Body and Mind Inc. (BMMJ)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Body and Mind Inc. (BMMJ) with AI Score 39/100 (Weak). Body and Mind Inc. cultivates, processes, distributes, and retails medical and recreational cannabis in multiple U. S. Market cap: 0, Sector: Healthcare.
Last analyzed: Mar 16, 2026Body and Mind Inc. (BMMJ) Healthcare & Pipeline Overview
Body and Mind Inc. (BMMJ) is a cannabis company operating in the U.S., focusing on cultivation, processing, distribution, and retail of medical and recreational cannabis products. With operations in several states and a portfolio of branded products, BMMJ competes in the rapidly evolving cannabis market.
Investment Thesis
Body and Mind Inc. presents a speculative investment opportunity within the expanding U.S. cannabis market. Key value drivers include the company's multi-state operational footprint and its branded product portfolio. Growth catalysts involve potential regulatory changes at the state and federal levels, which could expand market access and reduce operational constraints. However, the company's negative profit margin of -92.1% and reliance on OTC markets pose significant risks. The company's beta of -0.60 suggests a potential inverse correlation to the market. The ability to achieve profitability and navigate regulatory hurdles will be critical for long-term success.
Based on FMP financials and quantitative analysis
Key Highlights
- Operates in multiple U.S. states including Nevada, California, Arkansas, Ohio, and Michigan, providing geographic diversification.
- Offers a range of cannabis products including flower, concentrates, edibles, and topicals under the Body and Mind brand.
- Gross margin of 25.3% indicates potential for profitability improvements with scale and operational efficiencies.
- Trades on the OTC market, which presents both opportunities and risks related to liquidity and regulatory oversight.
- Market capitalization of $0.00B reflects its current valuation and growth potential in the cannabis sector.
Competitors & Peers
Strengths
- Vertically integrated operations.
- Multi-state presence.
- Established brand recognition.
- Diverse product portfolio.
Weaknesses
- Negative profit margin.
- Reliance on OTC markets.
- Limited financial resources.
- High regulatory compliance costs.
Catalysts
- Upcoming: Potential changes in state and federal cannabis regulations could expand market access.
- Ongoing: Expansion of operations into new states and markets.
- Ongoing: Development and launch of new cannabis products.
- Ongoing: Strategic partnerships and acquisitions to enhance market position.
Risks
- Ongoing: Evolving regulatory landscape and compliance costs.
- Ongoing: Intense competition in the cannabis industry.
- Potential: Fluctuations in cannabis prices and market demand.
- Potential: Limited access to capital and financing.
- Ongoing: Negative profit margin and financial instability.
Growth Opportunities
- Expansion into New Markets: Body and Mind Inc. can pursue growth by expanding its operations into additional states as cannabis legalization progresses. Targeting states with favorable regulatory environments and high population densities could significantly increase revenue. The timeline for this expansion depends on legislative changes and the company's ability to secure licenses and establish operations in new jurisdictions. This strategy allows BMMJ to capture a larger share of the growing U.S. cannabis market.
- Product Innovation and Development: Investing in research and development to create new and innovative cannabis products can drive growth. This includes developing new formulations, delivery methods, and product categories that appeal to a wider range of consumers. The timeline for product development varies depending on the complexity of the product and regulatory requirements. Successful product innovation can differentiate BMMJ from competitors and increase brand loyalty.
- Strategic Partnerships and Acquisitions: Forming strategic partnerships with other cannabis companies or acquiring complementary businesses can accelerate growth. This includes partnerships with established brands, technology providers, or distribution networks. Acquisitions can provide access to new markets, technologies, or product lines. The timeline for partnerships and acquisitions depends on market opportunities and the company's financial resources. These strategic moves can enhance BMMJ's competitive position and market reach.
- Increased Retail Footprint: Expanding the company's retail presence through new dispensaries or acquisitions can drive revenue growth. This includes opening new locations in existing markets or entering new markets with a strong retail presence. The timeline for retail expansion depends on regulatory approvals, real estate availability, and capital investment. A larger retail footprint can increase brand visibility and customer access to BMMJ's products.
- Focus on Medical Cannabis Market: With an aging population and increasing acceptance of cannabis for medical purposes, BMMJ can focus on expanding its presence in the medical cannabis market. This includes developing products specifically tailored to medical patients and partnering with healthcare providers. The timeline for this strategy depends on regulatory changes and the company's ability to meet medical cannabis standards. A focus on the medical market can provide a stable revenue stream and differentiate BMMJ from competitors.
Opportunities
- Expansion into new markets.
- Product innovation and development.
- Strategic partnerships and acquisitions.
- Increasing legalization of cannabis.
Threats
- Evolving regulatory landscape.
- Intense competition.
- Fluctuations in cannabis prices.
- Limited access to capital.
Competitive Advantages
- Vertically integrated operations provide control over the supply chain.
- Established brand recognition in key markets.
- Multi-state operational footprint provides diversification.
- Proprietary cultivation and processing techniques.
About BMMJ
Body and Mind Inc., formerly known as Deploy Technologies Inc., was incorporated in 1998 and rebranded in November 2017 to focus on the cannabis industry. Headquartered in Vancouver, Canada, the company cultivates, processes, distributes, and retails medical and recreational cannabis in several U.S. states, including Nevada, California, Arkansas, Ohio, and Michigan. Its product offerings include packaged flower buds, concentrates, Gpen vaporizers, distillate oil cartridges, and distillate-infused edibles. The company produces and sells cannabis flower, oil, extracts, and edibles under its Body and Mind brand. BMMJ also operates the ShowGrow San Diego dispensary and manages the ShowGrow Long Beach dispensary. Additionally, it produces marijuana extract products, such as distillate oils, ice waxes, dry sifts, shatters, edibles, and topicals, catering to both medical and recreational users. The company's vertically integrated operations span cultivation to retail, allowing it to control product quality and supply chain.
What They Do
- Cultivates medical and recreational cannabis.
- Processes cannabis into various forms, including concentrates and extracts.
- Distributes cannabis products to dispensaries.
- Retails cannabis products through company-owned and managed dispensaries.
- Produces and sells cannabis flower, oil, extracts, and edibles under the Body and Mind brand.
- Manufactures marijuana extract products like distillate oils, ice waxes, and shatters.
- Offers a range of products including Gpen vaporizers and distillate oil cartridges.
Business Model
- Vertically integrated operations from cultivation to retail.
- Generates revenue through the sale of cannabis products at dispensaries.
- Wholesale distribution of cannabis products to other retailers.
- Branding and licensing of the Body and Mind name.
Industry Context
The U.S. cannabis industry is experiencing rapid growth, driven by increasing legalization and consumer acceptance. Body and Mind Inc. operates within this dynamic market, competing with both established players and emerging brands. The industry faces evolving regulations, varying state laws, and increasing competition. Companies like BMMJ must adapt to these changes while focusing on product innovation, operational efficiency, and market expansion. The legal cannabis market is projected to reach billions of dollars in the coming years, presenting significant opportunities for growth.
Key Customers
- Medical cannabis patients seeking relief from various conditions.
- Adult recreational cannabis users.
- Wholesale customers including other dispensaries and retailers.
Financials
Chart & Info
Body and Mind Inc. (BMMJ) stock price: Price data unavailable
Latest News
-
The Week In Cannabis: Senate Candidate Sparks Up, Silver Spike's IPO, New York, Mississippi, Pot For Plasma And More
benzinga · Jan 21, 2022
-
Stocks That Hit 52-Week Lows On Thursday
· Feb 27, 2020
-
Stocks That Hit 52-Week Lows On Wednesday
· Feb 26, 2020
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for BMMJ.
Price Targets
Wall Street price target analysis for BMMJ.
MoonshotScore
What does this score mean?
The MoonshotScore rates BMMJ's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Michael Mills
CEO
Michael Mills serves as the CEO of Body and Mind Inc., overseeing the company's operations and strategic direction. His background includes experience in management and leadership roles. He is responsible for guiding the company's growth and expansion in the competitive cannabis market. His leadership is crucial for navigating the complex regulatory environment and achieving profitability.
Track Record: Under Michael Mills' leadership, Body and Mind Inc. has expanded its operations into multiple states and developed a portfolio of branded cannabis products. He has focused on building a vertically integrated business model and increasing the company's retail presence. Key milestones include securing licenses in new jurisdictions and launching innovative product lines.
BMMJ OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Body and Mind Inc. may not meet the minimum financial standards required for higher tiers like OTCQB or OTCQX. Companies in this tier may have limited financial disclosure and may not be subject to the same regulatory oversight as companies listed on major exchanges like the NYSE or NASDAQ. Investing in companies on the OTC Other tier carries higher risks due to the potential for limited information and lower liquidity.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure.
- Lower regulatory oversight.
- Higher price volatility.
- Potential for fraud or manipulation.
- Limited liquidity.
- Verify the company's financial statements.
- Research the company's management team.
- Assess the company's business model and competitive landscape.
- Review the company's regulatory filings.
- Evaluate the company's liquidity and trading volume.
- Consult with a financial advisor.
- Understand the risks associated with OTC investments.
- Operations in multiple U.S. states.
- Established brand recognition.
- Vertically integrated operations.
- Presence in the cannabis industry since 2017.
- Licensed cannabis operations.
BMMJ Healthcare Stock FAQ
What does Body and Mind Inc. do?
Body and Mind Inc. cultivates, processes, distributes, and retails medical and recreational cannabis in several U.S. states. The company operates dispensaries and produces a range of cannabis products, including flower, concentrates, edibles, and topicals, under the Body and Mind brand. Its vertically integrated operations allow it to control the supply chain from cultivation to retail, ensuring product quality and consistency. The company focuses on expanding its market presence and developing innovative cannabis products to meet consumer demand.
What do analysts say about BMMJ stock?
As of 2026-03-16, there is no readily available analyst consensus on Body and Mind Inc. (BMMJ) due to its OTC listing and smaller market capitalization. Key valuation metrics, such as the P/E ratio of -0.12 and a negative profit margin of -92.1%, suggest that the company is not currently profitable. Growth considerations include the potential for market expansion and product innovation, but investors should carefully consider the risks associated with OTC investments and the company's financial performance.
What are the main risks for BMMJ?
The main risks for Body and Mind Inc. include the evolving regulatory landscape of the cannabis industry, which can impact operational costs and market access. Intense competition from other cannabis companies and fluctuations in cannabis prices can also affect profitability. Additionally, the company's reliance on OTC markets and limited access to capital pose financial risks. Investors should carefully consider these factors before investing in BMMJ.
What are the key factors to evaluate for BMMJ?
Body and Mind Inc. (BMMJ) currently holds an AI score of 39/100, indicating low score. Key strength: Vertically integrated operations.. Primary risk to monitor: Ongoing: Evolving regulatory landscape and compliance costs.. This is not financial advice.
How frequently does BMMJ data refresh on this page?
BMMJ prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven BMMJ's recent stock price performance?
Recent price movement in Body and Mind Inc. (BMMJ) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Vertically integrated operations.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider BMMJ overvalued or undervalued right now?
Determining whether Body and Mind Inc. (BMMJ) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying BMMJ?
Before investing in Body and Mind Inc. (BMMJ), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- OTC market data may be limited and less reliable than exchange-listed data.