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Body and Mind Inc. Announces Agreement to Divest San Diego Dispensary
Newsfileยท 2025-08-11 13:12
Core Viewpoint - Body and Mind Inc. has announced the sale of its subsidiary's assets in NMG San Diego LLC for a total consideration of US$1.6 million in cash [1][2] Group 1: Transaction Details - The asset purchase agreement involves Body and Mind's wholly owned subsidiary, DEP Nevada, Inc., selling its 60% interest in NMG San Diego LLC, which operates the Body and Mind San Diego dispensary [1] - The Purchaser, OTC Miramar, LLC, has already paid a deposit of US$100,000 towards the total acquisition price [2] Group 2: Financial Implications - The total consideration for the transaction is US$1.6 million, indicating a significant cash inflow for the company [2]