Vegas Brazil LLC entered into a purchase agreement to acquire Nevada Medical Group, LLC from Body and Mind Inc. (OTCPK:BMMJ) for $2 million on January 31, 2024. The purchase price consists of cash deposit of $0.25 million and $0.75 million to be paid in six months of receipt of regulatory approval by the Nevada Cannabis Compliance Board. And $1 million of promissory note to be delivered by the Vegas Brazil LLC on closing.

The purchase price is subject to a working capital adjustment Note will be paid in six (6) equal monthly payments with the first payment occurring on the seven month anniversary of the closing date. Closing shall occur no later than fifteen (15) calendar days following receipt of Regulatory Approval and satisfaction or waiver