- SHRM issues almost 19 million common shares in conjunction with IPO offering; raises more than $2.8 million
- Flagship product line is Vitality Superteas, infused with proprietary formulation of artisanal mushrooms
- National Institutes of Health (NIH) and Good Housekeeping extol health benefits of mushrooms
Champignon Brands Inc. (CSE: SHRM), a research-driven company specializing in the formulation and distribution of artisanal-mushroom health supplements, has completed its IPO and is now listed on the Canadian Stock Exchange. Based in Vancouver, British Columbia, Champignon issued 18,916,667 common shares in conjunction with the IPO offering, raising $2,837,500 in gross proceeds in the market transaction (http://cnw.fm/2gn2O).
The Champignon suite of products is built around the company’s belief that mushrooms enhance the health and wellness of its consumers – a notion that appears to be well founded. Numerous research studies tout the benefits of mushrooms. Champignon is aggressively pursuing its mission of researching and distributing premium medicinal mushrooms-infused products, which target high-margin markets, as well as consumers interested in the health and wellness benefits associated with mushrooms.
“Nowadays, mushrooms are popular valuable foods because they are low in calories, carbohydrates, fat, and sodium,” states an article published by the Journal of Microbiology on the National Institutes of Health (NIH) website (http://cnw.fm/85zvQ). “Also, they are cholesterol-free. Besides, mushrooms provide important nutrients, including selenium, potassium, riboflavin, niacin, vitamin D, proteins, and fiber. All together with a long history as food source, mushrooms are important for their healing capacities and properties in traditional medicine. It has reported beneficial effects for health and treatment of some diseases.”
A Good Housekeeping article (http://cnw.fm/kwO1H) notes that “although white foods are often thought to be nutrient-poor, mushrooms are an exception… They contain many minerals, like selenium, potassium, copper, iron and phosphorus, that are not often found in plant-derived foods.” Given their fully loaded nutrient list, it’s no wonder mushrooms are identified as a superfood.
Capitalizing on the benefits of the mighty mushroom is Champignon Brands, which specializes in mushroom health supplements that promote holistic health and wellness. The company offers a mushroom-infused portfolio of products, including its flagship product line: Vitality Superteas. In addition, Champignon has signed an R&D agreement and product formulation partnership with Canadian-based Drip Coffee Social Ltd.
Vitality Superteas are conventional organic teas that combine a proprietary mix of artisanal mushrooms that are sold through influencer marketing on social media and online (http://cnw.fm/lV9qd). Champignon’s Superteas include Nourish Force Supertea, Mighty Recharge Supertea and Brain Enhance Supertea.
Recent research finds that the global market for functional consumer products infused with the nutritional benefits of mushrooms is projected to reach $34.3 billion by 2024 and grow at a compound annual rate (CAGR) of 8.04% from 2019-2024 (http://cnw.fm/3t2zI). The research also sees Europe as the fastest-growing market. With its innovative product line, Champignon poses an attractive option for investors looking to break into the health and wellness beverage industry.
For more information, visit the company’s website at www.ChampignonBrands.com
NOTE TO INVESTORS: The latest news and updates relating to SHRM are available in the company’s newsroom at http://cnw.fm/SHRM
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