Body And Mind To Divest Ohio Cannabis Dispensary
Portfolio Pulse from Vuk Zdinjak
Body and Mind Inc.'s subsidiary, DEP Nevada, Inc., has agreed to sell its Ohio cannabis dispensary to FarmaceuticalRX, LLC for a total consideration of $8.225 million in cash proceeds at closing, with an additional $2.5 million in potential contingent proceeds. The transaction is subject to regulatory approval from the State of Ohio and other closing conditions.
July 24, 2023 | 1:38 pm
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Body and Mind Inc. is selling its Ohio cannabis dispensary, which could result in a cash inflow of $8.225 million, plus potential additional proceeds of $2.5 million.
The sale of the dispensary could result in a significant cash inflow for Body and Mind Inc., which could be used to fund other operations or reduce debt. This could potentially improve the company's financial position and be viewed positively by investors.
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