Body and Mind Q2 net loss narrows to $0.2M from $2.7M; revenue flat at $4.4M

BODY & MIND INC.

Net loss of $0.2M in Q2 FY2024 vs $2.7M in Q2 FY2023; gross margin improved to 45.7% from 39.9%.
Revenue of $4.4M flat year-over-year; net operating loss improved from ($1.4M) to ($0.8M).
Entered definitive agreement to divest Nevada cultivation/production ops for $2M total consideration.
Lynwood, IL dispensary construction nearly complete; expected to open in first half of 2024.
New Jersey dispensary license application advanced; demolition completed, building permit expected soon.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BODY & MIND INC. reported financial results for the second quarter of fiscal year 2024 ended January 31, 2024.

Period: the second quarter of fiscal year 2024 ended January 31, 2024
Result: reported results

Exact text from the filing

Body and Mind Inc. (the “Company” or “BaM”) issued a news release announcing its financial results for the second quarter of fiscal year 2024 ended January 31, 2024.

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Source: SEC EDGAR

accession 0001640334-24-000488

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