Ascend New Jersey, LLC /
BAM NJ
Ascend New Jersey takes over New Jersey cannabis retailer
Source for the buyer and target: BODY & MIND INC.
For the buyer and target.
“LAS VEGAS, NV and VANCOUVER, B.C., CANADA – August 25, 2025 – Body and Mind Inc. (CSE: BAMM, Expert Market: BMMJ) (the “ Company ” or “ BaM ”) is pleased to announce the Company's wholly owned subsidiary, DEP Nevada, Inc. (" DEP ") has entered into a Purchase Agreement with Ascend New Jersey, LLC (the “ Purchaser ”), whereby DEP, which owns 100% of BaM Body and Mind Dispensary NJ, Inc. (“ BAM NJ ”) agrees to sell all of the equity interests (the “ Interests ”) in BAM NJ to the Purchaser.”
Published 5 Sep 2025
Open the sourceWhat happened
Ascend New Jersey, LLC completed its purchase of BAM NJ on Aug. 22, 2025. DEP Nevada, Inc. agreed to sell the company’s shares to Ascend. [01]
Consideration includes $1,000,000, less indebtedness and certain fees and expenses, with another $1,000,000 contingent on license approval. [01]
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Ascend New Jersey takes over New Jersey cannabis retailer
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“Ascend New Jersey takes over New Jersey cannabis retailer Ascend New Jersey, LLC completed its purchase of BAM NJ on Aug. 22, 2025”
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