San Diego has its newest legal dispensary, ShowGrow San Diego, located at 7625 Carroll Road. The retail outlet services both medical and recreational clients. In the Miramar area, the dispensary is almost 3,700 square feet with ample parking. The dispensary is co-owned by publicly-traded multi-state operator Body and Mind (CSE: BAMM) (OTCQB: BMMJ), Body and Mind has branded pre-rolls, distillate, and live-resin cartridges and concentrates including live sugar, live resin, shatter and batter.
“California is a key part of our growth strategy, and opening in the limited license jurisdiction of San Diego expands our presence in this key market. I’d like to thank the team at Australis Capital who were instrumental in commencing this deal, and we look forward to adding meaningful revenue to our top and bottom line,” stated Michael Mills, President and Interim CEO of Body and Mind. “Our gratitude goes to the team who have moved through the licensing and development process to create value for our shareholders. As the retail world has changed, our team has worked tirelessly to ensure our dispensary is prepared to serve patients and customers in a clean and safe environment.”
“We are thrilled BaM has achieved this expansion milestone,” stated Scott Dowty, CEO of Australis Capital Inc. “Australis Capital and the BaM team worked closely together to facilitate this opportunity, and we are delighted they have achieved this significant milestone in such a difficult market.”
BaM cannabis strains have won numerous awards, including the 2019 Las Vegas Weekly Bud Bracket, Las Vegas Hempfest Cup 2016, High Times Top Ten, the NorCal Secret Cup, and the Emerald Cup.
BaM continues to expand operations in Nevada, California, Arkansas, and Ohio. As weed has been labeled an essential business, retail dispensaries will play a pivotal role in local municipalities’ finances over the next few months. The city of San Diego’s cannabis ordinance allows for 36 retail permits, four in each of its nine districts. Twenty-five marijuana outlets have been approved so far.