Body and Mind announced the Company had entered into a definitive asset purchase agreement (the “Purchase Agreement”) to acquire:
Manufacturing ( Oils, Edibles and Extracts )
Body and Mind manufactures cannabis in California through BaM’s California subsidiary, NMG Cathedral City, LLC (“NMG”) which has a contract to operate a licensed manufacturing facility in Cathedral City.
NMG Nevada, a subsidiary of Body and Mind was awarded one of the first medical licenses in Nevada to cultivate and produce edibles, oils and concentrates. After success with the licence process in Nevada, the company worked with in-state license applicants in other states opening legal adult cannabis programs.
Body and Mind Inc. operates “The Clubhouse”, one of only 56 medical cannabis dispensary licenses awarded to date by State of Ohio.
Body and Mind worked with in-state Arkansas partner, Comprehensive Care Group LLC to submit an application for a dispensary license. In March 2019 the group announced their successful award of a dispensary license and plans to work together to develop a medical marijuana dispensary facility in West Memphis, Arkansas. Medical marijuana dispensaries in Arkansas are licensed for both retail sales and cultivation of up to 50 plants within the same facility.