Gage Growth Corp. Announces Commencement of Trading on the OTCQX in the United States
Gage Growth Corp. has successfully upgraded from the Pink market to the OTCQX Best Market, designated by the ticker symbol GAEGF. This transition enhances trading transparency, visibility, and accessibility for US investors. The OTCQX Best Market, known for trading over 11,000 securities, represents a significant milestone for Gage, improving liquidity. CEO Fabian Monaco expressed excitement for this upgrade, emphasizing plans for growth in Michigan and beyond. The company holds 19 cultivation licenses, three processing licenses, and 15 dispensaries.
- Upgraded to OTCQX Best Market enhances trading transparency and visibility for investors.
- Improved liquidity expected with the transition to a higher-tier market.
- CEO emphasizes growth plans in Michigan and potential for increasing shareholder value.
- None.
DETROIT, Nov. 5, 2021 /PRNewswire/ - Gage Growth Corp. ("Gage" or the "Company") (CSE: GAGE) (OTCQX: GAEGF), a leading high-quality premium cannabis brand and operator in Michigan, today announced that it has upgraded from the Pink market and qualified to trade on the OTCQX Best Market under the ticker symbol "GAEGF". US investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on https://www.otcmarkets.com/. Gage subordinate voting shares will continue to trade on the Canadian Securities Exchange under the symbol "GAGE".
The OTCQX Best Market provides investors with a premium US public market to research and trade GAEGF. It is also the highest market tier of OTC Markets on which over 11,000 US and global securities trade. Upgrading to the OTCQX Market is an important milestone for Gage, as it provides transparent trading, visibility and accessibility for its US investors.
"We are excited to be upgraded to OTCQX, which allows us to increase visibility and improve liquidity" said Fabian Monaco, CEO of Gage. "We look forward to continuing to add shareholder value and executing on our exciting growth plans in Michigan and beyond."
Nauth LPC acted as the company's OTCQX sponsor.
About Gage
Gage Growth Corp. is innovating and curating the highest quality cannabis experiences possible for cannabis consumers in the state of Michigan 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.gageusa.com or www.gageinvestors.com.
Instagram: @gagemichigan
Facebook: @gageusa
Twitter: @gagecannabisco
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for over 11,000 U.S. and global securities. Through its regulated OTC Link® Alternative Trading Systems, the Company connects a diverse network of broker-dealers that provide liquidity and execution services. OTC Market Group enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for their investors.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To learn more about how OTC Markets Group creates better informed and more efficient markets, visit www.otcmarkets.com.
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Caution Regarding Cannabis Operations in the United States
Investors should note that there are significant legal restrictions and regulations that govern the cannabis industry in the United States. While legal in certain states, cannabis remains a Schedule I drug under the U.S. Controlled Substances Act, making it illegal under federal law in the United States to, among other things, cultivate, distribute or possess cannabis. Financial transactions involving proceeds generated by, or intended to promote, cannabis-related business activities in the United States may form the basis for prosecution under applicable U.S. federal money laundering legislation. Investors should carefully read the risk factors and disclosures contained in the offering circular prepared in connection with the Offering before making any decision to invest in the Company.
Explanatory Note Regarding the Company's Operations
References in this news release to the Company and its operations and portfolio are inclusive of the operations and assets of certain licensed cannabis operators that operate under the Gage brand pursuant to contractual arrangements with the Company. For additional information, please refer to the Company's long form prospectus dated March 26, 2021 and other disclosure documents available on the Company's profile at www.sedar.com.
Forward Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information contained in this press release may be identified by the use of words such as, "may", "would", "could", "will", "likely", "expect", "anticipate", "believe, "intend", "plan", "forecast", "project", "estimate", "outlook" and other similar expressions, and include statements with respect to future growth. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors relevant in the circumstances, including assumptions in respect of current and future market conditions, the current and future regulatory environment; and the availability of licenses, approvals and permits.
Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the forward-looking information including, but not limited to, those risks disclosed in the Company's long form prospectus dated March 26, 2021 and other disclosure documents available on the Company's profile at www.sedar.com. The statements in this press release are made as of the date of this release. The Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
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SOURCE Gage Cannabis Co.
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