(Reuters) – Bruce Linton-led Gage Cannabis Co plans to list on the Canadian stock market in the first quarter of 2021, its president told Reuters, as the U.S.-based dispensary operator looks to capitalize on strong demand for weed during lockdowns.
Linton joined Gage as executive chairman in 2019, months after being ousted from the board of Canopy Growth Corp
– a business he founded in 2013, took public the next year and transformed into the most valued cannabis company through a string of deals. (https://reut.rs/30rhknz)
Gage, which currently focuses solely on the Michigan market, is expecting sales of around $13.2 million in the third quarter, up 11% from the previous three months.
“We have seen tremendous growth in the Michigan market in 2020 and Gage has been diligent in capturing that growth through its operating assets,” said Fabian Monaco, president of Gage Cannabis.
Weed companies in the United States have