From the opening of new recreational markets to voting on pro-cannabis legislation, we believe the US cannabis industry could be reaching an inflection point. States that have legalized recreational cannabis are generating millions of dollars of tax revenue and we are not surprised to see conservative states get on the cannabis bandwagon.

We continue to have a long-term bullish view on the US cannabis industry and believe the market is discounting the growth prospects that are associated with mid and large-scale multi-state operators (MSOs).

We consider Body and Mind Inc. (CSE: BAMM) (OTC: BMMJ) to be an undervalued US operator with leverage to several of the most attractive cannabis markets. During the last year, the company has been executing on a low-cost expansion strategy and expanded into California, Michigan, Ohio, and Arkansas.

Prior to entering these markets, Body and Mind was capturing market share in Las Vegas while also generating significant brand awareness. Sin City attracts more than 40 million visitors every year and we consider the market to be an attractive launch pad for cannabis brands.

A key reason for Body and Mind’s success in a market as competitive as Las Vegas is due to the strength of the management team. In the cannabis industry, the management team is the most important aspect of any business, and we are favorable on the expertise that is associated with Body and Mind’s leadership team.

When comparing Body and Mind’s expansion strategy with that of other US operators, we are impressed with its management team’s ability to identify, acquire, and revive distressed cannabis assets. The US cannabis operator was able to successfully expand into new markets for a fraction of the cost of other operators and we consider this to be a core pillar of our bullish view on the business.

When analyzing the company on valuation metrics, we believe Body and Mind is trading at a discount and our readers should be aware of this. With leverage to some of the largest recreational cannabis markets in the US, the company has significant growth catalysts and is an operator that is flying under the radar.

Over the next year, we expect to see renewed interest in operators like Body and Mind and believe the current weakness is transitory. Body and Mind has improving fundamentals, owns strategic assets, and has a favorable risk-reward profile. With FY 2021 revenues of $28 million (USD) ($35.5 million CAD) and a market capitalization that is below $25 million (CAD), we are of the opinion that Body and Mind has considerable upside potential and our readers need to be aware of the opportunity.

If you are interested in learning more about Body and Mind, please email support@technical420.com with the subject “Body and Mind” to be added to our distribution list.

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Pursuant to an agreement between StoneBridge Partners LLC and Body and Mind Inc. we have been hired for a period of 90 days beginning October 1, 2021 to publicly disseminate information about (BAMM) including on the Website and other media including Facebook and Twitter. We are being paid $5,000 per month (BAMM) for or were paid “ZERO” shares of unrestricted or restricted common shares. We plan to sell the “ZERO” shares of (BAMM) that we hold during the time the Website and/or Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of (BAMM) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. This contract has been renewed for a 90 day term as of January 1st and will expire on April 1 2022. This contract has been renewed for a 90 day term as of April 1st and will expire on July 1 2022.

Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.