BODY & MIND INC.: M&A transaction — Body and Mind completes sale of Ohio cannabis license subsidiary for $2M

BODY & MIND INC.

On Sept 3, 2024, DEP Nevada sold all membership interests in NMG OH P1, LLC to LMTB LLC.
Purchase price of $2,000,000 was paid to DEP in early 2024; Ohio regulatory approval obtained.
Disposition of NMG OH P1, LLC is below 20% significance; no pro forma financials required.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

BODY & MIND INC. completed a disposition involving LMTB LLC for $2,000,000 (closed 2024-09-03).

Action: disposition
Counterparty: LMTB LLC
Consideration: $2,000,000
Closing: 2024-09-03

Exact text from the filing

of the License (as defined in the Purchase Agreement) from DEP to the Purchaser. Pursuant to the terms of the Purchase Agreement, the Purchaser paid the purchase price of $2,000,000 to DEP in early 2024 and DEP has now assigned, sold and transferred the Interests to the Purchaser. The foregoing description of the Purchase Agreement does not purport to be

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Source: SEC EDGAR

accession 0001640334-24-001401

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