Gage (CSE: GAGE) (OTCQX: GAEGF), a leading high-quality premium cannabis brand and operator in Michigan, and TerrAscend Corp. have announced plans to close on the previously announced acquisition agreement. According to the agreement, TerrAscend, a leading North American cannabis operator, will acquire Gage through a court-approved plan of arrangement slated for March 10, 2022. The acquisition will combine the two companies’ strong leadership teams, create a powerful portfolio of cannabis brands, and deliver quality operations. Through the acquisition, TerrAscend expands its footprint with owned and managed operations in California, Michigan, Maryland, New Jersey, Pennsylvania and Canada; those operations include seven cultivation and processing facilities along with 25 operating dispensaries. TerrAscend executives called the acquisition a “defining moment” as the two companies combine their leading vertically integrated operations with proven cultivation and manufacturing expertise, deep portfolios of proprietary flower strains and top-selling brands. “We are thrilled to join forces with TerrAscend to create one of North America’s most prominent cannabis companies,” said Gage CEO Fabian Monaco in the press release. “With our shared core philosophies and complementary areas of expertise, we can’t wait to execute on our collective vision.”
To view the full press release, visit https://ibn.fm/PhwvY
About Gage Growth Corp.
Gage Growth is innovating and curating the highest-quality cannabis experiences possible for cannabis consumers in the state of Michigan and Canada, and is also bringing internationally renowned brands to market. Through years of progressive industry experience, the company’s founding partners have successfully built and grown operations with federal and state licenses, including cultivation, processing and retail locations. For more information, visit the company website at www.GageUSA.com.
NOTE TO INVESTORS: The latest news and updates relating to GAGE are available in the company’s newsroom at https://ibn.fm/GAGE
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