Body and Mind Inc. agrees to sell San Diego dispensary assets for $1.6M

BODY & MIND INC.

Total consideration US$1.6M cash; US$100K deposit already paid to DEP Nevada.
Deal includes US$500K escrow for CDTFA tax liability, US$570K landlord payment, US$430K promissory note.
Buyer OTC Miramar assumes management and operations of the San Diego dispensary from August 5, 2025.
Closing contingent on City of San Diego approving transfer of the local cannabis license.

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