Gage Growth Corp. - The powerful new green stock making major waves in Michigan
Gage Growth Corp CSE:GAGE
If you’re interested in the cannabis sector, you’ve probably heard of Cookies.
Originally founded by prolific rapper Berner, the company boasts more than 50 marijuana varieties and product lines and owns popular brands like Lemonnade, Runtz, and Minntz.
Today, it is taking the US market by storm.
From California, where it was first established and continues to be headquartered…
To states like Oregon, Colorado, Washington, and Nevada…
Cookies is commanding a large presence and some of the highest price points in every jurisdiction it has entered.
And now, thanks to a Michigan cannabis company called Gage Growth Corp. (CSE:GAGE), it can add Michigan to the growing list of states it is dominating.
You see, Gage is leading the green revolution in the Great Lakes State.
It’s providing exclusive access to powerful brands like Cookies, leveraging their reputations to elevate its own brand and sales. But it’s also employing a vertically-integrated model to establish itself as one of the jurisdiction’s highest-quality brands.
This powerful foundation has quickly seen Gage become one of Michigan’s premier operators. And that’s a powerful position to be in, given the state was one of America’s fastest-growing cannabis markets last year.
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But now, with cash in the bank, rapid near-term growth plans in place, and an industry-leading team behind the wheel….
Gage is primed not only to cement its position as Michigan’s largest cannabis company but also to begin expanding across the rest of the Midwest.
A laser-targeted focus on Michigan
Many new US cannabis companies attempt to establish a presence in a number of states at once. However, Gage has always taken the view that it is better to focus solely on one jurisdiction to begin with.
Indeed, by dedicating all of its money and time to Michigan, the firm stands the greatest chance possible of establishing a deeply entrenched reputation for quality and taking market share.
As mentioned, the firm has already set about establishing exclusive licensing agreements with renowned brands like Cookies. It means consumers in Michigan who have heard of the products these partners offer and want to buy them can only do so through Gage.
That alone is a powerful moat, but consider also that the company has established a vertically-integrated model for its own branded products. It puts Gage in total control of its supply chain – from cultivation to sale – meaning it can ensure its product is of the highest quality and commands the widest margins possible.
And then there’s the company’s team.
Aside from multi-disciplinary experts like CEO Fabian Monaco, President (USA) Mike Finos, and CFO David Watza, who are driving Gage forward…
The business has taken on the co-founder and former CEO of Canopy Growth – one of the world’s biggest cannabis companies - Bruce Linton as its chairman.
Not only that, Gage has strong institutional support from Jason Wild, a widely recognized premier investor in the cannabis sector. Jason Wild and his US$2 billion fund, JW Asset Management, was notably an early investor in some of the largest cannabis companies, including Canopy Growth Corp. and TerrAscend Corp. JW Asset Management has averaged 27% annualized returns for over 20 years.
All-in-all, this Gage’s expertise, brand quality, and licensing agreements have enabled it to establish a remarkably strong position in Michigan in a very short period of time.
Indeed, from having just one operational asset in mid-2019…
The company now operates three cultivation facilities alongside a range of contract grow operations.
It runs seven dispensaries operating at an industry-leading average run-rate.
And it is commanding one of the highest average basket sizes in the industry. The company's average basket size in 2020 was US$164 – nearly double the Michigan average.
The best thing, though, is that the only way is up from here…