Body & Mind Inc. (BMMJ) has released an update to notify the public and investors about a regulation fd disclosure.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Body and Mind Inc. announced progress on their dispensary projects in Illinois and New Jersey, aiming for openings in the first half of 2024. Concurrently, the company is divesting its Nevada cultivation and production operations by selling to Vegas Brazil LLC for $2 million, subject to regulatory approvals and adjustments. As part of its strategic focus, the company is also issuing 2,700,393 shares to Bengal Impact Partners, LLC for advisory services, which will be restricted securities under the U.S. Securities Act.
For further insights into BMMJ stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.