Gage Growth

Gage Growth

Growth Stage

Bringing You Michigan’s Best Cannabis

Bringing You Michigan’s Best Cannabis

Overview

Raised to Date: 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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/30/2021

% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$328,924

# of Investors

1,037

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
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
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Gage Growth on Dalmore Group 2020
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $225,130,000
Price per Share: $1.75

Follow company

Follow Gage Growth on Dalmore Group 2020

Buy Gage Growth's Deal Report

Warning: according to the close date for this deal, Gage Growth may no longer be accepting investments.

Gage Growth Deal Report

Get KingsCrowd’s comprehensive report on Gage Growth including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Gage Growth is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Gage Growth deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge