Professional
Added to YB: 2024-11-01
Pitch date: 2024-10-29
BMMJ [bullish]
Body and Mind Inc.
-54.55%
current return
Author Info
No bio for this author
Company Info
Body and Mind Inc. cultivates, processes, distributes, and retails medical and recreational cannabis in Nevada, California, Arkansas, Ohio, Illinois, and New Jersey in the United States.
Market Cap
$3.4M
Pitch Price
$0.02
Price Target
N/A
Dividend
N/A
EV/EBITDA
-3.69
P/E
-0.15
EV/Sales
0.72
Sector
Pharmaceuticals
Category
growth
Bengal Capital Portfolio Holding: Body and Mind Inc.
BMMJ: $2.3M loan to build IL & NJ dispensaries. 18% interest, 5% OID, senior secured, 24-month term. Convertible debentures modified: 15% interest (50% cash/PIK), 2nd lien. Key asset sales pay debt. Loan enables quicker market entry or better sale valuations. Asset base exceeds debt, compensating for risk.
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