Gage (CSE: GAGE) (OTCQX: GAEGF), a leading high-quality premium cannabis brand and operator in Michigan, and Mayde Inc. have been involved in an exchange of voting shares. According to the announcement, on Feb. 28, 2022, Mayde exchanged 67,000 exchangeable units of Spartan Partners Holdings LLC, a partially owned subsidiary of Gage Growth Corp., into 3,350,000 subordinate voting shares of GAEGF. In addition, Gage redeemed 67,000 of its super voting shares from Mayde in accordance with outlined terms of the agreement. The announcement noted that before the exchange, Mayde held beneficial ownership of 600,000 super voting shares, which comprised 40% of outstanding super voting shares immediately before the redemption. After the redemption, Mayde held beneficial ownership of 533,000 super voting shares, which is 37.195% of the super voting shares outstanding immediately following the exchange. The announcement noted that Mayde received C$6.70, or the amount equal to the issue price of the 67,000 super voting shares redeemed; Mayde may dispose of the newly exchanged shares through one or more private transactions, subject to market conditions.
To view the full press release, visit https://ibn.fm/a3U7m
About Gage Growth Corp.
Gage Growth is innovating and curating the highest-quality cannabis experiences possible for cannabis consumers in the state of Michigan, and is also bringing internationally renowned brands to market. Through years of progressive industry experience, the company’s founding partners have successfully built and grown operations with federal and state licenses, including cultivation, processing and retail locations. Gage’s portfolio includes three city and state cultivation and processing assets and 18 provisioning centers, or dispensaries. For more information, visit the company website at www.GageUSA.com.
NOTE TO INVESTORS: The latest news and updates relating to GAGE are available in the company’s newsroom at https://ibn.fm/GAGE
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