OTCQX:GAEGF - Post by User
Comment by
Stylesson Apr 08, 2021 1:12pm
259 Views
Post# 32957504
RE:RE:RE:Bruce Linton launches direct to market IPO GAGE on the CSE.
RE:RE:RE:Bruce Linton launches direct to market IPO GAGE on the CSE.Let me clarify a few things as i have been a private investor in Gage for years now.
This is not a Bruce Linton story. Bruce is not a founder and he's not really involved in any aspect of this Company in a material way. Bruce was brought on very late to the story to promote the stock.
The operators (and founders) Reda and Hermiz built this Company from the ground starting 10 years ago. They built it brick by brick and dollar by dollar. They didn't make the stupid mistakes Linton does and has done in the past (i.e. buy your way to scale). Gage has no debt, made no acquisitions to get to this scale and are running very lean.
Bruce is just a promoter who's never really had much success other than getting lucky with timing of Canopy. The market rewarded him for growing his business by acquisition and doing reckless deals -so that's what he did.
Hermiz and Reda own half this Company. They will not make Bruce LInton mistakes.
This is the next cannabis success story. People do not appreciate the power of the cookies brand and the premium these guys get for their bud. Just look at their average basket size and the fact that they are doing 2M a month per location with 7 open, and another 13 coming by year end. The Company plans to have over 30 stores open in 2022. That's a decent path to 350M dollars of revenue.
At 2-5x sales, that suggests insane upside
Also, the Company has no debt and 50M in cash. The cash actually balloons to potentially +80M if you assume warrant / options exercise. This Company may not need to raise money for years. With a tight float (70% locked up) and all that cash, this stock has only one direction to go long term...and that's higher!