Body and Mind Inc. Closes Nevada Divestment

Rhea-AI Summary

Body and Mind Inc. (OTC: BMMJ) has announced the successful closing of its previously disclosed divestment of Nevada Medical Group LLC, its wholly owned subsidiary. The transaction, which was initially announced on January 6, 2025, has now been completed. The press release provides limited information about the specific terms, value, or strategic implications of the divestment.

Positive

• Successful completion of planned divestment strategy
• Potential streamlining of operations through subsidiary sale

Negative

• Limited disclosure of transaction details and financial terms
• Reduction in Nevada market presence through subsidiary divestment

Las Vegas, Nevada and Vancouver, British Columbia--(Newsfile Corp. - June 11, 2025) - Body and Mind Inc. (CSE: BAMM) (OTC: BMMJ) (the "Company" or "BaM") is pleased to update closing of the previously announced transaction to divest the wholly owned subsidiary, Nevada Medical Group LLC. Please see January 6, 2025 press release for details regarding the transaction.

About Body and Mind Inc.

BaM is an operations-focused cannabis company which operates retail cannabis dispensaries in California and retail development in New Jersey. We work daily to increase our market share through delighting customers while also continuing to hone our operational efficiencies to drive profits. We are primarily guided by the metric of return on investment.

Please visit www.bodyandmind.com for more information.
Twitter: @bodyandmindBaM

For further information, please contact:

Company Contact:

Michael Mills
President and CEO
Tel: 800-361-6312
ir@bodyandmind.com

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.

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of activities, variations in the underlying assumptions associated with the estimation of activities, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. 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. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.

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. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company's ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This press release shall not constitute an offer to sell or the solicitation of an offer to buy our securities.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255231

FAQ

What subsidiary did Body and Mind (BMMJ) divest in June 2025?

Body and Mind divested Nevada Medical Group LLC, its wholly owned subsidiary.

When was the Nevada Medical Group divestment initially announced by Body and Mind?

The divestment was initially announced on January 6, 2025.

What is the value of Body and Mind's Nevada Medical Group divestment?

The press release does not disclose the financial terms or value of the divestment transaction.

How will the Nevada subsidiary divestment affect Body and Mind's operations?

The specific impact on operations is not detailed in the press release, though it represents a reduction in the company's Nevada presence.