Body & Mind (TSE:BAMM) has released an update.
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Body and Mind Inc. has entered into a credit facility agreement with Bengal Catalyst Fund for up to $2.3 million to support its dispensary projects in Illinois and New Jersey. The company aims to protect shareholder value and has also amended its convertible debentures, securing them along with the new facility. This strategic financial step is seen as crucial for their near-term objectives, despite the high-interest rate involved.
For further insights into TSE:BAMM stock, check out TipRanks’ Stock Analysis page.
