Skip to content

Gage Growth Corp. included in leading U.S. cannabis ETF

Gage Growth Corp. included in leading U.S. cannabis ETF

Cannabis company Gage Growth Corp. (CSE: GAGE) has announced its inclusion in one of the leading U.S. cannabis exchange-traded funds (ETFs) AdvisorShares Pure US Cannabis ETF. 

In a press statement, CEO Fabian Monaco said the inclusion would expose the company to more investors as it seeks to extend its growth. 

“Inclusion in a leading ETF brings strong exposure to potential new investors and we are pleased the AdvisorShares ETF has initiated a position in our Company. This represents a strong milestone for the Company and provides us added exposure to the investment community,” said Monaco.

Elsewhere, AdvisorShares has over $1 billion in assets under management with a sole focus on the United States companies.

Gage growth cuts down on losses

Gage Growth, operating in Michigan, recently announced it had generated $39.9 million in revenue for the 2020 fiscal year. The revenue represents a staggering 1,972% year-over-year growth. The firm also ended the year with over $45 million in cash.

Furthermore, Gage Growth recorded a net loss of $29.8 million for the 2020 full year an improvement. In 2019, the net loss stood at $75 million.

Moving forward, Gage Growth is seeking to expand its services by opening five more cultivation facilities this year from the current eight with plans to extend its retail footprint by opening at least 20 more locations in 2021.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

Related posts