Monday, October 20, 2025

Gage Cannabis Reports 2020 Revenues Of $39.9 Million, Net Loss Of $29.8 Million

Gage Growth Corp (CSE: GAGE) this morning reported its financial results for the period ended December 31, 2020. The company reported revenues of $39.9 million for the full fiscal year, along with a net loss of $29.8 million.

Full financial results are yet to be filed by the company as of the time of writing. What is known however is that the fiscal year saw gross profits of $12.3 million on revenues of $39.9 million for the fiscal year, resulting in gross margins of 30.8%. Operating expenses however amounted to $34.8 million, resulting in the loss of $29.8 million.

With respect to the fourth quarter, the company reported revenues of $10.5 million for the period, however no further color has yet been provided by the company. The company reportedly had a cash position of $45.5 million as of December 31.

Looking forward, the company provided guidance for both the first and second quarters of 2021. For the first quarter, Gage is expecting revenues between $17.0 and $18.0 million, at a “flower gross margin” of 40% to 45%. The second quarter is expected to see strong revenue growth, with total revenues between $26.0 and $31.0 million with “flower gross margins” between 45% and 50%.

Gage Growth Corp last traded at $2.45 on the CSE.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Gage Cannabis To Open First Cookies Store In Canada

While most firms are focused on bringing their brands to the US market, it appears...

Friday, January 28, 2022, 08:29:56 AM

Gage Cannabis Enters Exclusive Partnership With Khalifa Kush In Michigan

After its fallout with The Supreme Cannabis Company a year ago, it appears that Khalifa...

Wednesday, July 7, 2021, 09:02:48 AM

Gage Cannabis Marks April 6 As Go-Public Date

Gage Growth Corp (CSE: GAGE), also known as Gage Cannabis, formally announced this morning that...

Thursday, April 1, 2021, 08:23:02 AM

Gage Growth: Focused On Brand Building In Michigan – The Daily Dive

For our final episode of the Daily Dive this week, our host Cassandra Leah sits...

Friday, June 25, 2021, 01:30:00 PM

Gage Cannabis Approved For Tier 2 Regulation A+ Offering Of US$50 Million

On September 25th, Gage Cannabis received qualification from the SEC, allowing Gage to offer 28,571,400...

Wednesday, October 14, 2020, 02:39:00 PM