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Body and Mind Inc.

10:26 AM EST - Body and Mind Inc. : Announced manufacturing expansion into California through BaM's California subsidiary, NMG Cathedral City, LLC. NMG has entered a management and administrative services agreement with Satellites Dip, LLC, a licensed cannabis business conducting commercial cannabis activity within the state of California. NMG will manage day to day operations of the custom built 7,800 square foot manufacturing facility in Cathedral City, California. The facility was custom designed for large volume cannabis manufacturing and has been producing wholesale concentrates since construction completion in 2017. "This is a tremendous milestone for Body and Mind as we expand our marquis lifestyle brands into the key California market. The opportunity to move into a fully licensed facility and leverage our expertise and award-winning formulations will rapidly create revenue without significant construction capital expense or license delay," stated Robert Hasman, President of Nevada Medical Group and a director of BaM. Body and Mind Inc. shares BAMM:CNX are trading up 6 cents at $1.64.