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 medical programs.
On July 1, 2017, Nevada moved from medical marijuana state to an adult recreation state and Body and Mind was well positioned for the explosive grow in the Nevada market.
Body and Mind Inc. and its strategic in-state investment partners obtained 1 of only 56 medical cannabis dispensary licenses awarded to date by State of Ohio.
Ohio is the 7th most populous state with a population of approx. 11.5 Million.
The Clubhouse Dispensary was opened in February 2019 and was one of the first 10 dispensaries to open in the state. www.clubhousedispensary.com
The Clubhouse dispensary is located in the city of Elyria, Lorain County, Northeastern Ohio which is roughly a 30 minute drive from Cleveland with excellent highway access.
View media coverage of the Clubhouse dispensary:
Manfacturing ( Oils, Edibles and Extracts )
Body and Mind manufactures cannabis in California through BaM’s California subsidiary, NMG Cathedral City, LLC (“NMG”).
The Cathedral City facility contains state of the art distillation equipment including ethanol and BHO processes and is expected to provide Body and Mind speed to market for popular products including oils, shatter, wax, live badder and ambrosia. Additionally, the facility is anticipated to commence producing Body and Mind edibles including Pretzel Bites and Gummies
NMG has entered a management and administrative services agreement (the “Management Agreement”) with Satellites Dip, LLC, (“SD”), a licensed cannabis business conducting commercial cannabis activity within the state of California. NMG will manage day to day operations of the custom built 7,800 square foot manufacturing facility in Cathedral City, California. The facility was custom designed for large volume cannabis manufacturing and has been producing wholesale concentrates since construction completion in 2017.
Please see press release for additional details
On November 29, 2018 Body and Mind announced an investment into Green Light District Holdings, Inc. (“GLDH”) by way of a USD $5,200,000 senior secured convertible note at a rate equal to 20% per annum. The note is convertible into 89.75% of the shares of GLDH at the option of the Company. In addition, BaM has an agreement to issue additional consideration to David Barakett totalling USD $6,297,580 payable in shares of BaM at price of CAD $0.7439 upon meeting certain milestones (“Earn Out Shares”). The price was calculated using a 5-day volume weighted average price as of November 28, 2018. BaM’s investment in GLDH was funded in part by a $4,000,000 secured loan from Australis. Please see news release dated November 29, 2018 and news release dated April 26, 2019 for additional details.
ShowGrow Long Beach was Voted Best Dispensary in Long Beach 2018 – Orange County Weekly
OCWeekly.com – Cannabis – Best of 2018
Please visit the ShowGrow website for additional information:
Download the popular ShowGrow app at the Apple App Store or Google Play store.
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.
View news coverage on the Arkansas dispensary
For more information please see the news release