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 is currently under construction and anticipates opening in February 2019. www.clubhousedispensary.com
The Clubhouse dispensary is located in the city of Elyria, Lorain County, Northeastern Ohio.
Additionally, the NMG Ohio partner group has been awarded 1 of only 12 Ohio medical cannabis production licenses awarded to date.
View recent media coverage of the Clubhouse dispensary:
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 for additional details.
ShowGrow Long Beach was Voted Best Dispensary in Long Beach 2018 – Orange County Weekly
OCWeekly.com – Cannabis – Best of 2018
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