QualityStocksNewsBreaks – Gage Cannabis Co. Announces First-Quarter 2021 Numbers, Corporate Update
Gage Growth Corp. (CSE: GAGE) (d.b.a. Gage Cannabis), a leading high-quality craft cannabis brand and operator in Michigan, has released its Q1 2021 financial and business results. The report included record revenue for the quarter of $17.6 million, an increase of 219.4% year over year, and 67.9% quarter over quarter, as well as gross margins of 26.1% compared to 17.3% in Q4 and sequential quarter growth of 880 basis points. The report noted that the strong quarter-over-quarter growth resulted primary from cultivation capacity expansion and two new dispensary openings. In addition, the company noted that it ended the quarter with…