Champignon Brands To Resume Trading Today

Champignon Brands (CSE: SHRM) is expected to resume trading today after what was a nearly year-long trading halt imposed by both the British Columbia Securities Commission and Ontario Securities Commission.

The company has seen the revocation of cease trade orders issued by the two commissions, effective April 22. Following the acceptance of a listing statement by the CSE, the company is now to resume trading on the Canadian Securities Exchange this morning.

A number of developments occurred during the time it was halted, including the restructuring of its corporate structure, the appointment of a new CFO and general counsel, as well as the development of its business units. The company currently operates a network of clinics that provides treatment for depression, while also conducting research and development on novel drug treatments.

Finally, the company also announced that it has seen voluntary contributions of capital from certain existing shareholders, resulting in their cap table seeing a decline in shares outstanding to that of $167.5 million.

Champignon Brands last traded at $0.89, and has been halted since June 19, 2020.


Information for this briefing was found via Sedar and the companies mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

Champignon Brands Appoints Dr Joseph Gabriele To Special Advisory Committee

Champignon Brands (CSE: SHRM) this morning announced that it is bolstering its special advisory committee...

Wednesday, March 25, 2020, 08:57:50 AM

Champignon Brands Signs Definitive Agreement To Acquire AltMed Capital

Champignon Brands (CSE: SHRM) has announced this evening that it will be acquiring alternative medicine...

Thursday, April 9, 2020, 09:03:04 PM

Champignon Brands Appoints Medipharm Labs CEO Pat McCutcheon to Board

This morning Champignon Brands Inc. (CSE: SHRM) announced the appointment of Pat McCutcheon to its...

Wednesday, May 6, 2020, 09:18:25 AM

Champignon Brands Announces Voluntary Share Lockup Agreement

Champignon Brands (CSE: SHRM) this morning announced that certain of the firms shareholders have agreed...

Friday, May 29, 2020, 08:23:52 AM

Champignon Brands To Acquire Biotech Firm Novo Formulations

Champignon Brands (CSE: SHRM) announced today that they have signed a definitive agreement to acquire...

Thursday, March 19, 2020, 03:27:32 PM