Body and Mind Inc. (OTCMKTS:BMMJ) was up 3% in the last session after the multi-state operator announced that Ohio customers can now access its products, and it also gave an update on Arkansas and Michigan operations.
Trading Data
On Monday, BMMJ stock moved up 2% at $0.4234 with more than 151k shares, compared to its average volume of 79k shares. The stock has moved within a range of $0.4080 – 0.4408 after opening trade at $0.4338.
Body and Mind Expands Branded Products to Ohio
The company expects to release its fiscal year 2021 financial results on Thursday or before. In addition, Body and Mind will hold a conference call on November 19 to discuss the results.
In Ohio, the company’s new facility is adjacent to its dispensary west of Cleveland. It is designed to manufacture the popular Body and Mind concentrates through hydrocarbon extractions, oils, and edibles.
CEO Michael Mills said that they are delighted to launch the first SKUs in Ohio.The company’s Muskegon dispensary in Michigan is moving fast through renovation, and already Body and Mind has hired a general manager for the facility. BaM and Comprehensive Care Group started the first cultivation harvest at the West Memphis location and expected BaM flower to be available by the end of this month. Investors should watch BBMJ.
Technical Data
BMMJ stock is trading below the 20-Day and 50-Day Moving averages of $0.42 and $0.43 respectively. However, the stock is trading above 200-Day moving average of $0.45. The stock is up 10% in the past month.
