Mr. Michael Mills reports

BODY AND MIND ANNOUNCES DELAY IN FILING ANNUAL FINANCIAL STATEMENTS

Body and Mind Inc.'s annual financial statements for the year ended July 31, 2024, including the related management discussion and analysis, and certifications of the chief executive officer and chief financial officer (collectively, the 2024 annual financial filings) will not be filed as required under Canadian securities legislation by the required filing deadline of Nov. 28, 2024.

In discussion with its auditor, the company has determined that it is not able to meet the Nov. 28, 2024, filing deadline under Canadian securities legislation for the 2024 annual financial filings. Although the audit process is substantially complete, the additional financial procedures include (i) final approval of an external accounting memorandum for the auditor, (ii) application of additional audit procedures (as needed) to assess independent conclusions, and (iii) final internal QC sign-off from the auditor. Therefore, the company is not able to meet the filing deadline for the 2024 annual financial filings. The company is in the process of engaging an external accounting consultant to add to the company's resources in order to achieve future filing deadlines.

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 2024 annual financial filings are filed, and requires that the 2024 annual financial filings be filed on or around Dec. 9, 2024.

Until the 2024 annual 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 cannabis company which operates retail cannabis dispensaries in California and Illinois, and pending retail operations in Illinois and New Jersey. It works daily to increase its market share through delighting customers while also continuing to hone its operational efficiencies to drive profits. It is primarily guided by the metric of return on investment. Currently, the company 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.

We seek Safe Harbor.