Gage Growth CEO Fabian Monaco: Executing Phenomenal Growth

Gage Growth CEO Fabian Monaco: Executing Phenomenal Growthwww.youtube.com

Gage Growth (CSE:GAGE) CEO Fabian Monaco talks about the company’s latest merger and acquisition partnership with TerrAscend (CSE:TER,OTCQX:TRSSF) and how its different streams of revenue are driving Gage’s exponential growth within the cannabis landscape.

“In 2021, we really hit the ground running, just like we’re going to hit 2022 running even faster. We had phenomenal growth, quarter-over-quarter growth, and we’re looking to expand quite exponentially as we approach the year 2022 in Michigan,” Monaco said.

Gage entered into a US$545 million definitive arrangement agreement with TerrAscend wherein shareholders of Gage will receive 0.3001 of a common share of TerrAscend for each Gage Share.

The combined business will have operations in five states and in Canada, including seven cultivation and processing facilities and 23 operating dispensaries serving both medical and adult-use cannabis markets in the US and Canada.

Part of the company’s plan for expansion is to bring the phenomenal Cookies brand to Canada. It will be available exclusively in Ontario via the Ontario Cannabis Store, the largest purchaser of cannabis in the world.

“We’re going to bring the Cookies brand to Canada very, very soon. We plan on opening a retail store in Canada and be the first ever Cookies-branded retail store,” said Monaco.

Watch the full interview with Gage Growth CEO Fabian Monaco above.

The interview below was published in July 2021.

Gage Growth (CSE:GAGE) CEO Fabian Monaco says the company is marching towards being the number one market share leader in the state of Michigan after it recorded revenue of $17.6 million for Q1 2021, an increase of 219.4 percent year-on-year and 67.9 percent quarter-overquarter. Gage ended the quarter with over $43.6 million in cash.

“We’re in Q3, Q4, and obviously in 2022 as a whole, you’re really going to see some outsized growth from Gage. We’re at the forefront of people’s minds when they think not only about cannabis, but Michigan cannabis as well,” Monaco shared.

At the beginning of Q3 2021, Gage added two retail locations to its portfolio, entered into a contract grow agreement with a third party Michigan cannabis license holder and secured an exclusive five year partnership with Pure Beauty after it closed an exclusive deal with Khalifa Kush.

“Our goal is to have 10 contract growth, 13 different facilities and 20 retail stores across Michigan at the end of the year. We really like controlling the brand narrative, essentially from seed all the way to smoke. You’re going to see some pretty big margin expansion as we get to the end of 2021 and into 2022,” said Monaco.

In 2020, Gage Cannabis sealed a US$20 million commitment from JW Asset Management. According to Monaco, JW is a massive differentiating factor as the company continues to excel, with Jason Wild, founder and president of JW, being extremely supportive financially and strategically.

Watch the full interview with Gage Growth CEO Fabian Monaco above.

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