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May 20, 2021, New York, New York-Pomerantz LLP is representing Champignon Brands Inc. (“Champignon” or “Company”) (OTCMKTS: SHRMF) Investor Investigation Claim. It is recommended that such investors contact Robert S. Willoughby at: newaction@pomlaw.com Or 888-476-6529, extension 7980.
The investigation involves whether Champignon and some of its officers and/or directors are engaged in securities fraud or other illegal business practices.
[Click here for information about joining the class action]
On February 17, 2021, Champignon announced: “The company has decided to withdraw and resubmit the condensed interim consolidated financial statements and management’s discussion and analysis (MD&A) for the three and six months ended March 31, 2020.” . The company recommends investors, “[f]Or for the three-month and six-month period ending March 31, 2020, the company’s previously confirmed intangibles related to the acquisition of Artisan Growers Ltd., Novo Formulations Ltd. and Tassili Life Sciences Corp. Assets totaled approximately US$12 million,” but then “management determined that the financial statements need to be restated to correct the accounting treatment of the acquisition, because the assets do not meet the definition of intangible assets in terms of international financial reporting standards, so they The record is that the company also announced that “it has been determined that the company’s shareholders and contract consultants (“consultants”) are related to the acquisition.”
On this news, Champignon’s share price fell by approximately US$0.08, or 10.78%, on February 17, 2021, to close at US$0.69 per share.
Pomerantz has offices in New York, Chicago, Los Angeles and Paris, and is recognized as one of the leading firms in the field of corporate, securities and antitrust litigation. Founded by the late president of class action law firm Abraham L. Pomerantz (Abraham L. Pomerantz), Pomerantz has pioneered the field of securities class actions. Today, more than eighty years later, Pomerantz continues to uphold the tradition he established to fight for the rights of victims of securities fraud, breach of fiduciary duties and corporate misconduct. The company has recovered millions of dollars in damages on behalf of class members.Look www.pomerantzlaw.com
contact:
Robert Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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