Body and Mind divests New Jersey dispensary for $2M cash; $1M upfront plus $1M escrow

BODY & MIND INC.

DEP Nevada sold 100% of BAM NJ (New Jersey dispensary) to Ascend New Jersey LLC and its social equity partner for $2M cash.
Consideration: $1M upfront (less debt and expenses) at closing on Aug 22, 2025; $1M in escrow pending CRC approval of retailer license.
Prior to sale, DEP bought out minority shareholder Paul Drozdowski for $1 plus $50k termination fee to gain 100% ownership.
Ascend's social equity partner will hold 65% of BAM NJ; Ascend will hold 35%.
Lease assignment and security release from Bengal Catalyst Fund obtained.

item 1.01item 2.01item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.