August 25, 2025 – Las Vegas, Nevada and Vancouver, British Columbia–(Newsfile Corp. – August 25, 2025) – Body and Mind Inc. (CSE: BAMM) (OTC: BMMJ) (the “Company” or “BaM“) is pleased to announce the Company’s wholly owned subsidiary, DEP Nevada, Inc. (“DEP“) has entered into a Purchase Agreement with Ascend New Jersey, LLC (the “Purchaser“), whereby DEP, which owns 100% of BaM Body and Mind Dispensary NJ, Inc. (“BAM NJ“) agrees to sell all of the equity interests (the “Interests“) in BAM NJ to the Purchaser.
The total consideration to be paid by the Purchaser to DEP for the acquisition of the Interests is US$2.0 million in cash with (i) US$1 million less any indebtedness as of the closing date and less any DEP transaction expenses at closing, and (ii) US$ 1million placed in escrow pending satisfaction of closing conditions. Additional details on the transaction can be found in the Company’s current report on Form 8-K, anticipated to be filed on EDGAR in the very near future.
Please visit www.bodyandmind.com for more information.
