Gage Growth Corp. (CSE: GAGE) (d.b.a. Gage Cannabis), a leading high-quality cannabis brand and operator in Michigan, today released its financial results for the three and twelve months ended December 31, 2020. Among the highlights, the company reported that full-year 2020 revenue increased 1,972% year-over-year to $39.9 million, and Q4 2020 revenue increased 615% year-over-year to $10.5 million. “Throughout 2020, we worked to establish Gage as one of the leading vertically integrated cannabis companies in Michigan. We strategically invested in the infrastructure and human capital necessary to build scale, leveraging our first-mover advantage and strong brand to own the Michigan market,” said Fabian Monaco, CEO of Gage. “We are thrilled with the results of our efforts, demonstrated by the strong revenue growth and margin expansion we have achieved. Gage is approaching an exciting inflection point, which we believe will enable us to extend our strong growth as we look ahead to 2021.”
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About Gage Growth Corp.
Gage is innovating and curating the highest quality cannabis experiences possible for cannabis consumers in the state of Michigan and bringing internationally renowned brands to market. Through years of progressive industry experience, the firm’s founding partners have successfully built and grown operations with federal and state licenses, including cultivation, processing and retail locations. Gage’s portfolio includes city and state approvals for 19 “Class C” cultivation licenses, three processing licenses and 12 provisioning centers (dispensaries). For more information about the company, visit www.GageUSA.com.
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