Gage Growth Announces Third Social Equity Grant Recipient, Margaeux Bruner of Holi Smokeables
DETROIT, Aug. 16, 2021 /CNW/ - Gage Growth Corp. ("Gage" or the "Company") (CSE: GAGE) a leading high-quality cannabis brand and operator in Michigan, today announced their third social equity grant recipient, Margaeux Bruner, Founder of Holi Smokeables, who will be awarded the grant for her product The Holi Flower, an exclusive hemp wrap cone.
"Michigan is a state that has been deeply impacted by the tragic effects of the War on Drugs. Social equity initiatives like Gage's generous grant program provide Black-owned businesses with a more level playing field to compete with deep-pocketed operators in their community," said Bruner. "We are grateful to receive this grant from Gage in order to bring unparalleled and innovative quality hemp products and accessories to the Michigan market."
Bruner founded Holi Smokeables in December 2020 and will launch the Holi hemp wrap cone in August. The company specializes in sustainable hemp paper products and accessories that honor the ethos of the flower. Prior to founding Holi Smokeables, Michigan's Attorney General, Dana Nessel, selected Bruner to serve on the state's Marijuana Legal Workgroup, which worked to ensure that the state's marijuana proposals and regulations are fairly, equally and appropriately implemented. Bruner also previously served as the Commissioner of the Impaired Driving Safety Committee, representing qualified and registered patients. During the 2018 Coalition to Regulate Marijuana Like Alcohol campaign, Bruner served as a Designated Speaker and Strategist on behalf of the Marijuana Policy Project. She will be speaking at the National Cannabis Festival on August 28, 2021, as well as the NECANN Boston event on September 12, 2021.
"Our social equity program is committed to not only making Michigan's cannabis industry more accessible to entrepreneurs but also amplifying the exceptional talents that make up our business community," said Fabian Monaco, CEO of Gage. "Margaeux is a tremendous business leader, and we are confident in her ability to leverage this grant to build Holi Smokeables into an impactful brand."
"We are thrilled to name Margaeux Bruner as our third social equity recipient," said Sydney Bowden, Community Coordinator at Gage. "In addition to her company being an asset to the retail sector, Bruner has been a tireless advocate for social equity in cannabis and in Michigan. We look forward to watching her grow this new venture and supporting other businesses like hers through our grant efforts."
Gage's social equity grant program consists of 20 total grants, up to $50,000 each, as well as public relations and marketing support. Additionally, the Company will support record expungement clinics and informational sessions, and will collaborate with key community organizations to provide access to cannabis educational workshops, work development programs, and employment fairs.
In 2019, Gage awarded its first social equity recipient Ryan Basore, President of Redemption Cannabis. Diop Shumake, founder of Runner's High 5K, received the 2nd grant in December of 2020. Gage will begin accepting applications for their next recipient through its social equity website later this summer. Interested candidates can apply by submitting basic business information, a business plan and other applicable information to assist in selecting the best grant-worthy applicant.
For more information about the Gage's social equity program please visit www.gageusa.com/se. For more information about Holi Smokeables, follow @Holismokables on Instagram.
Gage Growth Corp. is innovating and curating the highest quality cannabis experiences possible for cannabis consumers in the state of Michigan 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).
Explanatory Note Regarding the Company's Operations
References in this news release to the Company and its operations and assets are inclusive of the operations and assets of certain licensed cannabis operators that operate under the Gage brand pursuant to contractual arrangements with the Company. For additional information, please refer to the Company's long form prospectus dated March 26, 2021 and other disclosure documents available on the Company's profile at www.sedar.com.
Caution Regarding Cannabis Operations in the United States
Investors should note that there are significant legal restrictions and regulations that govern the cannabis industry in the United States. While legal in certain states, cannabis remains a Schedule I drug under the U.S. Controlled Substances Act, making it illegal under federal law in the United States to, among other things, cultivate, distribute or possess cannabis. Financial transactions involving proceeds generated by, or intended to promote, cannabis-related business activities in the United States may form the basis for prosecution under applicable U.S. federal money laundering legislation. Investors should carefully read the risk factors and disclosures contained in the Company's long form prospectus dated March 26, 2021 and other disclosure documents available on the Company's profile at www.sedar.com.
Cautionary Note Regarding Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Gage's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Gage's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein may include, but are not limited to, statements about the anticipated expansion of the Company's operations and growing capacity in Michigan, projected financial results for the second quarter of 2021, potential acquisitions and the Company's prospects and the cannabis market generally in the state of Michigan.
By identifying such information and statements in this manner, Gage is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, Gage has made certain assumptions. Although Gage believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Among others, the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: unexpected costs or delays in the completion of the Company's proposed dispensaries and other operations; negative results experienced by the Company as a result of general economic conditions or the ongoing COVID-19 pandemic; delays in the ability of the Company to obtain certain regulatory approvals; unforeseen delays or costs in the completion of the Company's construction projects; adverse changes to demand for cannabis products; ongoing projects by competitors that may impact the relative size of the Company's operations; adverse changes in applicable laws; adverse changes in the application or enforcement of current laws, including those related to taxation; increasing costs of compliance with extensive government regulation; changes in general economic, business and political conditions, including changes in the financial markets; and the other risks disclosed in the Company's long form prospectus dated March 26, 2021 and other disclosure documents available on the Company's profile at www.sedar.com.
The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Gage does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
Third Party Information
This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources.
SOURCE Gage Cannabis Co.
For further information: Gage Contact: 1-(833)-455-GAGE (4243), IR@gageusa.com
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