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Body and Mind Finalizes Dispensary Sale as It Exits Michigan Market

The company will focus on its operations in New Jersey and Illinois.

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Body and Mind

Body and Mind late last year said it had received all regulatory approvals to complete the transaction to divest the Body and Mind Muskegon, Michigan dispensary.

In April, the company announced the divestment of its dispensary in Michigan, which is owned through the Company’s wholly owned subsidiary, DEP Nevada, along with planned opening of a new dispensary in Markham, Illinois.

“We are excited to receive our temporary occupancy permit for the Markham dispensary and are expecting to open our first Illinois dispensary within the next weeks," said Michael Mills, CEO of Body and Mind. “Our development team has completed the buildout of the new operation within tight timelines and budgets and our experienced managers and leaders from other Body and Mind operations have been integral to set up, hiring, marketing and standing up the new operation. We are looking forward to bringing our exceptional customer service, cannabis knowledge, and product selection to the Markham area. Our Markham dispensary, along with our other assets in Illinois and New Jersey, are the near-term future of this company and we are streamlining our organization to focus on the success of these projects. As part of that strategy, we have executed definitive documents to divest our Michigan Body and Mind dispensary to a third-party.”

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