Exclusive Interview with Body and Mind CEO Michael Mills and COO Trip Hoffman
Multi-state operator Body and Mind (CSE: BAMM) (OTCQB: BMMJ) has fueled its growth in the cannabis industry through applying for opportunities in limited license states and launching those operations as quickly as possible. The Body and Mind team least spoke with New Cannabis Ventures in February, and since then, the company has continued to turn assets on across its footprint. CEO Michael Mills and COO Trip Hoffman checked in to talk about progress in each of its markets, a recently announced debt facility and plans for continued expansion. The audio of the entire conversation is available at the end of this written summary.
Developing Talent from Within
The Body and Mind leadership team remains fairly lean, with a lot of growth coming from within the company. For example, the company has taken assistant managers of dispensary operations and moved them to manage new operations as they open up across the Body and Mind footprint.
The company currently has 130 team members, and Hoffman expects that number could nearly double within a year.
Body and Mind Team Members
Over the past six months, Body and Mind has made significant progress in the Ohio market. The company won a dispensary license and a provisional production license when the state first opened for medical cannabis. It quickly opened the dispensary, and it just opened its production facility last month. The company expects to have branded products coming out of that facility shortly.
Additionally, the company is planning to put in a number of applications in the state’s new dispensary licensing round.
This summer, Body and Mind announced management agreements and the option to