Reminder to Shareholders: Pomerantz Law Firm Represents Champignon Brands Inc.’s Investor Investigation Claim-SHRMF

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New York, June 3, 2021 (Global News Service) – Pomerantz LLP is investigating claims on behalf of Champignon Brands Inc. (“Champignon” or “Company”) (OTCMKTS: SHRMF) investors. It is recommended that such investors contact Robert S. Willoughby newaction@pomlaw.com Or 888-476-6529, ext. 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 that “The company has decided to withdraw and resubmit the condensed interim consolidated financial statements and management discussion and analysis (‘MD&A’) for the three-month and six-month period ending March 31, 2020. “. The company recommends investors “[f]Or for the three-month and six-month period ending March 31, 2020, the company previously confirmed intangible assets related to the acquisition of Artisan Growers Ltd., Novo Formulations Ltd. and Tassili Life Sciences Corp. (the “acquisition”), in total “About 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 the International Financial Reporting Standards, so they will be recorded as company losses and consolidated loss statements Transaction costs. The company also announced, “It has been determined that one of the company’s shareholders and contracted consultants (‘consultants’) are related parties to the acquisition. ”

Affected by this news, Champignon’s share price fell by approximately US$0.08 per share, 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. Pomerantz Firm was founded by the late Abraham L. Pomerantz and is known as the president of the Class Litigation Lawyers Association, setting a precedent in the field of securities class actions. Today, more than 80 years later, Pomerantz continues to follow the tradition he founded 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 its members.Look www.pomerantzlaw.com

contact:
Robert S. Willoughby
Pomerantz Law Firm
rswilloughby@pomlaw.com

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