OTC-QB:BMMJ

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 Appoints Josh Rosen to Board of Directors

Retrieved on: 
Thursday, February 2, 2023
BAMM, ABN AMRO, ABN, Bodies and Minds, Acquisition, Patient, Girls Venture Corps Air Cadets, Cannabis, Credit Suisse, Mind, Growth, CSE, Management, Drug, Body

LAS VEGAS and VANCOUVER, BC, Feb. 2, 2023 /PRNewswire/ - Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) (the "Company" or "BaM"), an operations-driven multistate cannabis company, is pleased to announce the appointment of Josh Rosen to its board of directors.

Key Points: 
  • LAS VEGAS and VANCOUVER, BC, Feb. 2, 2023 /PRNewswire/ - Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) (the "Company" or "BaM"), an operations-driven multistate cannabis company, is pleased to announce the appointment of Josh Rosen to its board of directors.
  • Mr. Rosen is managing partner at Bengal Capital as well as interim president of Goodness Growth (CSE: GDNS; OTCQX: GDNSF).
  • "We are excited to welcome Josh Rosen to our board of directors as we continue advances into the key markets of Illinois and New Jersey," stated Michael Mills, CEO of Body and Mind.
  • "I'd like to express my deep gratitude to Dong Shim who has been a board member and an integral part of the Body and Mind team for many years," stated Michael Mills, CEO of Body and Mind.

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. Updates Progress in Filing Financial Statements

Retrieved on: 
Thursday, January 5, 2023
CSE, CFO, Audit

LAS VEGAS and VANCOUVER, BC, Jan. 5, 2023 /PRNewswire/ - Body and Mind Inc. (CSE: BAMM.US) (OTCQB: BMMJ) (the "Company" or "BaM") is providing an update regarding its delayed annual financial statements for the year ended July 31, 2022, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the "2022 Annual Financial Filings").

Key Points: 
  • LAS VEGAS and VANCOUVER, BC, Jan. 5, 2023 /PRNewswire/ - Body and Mind Inc. (CSE: BAMM.US) (OTCQB: BMMJ) (the "Company" or "BaM") is providing an update regarding its delayed annual financial statements for the year ended July 31, 2022, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the "2022 Annual Financial Filings").
  • Although the audit process is substantially complete, the additional final procedures include (i) final approval from an external valuation consultant for the auditor, (ii) updating a tax provision and (iii) final internal QC (quality control) sign-off from the auditor.

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.

Body and Mind Inc. Updates Progress in Filing Financial Statements

Retrieved on: 
Thursday, December 22, 2022
CFO, Bam, Security (finance), Accident, CSE, News, Multimedia, BAMM, National Policy, Sale, Canadian Securities Exchange, Audit, 3D printing, Online shopping

The Company and auditors are working closely to complete the 2022 Annual Financial Filings and will continue to provide updates in accordance with National Policy 12-203 Management Cease Trade Orders.

Key Points: 
  • The Company and auditors are working closely to complete the 2022 Annual Financial Filings and will continue to provide updates in accordance with National Policy 12-203 Management Cease Trade Orders.
  • There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.
  • Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/body-and-mind-inc-updates-progr...
    SOURCE Body and Mind Inc.

Body and Mind Provides Corporate Update

Retrieved on: 
Thursday, December 8, 2022
Emerald, Security (finance), Accident, Oil, CSE, Sale, Northern California, Clear Body, Clear Mind, Timeline of cannabis laws in the United States, News, Multimedia, BAMM, Bam, Mind, Canadian Securities Exchange, 3D printing, Online shopping, Risk management

"We have been operating the Seaside "Reef" dispensary since December 2021 and the retail location is an important aspect of our California retail strategy," stated Michael Mills, CEO of Body and Mind.

Key Points: 
  • "We have been operating the Seaside "Reef" dispensary since December 2021 and the retail location is an important aspect of our California retail strategy," stated Michael Mills, CEO of Body and Mind.
  • "The "Reef" dispensary in Seaside has a great location, strong customer following and compliments our successful San Diego, Body and Mind branded dispensary and Long Beach dispensary."
  • About Body and Mind Inc.
    BaM is an operations focused multi-state operator investing in high quality medical and recreational cannabis cultivation, production and retail.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/body-and-mind-provides-corporat...
    SOURCE Body and Mind Inc.