Body and Mind Inc. Announces Results from Nevada Licensing
VANCOUVER, B.C., CANADA (December 6, 2018) –Body and Mind Inc. (CSE: BAMM, US OTC PINK: BMMJ) (the “Company” or “BaM”) announces the Company was recently informed by the State of Nevada that it will not be awarding a dispensary license relating to the Company’s four submitted applications.
“Our team is dedicated to increasing shareholder value by focusing its time and resources on improving operational efficiencies, facility expansions, state licensing opportunities as well as mergers and acquisitions,” commented Robert Hasman, director of BaM. “While we are disappointed with the recent Nevada dispensary applications, the Body and Mind team remains excited about progressing our dispensary and production licenses in Ohio. We continue to review accretive opportunities and look forward to rapidly expanding the Body and Mind brand into California through the recent investment with Green Light District Holdings Inc. (“GLDH Investment”)”.
Please see the news release dated November 29, 2018 regarding the Company’s GLDH investment, which includes details of GLDH’s California assets.
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 and 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 and Ohio and is constantly reviewing accretive expansion opportunities.
Safe Harbor Statement
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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Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.