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Body and Mind Announces Q3 2024 Financial Results – Notice Global Online

Las Vegas, Nevada and Vancouver, nation Columbia–(Newsfile Corp. – June 21, 2024) – Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) (the “Company” or “BaM”), a multi-state operations-focused ganja company, is entertained to foretell its business results for the ordinal lodge of business assemblage 2024 ended Apr 30, 2024, and to wage shareholders with an effective update. All business aggregation is provided in U.S. dollars unless otherwise indicated.

Q3 FY2024 (ended Apr 30, 2024) Financial Highlights:

Q3 FY 2024 Three Month Period Ended Apr 30, 2024 (in Millions of US$)

 

 

 

 

 

 

Q3 FY 2024

Q3 FY 2023

 

Revenue

$4.41

$4.17

 

Gross Profit

$1.96

$1.93

 

Net Operating Profit (Loss)

($1.34)

($1.28)

 

Net Income/(Loss)

($2.54)

($3.61)

 

 

 

 

 

 

 

 

 

Q3 FY 2024 Nine Month Period Ended Apr 30, 2024 (in Millions of US$)

 

 

 

 

 

 

April 30 2024

Apr 30 2023

 

Revenue

$13.39

$13.24

 

Gross Profit

$6.05

$5.43

 

Net Operating Profit (Loss)

($3.26)

($3.83)

 

Net Income/(Loss)

($2.54)

($9.30)

 

Q3 FY2024 Operational Highlights:

  • Markham Algonquin dispensary continues to exhibit ontogeny with newborn customers and accumulated transactions apiece month.

  • Continued cerebration on the Lynwood, Algonquin dispensary with the antiquity full complete. The test stages of the send were suspended awaiting a accept from Algonquin Department of Transportation (IDOT) to terminate roadworks and unification of services that was acknowledged a hebdomad ago. The dispensary is roughly digit knot from the abut of Indiana and images of the dispensary crapper be viewed at https://bodyandmind.com/illinois/lynwood-status.

  • Received the New milker Annual authorise for BaM Body and Mind Dispensary NJ, Inc. The dispensary module be 4,000 conservativist feet with more than 100 parking places. Demolition is rank and the antiquity accept has been granted. The dispensary in Lawrenceville is in a powerfulness that has authorised exclusive digit dispensaries and is on the essential US 1 (Brunswick Pike) corridor with over 35,000 cars per period expiration by.

Management Commentary

We move to fulfil on our strategy of reaction our print and centering on nonindustrial our most priceless assets,” spoken archangel Mills, CEO of Body and Mind. “Our quarterly and nine-month business results shew overmodest income ontogeny and improvements in lowermost distinction results as we move to streamline our operations. We’re entertained that our Lynwood, Algonquin positioning has fresh conventional hold to enter the complete antiquity to services and commence required roadwork. We countenance nervy to completing cerebration for this activeness shortly. We conceive the Algonquin and New milker markets rest underserved and our brawny locations and capabilities module hold broad backward dealings for the Company and shareholders.”

For boost details, gratify wager the Company’s past Form 10-Q filing on EDGAR at www.sec.gov/edgar/search, and the interval business statements filed on SEDAR+ at www.sedarplus.ca.

About Body and Mind Inc.

BaM is an operations-focused ganja consort with astir retail dealings in Algonquin and Calif. and pending retail dealings in Algonquin and New Jersey. We effect regular to process our mart deal finished delighting customers patch also continuing to improve our effective efficiencies to intend profits. We are primarily guided by the amount of convey on investment. Currently, we conceive the most momentous convey on assets projects in face of us are flourishing retail ganja accumulation launches in Algonquin and New Jersey, which augment our existing retail footprint. We also conceive that our team’s set effective skillsets module create momentous forthcoming investor continuance as the ganja business matures.

Please meet www.bodyandmind.com for more information.

Instagram: @bodyandmindBaM
Twitter: @bodyandmindBaM

For boost information, gratify contact:

Company Contact:

Michael designer
CEO
Tel: 800-361-6312
ir@bodyandmind.com

Neither the river Securities Exchange nor its Market Regulator (as that constituent is circumscribed in the policies of the river Securities Exchange) accepts domain for the quality or quality of this release.

Safe Harbor Statement

Except for the statements of arts fact contained herein, the aggregation presented in this programme promulgation constitutes “forward-looking statements” as much constituent is utilised in practical United States and river laws. These statements colligate to analyses and another aggregation that are supported on forecasts of forthcoming results, estimates of amounts not still definable and assumptions of management. Any another statements that impart or refer discussions with attitude to predictions, expectations, beliefs, plans, projections, objectives, assumptions or forthcoming events or action (often, but not always, using text or phrases much as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that destined actions, events or results “may”, “could”, “would”, “might” or “will” be taken, become or be achieved) are not statements of arts fact and should be viewed as “forward-looking statements”. Such forward-looking statements refer famous and uncharted risks, uncertainties and another factors which haw drive the actualised results, action or achievements of the Company to be materially assorted from some forthcoming results, action or achievements spoken or tacit by much forward-looking statements. Such risks and another factors include, among others, the actualised results of activities, variations in the inexplicit assumptions related with the calculation of activities, the availability of top to money programs and the resulting dilution caused by the upbringing of top finished the understanding of shares, accidents, fag disputes and another risks. Although the Company has attempted to refer essential factors that could drive actualised actions, events or results to dissent materially from those described in forward-looking statements, there haw be another factors that drive actions, events or results not to be as anticipated, estimated or intended. There crapper be no sureness that much statements module establish to be faithful as actualised results and forthcoming events could dissent materially from those expected in much statements. Accordingly, readers should not locate unreasonable certainty on forward-looking statements contained in this programme promulgation and in some writing referred to in this programme release.

Certain matters discussed in this programme promulgation and test statements prefabricated from instance to instance by representatives of the Company haw represent forward-looking statements. Although the Company believes that the expectations echolike in much forward-looking statements are supported upon commonsensible assumptions, it crapper provide no sureness that its expectations module be achieved. Forward-looking aggregation is person to destined risks, trends and uncertainties that could drive actualised results to dissent materially from those projected. Many of these factors are beyond the Company’s knowledge to curb or predict. Important factors that haw drive actualised results to dissent materially and that could effect the Company and the statements contained in this programme promulgation crapper be institute in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update or attach some forward-looking statements whether as a termination of newborn information, forthcoming events or otherwise. This advise promulgation shall not represent an substance to delude or the collection of an substance to acquire securities.

To analyse the maker edition of this advise release, gratify meet https://www.newsfilecorp.com/release/213895

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