Champignon Brands (CSE: SHRM), a wellness company
specializing in medicinal mushroom and mushroom-infused products, continues to
advance its vertical integration through the addition of craft mushroom
production, manufacturing and research capabilities. On Friday, the Company
announced its entry into a definitive agreement to acquire Artisan Growers
Ltd., a British Columbia based craft mushroom cultivator and supplier. Artisan
Growers utilizes a variety of techniques and infrastructure to produce premium
craft mushrooms, operating a craft cultivation facility capable of producing an
assortment of organic varietals including Lion’s Mane, Chaga, Reishi and
Agaricus Blazei. According to the update, Champignon plans to integrate Artisan
Growers’ craft mushroom production capacity into its existing medicinal
mushroom manufacturing, formulation and distribution infrastructure in
continued control of its supply chain directly to the end user. “With the
acquisition of Artisan Growers, we continue to optimize our upstream,
downstream and distribution capabilities, all the while securing valuable
infrastructure to expedite our R&D pursuits,” Champignon Brands Chief
Executive Officer Gareth Birdsall said in the news release. “Over the coming
quarters we will tactically execute on our stated business plan and look to
also emerge as a best-in-class vertically integrated medicinal mushroom extract
formulator, integrating alternative medicine, clinical research and vocational
rehabilitation into the Company’s current product portfolio.”
To view the full press release, visit http://ibn.fm/MAXwz
About Champignon Brands Inc.
Champignon Brands has positioned itself to rapidly become a
global force as a vertically integrated producer of artisanal medicinal
mushrooms and associated products. The Champignon team is focused on enhancing
the health and wellness of millions of consumers who can benefit from its
premium suite of organic, sustainable and non-GMO mushroom and mushroom-infused
formulations. For more information, visit www.Champignonbrands.com.
NOTE TO INVESTORS: The latest news and updates
relating to SHRM are available in the company’s newsroom at http://ibn.fm/SHRM
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