Gage Growth Corp. Announces Us$55 Million Senior Secured Debt Financing
11/22/21, 9:15 AM
Location
detroitMoney raised
$55 million
Gage Growth Corp. ("Gage" or the "Company") (CSE: GAGE) (OTCQX: GAEGF), a leading high-quality premium cannabis brand and operator in Michigan, today announced it has closed on a senior secured term loan (the "Term Loan") for aggregate gross proceeds of US$55 million (the "Offering"). Gage intends to use the proceeds (i) to finance the Company's retail acquisition strategy in Michigan, (ii) to support the Company's future growth, and (iii) for general working capital purposes. All retail acquisitions are expected to be accretive to Gage and TerrAscend Corp
Company Info
Location
detroit, michigan, united states
Additional Info
Gage Growth Corp. is innovating and curating the highest quality cannabis experiences possible for cannabis consumers in the state of Michigan and Canada, 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 15 provisioning centers (dispensaries).
For more information about Gage Growth Corp., visit www.gagecannabis.com or www.gageinvestors.com.
Instagram: @gagemichiganFacebook: @gageusa Twitter: @gagecannabisco