VANCOUVER, BC, Nov. 9, 2020 /PRNewswire/ – Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) (the “Company” or “BaM”), a debt free multi-state operator focused on limited license markets, would like to correct the disclosure in its prior news release dated October 22, 2020, whereby the Company reported the closing of the acquisition of the remaining 70% interest in NMG Ohio LLC (“NMG Ohio”). The transfer of the dispensary license for the Clubhouse Dispensary in Elyria, Ohio to our wholly owned subsidiary, NMG OH 1, LLC has been completed, as approved by the Ohio Board of Pharmacy, and the Company has paid all of the required consideration to the members of NMG Ohio, in order to acquire the remaining 70% interest in NMG Ohio as previously disclosed in the October 22, 2020 news release; however, the transfer of the remaining 70% interest in NMG Ohio to Nevada Medical Group, LLC (“NMG Nevada”) will not occur until all of the closing conditions under the Membership Interest Purchase Agreement, dated January 31, 2019, have been satisfied. Therefore, the ownership of NMG Ohio remains unchanged and NMG Nevada owns 30% of NMG Ohio.
About Body and Mind Inc.
BaM is a debt free publicly traded company investing in high quality medical and recreational cannabis cultivation, production and retail. Our wholly owned Nevada subsidiary was awarded one of the first medical marijuana cultivation licenses and holds cultivation and production licenses. BaM products include dried flower, edibles, oils and extracts as well as GPEN Gio cartridges. BaM cannabis strains have won numerous awards including the 2019 Las Vegas Weekly Bud Bracket, Las Vegas Hempfest Cup 2016, High Times Top Ten, the NorCal Secret Cup and the Emerald Cup.
BaM continues to expand operations in Nevada, California, Arkansas and Ohio and is dedicated to increasing shareholder value by focusing resources on improving operational efficiencies, facility expansions, state licensing opportunities as well as mergers and acquisitions.
Please visit www.bamcannabis.com for more information.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.