secwatch.observer — SEC 8-K summary
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Issuer:     BODY & MIND INC. (—)
CIK:        0001715611
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001640334-23-001939
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1715611/000164033423001939/0001640334-23-001939-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1715611/000164033423001939/bmmj_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-23-001939

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer