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Overall body and Head Announces Delay in Filing Interim Fiscal Statements

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VANCOUVER, BC, Dec. 31, 2020 /PRNewswire via COMTEX/ —
VANCOUVER, BC, Dec. 31, 2020 /PRNewswire/ – Physique and Thoughts Inc. (CSE: BAMM) (OTCQB: BMMJ) (the “Enterprise” or “BaM“) needs to announce that its interim money statements for the 3 thirty day period period of time ended Oct 31, 2020, like the connected management dialogue and examination, and CEO and CFO certifications (collectively, the “October 31, 2020 Interim Money Filings“) had been not submitted as necessary less than Canadian securities laws by the needed submitting deadline of December 30, 2020.

The Enterprise has identified that it was not in a position to fulfill the December 30, 2020 submitting deadline (the “Filing Deadline“) under Canadian securities laws for the Oct 31, 2020 Interim Economic Filings. Although the critique process is progressing, the Company anticipates some delays in finishing the overview system, this kind of that the Corporation is not ready to meet up with the Filing Deadline for the October 31, 2020 Interim Economical Filings. The Firm is getting proactive actions to tackle delays and the Company is functioning to total the interim economical filings as soon as feasible.

The Corporation has used to the relevant Canadian securities regulatory authorities and received a management cease trade get linked to the Company’s securities to be imposed against the Chief Govt Officer and Main Financial Officer of the Enterprise to trade securities of the Firm. The administration stop trade get will be in result till the Oct 31, 2020 Interim Economic Filings are submitted, and requires that the October 31, 2020 Interim Monetary Filings be submitted on or right before January 28, 2021.

Until the October 2020 Interim Economical Filings are filed, the Enterprise intends to give information and facts in accordance with Countrywide Coverage 12-203 Management Cease Trade Orders. 

About Body and Thoughts Inc.

BaM is an functions targeted multi-condition operator investing in higher good quality clinical and leisure hashish cultivation, creation and retail. BaM’s wholly owned Nevada subsidiary was awarded a single of the initially health care cannabis cultivation licenses and holds cultivation and production licenses. BaM products contain dried flower, edibles, oils and extracts as effectively as GPEN Gio cartridges. BaM hashish strains have received quite a few awards including the 2019 Las Vegas Weekly Bud Bracket, Las Vegas Hempfest Cup 2016, Large Occasions Top Ten, the NorCal Key Cup and the Emerald Cup.

BaM continues to extend operations in Nevada, California, Arkansas and Ohio and is committed to expanding shareholder value by focusing time and assets on increasing operational efficiencies, facility expansions, pursuing state licensing chances and mergers and acquisitions.

Be sure to visit www.bodyandmind.com for much more data.
Instagram: @bodyandmindBaM
Twitter: @bodyandmindBaM

Neither the Canadian Securities Trade nor its Industry Regulator (as that phrase is described in the policies of the Canadian Securities Trade) accepts responsibility for the adequacy or accuracy of this launch.

Harmless Harbor Assertion
Except for the statements of historic point contained herein, the details presented in this information release constitutes “forward-hunting statements” as this sort of term is used in applicable United States and Canadian guidelines. These statements relate to analyses and other facts that are based on forecasts of future outcomes, estimates of quantities not nevertheless determinable and assumptions of administration, a nicely as the timing for preparation and submitting of the 2020 Once-a-year Monetary Filings, and the timing and period of the management stop trade purchase less than National Policy 12-203. Any other statements that categorical or include discussions with regard to predictions, anticipations, beliefs, programs, projections, goals, assumptions or potential occasions or general performance (generally, but not usually, applying words and phrases or phrases these kinds of as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “options, “estimates” or “intends”, or stating that particular actions, activities or effects “may possibly”, “could”, “would”, “may” or “will” be taken, occur or be attained) are not statements of historical simple fact and really should be seen as “ahead-seeking statements”. Such forward-looking statements require identified and not known dangers, uncertainties and other factors which may possibly bring about the real effects, effectiveness or achievements of the Corporation to be materially distinct from any long term effects, overall performance or achievements expressed or implied by these ahead-searching statements. This sort of dangers and other components consist of, among other people, the actual benefits of activities, variations in the underlying assumptions affiliated with the estimation of pursuits, the availability of capital to fund plans and the resulting dilution brought on by the elevating of capital as a result of the sale of shares, mishaps, labor disputes and other dangers. Though the Corporation has tried to recognize vital things that could bring about real steps, events or benefits to vary materially from these explained in forward-searching statements, there might be other variables that cause actions, situations or effects not to be as expected, believed or meant. There can be no assurance that such statements will verify to be exact as genuine effects and long run activities could differ materially from those predicted in these kinds of statements. Accordingly, viewers need to not put undue reliance on ahead-searching statements contained in this news release and in any doc referred to in this news launch.

Specified issues reviewed in this information launch and oral statements produced from time to time by associates of the Firm may possibly represent forward-searching statements. While the Organization thinks that the anticipations mirrored in this kind of forward-looking statements are dependent upon affordable assumptions, it can give no assurance that its expectations will be achieved. Forward-seeking data is topic to particular threats, tendencies and uncertainties that could bring about true final results to vary materially from those people projected. Numerous of these factors are outside of the Company’s skill to handle or predict. Essential aspects that may well result in precise results to differ materially and that could affect the Firm and the statements contained in this news launch can be uncovered in the Company’s filings with the Securities and Trade Commission. The Enterprise assumes no obligation to update or nutritional supplement any forward-on the lookout statements regardless of whether as a consequence of new details, foreseeable future situations or otherwise. This push release shall not constitute an offer to sell or the solicitation of an provide to acquire securities.

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Source Entire body and Head Inc.

COMTEX_377066358/2454/2020-12-31T19:24:00

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