Welcome to our dedicated page for Body And Mind news (Ticker: BMMJ), a resource for investors and traders seeking the latest updates and insights on Body And Mind stock.
Body and Mind Inc (BMMJ) operates retail cannabis dispensaries with strategic focus on operational efficiency and market expansion. This news hub provides investors and industry stakeholders with comprehensive updates on the company's retail operations, financial strategies, and regulatory compliance efforts in key U.S. markets.
Access official press releases detailing BMMJ's dispensary operations, asset management decisions, and market-specific developments. Our curated collection includes updates on California and Illinois retail expansions, New Jersey market entries, and operational streamlining initiatives designed to enhance shareholder value.
Key updates cover strategic divestitures, credit facility adjustments, and operational efficiency improvements. Stay informed about BMMJ's disciplined approach to retail cannabis operations through timely filings and market expansion announcements.
Bookmark this page for direct access to BMMJ's evolving retail strategy in the regulated cannabis sector. Check regularly for updates on store openings, operational optimizations, and financial developments shaping the company's multi-state presence.
Body and Mind (BMMJ) has secured a credit facility agreement with Bengal Catalyst Fund for up to US$2.3 million. The facility bears an 18% annual interest rate with a 5% original issuer discount and a 2-year maturity period. The company has also amended its existing convertible debentures, modifying the interest rate to 15% per annum. CEO Michael Mills highlighted that this financing will support development projects in Illinois and New Jersey, and mentioned a potential US$2.5 million payment expected in early 2025 from a previous Ohio dispensary sale contingency.
Body and Mind Inc. (CSE: BAMM) (OTC Pink: BMMJ) has announced the closing of a previously reported transaction involving the sale of its Ohio processor interests. The company's subsidiary, DEP Nevada, Inc., has sold all interests in NMG OH P1, , which operates the Body and Mind Ohio processor, to LMTB, for a total consideration of US$2 million in cash. This transaction, initially reported on September 6, 2023, has been completed with the cash received in early 2024. The sale price is subject to a working capital adjustment and other customary adjustments.
Body and Mind Inc. (CSE: BAMM, OTCQB: BMMJ) announced its Q3 2024 financial results, showing a revenue increase to $4.41 million from $4.17 million in Q3 2023. Gross profit also rose to $1.96 million from $1.93 million. Despite these gains, the company reported a net operating loss of $1.34 million, slightly higher than the $1.28 million loss in Q3 2023. However, net income improved to a loss of $2.54 million from $3.61 million. For the nine months ending April 30, 2024, revenue was $13.39 million, up from $13.24 million in the same period last year. The net operating loss for this period improved to $3.26 million from $3.83 million. Operational highlights include growth at the Markham, Illinois dispensary, completion of the Lynwood, Illinois dispensary pending final roadworks, and obtaining a New Jersey Annual license for a new dispensary in Lawrenceville.