Gage Growth Redeems a Portion of the Super Voting Shares Held by Mayde Inc.

Gage Growth Redeems a Portion of the Super Voting Shares Held by Mayde Inc.

Mayde Inc. (the "Holder") announced today that on February 28, 2022, the Holder exchanged (the "Exchange") an aggregate of 67,000 exchangeable units of Spartan Partners Holdings, LLC (the "Exchangeable Units"), a partially owned subsidiary of Gage Growth Corp. (the "Issuer"), into 3,350,000 subordinate voting shares of the Issuer (the "Subordinate Voting Shares"). In connection with the Exchange, the Issuer redeemed 67,000 super voting shares of the Issuer (the "Super Voting Shares") from the Holder in accordance with the terms of the articles of the Issuer (the "Redemption").

Prior to the Redemption, the Holder held beneficial ownership of 600,000 Super Voting Shares, representing 40% of the Super Voting Shares outstanding immediately before the Redemption. Immediately following the Redemption, the Holder held beneficial ownership of 533,000 Super Voting Shares, representing 37.195% of the Super Voting Shares outstanding immediately following the Redemption.

Pursuant to the Redemption, the Holder received C$6.70, which is the amount equal to the issue price of the 67,000 Super Voting Shares so redeemed.

The Holder may dispose of the newly exchanged Subordinate Voting Shares through one or more private transactions, subject to market conditions.

The Holder is located at Suite 188, 3-35 Stonechurch Road Ancaster ON L9K1S4. To obtain a copy of the early warning report applicable to the Redemption, please contact Rami Reda at 905-577-3436. The address of the head office of the Issuer is located at 77 King Street West, Suite 400, Toronto-Dominion Centre, Toronto, ON M5K 0A1.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115198

News Provided by Newsfile via QuoteMedia

GAGE:CNX
The Conversation (0)
Gage Growth

Gage Growth

Building One of the Fastest Growing Cannabis Brands in Michigan

Gage Growth Corp. Launches Pure Beauty Products in Michigan Stores

Gage Growth Corp. Launches Pure Beauty Products in Michigan Stores

Pure Beauty premium flower products expand to first market outside of California Gage Growth Corp. ("Gage" or the "Company") (CSE: GAGE) (OTCQX: GAEGF), a leading high-quality premium cannabis brand and operator in Michigan announced that the Company will launch products from Pure Beauty ("Pure... Keep Reading...
Gage Cannabis & Cookies to Launch Flagship Cannabis Dispensary in Toronto, Canada

Gage Cannabis & Cookies to Launch Flagship Cannabis Dispensary in Toronto, Canada

Gage Growth Corp. ("Gage" or the "Company") (CSE: GAGE) (OTCQX: GAEGF), a leading high-quality premium cannabis brand and operator in Michigan today announced plans to open a flagship Cookies dispensary in the heart of Toronto, Canada ("Cookies Toronto") on Saturday, January 29 th 2022 at 9am ET... Keep Reading...
Gage Growth Corp. Adds Ann Arbor Retail Location to Portfolio

Gage Growth Corp. Adds Ann Arbor Retail Location to Portfolio

Gage Growth Corp. ("Gage" or the "Company") (CSE: GAGE) (OTCQX: GAEGF), a leading high-quality cannabis premium brand and operator in Michigan today announced that it has added a provisioning center (dispensary) to its portfolio located in Ann Arbor . The Company now has 18 provisioning center... Keep Reading...
Gage Growth Corp. Announces Grand Opening of Kalamazoo Stadium Dispensary

Gage Growth Corp. Announces Grand Opening of Kalamazoo Stadium Dispensary

Gage expands retail footprint to 11 dispensaries throughout Michigan Gage Growth Corp. ( " Gage" or the " Company") (CSE: GAGE) (OTCQX: GAEGF), a leading high-quality cannabis premium brand and operator in Michigan today announced the grand opening of its second dispensary in Kalamazoo . Gage... Keep Reading...
Gage Growth Corp. Announces DTC Eligibility and Closing of Sturgis Dispensary

Gage Growth Corp. Announces DTC Eligibility and Closing of Sturgis Dispensary

Gage Growth Corp. ("Gage" or the "Company") (CSE: GAGE) (OTCQX: GAEGF), a leading high-quality cannabis premium brand and operator in Michigan is pleased to announce that its subordinate voting shares have been approved for DTC full-service eligibility in the United States by the Depository... Keep Reading...
Gavel resting on cannabis leaves.

Cannabis Crossroads: Record US Demand Meets Federal Gridlock

The US cannabis industry is at a turning point. State-level legalization and retail growth continue to accelerate, but federal policy remains stalled, leaving businesses navigating both opportunity and uncertainty. Record consumer demand is driving sales, yet outdated regulations, restrictive... Keep Reading...
Cannabis leaf.

10 Biggest Cannabis Stocks in the US and Canada in 2025

After initial optimism for rescheduling in the US, the cannabis market has faced challenges in 2025. Despite signs of support from US President Donald Trump and members of his administration, regulatory uncertainty persists in the US. Companies are shifting focus to match changes in consumer... Keep Reading...
Field of cannabis plants under bright sunlight.

Cannabis Market Update: H1 2025 in Review

The first half of 2025 played out differently than many cannabis market participants expected. Heading into the year, there was optimism that rescheduling in the US would reduce or eliminate challenges, but the industry continued to grapple with persistent federal regulatory uncertainty,... Keep Reading...
Closeup of lush green cannabis leaves.

Thailand Reverses Course on Cannabis, Moves to Recriminalize Amid Political Fallout

Thailand’s groundbreaking experiment with cannabis decriminalization is rapidly unraveling, with the government formally moving to reclassify the plant as a narcotic and ban recreational sales.The decision has sent shockwaves through an industry once projected to be worth over US$1 billion.The... Keep Reading...
Cannabis leaf over map of Australia.

A State-by-State Guide to Cannabis in Australia

Australia federally legalised medicinal cannabis in 2016, and Australia's cannabis market has seen major growth since then.Medical cannabis approvals were up by 120 percent in the first half of 2023 compared to the same period in 2022. Statista forecasts that Australian cannabis revenue will... Keep Reading...
Cannabis leaf on road marked with "2025," with sunlight in the background.

New Cannabis Consumption Trends, Regulatory Shifts Seen Driving Market in 2025

Understanding trends in the cannabis industry is paramount for investors eyeing a market with steady growth potential, but the landscape is complex as products and regulations continue to evolve. Consumption habits are changing as edibles, vaping and THC beverages gain traction, especially among... Keep Reading...

Latest Press Releases

Related News