secwatch.observer — SEC 8-K summary
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Issuer:     BODY & MIND INC. (—)
CIK:        0001715611
Form:       8-K
Filed at:   2025-06-12T23:59:59+00:00
Accession:  0001640334-25-001033
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Body and Mind completes NMG sale to Fox Farms; enters $587K secured note with SGC
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- DEP subsidiary sold NMG membership interests to Fox Farms; Fox paid $200K cash and issued $200K promissory note, contingent on tax dispute resolution.
- SGC advanced $587K to DEP as part of NMG Long Beach sale; secured by 80% of NMG LB membership interests and other assets.
- Promissory note to SGC bears 5% interest, balloon payment due Oct 29, 2025.
- Letter Agreement delays Fox Farms note effectiveness until Nevada tax audit dispute (2019-2021) is resolved.
- Company cannot determine if NMG disposition exceeds 20% significance due to contingent consideration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1715611/000164033425001033/0001640334-25-001033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1715611/000164033425001033/bmmj_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-25-001033

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