Body and Mind Inc. provided an update on construction progress of the new Body and Mind-branded dispensary in Markham, Illinois, as well as the divestment of the Company's dispensary in Michigan, which is owned through the Company's wholly owned subsidiary, DEP Nevada Inc. ("DEP"). Consideration for the Michigan divesture by way of a stock purchase agreement includes assumption of the dispensary's long-term lease, purchase of inventory and a working capital-adjustment. Additionally, the third-party purchaser will manage the dispensary pursuant to a management agreement while the parties pursue approval of the change of control through Michigan regulatory authorities.

The Company has options to acquire the Body and Mind-branded dispensary in Markham, Illinois along with the other Illinois Body and Mind-branded dispensary pursuant to a convertible credit facility between DEP and each of NMG IL 1, LLC and NMG IL 4, LLC and membership interest purchase agreements between DEP and the members of NMG IL 1, LLC and NMG IL 4, LLC. The dispensaries are managed by the Company.