$GAGE - big things coming Highlights from the recent interview/presentations in Benzinga's Global Small Cap Conference and Cannacord's Cannabis Virtual Conference.
- Focusing on expanding their cultivation capacity from 3,000lbs in June/July to 7,000lbs by the end of the year.
- Opening 2 more retail locations this month (10 total).
- Mainly targeting the Michigan market but is looking to expand into other states (Massachusetts, Illinois, New Jersey, Maryland, Ohio, Pennsylvania).
- Michigan could become the 2nd largest market after 2021, beating out Colorado
Benzinga (starts at around 2:25:45) https://youtu.be/oqcBAxa4o5o
I’m very bullish with a $4.50 price target from Viridian Capital and a $6.50 price target from Eight Capital. Both highlighting $GAGE’s growth in the Michigan market (3rd largest in the US, could become 2nd because of cannabis consumption growth in the state)
Expecting big things to come in the future as the company continues to expand and execute their plans. Breaking out today up 7% to $2.35 (mcap of $323M). The stock has slowly grinding back up since hitting lows during the selloff back in April. IMO, this is a long-term hold and I'll be looking to add more to my position soon.