01:08:35 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Body and Mind Inc
Symbol BAMM
Shares Issued 47,704,317
Close 2019-08-22 C$ 0.84
Market Cap C$ 40,071,626
Recent Sedar Documents

Body and Mind appoints Mills as president, interim CEO

2019-08-22 10:33 ET - News Release

Mr. Michael Mills reports

BODY AND MIND ANNOUNCES EXPANSION AND CHANGES TO MANAGEMENT TEAM

Body and Mind Inc. has provided the following update to management changes to enhance continued growth.

The company is pleased to announce management changes that will enhance its ability to better manage its growth platforms. The company is proud of its reputation as a good steward of capital and believes the new management structure will allow Body and Mind to efficiently advance numerous opportunities to grow the company.

The company has decided to split the roles of the chief executive officer (CEO) into two full time roles, a full-time United States-based chief executive officer and a president. The newly created role of president will carry out the responsibilities of capital markets functions, investor relations, marketing and public relations from the head office in Canada. "I'd like to congratulate Mike Mills on his promotion to the new role of president. I am confident Mike will be as successful in this role as he was in his prior role with us as vice-president, communications," quoted Leonard Clough, director.

In addition, the board of directors has unanimously agreed that the new chief executive officer role will be relocated to the United States to better address the growing management requirements that span over four states. As a result, Mr. Clough has stepped down as chief executive officer and will continue to act in an advisory capacity to the Body and Mind management team, while Mr. Mills has been appointed as interim chief executive officer until the board of directors has selected and appointed the new chief executive officer. "I'm extremely proud of what we have accomplished to date, but it wasn't without the assistance of the most dedicated team who put their own personal interests behind those of the company and shareholders at all times. We will also ensure that any incoming CEO fully subscribes to the BaM ethos of paying attention to the smallest of details. This, in my opinion, has been the reason for our success. I look forward to continuing to advise the company with a focus on building shareholder value through acquisitions and accretive business opportunities. I also look forward to remaining on the board of directors and working with my fellow directors," stated Leonard Clough, director.

To address the increasing United States financial reporting requirements of a high-growth company, Body and Mind is pleased to announce that Dong Shim has been appointed as the new chief financial officer and Darren Tindale has stepped down as chief financial officer and has been appointed as the corporate secretary. "Mr. Shim is a highly experienced business leader with U.S. CPA experience and accreditation. Mr. Shim brings a wealth of experience in the capital markets and a long history with the company that includes being a current director of Body and Mind. The numerous projects under way will require additional accounting and reporting as we add attributable revenue over the next quarters," stated Robert Hasman, board member of Body and Mind. "We would like to sincerely thank Darren Tindale for his tireless work as CFO and we are pleased that Mr. Tindale will continue to be part of the Body and Mind management team in his new appointment as corporate secretary."

"On behalf of the directors, officers and shareholders of Body and Mind, I would like to extend our appreciation to Mr. Clough for his contributions to the company. He has been a great leader with a tireless work ethic and a total commitment to simply getting it done. I look forward to his continued involvement as a consultant and/or adviser," stated Mr. Hasman. "We have initiated a search for a U.S.-based CEO who can elevate the Body and Mind management team and support ongoing expansion initiatives and strategy."

About Body and Mind Inc.

Body and Mind is a well-capitalized publicly traded company investing in high-quality medical and recreational cannabis cultivation, production and retail. Body and Mind has a strategic investment by Australis Capital Inc. Its wholly owned Nevada subsidiary was awarded one of the first medical marijuana cultivation licences and holds cultivation and production licences.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.