BMMJ - Body and Mind extends debt financing

Body and Mind (OTCQB:BMMJ) provides updates on extension and amendments to its loan agreement entered into between the company, DEP Nevada, a wholly owned subsidiary of the company, the guarantors as set forth in the loan agreement, FG Agency Lending and Bomind, dated July 19, 2021, as amended on November 30, 2021. The company has entered into a second amendment to the loan agreement to extend the maturity date by one year to July 19, 2026. Amendment no. 2 to loan agreement allows the outside date for the company to draw on the delayed draw term loan of $4.44M to be extended from June 1, 2022 to March 31, 2023, whereby $4M in funds will be advanced to the company. It also increases the interest rate on the advanced funds from 13% to 15% per annum, which additional 2% interest may be paid in kind, with the interest being payable on

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Body and Mind extends debt financing