Congressman Introduces Legislation To Reschedule Cannabis, More State Legislation Consider Proposals For Legalization: Week In Review

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DETROIT, Jan. 28, 2021 / PRNewswire / – PRESS RELEASE – Gage Cannabis Co., a Michigan cannabis brand and operator, announced the final completion of its Regulation A Tier 2 equity financing. In total, Gage has issued 28,571,400 subordinated voting shares for gross proceeds of $ 50,000,000, the maximum amount that is eligible under the Company’s offering circular (see Gage Cannabis Co. offers newsletters). The oversubscribed supply encompassed demand from both institutional and retail investors and significantly expanded the company’s ownership base by adding over 1,000 new shareholders.

The company believes it will use the proceeds from the offering to expand its retail presence, make acquisitions, and position and consolidate Gage as the premier cannabis operator in the state of Michigan.

“We are humble and excited about the huge interest and demand from investors for our oversubscribed Reg A funding,” said Fabian Monaco, President of Gage. “Michigan is one of the fastest growing cannabis markets in the United States, and Gage has a solid track record to continue building our market share as the leading operator with the state’s best brands. This is a great first step on our journey to becoming a publicly traded company we are committed to further increasing long-term shareholder value. “

Go Public Plan in the first quarter of 2021

As previously announced, the company continues to pursue a potential stock exchange transaction that is expected to close in the first quarter of 2021. Gage encourages interested investors to visit www.GageInvestors.com for more information or contact the Investor Relations team for more information or to be added to the shareholder distribution list at IR@GageUSA.com.