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Body and Mind Inc. (C:BAMM)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
 
Company Contact
Address: 750 - 1095 West Pender Street
VANCOUVER BC V6E 2M6
Tel: 1-800-3616312
Website: https://bodyandmind.com/about
IR: See website
Key People
Michael Mills
President, Chief Executive Officer, Director
Dong Hyun Shim
Chief Financial Officer
Stephen Hoffman
Chief Operating Officer, Corporate Secretary, Director
Business Overview
Body and Mind Inc. is a Canada-based operations-focused cannabis company with active retail operations in Arkansas, Illinois and California, pending retail operations in New Jersey, and craft cultivation operations in Arkansas. The Company's segments include Wholesale, Retail and All others. The Company's products include flowers, pre rolls and hemp blunts, concentrates, carts and vapes, and edibles. Its featured products include Krispy Bites, Pretzel Bites and Chocolate Bites. It manages and operates a BaM Body and Mind branded dispensary. It owns and operates The Reef by Body and Mind retail dispensary in the limited license jurisdiction of Seaside, California. The Company's subsidiary is DEP Nevada Inc.
Financial Overview
For the six months ended 31 January 2024, Body and Mind Inc revenues decreased 19% to $9.9M. Net loss before extraordinary items increased 2% to $5.4M. Revenues reflect Retail segment decrease from $12.9M to $0K. Higher net loss reflects Interest Expense increase from $806K to $2.1M (expense), Licenses, utilities and office administr increase of 3% to $2.2M (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.04.
Reporting Currency: U.S. Dollars
Enterprise value: $26.91M as of Jan 31, 2024
Annual revenue (TTM): $27.94M as of Jan 31, 2024
EBITDA (TTM): -$7.29M as of Jan 31, 2024
Net annual income (TTM): -$28.54M as of Jan 31, 2024
Free cash flow (TTM): -$4.69M as of Jan 31, 2024
Net Debt Last Fiscal Year: $5.27M as of Jan 31, 2024
Shares outstanding: 147,686,393 as of Mar 25, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization