Saturday, August 23, 2025

Gage Growth Hits US$26.4 Million In Revenue, US$9.4 Million Net Loss In Q2 2021

Gage Growth Corp. (CSE: GAGE) this morning announced its financial results for Q2 2021, which saw US$26.4 million in revenue. This is an increase from Q1 2021’s revenue of US$17.6 million and Q2 2020’s revenue of US$11.5 million.

The cannabis firm relayed that the revenue boost was driven primarily by cultivation capacity expansion and the addition of a new dispensary.

Gross margins for the quarter came in at 34.2%, a climb from the previous quarter’s 26.1%, but a decline from previous year’s 47.3%. As with the last quarter’s margin improvement, the company said this quarter also benefitted from a greater mix of higher-margin sales from retail locations and cultivation capacity expansion.

WIth US$14.8 million total operating expenses, the company posted a net loss of US$9.4 million for the quarter, compared to last quarter’s net loss of US$10.8 million and last year’s net loss of US$2.9 million. The quarter’s net loss translates to US$0.07 per share.

Meanwhile, adjusted EBITDA came in at a loss of US$1.9 million, up from Q1 2021’s loss of US$3.8 million.

The company ended the quarter with US$32.8 million in cash and cash equivalents coming from a starting balance of US$45.5 million at the beginning of the year. This figure puts the value of the current assets at US$50.4 million while current liabilities ended at US$27.3 million.

The Toronto-based company also shared that the state of Michigan posted $171 million of cannabis sales in July, positioning it as the third-largest cannabis market in the United States.

Gage Growth Corp. last traded at $2.42 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

A Medical Breakthrough the Market Overlooked | David Elsley – Cardiol Therapeutics

Why Grade Beats Size in Silver Mining | Frank Basa – Nord Precious Metals

Are Investors Missing the Start of the Next Commodity Supercycle? | Morgan Lekstrom – NexMetals

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

TerrAscend To Acquire Gage Cannabis For US$545 Million In All Stock Deal

As was heavily speculated on Twitter this morning, TerrAscend Corp (CSE: TER) has entered into...

Wednesday, September 1, 2021, 09:43:16 AM

PI Financial Initiates Coverage On Gage Growth With C$7.50 Price Target

On Wednesday morning, PI Financial initiated coverage on Gage Growth Corp (CSE: GAGE) with a...

Friday, July 2, 2021, 04:10:00 PM

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

TerrAscend: The Dominant Player In Michigan? – The Daily Dive

Today on the Daily Dive, we sit down with returning guest Jason Wild, Executive Chairman...

Tuesday, September 21, 2021, 01:30:00 PM

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...

Thursday, April 29, 2021, 07:23:18 AM