Wolverine Partners Corp. (d.b.a. Gage Cannabis Co.) (the “Company” or “Gage”), one of Michigan’s leading craft cannabis and brand platforms, today announced the proposed change of its corporate name to Gage Growth Corp. and addition of Bruce Linton, who will be appointed to the role of Executive Chairman. The changes are expected to be made effective in connection with the closing of Gage’s proposed acquisition of Rivers Innovations Inc. (“Innovations”).
Bruce Linton will join Gage following his industry pioneering tenure as founder and CEO of Canopy Growth Corporation (“Canopy”) (TSX: WEED), (NYSE: CGC), which established itself as one of the world’s leading medical and recreational cannabis companies under his entrepreneurial leadership. Bruce led Canopy from its inception, and grew the company to becoming a $20 billion enterprise, employing over 4,000 people, operating in more than a dozen countries, and executing in excess of $6 billion in financing and strategic transactions. As one of the industry’s most recognized global thought leaders, Mr. Linton has been credited with helping to establish Canada’s medical and recreational cannabis markets, and playing a contributing role in the emergence of regulated cannabis markets around the world.
“I cannot express how excited I am to be joining the Gage team and family,” said Bruce Linton. “Gage’s approach to the cultivation, processing and provisioning of quality cannabis products and brands has established them as a leader in the state of Michigan. I look forward to leveraging my relationship networks and experiences to play a significant role with Gage as they continue to accelerate their expansion throughout the state.”
“Bruce brings unrivaled cannabis industry experience and a proven track record of success to our company,” said Fabian Monaco, President of Gage. “With his insight and leadership, we expect to enhance the support we offer our medical patients around the state of Michigan. Bruce’s vigor, knowledge, and passion for this business will be key drivers in continuing Gage’s growth throughout Michigan and beyond.”
The appointment of Mr. Linton will be made in connection with the Company’s agreement to acquire Innovations, an investment vehicle formed to invest and partner strategically with private company operators in the US cannabis sector. Mr. Linton will assume the responsibilities of his role at Gage immediately upon completion of the acquisition.
Completion of the acquisition of Innovations is anticipated in early October and is subject to, among other things, execution of mutually agreeable definitive agreements and the satisfaction or waiver of any conditions precedent to the consummation of the transaction (including the receipt of any requisite regulatory and shareholder approvals).
ABOUT WOLVERINE PARTNERS CORP. (d.b.a. GAGE CANNABIS CO.)
Wolverine Partners Corp. (d.b.a. Gage Cannabis Co.) is an industry innovator, curating high-quality cannabis experiences for patients in the state of Michigan and bringing internationally renowned brands to market. Through years of progressive industry experience in regulated cannabis markets, Gage’s team of founding partners have successfully built and developed operations in multiple states and countries, including cultivation, processing and retail businesses in both medical and adult-use markets. Gage’s current portfolio includes a variety of exclusive brands that are supported and distributed through the Company’s city and state approved 19 “Class C” cultivation licenses, 3 processing licenses and 13 provisioning centers.
To learn more, please visit GageUSA.com.
Cautionary Note Regarding Forward-Looking Information and Statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but is not limited to, statements regarding the appointment of Bruce Linton as Executive Chairman and completion of the acquisition of Innovations (including the terms thereof, the entering into of definitive documentation and closing conditions).
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
SOURCE Wolverine Partners Corp. (d.b.a. Gage Cannabis Co.)
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Media Contact: Jordan Walker, firstname.lastname@example.org; Investor Contact: Fabian Monaco, email@example.comCopyright CNW Group 2019
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