Gage Growth Corp (CSE: “GAGE” and OTC: “GAEGF”)
State of Michigan, 3rd Judicial Circuit, Wayne County, Court File No: CV-20-016162-CB
This shareholder dispute relates to the Defendant’s subsidiary and affiliate entering into multiple service contracts with the Plaintiff in exchange for 5% of the net sales linked to Gage’s cannabis dispensaries located in Lansing and Traverse City, Michigan.
On March 26, 2021, Gage released its prospectus and on April 6, 2021, its subordinate voting shares commenced trading on the Canadian Securities Exchange. The prospectus did not disclose that Spartan Partners Services LLC, formed on January 11, 2019, and Terra Capital Industries had these contracts with Plaintiff. On September 1, 2021, Gage announced that it entered into an arrangement with TerrAscend Corp. whereby TerrAscend will acquire all the issued and outstanding subordinate voting shares.
The Plaintiff’s complaint with exhibits can be downloaded below:
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