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Body & Mind ( (TSE:BAMM) ) just unveiled an update.
Body & Mind, Inc.’s subsidiary DEP Nevada, Inc. has entered into a Membership Interest Purchase Agreement with SGC Retail Partners LLC to sell 100% of the membership interests of NMG Long Beach, LLC for $856,250. On April 29, 2025, SGC advanced $587,000 to DEP, which is a substantial portion of the first closing payment, and DEP issued a secured promissory note with a 5% annual interest rate. Additionally, DEP entered into a security agreement granting SGC a first-priority lien on 80% of NMG LB’s membership interests. Concurrently, DEP’s subsidiary Vegas Brazil LLC assigned its rights in a separate agreement with Fox Farms LLC, involving a $400,000 purchase price for membership interests in Nevada Medical Group, LLC. The note for this transaction will not take effect until a tax dispute is resolved, and Fox Farms will repay it in twelve monthly installments.
More about Body & Mind
Technical Sentiment Signal: Sell
Current Market Cap: C$3.69M
Learn more about BAMM stock on TipRanks’ Stock Analysis page.