Body and Mind Inc. Announces Opening Date of Clubhouse Dispensary in Ohio
VANCOUVER, B.C., CANADA (February 20, 2019) – Body and Mind Inc. (CSE: BAMM, US OTC PINK: BMMJ) (the “Company” or “BaM”) a multi-state operator, is pleased to announce the Clubhouse dispensary in Ohio has received final approvals from the Ohio Board of Pharmacy and Elyria City Council to open the dispensary on February 22, 2019.
Nevada Medical Group LLC (“NMG Nevada”), a wholly owned subsidiary of the Company, recently entered into a definitive agreement (the “Definitive Agreement”) whereby NMG Nevada will acquire 100% ownership of NMG Ohio LLC (“NMG Ohio”). NMG Nevada, which previously held a 30% interest in NMG Ohio, will purchase the remaining 70% interest (the “Transaction”) for fair value consideration of USD $3,150,000 (the “Consideration”). NMG Ohio owns a dispensary in Loraine County, Elyria and a production license. ( see news release February 1, 2019 )
“The opening of The Clubhouse Dispensary is a great achievement for our team,” stated Robert Hasman, director of the Company. ”I’m confident we now have the ability to take on the development of several new stores as we have refined the process and have a strong team in place. This project came in on time and on budget and I’d like to thank all those who assisted us.”
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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About Body and Mind
BaM is a publicly traded company investing in high quality medical and recreational cannabis cultivation, production and retail. Our wholly-owned Nevada subsidiary was awarded one of the first medical marijuana cultivation licences and holds cultivation and production licenses. BaM products include dried flower, edibles, topicals, extracts as well as GPEN Gio cartridges. BaM marijuana strains have won numerous awards including the Las Vegas Hempfest Cup 2016, High Times Top Ten, the NorCal Secret Cup and the Emerald Cup. BaM continues to expand operations in Nevada, Ohio and its investment in California and is dedicated to increasing shareholder value by focusing time and resources on improving operational efficiencies, facility expansions, state licensing opportunities as well as mergers and acquisitions.
Please visit www.bamcannabis.com and www.clubhousedispensary.com for more information.
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Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.
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