Champignon Brands (CSE: SHRM), a wellness company
specializing in medicinal mushroom and mushroom-infused products, today
announced its intent to commence a normal course issuer bid (“NCIB”) to
purchase up to a total of 2,411,883 common shares, representing 5% percent of
the issued and outstanding common shares of the company as of March 20, 2020.
Per the news release, Champignon believes that current market conditions have
resulted in its shares being undervalued relative to the immediate and
long-term value of its vertically integrated portfolio of alternative medicine
products. Pursuant to the NCIB, the company may purchase the common shares through
the facilities of the Canadian Securities Exchange (“CSE”) and/or alternative
trading systems, at various times over the next 12 months if considered
advisable. Purchases may commence through the CSE and/or alternative trading
systems on March 27, 2020 and will conclude on either the date on which
purchases under the bid have been completed or on March 27, 2021, whichever
comes first. All common shares purchased by the company will be cancelled. The
company appointed PI Financial Corp. to coordinate and facilitate its NCIB
purchases.
To view the full press release, visit http://ibn.fm/aJ8VP
About Champignon Brands Inc.
Champignon Brands Inc. (CSE: SHRM) is a Canada-based company
dedicated to the distribution of artisanal medicinal mushrooms infused
products. The Champignon team is mandated with enhancing the health and
wellness of millions of potential consumers through the distribution of a
premium, mushroom-infused product suite. Champignon continues to be inspired by
sustainability, as all of its eligible SKUs are organic, non-GMO and vegan
certified. For more information, visit the company’s website at 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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