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Champignon Brands Inc. (SHRMF)

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Champignon Brands Inc.
 
Champignon Brand Inc. is a research-driven Company specializing in Mushroom Health Supplements that promote Holistic Health and Wellness.
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The Canadian based company dedicated to the distribution of artisanal, medical mushrooms and associated CPGs.
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The Champignon team believes that we enhance the health and wellness of Millions of consumers through the distribution of their premium, mushroom-infused suite of products.
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Champignon Brands Inc is a member of The AMerican Mushroom Institue (AMI). The Institue is a national voluntary trade association representing the growers, processors and marketers of the cultivated mushroom in the United States and the industry worldwide. Membership is available to any person interested in the mushroom industry.
Categories of membership are grower, associate, professional and retiree.
 

100% Intellectual Property Ownership

Patents are the lifeblood of the biotech industry. Biotechnology is one of the most research-intensive industries, with companies in the sector typically investing between 40% and 50% of their revenues in research and development, compared to 13% in pharmaceuticals and 5% in the chemical industry. In many cases, IP rights can actually be the final product.

That's why Champignon Brands' ( SHRM ; SHRMF ) already impressive cache of pharmaceutical patents gives it a leg up in the competitive rush to claim market share in the nascent Psilocybin industry.

Normally, when you do clinical trials, the ideal is to own the resulting IP. Champignon is partnering with the University of Miami and Miller School of Medicine in its research work but will own 100% of the intellectual property, drug discovery, and resultant data.

Its Psilocybin Patent Portfolio will greatly help the company in the commercialization of GMO and vegan certified rapid onset treatments capable of improving health outcomes, such as depression and post-traumatic stress disorder (PTSD), as well as substance and alcohol use disorders. Even better: It can license its patented formulations to other companies as it deems fit.
 

Champignon Brands Provides Update on Continuous Disclosure Review

Canada NewsWire

VANCOUVER, BC, Oct. 29, 2020

VANCOUVER, BC, Oct. 29, 2020 /CNW/ - Champignon Brands Inc. ("Champignon" or the "Company") (CSE: SHRM) (FWB: 496) (OTCQB: SHRMF) continues to work diligently with the British Columbia Securities Commission (the "Commission") to address the ongoing continuous disclosure review and to coordinate the revocation of the existing cease trade order. The Company will provide guidance on definitive timing for revocation as soon as possible.

The Company has submitted all requested documentation to the Commission in connection with the review of financial statements of AltMed Capital Corp. ("AltMed") for the period ended June 30, 2020, and subject to review by the Commission expects to move forward with the finalization and public filing of these statements in short order. 

Continuous Disclosure Review History

On June 19, 2020, the Company was notified by the Commission that it would be subject to a continuous disclosure review. Such reviews are conducted by the Commission for the purposes of ensuring compliance with the continuous disclosure obligations imposed by applicable Canadian securities laws. In the case of the Company, this review relates to the Company's disclosure obligations since it became a reporting issuer on February 6, 2020 and includes a review of the disclosure surrounding acquisitions completed by the Company since that time.

In connection with the review, on June 19, 2020, the Commission issued a cease trade order suspending trading in the securities of the Company pending the filing of Business Acquisition Reports in connection with the acquisitions of Artisan Growers Ltd., Novo Formulations Ltd. and Tassili Life Sciences Corp. As a result of the cease trade order, trading in the common shares of the Company was suspended on the Canadian Securities Exchange.

The Business Acquisition Reports were filed by the Company on July 21, 2020, during which time the Company continued to work with the Commission to address comments received in the course of the disclosure review. As a result of the filing of the Business Acquisition Reports, on August 26, 2020, the Commission revoked the cease trade order previously issued on June 19, 2020. Concurrently with the revocation, the Commission issued a replacement cease trade order (the "Replacement Order"), pending the filing of a revised material change report (the "Material Change Report") in connection with the acquisition by the Company of AltMed.

Prior to the finalization of a revised Material Change Report, the Company is required to finalize the accounting treatment for the acquisition of AltMed, which includes compiling the financial statements of AltMed for the six-month period ended June 30, 2020 to meet disclosure requirements.

On October 27, 2020, the Commission issued an additional cease trade order pending the filing of the interim financial statements of the Company for the period ended June 30, 2020 (the "October Order").

The October Order is not expected to affect the review process or timing for the resumption of trading of the common shares of the Company as the reports required to be filed to satisfy the Replacement Order will address the outstanding items in the October Order. 

For further clarity, the Company anticipates that the Replacement Order and the October Order will be revoked at the same time.  The Company is working diligently with the Commission to ensure that the revocation of both the Replacement Order and October Order occurs as soon as possible.

Dr. Roger McIntyre
Chief Executive Officer
E: info@champignonbrands.com

FOR INVESTOR INQUIRIES:

Champignon Brands | Storyboard Communications
Investor Relations, Toronto, Canada
Investor Line:  +1 (833) 375-9995 x611
E: champignonbrands@storyboardcommunications.com

 

https://champignonbrands.com/




 
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PostSubject
#218  Sticky Note Champignon Appoints Dr. Roger McIntyre as Chief Executive Officer JohnCM 05/12/20 02:06:06 PM
#562   .14's I'm In!!! cuckoo 4 cocoa puffs 11/13/20 11:08:49 AM
#561   This b****t is taking up bandwidth. JohnCM 11/13/20 09:15:03 AM
#560   Chart looks crappy .14's coming Fress 11/13/20 09:12:15 AM
#559   https://www.stockscores.com/chart.asp?TickerSymbol=SHRMF&TimeRange=90&Inter JohnCM 11/03/20 03:20:13 AM
#558   https://psilocybinalpha.com/ JohnCM 11/02/20 04:57:49 AM
#557   Time to buy once again. JohnCM 10/30/20 11:02:05 PM
#556   Sorry, shouldn't have piggybacked on your comment. JohnCM 10/30/20 11:01:47 PM
#555   You're telling me this, why? Axolotl 10/30/20 10:26:02 PM
#554   Time to buy once again. JohnCM 10/30/20 10:09:47 PM
#553   Apparently but I do not watch the Canadian markets. JohnCM 10/20/20 07:14:49 AM
#552   Has been for over two, going on three months. Axolotl 10/19/20 06:23:06 PM
#551   Isn’t it still halted on CSE? Bearkat05 10/19/20 02:28:32 AM
#550   BUY NOW. JohnCM 10/18/20 11:02:47 PM
#549   will they take this real or fake opportunity Mandofellow 10/16/20 10:44:12 AM
#548   ...is it normal for a halted canadian company Mandofellow 10/16/20 10:42:44 AM
#547   Champignon Provides Update on Disclosure Review JohnCM 10/13/20 04:27:21 AM
#546   When is the halt going to be lifted? Bearkat05 10/13/20 04:04:25 AM
#545   https://www.stockscores.com/chart.asp?TickerSymbol=SHRMF&TimeRange=30&Inter JohnCM 10/12/20 11:04:54 AM
#544   https://www.stockscores.com/chart.asp?TickerSymbol=SHRMF&TimeRange=90&Inter JohnCM 10/08/20 08:21:13 PM
#543   wish the gaps were not left open here...up Mandofellow 10/08/20 01:00:04 PM
#542   riding coattails here...clearly not currently as sexy as Mandofellow 10/08/20 11:22:28 AM
#540   Yes. I was buying and selling down to JohnCM 10/06/20 06:01:50 AM
#539   Not very hard given the current market climate. Axolotl 10/06/20 04:48:52 AM
#538   Dwarfed 566% in about 2 months? Well then, JohnCM 10/06/20 04:46:07 AM
#537   Been mutilple moves that dwarfed that in the Axolotl 10/06/20 01:38:07 AM
#536   I guess you might say that if you JohnCM 10/06/20 01:17:17 AM
#535   Not even that good of an OTC trade. There's Axolotl 10/06/20 01:02:57 AM
#534   OK. This is the second time I have JohnCM 10/05/20 09:14:43 AM
#533   Dr. Roger McIntyre Elected Board Chair of Champignon JohnCM 10/05/20 09:11:14 AM
#532   I have plenty of quality positions, but there JohnCM 10/05/20 07:35:10 AM
#531   There’s literally thousands of stocks, with opportunities everywhere. T695 10/05/20 07:34:39 AM
#530   Eventually. You may miss another "trade." JohnCM 10/05/20 07:33:37 AM
#529   I think it’ll touch it again T695 10/04/20 09:22:03 AM
#528   Never said it was impossible to make money Axolotl 10/04/20 08:55:53 AM
#527   You had it for a moment. JohnCM 10/04/20 08:12:25 AM
#526   I have been out of my mind twice, JohnCM 10/04/20 08:11:35 AM
#525   This trash has been halted in Canada for Axolotl 10/02/20 02:56:39 PM
#524   No, I think they are planning to take JohnCM 10/01/20 11:07:01 PM
#523   What has Mr. Wonderful and flies? Scumbag Fraudsters 10/01/20 03:36:37 AM
#522   Maybe tomorrow we pull back a bit more, T695 09/29/20 04:11:06 PM
#521   Looks like thy're planning to take it into cuckoo 4 cocoa puffs 09/29/20 10:48:14 AM
#520   Pull on back to the .30’s to be T695 09/28/20 09:11:03 PM
#519   https://www.stockscores.com/chart.asp?TickerSymbol=SHRMF&TimeRange=15&Inter JohnCM 09/26/20 09:52:25 AM
#518   as there are way superior companies emerging JohnCM 09/26/20 02:10:44 AM
#517   I don't know about the business. I like JohnCM 09/26/20 02:09:18 AM
#516   One of the originals. Take a peek at JohnCM 09/26/20 02:02:44 AM
#515   I like this sector as it reminds me BEIJING BILL 09/24/20 03:42:36 PM
#514   Serious DD needed here. I am invested here Nosnibor 09/24/20 11:02:05 AM
#513   Another mushvroom pley i see BEIJING BILL 09/24/20 10:57:01 AM
#512   BUY the dips! JohnCM 09/24/20 10:54:16 AM
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