Press Release: September 04, 2024 8:30 AM EDT
Las Vegas, Nevada and Vancouver, British Columbia–(Newsfile Corp. – September 4, 2024) – A multi-state operations-focused cannabis company, known as Body and Mind Inc., is pleased to announce that its wholly owned subsidiary, DEP Nevada, Inc. has successfully completed the sale of all its interests in the Body and Mind Ohio processor for a total consideration of US$2 million in cash. The transaction was finalized in early 2024.
Details of the Transaction
The sale involved transferring all the issued and outstanding interests in NMG OH P1, LLC, the entity that owns and operates the Body and Mind Ohio processor, to a Purchaser in exchange for US$2 million. This amount is subject to a working capital adjustment and other customary adjustments.
About Body and Mind Inc.
Body and Mind Inc. is an operations-focused cannabis company that currently operates retail establishments in Illinois and California, with additional pending retail operations in Illinois and New Jersey. The company is committed to enhancing its market share through exceptional customer service and operational efficiency to drive profitability. Body and Mind Inc. is focused on maximizing return on investment through successful retail cannabis store launches, particularly in Illinois and New Jersey.
For more information, please visit the company’s website at www.bodyandmind.com
Disclaimer: Neither the Canadian Securities Exchange nor its Market Regulator accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements in this news release constitute forward-looking statements that involve risks, uncertainties, and other factors that may cause actual results to differ materially from projected outcomes. The company does not guarantee that its expectations will be achieved and advises readers not to place undue reliance on forward-looking statements. Factors that may impact actual results can be found in the company’s filings with the Securities and Exchange Commission.
To view the original source of this press release, please visit https://www.newsfilecorp.com/release/222091
