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Gage Posts Record Q3 $27.2M Revenue Ahead Of Acquisition By TerrAscend

Benzinga Real-time News ·  Nov 29, 2021 21:26

Michigan-based cannabis premium brand and operatorGage Growth Corp.(CSE:GAGE) (OTCQX:GAEGF) reported recordfinancial resultsMondayfor the three and nine months ended September 30, 2021.

Revenue increased to a record of $27.2 millionin the third quarter of 2021 compared to $26.4 million in the second quarter of 2021, representing a3.2% increase.

"In the third quarter of 2021, Gage had a record performance across all financial and operating metrics,"Fabian Monaco, the company's CEOsaid. "We will continue to invest while improving our margins. Moreover, as we further introduce our in-house branded concentrate products, we expect our gross margin to further...

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