In a press statement, CEO Fabian Monaco said the inclusion would expose the company to more investors as it seeks to extend its growth. Elsewhere, AdvisorShares has over $1 billion in assets under management with a sole focus on the United States companies.
Gage growth cuts down on losses
Gage Growth, operating in Michigan, recently announced it had generated $39.9 million in revenue for the 2020 fiscal year. The revenue represents a staggering 1,972% year-over-year growth. The firm also ended the year with over $45 million in cash. Furthermore, Gage Growth recorded a net loss of $29.8 million for the 2020 full year an improvement. In 2019, the net loss stood at $75 million. Moving forward, Gage Growth is seeking to expand its services by opening five more cultivation facilities this year from the current eight with plans to extend its retail footprint by opening at least 20 more locations in 2021.
