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Body And Mind Extends Debt Financing

Jun 15, 2022•about 3 years ago

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Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) (the "Company" or "BaM"), a multi-state US cannabis operator, is pleased to provide an update on the extension and amendments to its loan agreement (the "Loan Agreement") entered into between the Company, DEP Nevada, Inc., a wholly owned subsidiary of the Company, the guarantors as set forth in the Loan Agreement, FG Agency Lending LLC (the "Agent") and Bomind Holdings LLC (the "Lender"), dated July 19, 2021, as amended on November 30, 2021.

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Additionally, Amendment No. 2 to Loan Agreement allows the outside date for the Company to draw on the delayed draw term loan of US$4.44 million to be extended from June 1, 2022 to March 31, 2023, whereby US$4 million in funds will be advanced to the Company. LAS VEGAS and VANCOUVER, BC, June 15, 2022 /PRNewswire/ - Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) (the "Company" or "BaM"), a multi-state US cannabis operator, is pleased to provide an update on the extension and amendments to its loan agreement (the "Loan Agreement") entered into between the Company, DEP Nevada, Inc., a wholly owned subsidiary of the Company, the guarantors as set forth in the Loan Agreement, FG Agency Lending LLC (the "Agent") and Bomind Holdings LLC (the "Lender"), dated July 19, 2021, as amended on November 30, 2021.