Item 8.01 Other Events
On December 31, 2020, Body and Mind Inc. (the "Company" or "BaM") issued a news
release to announce that its interim financial statements for the three month
period ended October 31, 2020, including the related management discussion and
analysis, and CEO and CFO certifications (collectively, the "October 31, 2020
Interim Financial Filings") were not filed as required under Canadian securities
legislation by the required filing deadline of December 30, 2020.
The Company has determined that it was not able to meet the December 30, 2020
filing deadline (the "Filing Deadline") under Canadian securities legislation
for the October 31, 2020 Interim Financial Filings. Although the review process
is progressing, the Company anticipates some delays in completing the review
process, such that the Company is not able to meet the Filing Deadline for the
October 31, 2020 Interim Financial Filings. The Company is taking proactive
measures to address delays and the Company is working to complete the interim
financial filings as soon as possible.
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 October 31, 2020 Interim Financial
Filings are filed, and requires that the October 31, 2020 Interim Financial
Filings be filed on or before January 28, 2021.
Until the October 2020 Interim 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.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Description
99.1 News Release dated December 31, 2020.
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