Bruce Linton-led Gage Cannabis plans Canadian listing in Q1Posted by On

(Reuters) – Bruce Linton-led Gage Cannabis Co plans to list on the Canadian stock market in the first quarter of 2021, its president told Reuters, as the U.S.-based dispensary operator looks to capitalize on strong demand for weed during lockdowns.

FILE PHOTO: Bruce Linton, Founder and Co-CEO of Canopy Growth, speaks to CNBC on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 7, 2019. REUTERS/Brendan McDermid

Linton joined Gage as executive chairman in 2019, months after being ousted from the board of Canopy Growth Corp WEED.TO – a business he founded in 2013, took public the next year and transformed into the most valued cannabis company through a string of deals. (reut.rs/30rhknz)

Gage, which currently focuses solely on the Michigan market, is expecting sales of around $13.2 million in the third quarter, up 11% from the previous three months.

“We have seen tremendous growth in the Michigan market in 2020 and Gage has been diligent in capturing that growth…

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