Sound Body Sound Mind

Body and Mind Provides Corporate Update

Retrieved on: 
Tuesday, April 18, 2023
CSE, DEP, Marketing, Mind, NMG, BAMM, Sound Body Sound Mind, Body

"We are excited to receive our temporary occupancy permit for the Markham dispensary and are expecting to open our first Illinois dispensary within the next weeks", stated Michael Mills, CEO of Body and Mind.

Key Points: 
  • "We are excited to receive our temporary occupancy permit for the Markham dispensary and are expecting to open our first Illinois dispensary within the next weeks", stated Michael Mills, CEO of Body and Mind.
  • "Our development team has completed the buildout of the new operation within tight timelines and budgets and our experienced managers and leaders from other Body and Mind operations have been integral to set up, hiring, marketing and standing up the new operation.
  • We are looking forward to bringing our exceptional customer service, cannabis knowledge, and product selection to the Markham area.
  • As part of that strategy, we have executed definitive documents to divest our Michigan Body and Mind dispensary to a third-party."

Body and Mind Announces Q2 2023 Financial Results

Retrieved on: 
Thursday, March 23, 2023
Total, Tax, GAAP, Tenant, Sale, Asset, EBITDA, Acquisition, Liability, Longest increasing subsequence, Depreciation, Growth, Adjustment, Sound Body Sound Mind, Body & Brain, Pharmaceutical industry, Bookkeeping

In Arkansas we expanded Body and Mind branded product offerings with new Body and Mind branded vape cartridges joining our wide existing product offerings including craft flower and concentrates."

Key Points: 
  • In Arkansas we expanded Body and Mind branded product offerings with new Body and Mind branded vape cartridges joining our wide existing product offerings including craft flower and concentrates."
  • Q2 FY 2023 Financial Highlights:
    Revenues for Q2 FY 2023 were $7.7 million, a slight decrease over Q1 FY 2023 revenues of $7.8 million.
  • Gross profit of $2.26 million for Q2 FY 2023 compared to a gross profit of $1.6 million for Q1 FY 2023.
  • Q2 FY 2023 net operating loss was $1.8 million compared to Q1 FY 2023 net operating loss of $2.0 million.

Body and Mind Provides Update on Illinois Dispensaries

Retrieved on: 
Tuesday, February 28, 2023
NMG, BAMM, Finance, CSE, Bam, DEP, Illinois Department of Financial and Professional Regulation, Mind, Sound Body Sound Mind, Drug, Body

The Body and Mind branded retail store is situated in a high-traffic location with plentiful parking.

Key Points: 
  • The Body and Mind branded retail store is situated in a high-traffic location with plentiful parking.
  • "We believe that the state of Illinois is broadly underserved when it comes to adult use retail outlets, and we are excited to help alleviate that by advancing our first dispensary in the state.
  • We are looking forward to bringing our retail operation experience to the Illinois market and have developed strong relations with national and Illinois-based brands to ensure our customers have a wide choice of proven, tested cannabis offerings," stated Michael Mills, CEO of Body and Mind.
  • The second dispensary, located in the Southern Chicago area, has already received community approval from the village of Lynwood.

Body and Mind Announces (October 2022) Q1 2023 Financial Results

Retrieved on: 
Wednesday, January 25, 2023
Sound Body Sound Mind, Adjustment, Mind, GAAP, Bank statement, Asset, EDGAR, Marex (British company), Liability, Total, Growth, Depreciation, Tax, Acquisition, Longest increasing subsequence, SEDAR, Pharmaceutical industry, Bookkeeping, Cryptocurrency

Submitted New Jersey state license application in conjunction with BaM Body and Mind Dispensary NJ, Inc. f/k/a CraftedPlants NJ, Inc. Commenced design, architectural and planning work for the New Jersey location.

Key Points: 
  • Submitted New Jersey state license application in conjunction with BaM Body and Mind Dispensary NJ, Inc. f/k/a CraftedPlants NJ, Inc. Commenced design, architectural and planning work for the New Jersey location.
  • Q1 FY 2023 Financial Highlights:
    Revenues for Q1 FY 2023 were $7.8 million, a 3.4% increase over Q1 FY 2022 revenues of $7.6 million.
  • Gross profit of $1.6 million for Q1 FY 2023 compared to a gross profit of $3.2 million for Q1 FY 2022.
  • Q1 FY 2023 net operating loss was $2.0 million compared to Q1 FY 2022 net operating loss of $0.3 million.

Body and Mind Announces Fiscal Year End (July) 2022 Financial Results

Retrieved on: 
Wednesday, January 18, 2023
Bam, EBITDA, Tax, Asset, Liability, GAAP, Total, Evaluation, Adjustment, Calendar, Aphria (company), FY, Sound Body Sound Mind, Cannabis, Depreciation, Acquisition, Reef, Security (finance), Reinsurance, Bookkeeping, Body

Completed acquisitions of The Reef dispensary in Seaside, California and the Body and Mind-branded dispensary near Cleveland, Ohio.

Key Points: 
  • Completed acquisitions of The Reef dispensary in Seaside, California and the Body and Mind-branded dispensary near Cleveland, Ohio.
  • Commenced Ohio processing operations to bring Body and Mind branded products to the Ohio medical cannabis market.
  • In order to improve the timeliness of our financial reporting we are in the process of making modest additions to our accounting team.
  • FY 2022 net operating loss was $3.5 million compared to FY 2021 net operating income $0.6 million.

Body and Mind Inc. Closes Strategic Capital Raise and Enters New Jersey Market

Retrieved on: 
Thursday, December 22, 2022
Mergers and acquisitions, Sound Body Sound Mind, Tripura Merger Agreement, Debenture, National instrument, News, Tenant, Cannabis, CRC, BAMM, Mind, Warrant, Sellers, DEP, CAD, Regulation D, Rule, Bam, Accident, Growth, Multimedia, Maturity, Asset purchase agreement, Sale, Acquisition, New Board, Canadian Securities Exchange, Security (finance), CSE, Form, LP, Finance Secretary (India), Real estate, Drug, 3D printing, Online shopping

"We are thrilled to have the team at Bengal Capital transition from being a supportive shareholder to a strategic partner," stated Michael Mills, CEO of Body and Mind.

Key Points: 
  • "We are thrilled to have the team at Bengal Capital transition from being a supportive shareholder to a strategic partner," stated Michael Mills, CEO of Body and Mind.
  • Additionally, through our acquisition of CraftedPlants NJ, we are on a path to establishing a presence in New Jersey with another great location and opportunity for growth.
  • So, we were pleased to have the opportunity to work with Michael and the rest of the BaM team to help enable their Illinois retail activation and New Jersey market entry.
  • Mr. Mills commented: "We are excited to enter the New Jersey market and look forward to working towards full adult use licensure.

Cannabis Community College Announces a New Online Education Platform

Retrieved on: 
Wednesday, September 7, 2022
Education, Cannabis, HR, Student, Conor Gorman, Compliance, Sound Body Sound Mind, Knowledge, CCC, Drug, Medicine

LAS VEGAS, Sept. 7, 2022 /PRNewswire/ -- Cannabis Community College is pleased to announce the launch of its new online education platform, featuring high-value classes taught by industry experts.

Key Points: 
  • LAS VEGAS, Sept. 7, 2022 /PRNewswire/ -- Cannabis Community College is pleased to announce the launch of its new online education platform, featuring high-value classes taught by industry experts.
  • Cannabis Community College was developed by industry experts for job seekers and employees of the cannabis industry.
  • Cannabis Community College was specifically developed for job seekers, employees, and enthusiasts of the cannabis industry.
  • Students and graduates from Cannabis Community College also have access to their online community , various clubs such as the Global Cannabis Industry Networking Group, and live educational webinars.

Body and Mind Reports Q3 FY2022 Financial Results

Retrieved on: 
Tuesday, June 21, 2022
BLS, Tax, Finance, Mission statement, Conditional, CEO, Illinois Department of Financial and Professional Regulation, SEDAR, Company, Sound Body Sound Mind, Depreciation, CSE, Ownership, Acquisition, News, BAMM, Liability, Bam, Social equity, Adjustment, GAAP, Asset, EDGAR, Total, Mind, Income, Biomass, Reinsurance, Potash, Online gambling, Hospital, Renewable energy, Financial adviser, Body, BC

LAS VEGAS and VANCOUVER, BC, June 21, 2022 /PRNewswire/ - Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) (the "Company" or "BaM"), a multi-state US cannabis operator, is pleased to report its financial results for the third fiscal quarter ended April 30, 2022.

Key Points: 
  • LAS VEGAS and VANCOUVER, BC, June 21, 2022 /PRNewswire/ - Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) (the "Company" or "BaM"), a multi-state US cannabis operator, is pleased to report its financial results for the third fiscal quarter ended April 30, 2022.
  • Received first concentrate extracts from third-party extractor using Body and Mind biomass;
    Cultivation operations achieved steady state of operations with flower and extracted product sales through wholesale to other dispensaries and sales in the attached Body and Mind dispensary.
  • Expended brands and offerings at the Body and Mind dispensary in Muskegon;
    Paused the Manistee cultivation and production facility construction for evaluation.
  • "Our team continues to expand retail and wholesale operations as our newer facilities in Ohio, Arkansas and Michigan ramp up with increased product offerings," stated Michael Mills, CEO of Body and Mind.

Body and Mind Provides Corporate Update

Retrieved on: 
Thursday, April 7, 2022
Emerald, Orgasm, Company, California Roots Music and Arts Festival, SAN, Canadian Securities Exchange, Oil, Sale, BAMM, Reef, Multimedia, AR, Timeline of cannabis laws in the United States, Accident, Body, Conference, Mind, Lucky 7, U.S. Securities and Exchange Commission, House, Seaside, View, Security (finance), GOP, Time, Bam, Phrase, Northern California, News, Sound Body Sound Mind, Democrat, CSE, Renewable energy, Drug, 3D printing, Online shopping, Risk management, BC

The Company has recently completed rebranding of the San Diego dispensary from a ShowGrow branded dispensary to a Body and Mind branded dispensary.

Key Points: 
  • The Company has recently completed rebranding of the San Diego dispensary from a ShowGrow branded dispensary to a Body and Mind branded dispensary.
  • The San Diego rebranding follows the successful rebranding of the Long Beach dispensary earlier this year and creates stronger alignment with Body and Mind brand marketing as well as the Body and Mind rewards program.
  • Body and Mind is preparing for a busy 4/20 week in Nevada and will be participating in numerous programs with local dispensaries to promote Body and Mind branded offerings.
  • The cultivation in Arkansas has completed pheno-hunting across all Body and Mind proprietary strains and has achieved perpetual harvest scheduling with strong demand for Body and Mind branded flower.

AUDACIOUS REPORTS FISCAL Q3 2022 FINANCIAL RESULTS

Retrieved on: 
Wednesday, March 2, 2022
APIS, Herb, LDA, Sound Body Sound Mind, Tsunami, PBR, United Arab Emirates, NR, ALPS, NRF, Awareness, Growth, Advertising, Company, GTH, Acquisition, GT, Audacious, E-commerce, PBR Global Cup, Marketing, Association, TCS, Professional Bull Riders, CBD, Review, Partnership, Fine chemical, Video game, Online shopping, Cocoon

The Company is following rigorous financial discipline and anticipates reducing certain operating expenses in the coming months.

Key Points: 
  • The Company is following rigorous financial discipline and anticipates reducing certain operating expenses in the coming months.
  • Total revenues of $2.37 million, an increase of 2,623% year-over-year from $90,378 in the third fiscal quarter of 2021 and even grew 4% compared to the second quarter of fiscal quarter of 2022.
  • Gross profit for the fiscal second quarter of 2022 was $1.84 million compared to a gross profit loss of ($166k) in the comparable period of 2021 and increased by 51% from the second fiscal quarter of 2022.
  • The Company will be hosting a conference call to discuss its results for the quarter on Wednesday, March 2, 2022, at 11am ET.