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.
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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.
