This MSO Is Leveraging Vertical Integration in Its Four Cannabis… – New Cannabis Ventures

Exclusive Interview with Body and Mind CEO Michael Mills and COO Trip Hoffman

Multi-state operator Body and Mind (CSE: BAMM) (OTCQB: BMMJ) is continuously looking for new ways to expand its SKUs and bring branded products to its markets. CEO Michael Mills and COO Trip Hoffman last spoke with New Cannabis Ventures in April 2020. They joined us again to discuss their company’s progress in its four markets and their approach to organic growth and M&A. The audio of the entire conversation is available at the end of this written summary.

Over the course of its six-year history, Body and Mind has maintained consistent leadership and a lean, efficient team. Over the past several months, the company has added employees, including a project manager to oversee construction initiatives and accounting experts, to help manage its expansion, according to Hoffman.

Members of the Body and Mind Leadership Team in December 2019

Nevada and California

Body and Mind began in Nevada, and it continues to leverage its presence there. Initially, the company’s cultivation and production operations were housed in one facility. At the beginning of last year, the company moved its production (oils, extracts and edibles) to a new facility and focused on expanding its cultivation capacity. Body and Mind is targeting a 20 percent increase in flower at its original facility, according to Mills. The company has also obtained a distribution license in Nevada.

Inside the Company’s Nevada Cultivation Facility

Body and Mind’s two California dispensaries, located in San Diego and Long Beach, are continuing to thrive and demonstrate growth. The company also just launched a new branded flower product in the California market: Any Day.

The Company’s Long Beach Dispensary

Ohio

In Ohio, the company is working toward closing a transaction. It has finalized ownership of its dispensary

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