Gage Growth

Gage Growth

Growth Stage

Bringing You Michigan’s Best Cannabis

Bringing You Michigan’s Best Cannabis

Overview

Raised this Round: Raised: $49,996,450

Total Commitments ($USD)

Platform

Dalmore Group

Start Date

08/31/2020

Close Date

Not Provided

Min. Goal
$1,000
Max. Goal
$50,000,000
Min. Investment

$1,000

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.75

Pre-Money Valuation

$225,130,000

Year Founded

2017

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

AgriTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Toronto, Ontario

Business Type

Growth

Gage Growth is raising funds on Dalmore Group through Reg A+ crowdfunding. The company cultivates and curates high-quality cannabis products in Michigan. It has three licensed cultivation and processing centers that serve 13 provisioning centers throughout the state. The cannabis plants are grown in small batches using hydroponic cultivation methods, handpicked, trimmed, and cured to make excellent products. Fabian Monaco, Bruce Linton, and Michael Hermiz founded Gage Growth in 2017. The current crowdfunding campaign has no minimum target and a maximum target of $50,000,000. The campaign proceeds will be used for property acquisition, construction and equipment, licensing and permits, branding and marketing, R&D, and general corporate purposes.

Balance Sheet

Cash and Cash Equivalents

$9,705,991

Investment Securities

$198,164

Accounts and Notes Receivable

$961,047

Property, Plant and Equipment (PP&E)

$27,346,304

Total Assets

$64,603,131

Accounts Payable & Accrued Liabilities

$4,152,165

Long Term Debt

$3,789,325

Total Liabilities

$10,560,238

Total Stockholders' Equity

$54,042,893

Total Liabilities and Equity

$64,603,131

Statement of Comprehensive Income Information

Total Revenues

$1,925,133

Costs & Expenses Applicable to Rev

$76,957,376

Depreciation and Amortization

$906,477

Net Income

$-75,032,243

Earnings Per Share - Basic

$-1.02

Earnings Per Share - Diluted

$-1.02

Auditor: MNP, LLP
Financials as of: 08/31/2020
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Gage Growth on Dalmore Group 2020
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $225,130,000
Price per Share: $1.75

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