DEADLINE ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Champignon Brands, Inc. and Encourages Investors to Contact the Firm

NEW YORK–(BUSINESS WIRE) – Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, announced that a class action lawsuit has been filed in the US District Court for the Central District of California on behalf of the investors who purchased Champignon Brands, Inc. (Other OTC: SHRMF) securities between March 27, 2020 and February 17, 2021, inclusive (the “Class Period”). Investors have until June 9, 2021 to apply to the court for appointment as the lead plaintiff in the litigation.

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On February 17, 2021, Champignon published a press release entitled “Champignon Brands to Restate Financial Statements and MD&A has Prepared CSE Listing Statement”.

As a result of this news, Champignon’s share price fell 10%, closing at $ 0.687 per share on February 17, 2021.

The complaint, filed on April 10, 2021, alleges that throughout the class action period, defendants made false and / or misleading statements and / or failed to disclose: (1) Champignon had undisclosed material weaknesses and inadequate financial controls; (2) Champignon’s previously published financial reports were inaccurate and unreliable; (3) The previously published annual financial statements of Champignon would have to be adjusted; (4) An undisclosed related party was involved in the Champignon acquisitions; (5) As a result of the above and subsequent reporting delays and issues, British Columbia Securities Commissioners would suspend Champignon’s from trading; and (6) as a result, defendants’ statements about the business, operations and prospects of Champignon were materially false and misleading and / or were unfounded at all relevant times. When the real details hit the market, the lawsuit claims that investors have suffered damage.

If you have purchased Champignon Securities during the Class Action Period and suffered a loss, have information, want to learn more about these claims, or have any questions about this announcement or your rights or interests in relation to these matters, please contact Brandon Walker, Melissa Fortunato or Marion Passmore by emailing [email protected], by phone at (212) 355-4648, or by completing this contact form. There are no costs or obligations for you.

About Bragar Eagle & Squire, PC:

Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents private and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. More information about the company can be found at www.bespc.com. Lawyer advertising. Previous results do not guarantee similar results.