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Body & Mind ( (TSE:BAMM) ) has provided an announcement.
Body and Mind Inc. has announced the sale of its Illinois assets, NMG IL 1 and NMG IL 4, to Rubino Ventures IL, LLC, operating as Dutchess Cannabis, for a cash consideration of $5 million. This strategic move allows Body and Mind to strengthen its balance sheet and allocate capital to its New Jersey dispensary construction, while benefiting from Dutchess Cannabis’ established market presence and infrastructure.
More about Body & Mind
Body and Mind Inc. operates within the cannabis industry, focusing on the cultivation, production, and sale of cannabis and related products. The company is engaged in improving its market position by strategically managing its assets and capital investments.
YTD Price Performance: -20.0%
Average Trading Volume: 41,754
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.56M
See more data about BAMM stock on TipRanks’ Stock Analysis page.