BODY & MIND INC.: M&A transaction — Body and Mind completes acquisition of all Canopy Monterey Bay membership interests

On December 7, 2022, pursuant to the previously announced (i) membership interest purchase agreement (“ MIPA #1 ”), dated November 30, 2021, as amended on June 17, 2022, entered into between Body and Mind Inc.’s (the “ Company ”) wholly owned subsidiary, DEP Nevada, Inc. (“ DEP ”), Canopy Monterey Bay, LLC (“ Canopy ”) and the membership interest owners of Canopy, Carey Stiebel (the “ Continuing Owner ”), Jana Stiebel, Jayme Rivard, Adrian Dermicek and Laurie Johnson (collectively, the “ Sellers ”) to purchase eighty percent (80%) of the issued and outstanding membership interests of Canopy, and (ii) membership interest purchase agreement (“ MIPA #2 ”), dated November 30, 2021, as amended on June 17, 2022, entered into between DEP and the Continuing Owner of Canopy to purchase the remaining twenty percent (20%) of the issued and outstanding membership interests of Canopy, the Company through DEP completed the acquisition of all of the membership interests of Canopy from the Sellers and