Gage Cannabis Reports Growing Revenue

Gage Growth Corp. (CSE: GAGE) reported its financial results for the three months ended June 30, 2021. Revenue increased to $26.4 million in the second quarter of 2021, as compared to $17.6 million in the first quarter of 2021, a 49.9% increase. This strong quarter over quarter growth was driven primarily by cultivation capacity expansion, one new dispensary opening and strong same-store growth. The net loss was trimmed to $9.4 million from the first quarter’s $10.8 million.

“In the second quarter of 2021, Gage had a strong performance across all financial and operating metrics,” said Fabian Monaco, CEO of Gage. “We continue to grow rapidly while substantially improving our margins as evidenced by our quarter over quarter gross margin improvement since the fourth quarter of 2020.”

Gage also said that it had an average basket size of $152 in the second quarter of 2021.

The company also said it expects to operate in-house processing asset in the fourth quarter of 2021 leading to further margin expansion



Debra Borchardt

Debra Borchardt is the CEO, Co-Founder, and Editor-In-Chief of GMR. She has covered the cannabis industry for several years at Forbes, Seeking Alpha and TheStreet. Prior to becoming a financial journalist, Debra was a Vice President at Bear Stearns where she held a Series 7 and Registered Investment Advisor license. Debra has a Masters degree in Business Journalism from New York University.

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss This Week's Groundbreaking News

Join the thousands of subscribers who stay informed with GMR's exclusive news briefs delivered directly to your inbox every Friday afternoon.

We respect your privacy. See our privacy policy.

About Us

The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


Recent Tweets

@GreenMarketRpt – 13 hours

RT : True Crime and the Cannabis Industry Meet In New Podcast | by

@GreenMarketRpt – 13 hours

RT : We’re so proud to see Curaleaf’s own Cristina Nutzman, VP of Legal-Labor & Employment, recognized by for…

@GreenMarketRpt – 17 hours

$STMH Stem Buys Artifact Extracts, Two Dispensaries For $2.9 Million

Back to Top