Champignon Brands Inc (CSE:SHRM) (OTCQB:SHRMF), a wellness company focused on areas of psychedelic medicine, said it has retained Gold Standard Media LLC (GSM) to provide marketing and consulting services as the firm moves to expand its North American clinical footprint.
Vancouver-based Champignon plans to open at least five new clinics in North America this year.
The initial agreement with GSM covers a two-year term effective May 28, 2020, at an aggregate cost of US$300,000. Neither GSM nor its principals hold any securities of Champignon, according to the company. Champignon also said it has no plans to issue securities to the media company in connection with the agreement.
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Champignon also announced a voluntary share lockup on Friday of 17.84 million shares.
The psychedelic medicine firm said certain shareholders hav agreed to a voluntary resale restriction period, extending the period of time before the shares become free trading to July 15, 2020.
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