The Company offers its own distinctive strategy founded on three pillars: extraction services, formulation & white-labeling and Pure Pulls brand development. Key to a good business model, the HBR article noted, is a simple working definition of the term and the answers to some age-old questions: Who is the customer? What does the customer value? How does the business make money? What is the underlying economic logic that explains how the business can deliver value to its customers at an appropriate cost? Pure Extracts’ business model approach answers these questions and “is multi-faceted and comprehensive as it includes elements that allow for future growth and expansion, scalability and increased productivity,” the Company’s website states. The first pillar of the business model — extraction — is rooted in one of the core services Pure Extracts offers its customers. “Extraction is our business,” the Company stresses, noting that its Vitalis CO² Extraction systems produce full-spectrum oil, one of the purest and highest-quality oils available on the market. Pure Extracts aims for a capacity of more than 100,000 kg of biomass per year with a technique that has been tried and tested through the Company’s impressive industry experience. Pillar two — formulation & white-labeling — is accompanied by Pure Extracts’ industry-leading quality assurance. Many Licenced Producers (LPs) in Canada lack the financial wherewithal and the know-how required to successfully manufacture extracted cannabis products, hence the Company is uniquely equipped to offer a variety of different product formulations to other LPs, with each formulation having specific functionalities. Finally, the third pillar of Pure Extracts’ business model — cannabis and functional mushroom brand development. With the extraction market in Canada still relatively young, few companies are offering oil extraction services; adding their Pure Pulls branded products to the package makes Pure Extracts truly distinctive. The Company’s three-phase development plan outlines the strategic rollout of Pure Extracts product formulations, each of which is carefully composed of exclusive oils and blends of natural ingredients. With Pure Extract’s proven ability and perspective, the Company is uniquely positioned to leverage long-term experience in the space. “A successful business model represents a better way than the existing alternatives,” the HBR article reads. “It may offer more value to a discrete group of customers. Or it may completely replace the old way of doing things and become the standard for the next generation of entrepreneurs to beat.” Pure Extracts, along with its three-pillar business model, certainly looks to be leading forward to a better way of doing business in an industry that is barely beginning to realize its potential. Pure Extracts Technologies Corp., headquartered in Pemberton, British Columbia, is a privately held, plant-based extraction company with a new vertical in functional mushrooms. The firm is positioned to be a dominant extraction company and a leader in the rapid development and commercialization of recreational, functional and medicinal products. For more information on Pure Extracts, visit the company’s website at www.PureExtractsCorp.com. NOTE TO INVESTORS: The latest news and updates relating to Pure Extracts are available in the company’s newsroom at http://ibn.fm/Pure About QualityStocks QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them. QualityStocks (QS) Scottsdale, Arizona www.QualityStocks.com 480.374.1336 Office Editor@QualityStocks.com Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

 

• Gage expanding in Michigan, one of fastest-growing legal cannabis markets in United States
• Adult-use cannabis revenues in Michigan projected at $1 billion per year for 2021, surpassing $1.5 billion by 2023
• Gage currently operates 5 dispensaries, planning to open and operate 8-10 by the end of 2020, with 20+ expected to open by the end of 2021
• YTD revenue estimated at $30+ million, 157% increase from January to September 2020
• Gage planning Canadian listing for Q1 2021

Bruce Linton, a pioneer of the global cannabis industry and current executive chairman of Gage Cannabis Co., has set his sights on Michigan as the next big market for the rapidly growing cannabis industry in the United States. As a leading vertically integrated operator in the industry, Gage has already made significant headway into Michigan and is well-positioned to expand its footprint in record time.

“Michigan is one of the top cannabis markets in the U.S., and I am confident Gage is poised to continue building on its historical execution and fortifying its position as one of the top operators and brands in Michigan, as well as a name consumers look for across the United States,” said Linton in recent statements (https://ibn.fm/XUdw7).

Since the recreational use of cannabis was legalized in 2018, Michigan has emerged as one of the fastest-growing legal cannabis markets in the United States in terms of consumption. State budget planners have projected recreational marijuana to be worth nearly $1 billion per year in fiscal 2021 with revenues eclipsing $1.5 billion by 2023 (https://ibn.fm/36kc5).

“The recreational industry, once fully implemented, will have a significant impact on Michigan’s economy, with hundreds of millions of dollars in tax revenue flowing into state and local governments,” said Michigan Cannabis Industry Association Director Robin Schnedier, who played an active role alongside both public and private interests to write the 2018 voter-passed legalization law.

“We’ve already begun to see waves of hiring by cannabis businesses looking to fill these good-paying jobs, which will have a major impact on communities as these workers have money to spend on goods and services at their local small businesses.”

Gage has already made significant investments in the state, including 8-10 medical or adult-use dispensaries currently open or in the works with at least 10 more planned for 2021. Besides its retail operations, Gage engages in cultivation and processing through 19 Class C cultivation licenses across four cultivation assets and three processing licenses with plans to further expand its cultivation facilities in the future.

Gage is committed to providing an enhanced cannabis experience starting with top-quality plants that are grown indoors, trimmed by hand and hung to dry. Besides flowers, the company’s brand also includes other unique product types that include edibles, hardware, vaping devices and concentrates.

Alongside its own in-house brands, Gage also operates with several strategic and brand partners on an exclusive basis such as Cookies – one of the most iconic cannabis lifestyle brands from Northern California. With delivery services offered within a one-hour radius of its dispensaries, the company’s footprint spans an estimated 90% of Michigan’s population. Dispensaries were among the businesses deemed “essential” during the recent COVID-19 shutdowns, allowing all Gage and Cookies locations to remain open while offering curbside pickup.

Despite the global economic recession, Gage posted impressive financial results for 2020 that included sales of $5.8 million in Q1 which bloomed to $11.9 million by Q2. Management expects the trend to continue with estimates for Q3 surpassing $13.1 million, representing an increase of over 150% in sales from January to September 2020. The company is currently planning a Canadian listing for the first quarter of 2021 (https://ibn.fm/V73dL) and has launched a Regulation A, Tier 2, equity financing.

For more information on Gage Cannabis Co., visit the company’s website at www.GageUSA.com.

To learn more about the company’s Regulation A financing, visit www.GageInvestors.com.

NOTE TO INVESTORS: The latest news and updates relating to Gage Cannabis are available in the company’s newsroom at https://ibn.fm/GAGE

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php