Gage Cannabis Announces US$20 Million Reg A+ Commitment from JW Asset Management

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<![CDATA[DETROIT, Dec. 16, 2020 /PRNewswire/ — PRESS RELEASE — Gage Cannabis Co., a cannabis brand and operator in Michigan, has announced it has secured a minimum investment of US$20 million from funds advised by JW Asset Management, LLC as part of the company’s Regulation A, Tier 2, equity financing. JW Asset Management’s investment will provide Gage with resources to accelerate the expansion of its retail and cultivation footprint, pursue accretive acquisitions, and help position and solidify Gage as the leading cannabis operator in the state of Michigan. JWAM has been an active investor in the cannabis sector since 2014, investing in many of the industry leaders, including TerrAscend Corp., where Jason Wild’s strategic involvement and support has been instrumental in driving tremendous value for shareholders. "JW Asset Management is widely recognized as one of the premier investors in the cannabis sector. Their participation provides Gage with a strong balance sheet that enables us to further establish our brand in one of the fastest-growing cannabis markets in the United States," said Fabian Monaco, president of Gage. "We are confident in executing on our 2021 goals, driven by the growth of both the cultivation and dispensary arms of our business. We are fortunate to have developed a strong relationship with JWAM and are grateful for their support as we capitalize on the opportunities ahead in Michigan."Wild, founder and president of JWAM added, "Gage has rapidly established a strong footprint in Michigan and I’m thrilled to participate in their growth. I’m confident that Gage’s experienced team will continue to execute on the opportunity ahead." Gage’s Michigan footprint has grown significantly since their first retail opening in the state in September 2019. Today, the company supports five provisioning centers (dispensaries), three cultivation facilities and one processing facility across the state of Michigan, with plans…

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Source : Gage Cannabis Announces US Million Reg A+ Commitment from JW Asset Management

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