secwatch.observer — SEC 8-K summary
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Issuer:     BODY & MIND INC. (—)
CIK:        0001715611
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001640334-25-000199
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Body and Mind restates Q2 & Q3 FY2024 financials; VIE and fee-income errors
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- Board determined Q2 FY2024 (Jan 31, 2024) and Q3 FY2024 (Apr 30, 2024) financials should no longer be relied upon.
- Errors: entity incorrectly deconsolidated (should have been asset held for sale as a VIE) and management fee income not properly recorded.
- Misstatements deemed material on a cumulative basis by the Board.
- Company will file amended 10-Qs for Q2 and Q3 FY2024 to restate the financials.
- Procedures pending: external accounting memo, additional review, and auditor QC sign-off.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1715611/000164033425000199/0001640334-25-000199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1715611/000164033425000199/bmmj_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-25-000199

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