Producer and distributor of artisanal mushroom-infused beverage products and health supplements for mental wellness Champignon Brands Inc. (CSE: SHRM) (OTCQB: SHRMF) announced having filed a new listing statement with the Canadian Security Exchange (CSE).
This filing includes a disclosure linked to acquisition of AltMed Capital Corp. This purchase deal included a reverse takeover of the company by AltMed.
Additionally, Champignon also filed with Ontario Securities Commission and the British Columbia Securities Commission urging the respective commissions to revoke their cease trade orders against Champignon.
Citing regulatory documents, the common shares of champignon stopped being traded by these two commissions due to content deficiency in the company’s material change which happened April 30, last year.
Failure to provide periodic financial disclosure for the interim period ended June 30, 2020 was also another reason why the common stock stopped being traded.