Gage Development Corp. (CSE: GAGE) has added two extra provisioning facilities (dispensaries) to its portfolio, which will probably be positioned in Flint and Burton, Michigan. The corporate now has 15 provisioning heart places in its retail portfolio.
“These newest additions to Gage’s retail and cultivation portfolios allow the Firm to broaden and solidify its place within the Michigan market,” stated Fabian Monaco, CEO of Gage. “We sit up for bringing our world-class cannabis experiences to new communities by means of our elevated retail places. Gage is dedicated to investing within the communities during which it operates, and we are going to strategy Flint and Burton with the identical excessive degree of integrity, give attention to range, and dedication to providing a wide range of high quality merchandise to supply one of the best cannabis experiences to the area’s sufferers and shoppers.”
Gage’s first retail dispensary in Flint will probably be positioned at 4174 W. Pierson Rd., a closely trafficked space accessible to residents in Flushing and downtown Flint. Gage will even open a retail location in Burton, positioned at 1234 N. Middle Rd. Gage’s portfolio consists of metropolis and state approvals for 19 “Class C” cultivation licenses, three processing licenses and 15 provisioning facilities (dispensaries).
The corporate additionally introduced it has entered right into a contract develop settlement with a third-party Michigan cannabis license holder, including its eleventh anticipated Contract Grower to the Firm’s portfolio for the 2021 calendar 12 months. The corporate stated it expects to obtain the product from the Contract Grower within the fourth quarter of this 12 months in an quantity of roughly 250 kilos of dried cannabis per 30 days. As beforehand disclosed, Gage expects including a number of extra companions and increasing its complete cultivation services by year-end to 14 places.
Completion of this transaction and the Firm’s opening of storefront retail dispensaries in Flint and Burton are topic to state and native regulatory approvals.
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