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Body and Mind Inc. Divests Long Beach Dispensary to Focus on Key Markets

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Protect Your Portfolio Against Market Uncertainty

An update from Body & Mind ( (TSE:BAMM) ) is now available.

Body and Mind Inc. has announced an agreement to divest its Long Beach dispensary through the sale of all interests in NMG Long Beach, LLC to SGC Retail Partners, LLC for a total consideration of $856,250. This strategic move is part of Body and Mind’s ongoing efforts to optimize its operations and focus on expanding its retail presence in key markets such as Illinois and New Jersey, potentially impacting its market positioning and stakeholder interests.

More about Body & Mind

Body and Mind Inc. is an operations-focused cannabis company that operates retail cannabis dispensaries in California and Illinois, with pending operations in New Jersey. The company aims to increase market share by enhancing customer satisfaction and operational efficiencies, focusing on return on investment through successful retail store launches.

YTD Price Performance: -52.38%

Average Trading Volume: 194,371

Technical Sentiment Signal: Buy

Current Market Cap: $2.67M

Find detailed analytics on BAMM stock on TipRanks’ Stock Analysis page.

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