UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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SECTION 7 – REGULATION FD
Item 7.01 Regulation FD Disclosure
On November 29, 2024, Body and Mind Inc. (the “Company” or “BaM”) issued a news release to announce that its annual financial statements for the year ended July 31, 2024, including the related management discussion and analysis, and certifications of the Chief Executive Officer and Chief Financial Officer (collectively, the “2024 Annual Financial Filings”) will not be filed as required under Canadian securities legislation by the required filing deadline of November 28, 2024.
In discussion with its auditors, the Company has determined that it is not able to meet the November 28, 2024 filing deadline (the “Filing Deadline”) under Canadian securities legislation for the 2024 Annual Financial Filings. Although the audit process is substantially complete, the additional financial procedures include (i) final approval of an external accounting memorandum for the auditor, (ii) application of additional audit procedures (as needed) to assess independent conclusions, and (iii) final internal QC sign-off from the auditor. Therefore, the Company is not able to meet the Filing Deadline for the 2024 Annual Financial Filings. The Company is in the process of engaging an external accounting consultant to add to the Company’s resources in order to achieve future filing deadlines.
The Company has applied to the applicable Canadian securities regulatory authorities and received a management cease trade order related to the Company’s securities to be imposed against the Chief Executive Officer and Chief Financial Officer of the Company to trade securities of the Company. The management cease trade order will be in effect until the 2024 Annual Financial Filings are filed, and requires that the 2024 Annual Financial Filings be filed on or around December 9, 2024.
Until the 2024 Annual Financial Filings are filed, the Company intends to provide information in accordance with National Policy 12-203 Management Cease Trade Orders.
A copy of the news release is attached as Exhibit 99.1 hereto.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits
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| Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BODY AND MIND INC. | |||
DATE: November 29, 2024 | By: | /s/ Michael Mills | |
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| Michael Mills President, CEO and Director | |
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