Body & Mind INC 8-K filings

Body and Mind Inc. has agreed to sell its New Jersey cannabis dispensary subsidiary, BaM Body and Mind Dispensary NJ, Inc., to Ascend New Jersey, LLC and a social equity partner for a total cash consideration of $2.0 million.

Body and Mind Inc. has agreed to sell its majority interest in NMG San Diego, LLC, which operates the Body and Mind San Diego dispensary, for $1.6 million.

Body and Mind Inc. has provided updates on two significant asset dispositions, including a secured promissory note for an advance payment and a delayed, contingent promissory note tied to an ongoing tax dispute.

Body and Mind Inc. has agreed to sell its Long Beach dispensary, NMG Long Beach, LLC, to SGC Retail Partners, LLC for $856,250.

Body and Mind Inc. amends its credit facility with Bengal Catalyst Fund, increasing the interest rate and allowing for a revolving credit balance, while also announcing the grand opening of its Lynwood, Illinois dispensary.

Body and Mind Inc. announces it will restate previously issued financial statements for Q2 and Q3 2024 due to errors related to a variable interest entity and management fee income.

Rubino Ventures IL, LLC enters into agreements to manage and acquire NMG IL 1, LLC and NMG IL 4, LLC, Illinois cannabis dispensaries, for a total purchase price exceeding $5 million, plus potential earnout payments.

Body and Mind Inc. (BaM) is selling its Illinois cannabis assets to Dutchess Cannabis for $5 million in cash and a potential earnout, aiming to strengthen its balance sheet and fund its New Jersey dispensary construction.

Body and Mind Inc. announces a cease trade order from the British Columbia Securities Commission due to delayed financial filings and the resignation of director Josh Rosen.

Body and Mind Inc. has issued an update regarding the delay in filing its annual financial statements for the year ended July 31, 2024, citing ongoing audit procedures.

DEP Nevada Inc. has entered into a series of agreements to finalize the sale of Nevada Medical Group, LLC to Fox Farms LLC, including a new side agreement and trademark license.

Body and Mind Inc. has updated its investors on the divestment of its Nevada operations, the upcoming opening of its Illinois dispensary, and the status of its delayed financial statements.

Body and Mind Inc. has issued an update regarding the delay in filing its annual financial statements for the year ended July 31, 2024, citing final audit procedures as the cause.

Body and Mind Inc. has issued an update regarding the delay in filing its annual financial statements for the year ended July 31, 2024, citing ongoing audit procedures.

Body and Mind Inc. has announced a delay in filing its annual financial statements for the year ended July 31, 2024, due to additional audit procedures.

Body and Mind Inc. has entered into a $2.3 million credit facility with Bengal Catalyst Fund, LP, and amended its existing convertible debentures to improve its financial position.

Body and Mind Inc. has completed the sale of its Ohio-based membership interests for $2 million, finalizing a deal initially agreed upon in September 2023.

Body and Mind Inc. has completed the sale of its Ohio cannabis processor for $2 million in cash, received earlier in 2024.

Body and Mind Inc. has moved its U.S. stock trading from the OTCQB Venture Market to the Pink Open Market, effective August 16, 2024.

Body and Mind Inc. announced its Q3 2024 financial results, showing modest revenue growth and improvements in net loss compared to the same period last year.

Body and Mind Inc. successfully held its Annual Meeting of Stockholders, electing five directors and reappointing key executive officers.

Body and Mind Inc. announced its Q2 fiscal year 2024 results, showing a significant reduction in net loss and improved gross margins despite flat revenue compared to the same quarter last year.

Body and Mind Inc. issued 2,700,393 shares of common stock to a consultant as partial payment for advisory services.

Body and Mind Inc.'s subsidiary, DEP Nevada, Inc., has agreed to sell its membership interest in Nevada Medical Group, LLC for a total of $2 million, including cash, a promissory note, and potential working capital adjustments.

Body and Mind Inc. is divesting its Nevada cultivation and processing operations to prioritize dispensary development in Illinois and New Jersey.

Body and Mind Inc. has received state approval to operate a cannabis dispensary in Lawrenceville, New Jersey, marking a significant step in their expansion plans.