Year over Year Revenue Increase of 332%

FY2021 Q3 to FY2021 Q4 Revenue Increase of 14 % and Profitable FY2021 Q4

Conference Call Scheduled for 11:00 AM Eastern

LAS VEGAS and VANCOUVER, BC, Nov. 19, 2021 /CNW/ – Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) (the “Company” or “BaM”), a multi-state operator, is pleased to announce financial results for the fiscal year ended July 31, 2021 and is providing shareholders with an operational update and select financial results.

FY2021 Financial Summary (results expressed in $USD unless otherwise indicated):

For the fiscal year ended July 31, 2021, achieved record annual consolidated revenue of $26.90 million, a 332% increase over FY2020 of $6.23 million

Gross profit totalled $11.99 million for FY2021, an increase of 695% over FY2020 of $1.51 million

Gross profit margin of 45%, an improvement of 87% over FY2020 gross margin of 24%

Basic and Diluted loss per share of $(0.02) for FY2021;

Net Loss of $1.98 million, an improvement of $2.62 million from FY2020 Net Loss of $4.60 million

Adjusted EBITDA of $3.96 million*, an improvement of $6.43 million over FY2020 Adjusted EBITDA of $(2.47 million)*

At July 31, 2021, BaM had $7.37 million in cash;

Total Current Assets were $14.31 million, Total Assets were $48.13 million, Total Current Liabilities

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