13:18:40 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Body and Mind Inc
Symbol BAMM
Shares Issued 146,636,974
Close 2024-01-04 C$ 0.105
Market Cap C$ 15,396,882
Recent Sedar Documents

Body and Mind closes Markham dispensary transaction

2024-01-05 09:44 ET - News Release

Mr. Michael Mills reports

BODY AND MIND ANNOUNCES CLOSING OF MARKHAM ILLINOIS DISPENSARY TRANSACTION

Body and Mind Inc. has received final approval from the Illinois Department of Financial and Professional Regulation (IDFPR) regarding ownership of NMG IL4 LLC, a wholly owned subsidiary of Body and Mind. Approval from the IDRPR regarding the ownership change was the final closing condition of the NMG IL4 transaction. The NMG IL4 subsidiary owns the assets of the Markham, Ill., dispensary which was opened in April, 2023, and continues to show increasing customer traffic and transactions.

The Markham dispensary is conveniently located near the intersection of highways I-57, I-294 and I-80 with over 400,000 cars per day passing within a mile of the dispensary. The dispensary is a full-service cannabis dispensary offering a wide range of brands and cannabis offerings including edibles, flower, vaping products, concentrates, capsules, tinctures, topicals and accessories. The new location offers convenient on-line ordering for expedited pickup and customers can order in advance by visiting the Body and Mind website.

About Body and Mind Inc.

Body and Mind is an operations-focused cannabis company with active retail operations in Arkansas, Illinois and California, pending retail operations in New Jersey, and craft cultivation and/or processing operations in Nevada and Arkansas. It works daily to increase its market share through delighting customers while also continuing to hone its operational efficiencies to drive profits. The company is primarily guided by the metric of return on investment. Currently, Body and Mind believes the most significant return on investment projects in front of it are successful retail cannabis store launches in Illinois and New Jersey, which augment its existing retail footprint. It also believes that its team's core operational skill sets will create significant future shareholder value as the cannabis industry matures.

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