Body and Mind Inc. (OTCPK:BMMJ) entered into a definitive agreement to acquire Airport Collective, Inc. from Green Light District Holdings, Inc. for $7.9 million on July 3, 2019. The consideration under the Purchase Agreement includes $5.2 million convertible note issued by GLDH to Body and Mind on November 28, 2018 is to be applied towards the purchase price and $1.5 million to be paid in common shares of Body and Mind to a maximum of 2.7 million Common Shares upon Body and Mind receiving the transfer of all licenses, permits and BCC authorizations for Body and Mind to conduct medical and adult-use commercial cannabis retail operations. The Share Payment is subject to reduction in the event there are undisclosed liabilities by GLDH and Airport Collective. The acquisition is subject to certain closing conditions including receipt of applicable licenses.

Body and Mind Inc. (OTCPK:BMMJ) completed the acquisition of Airport Collective, Inc. from Green Light District Holdings, Inc. on November 28, 2023.