Body and Mind Narrows Loss By 30% YoY In Q3, Doubles Down On Streamlining Operations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 21 2024
0mins
Source: Benzinga
- Financial Results for Q3 FY 2024: Body and Mind Inc. announced financial results for the third quarter of fiscal year 2024, showing revenue, gross profit, net operating loss, and net loss figures.
- Operational Updates: The company is focusing on streamlining operations, with growth in its Markham-based dispensary in Illinois and progress in the Lynwood store construction project.
- Expansion in New Jersey: Body and Mind received a license for a new dispensary in New Jersey, highlighting plans for a 4,000 square feet retail location in Lawrenceville.
- Market Outlook: CEO Michael Mills believes that the Illinois and New Jersey markets are underserved, expressing confidence in the company's locations and capabilities for high returns.
- Upcoming Conference: The company invites individuals interested in cannabis stocks to attend the Benzinga Cannabis Capital Conference in Chicago on Oct. 8-9 for insights into the industry.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
