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Body and Mind Inc
Symbol BAMM
Shares Issued 101,698,593
Close 2020-12-31 C$ 0.49
Recent Sedar Documents

Body and Mind receives MCTO for late Q1 financials

2020-12-31 19:32 ET - News Release

Mr. Michael Mills reports

BODY AND MIND ANNOUNCES DELAY IN FILING INTERIM FINANCIAL STATEMENTS

Body and Mind Inc.'s interim financial statements for the three-month period ended Oct. 31, 2020, including the related management discussion and analysis, and chief executive officer and chief financial officer certifications, were not filed as required under Canadian securities legislation by the required filing deadline of Dec. 30, 2020.

The company has determined that it was not able to meet the Dec. 30, 2020, filing deadline under Canadian securities legislation for the Oct. 31, 2020, interim financial filings. Although the review process is progressing, the company anticipates some delays in completing the review process, such that the company is not able to meet the filing deadline for the Oct. 31, 2020, interim financial filings. The company is taking pro-active measures to address delays, and the company is working to complete the interim financial filings as soon as possible.

The company has applied to the applicable Canadian securities regulatory authorities, and received a management cease trade order related to the company's securities to be imposed against the chief executive officer and chief financial officer of the company to trade securities of the company. The management cease trade order will be in effect until the Oct. 31, 2020, interim financial filings are filed, and requires that the Oct. 31, 2020, interim financial filings be filed on or before Jan. 28, 2021.

Until the October, 2020, interim financial filings are filed, the company intends to provide information in accordance with National Policy 12-203 -- Management Cease Trade Orders.

About Body and Mind Inc.

Body and Mind is an operations-focused, multistate operator investing in high-quality medical and recreational cannabis cultivation, production and retail. Body and Mind's wholly owned Nevada subsidiary was awarded one of the first medical marijuana cultivation licences, and holds cultivation and production licences. Body and Mind products include dried flower, edibles, oils and extracts as well as GPEN Gio cartridges. Body and Mind cannabis strains have won numerous awards, including the 2019 Las Vegas Weekly Bud Bracket, Las Vegas Hempfest Cup 2016, High Times Top Ten, the NorCal Secret Cup and the Emerald Cup.

Body and Mind continues to expand operations in Nevada, California, Arkansas and Ohio, and is dedicated to increasing shareholder value by focusing time and resources on improving operational efficiencies, facility expansions, pursuing state licensing opportunities, and mergers and acquisitions.

We seek Safe Harbor.

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