Replace on Michigan Growth, Arkansas Cultivation and FY2021 Financials
LAS VEGAS and VANCOUVER, BC, Nov. 15, 2021 /PRNewswire/ – Physique and Thoughts Inc. (CSE: BAMM) (OTCQB: BMMJ) (the “Firm” or “BaM”), a multi-state operator centered on restricted license markets, is happy to report Physique and Thoughts branded merchandise can be found in Ohio and supply an replace on operations in Michigan and Arkansas.
FY2021 12 months Finish Financials
The Firm anticipates reporting FY2021 (interval ending July 31, 2021) yr finish financials on or earlier than Thursday November 18th. The Firm has an earnings name scheduled for Friday, November 19th and please see convention name dial in particulars on the finish of this launch.
Physique and Thoughts Expands Branded Merchandise to Ohio
The brand new Ohio processing facility is situated subsequent to the Physique and Thoughts dispensary west of Cleveland and has been designed to supply common Physique and Thoughts concentrates utilizing hydrocarbon extraction in addition to edibles and oils. “We’re excited to have the primary of many SKU’s within the Ohio market as our workforce brings years of expertise with a variety of hydrocarbon extraction merchandise,” said Michael Mills, CEO of Physique and Thoughts. “We designed the manufacturing facility as a top-of-the-line hydrocarbon facility to offer the most important breadth of extraction merchandise and we’re within the course of for approval of a full vary of merchandise to service the rising Ohio medical market. As early entrants to the Ohio market, our workforce has a deep understanding of shopper traits within the state and we sit up for the addition of our award profitable concentrates, oils and edibles.”
The Physique and Thoughts dispensary in Muskegon, Michigan is transferring shortly by renovation of a pre-existing financial institution constructing situated on a nicely trafficked thoroughfare with vital parking. The Firm has employed a common supervisor for the placement and coaching has commenced. The Physique and Thoughts branded dispensary is anticipated to be operational in late 2021 or early 2022.
The Firm has obtained constructing permits for section 1 of the cultivation and manufacturing facility and is within the closing levels of contractor choice and ordering lengthy lead gadgets. The cultivation and manufacturing amenities have obtained native approval and state pre-approval for a 25,000 sq. foot cultivation and 5,000 sq. foot manufacturing amenities throughout the similar current constructing. The Firm anticipates commencing development shortly with development plans for 25,000 sq. toes of cultivation to be inbuilt section 2.
Complete Care Group and BaM have commenced the primary cultivation harvest on the West Memphis location and anticipate Physique and Thoughts branded flower to be accessible in Arkansas earlier than the tip of November. “We’re excited to carry Physique and Thoughts high quality flower to the state of Arkansas and sit up for producing many new strains within the close to future,” said Journey Hoffman, COO of Physique and Thoughts. The cultivation facility is designed to supply sufficient flower to produce the Physique and Thoughts dispensary in addition to generate income from wholesales.
FY2021 12 months Finish Convention Name Particulars
The Firm can be internet hosting earnings name on Friday, November nineteenth, 2021 at 11:00 a.m. Japanese.
Contributors can dial 1-888-664-6392 or 416-764-8659 and use affirmation quantity 13970998.
A replay of the convention name can be accessible at 1-888-390-0541 till November 26, 2021. Please use replay quantity 970998 #
About Physique and Thoughts Inc.
BaM is an operations centered multi-state operator investing in prime quality medical and leisure hashish cultivation, manufacturing and retail. Our wholly owned Nevada subsidiary was awarded one of many first medical marijuana cultivation licenses and holds cultivation and manufacturing licenses. BaM merchandise embody dried flower, edibles, oils and extracts in addition to GPEN Gio cartridges. BaM hashish strains have received quite a few awards together with the 2019 Las Vegas Weekly Bud Bracket, Las Vegas Hempfest Cup 2016, Excessive Occasions High Ten, the NorCal Secret Cup and the Emerald Cup.
BaM continues to broaden operations in Nevada, California, Arkansas, Ohio and Michigan and is devoted to rising shareholder worth by focusing assets on enhancing operational efficiencies, facility expansions, state licensing alternatives in addition to mergers and acquisitions.
Please go to www.bodyandmind.com for extra info.
Neither the Canadian Securities Alternate nor its Market Regulator (as that time period is outlined within the insurance policies of the Canadian Securities Alternate) accepts duty for the adequacy or accuracy of this launch.
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Apart from the statements of historic reality contained herein, the data offered on this information launch constitutes “forward-looking statements” as such time period is utilized in relevant United States and Canadian legal guidelines. These statements relate to analyses and different info which are based mostly on forecasts of future outcomes, estimates of quantities not but determinable and assumptions of administration. Some other statements that categorical or contain discussions with respect to predictions, expectations, beliefs, plans, projections, goals, assumptions or future occasions or efficiency (usually, however not at all times, utilizing phrases or phrases similar to “expects” or “doesn’t anticipate”, “is predicted”, “anticipates” or “doesn’t anticipate”, “plans, “estimates” or “intends”, or stating that sure actions, occasions or outcomes “might”, “may”, “would”, “may” or “will” be taken, happen or be achieved) will not be statements of historic reality and must be considered as “forward-looking statements”. Such forward-looking statements contain identified and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Such dangers and different components embody, amongst others, the precise outcomes of actions, variations within the underlying assumptions related to the estimation of actions, the provision of capital to fund packages and the ensuing dilution attributable to the elevating of capital by the sale of shares, accidents, labor disputes and different dangers. Though the Firm has tried to establish necessary components that would trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements, there could also be different components that trigger actions, occasions or outcomes to not be as anticipated, estimated or supposed. There might be no assurance that such statements will show to be correct as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements contained on this information launch and in any doc referred to on this information launch.
Sure issues mentioned on this information launch and oral statements made every now and then by representatives of the Firm might represent forward-looking statements. Though the Firm believes that the expectations mirrored in such forward-looking statements are based mostly upon cheap assumptions, it can provide no assurance that its expectations can be achieved. Ahead-looking info is topic to sure dangers, traits and uncertainties that would trigger precise outcomes to vary materially from these projected. Many of those components are past the Firm’s means to manage or predict. Vital components which will trigger precise outcomes to vary materially and that would impression the Firm and the statements contained on this information launch might be discovered within the Firm’s filings with the Securities and Alternate Fee. The Firm assumes no obligation to replace or complement any forward-looking statements whether or not on account of new info, future occasions or in any other case. This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase securities.
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SOURCE Physique and Thoughts Inc.