BaM Reports Improved Q2 Margins, Refocuses Strategy

Body & Mind (TSE:BAMM) has released an update.

Body and Mind Inc. (BaM), a multi-state cannabis operator, has reported a stable Q2 FY2024 revenue of $4.4 million, identical to the previous year, with a significant reduction in net loss from $2.7 million to $0.2 million. The company is making strategic moves by divesting its Nevada operations for $2 million to concentrate on high-return projects in Illinois and New Jersey, where it is expanding with new dispensary openings expected in the first half of 2024.

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