OTCQX:GAEGF - Post by User
Post by
maysilverstoneon May 07, 2021 4:36pm
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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.
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.