Body and Mind Inc. (OTCQB: BMMJ) (CSE:BAMM) released financial results for the fiscal year ended July 31, 2022, revealing revenue of $31.6 million, a 17.6 % increase over FY 2021 revenue of $26.9 million.
FY 2022 Financial Highlights
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Gross profit of $10.9 million for FY 2022 compared to a gross profit of $ 12.0 for FY 2021.
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Net loss was $28.2 million (or basic and diluted loss per share of $0.25) compared to a FY 2021 net loss of $2.0 million (or basic and diluted loss per share of $0.02).
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Adjusted EBITDA loss of $1.4 million for FY 2022 vs. adjusted EBITDA of $ 3.9 million in FY 2021.
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Total current assets were $8.0 million, total assets were $31.0 million, total current liabilities were $6.6 million and total liabilities were $20.9 million at July 31, 2022.
Subsequent to the end of FY 2022:
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Closed a $3 million unsecured convertible debt financing with Bengal Capital and Mindset Capital.
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Announced that Bengal Capital partner Josh Rosen would be joining the company's board of …