---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-23-001939"
form_type: "8-K"
ticker: null
cik: "0001715611"
company_name: "BODY & MIND INC."
filed_at: "2023-10-23T23:59:59+00:00"
generated_at: "2026-06-09T16:53:29.834221+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Body and Mind sells Ohio dispensary for $8.225M, repays debt, pro forma loss narrows

## Summary
- Sold NMG OH (Ohio dispensary) for initial cash consideration of $8.225M, subject to working capital adjustment.
- Used $7.33M of proceeds to fully repay senior secured debt; remaining funds for IL and NJ retail development.
- Pro forma net loss for nine months ended Apr 30, 2023 reduced from $9.3M to $3.7M, reflecting gain of $6.6M.
- Contingent bonus of $2.5M per additional Ohio dispensary license granted to NMG OH (excluding adult-use at existing location).

## SEC filing metadata
- accession: 0001640334-23-001939
- form_type: 8-K
- cik: 0001715611
- company_name: BODY & MIND INC.
- filed_at: 2023-10-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1715611/000164033423001939/0001640334-23-001939-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1715611/000164033423001939/bmmj_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-23-001939
- JSON: https://secwatch.observer/filing/0001640334-23-001939.json
- Plain text: https://secwatch.observer/filing/0001640334-23-001939.txt

## Key facts
- M&A Transactions
  BODY & MIND INC. completed a disposition involving FarmaceuticalRX, LLC for US$8.225 million.
  - Action: disposition
  - Counterparty: FarmaceuticalRX, LLC
  - Consideration: US$8.225 million
  source text: Ohio dispensary, to the Purchaser. The Body and Mind Ohio dispensary opened in 2019 and has now been sold to the Purchaser for an initial purchase price for the Interests of US$8.225 million, subject to a working capital adjustment and other customary adjustments. The transaction also includes a contingent of a US$2.5 million bonus payment to DEP for each additional
  evidence_url: https://www.sec.gov/Archives/edgar/data/1715611/000164033423001939/0001640334-23-001939-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.