Gage Announces Extension of Licensing Agreement with COOKIES in Michigan
2-Year extension of licensing agreement to 2026 provides Gage with the exclusive rights in Michigan to cultivate, manufacture, and distribute Cookies products as well as operate Cookies branded dispensaries
DETROIT, MICHIGAN - August 25, 2021 // - Gage Growth Corp. (“Gage” or the “Company”) (CSE: GAGE), a leading high-quality premium cannabis brand and operator in Michigan, today announced that they have entered into an amended and new licensing agreement with Cookies, one of the most well-respected, top-selling and premier cannabis brands extending their partnership from 2024 to 2026.
The amended licensing agreement with Cookies will extend its exclusive partnership for another two years on top of the original five-year exclusivity and will introduce “Cookies Corners”, a store-within-a-store concept to the state of Michigan. The deal provides Gage and Cookies with full coverage of the Michigan market, with a target goal of opening 12 Cookies branded retail dispensaries and Cookies Corners in all Gage stores by the end of 2024. The Company expects that this extension will establish Michigan as the strongest Cookies market outside of California.
“We are excited to continue this journey with the Cookies family as we extend our exclusive licensing agreement,” said Fabian Monaco, CEO of Gage. “We look forward to continue working with the entire Cookies team to produce and supply the best cannabis products in Michigan, now, and for years to come.”
This announcement solidifies the partnership held between Gage and Cookies in Michigan. The Company will continue to evaluate further partnership opportunities with Cookies in other markets in the United States.
“After performing at the Michigan cannabis cup a few years ago, I got a chance to really understand how important the Michigan market was to the industry and shortly after, chose Michigan as the first state to open a Cookies store outside of California,” said Berner, Co-Founder and CEO of Cookies. “Since then, we have developed an amazing relationship with Gage and they fully understand and respect the vision, brand, and standards when it comes to quality. With the Cookies Detroit 8 Mile location being one of our highest performing stores, we have decided to expand Cookies’ footprint throughout the state. The Michigan market has welcomed us with open arms and for that I'm extremely humbled. We are working on developing exclusive menus for Michigan and we can’t wait to release them in our new stores.”
About Gage
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).
For more information about Gage Growth Corp., visit www.gagecannabis.com or www.gageinvestors.com.