Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Gage Growth GAEGF

Gage Growth Corp is engaged in providing branding and crucial support services to affiliated licensed operators that produce, distribute, and sell cannabis and cannabis-related products in the State of Michigan.


OTCQX:GAEGF - Post by User

<< Previous
Bullboard Posts
Next >>
Post by maysilverstoneon May 07, 2021 4:36pm
143 Views
Post# 33154767

$GAGE- adding this one to my watchlist

$GAGE- adding this one to my watchlist
Feeling very bullish on $GAGE, a high-quality cannabis company operating in Michigan. One of the fastest growing legal cannabis markets in the US, Michigan posted $146M of cannabis sales in March, reflecting approximately a $1.8B annual run-rate.
 
Yesterday Viridian Capital initiated a coverage of $GAGE with a Buy rating and a $4.25 price target while Eight Capital gave a $6.50 price target.
 
Additionally, in a recently released financial report, it was reported that in 2020, revenue increased 1,972% YoY to $39.9M. In Q4, they experienced a 615% YoY growth in revenue to $10.5M. They also celebrated a single day record retail revenue of $505,000 on 4/20. (Link: https://gageusa.com/gage-growth-corp-announces-fiscal-year-2020-results-and-provides-business-update/_)
 
With a current market cap of $344M, $GAGE is up 3.3% to $2.50. Expecting to open 20+ dispensaries by the end of 2021, with two additional dispensary openings planned in May, I think this one could be big as they continue with their future expansion plans further extending this strong growth. 

<< Previous
Bullboard Posts
Next >>