Gage Growth Corp., a leading high-quality premium cannabis brand and operator in Michigan, is pleased to announce that the Ontario Superior Court of Justice (Commercial List) has issued a final order approving the previously announced plan of arrangement under Section 192 of the Canada Business Corporations Act pursuant to which TerrAscend Corp. will acquire all of the issued and outstanding securities of Gage (the “Arrangement“).
“We are thrilled to announce that the Arrangement has received the necessary approvals from the courts,” said Fabian Monaco, CEO of Gage. “As consumer demand for high quality cannabis escalates across the U.S., we look forward to maximizing our cultivation, manufacturing and retail capabilities once we become official members of the TerrAscend team.”
The Arrangement remains subject to customary closing conditions, including the receipt of certain cannabis regulatory approvals in the State of Michigan.
Following completion of the Arrangement, the Gage shares will be de-listed from the Canadian Securities Exchange (the “CSE“) and applications will be made for it to cease to be a reporting issuer with the relevant securities regulatory authorities.
About Gage Growth Corp.
Gage Growth Corp. is innovating and curating the highest quality cannabis experiences possible for cannabis consumers in the state of Michigan and Canada, and bringing internationally renowned brands to market. Through years of progressive industry experience, the firm’s founding partners have successfully built and grown operations with federal and state licenses, including cultivation, processing and retail locations. Gage’s portfolio includes city and state approvals for 19 “Class C” cultivation licenses, three processing licenses and 15 provisioning centers (dispensaries).
For more information about Gage Growth Corp., visit www.gagecannabis.com or www.gageinvestors.com.