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Gage Growth Corp. Announces Us$55 Million Senior Secured Debt Financing

Nov 22, 2021•over 3 years ago

Amount Raised

$55 Million

Detroit

Description

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 Information

Company

Gage Growth

Location

Detroit, Michigan, United States

About

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

Funding Insights

Based on industry data
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