Body and Mind has become a leader in the cannabis industry by expanding its brand through low-cost license applications and business acquisitions, while employing highly qualified and experienced professionals that understand compliance, management, and operations.
Mr. Mills has spent over 25 years in senior management positions in industries spanning manufacturing, media, technology, and finance.
Increasingly senior positions at the Financial Post and National Post newspaper and media properties.
Bachelor of Business Administration
Past CEO of a Colorado licensed cultivation and dispensary company and operations-efficiency specialist in the cannabis space.
Over 20 years in the Financial Technology & Services industry in roles ranging from CEO, Risk Manager, to Market Maker.
Ph.D. in physics from Purdue University and studied at Cornell University and Northwestern University during his education.
Mr. Shim is a Chartered. Professional Accountant in Canada and a Registered Certified Public Accountant in the state of Illinois, USA.
Currently the President and founder of both SHIM Accounting Corporation and Golden Tree Capital Corp.
Serves as the CFO for International Private Vault Inc. and as a director of National Issuer Services Ltd., a transfer agent company based in British Columbia, Canada.
Past Secretary of California Business, Consumer Services and Housing Agency and directed a $4.75 billion budget and nearly 6,100 employees.
Alexis Podesta has served in senior roles in both the public and private sector. Known for her talent to skillfully navigate complex policy and political issues, her broad portfolio has included problem-solving on high-profile policies in both government and the corporate world.
Mr. Reuter has held positions as principal investor relations for Onex Corp., a private equity firm, vice-president of asset management for Canadian Imperial Bank of Commerce and as managing director at Royal Bank of Canada with roles in Hong Kong and New York. In these roles, he built high-value client and strategic partnerships, recruited, and developed sales teams, and implemented and executed high-impact revenue coverage models.
Las Vegas, NV and Vancouver, B.C., Canada (June 21, 2022) – Body and Mind Inc. (CSE: BAMM, OTCQB: BMMJ) (the “Company” or “BaM”), a multi-state US cannabis operator, is pleased to report its financial results for the third fiscal quarter ended April 30, 2022.
Q3 FY2022 Financial Summary (results expressed in USD$ unless otherwise indicated):
• Reported Q3 FY2022 revenue of $7.88 million, a 10% increase over Q3 FY2021 revenue of $7.16 million;
• Q3 FY2022 Gross profit of $2.91 million;
• Q3 FY2022 Net Operating Loss of $1.34 million;
• Q3 FY2022 Net Loss of $2.46 million;
• Basic and Diluted loss per share of $0.02;
• Adjusted EBITDA loss of 0.78 million*;
• Inventory of $4.32 million as of April 30, 2022;
• At April 30, 2022, BaM had $3.71 million in cash and a working capital surplus of $2.42 million;
• Total Assets were $52.99 million, Total Current Liabilities were $9.44 million and Total Liabilities were $22.70 million at April 30, 2022;
• 113,349,464 shares of common stock outstanding as of April 30, 2022 (113,349,464 as of June 20, 2022).
Please visit SEDAR for a complete listing of corporate filings and archived filings for Body and Mind.
Please visit EDGAR for a complete listing of corporate filings and archived filings for Body and Mind.
Materials for the annual meeting of Body and Mind shareholder can be downloaded from the links below.
For questions and comments, please reach out to:
Nevada
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Las Vegas
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CULTIVATION
PRODUCTION
DISTRIBUTION
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California
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Long Beach
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San Diego
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Seaside
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Ohio
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Cleveland
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Arkansas
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West Memphis
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Michigan
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Muskegon
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Manistee
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CULTIVATION (UNDER CONSTRUCTION)
PRODUCTION (UNDER CONSTRUCTION)
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