Body and Mind Inc. Announces Sale of Illinois Assets and Provides Corporate Update
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Body and Mind Inc. has announced the sale of its Illinois assets to Rubino Ventures IL, LLC for $5 million, with potential additional earnout based on EBITDA. The sale is subject to Illinois regulatory approval.
January 30, 2025 | 2:15 pm
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Body and Mind Inc. is selling its Illinois assets for $5 million, with potential additional earnout. The sale is subject to regulatory approval, which could impact the company's financials and market position.
The sale of Illinois assets for $5 million provides immediate cash inflow and potential future earnings through earnout. Regulatory approval is a key factor, but the transaction could strengthen Body and Mind's financial position and market focus.
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