Gage Growth Corp. (CSE: GAGE) (OTCQX: GAEGF) (d.b.a. Gage Cannabis), a leading high-quality cannabis brand and operator in Michigan, today released its record financial results for the three and nine months ended Sept. 30, 2021. Among the highlights, the company reported a record revenue increase of $27.2 million in the third quarter of 2021, a 3.2% increase as compared to $26.4 million in the second quarter of 2021. In addition, gross margin, before impact of biological asset adjustments, was 36.5% in the third quarter of 2021 compared to 34.2% in the second quarter of 2021. “In the third quarter of 2021, Gage had a record performance across all financial and operating metrics,” said Fabian Monaco, CEO of Gage. “We will continue to invest while improving our margins. Moreover, as we further introduce our in-house branded concentrate products, we expect our gross margin to further improve over the next two quarters.”
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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 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 17 provisioning centers (dispensaries). For more information about Gage Growth Corp., visit www.GageUSA.com.
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