Champignon Brands to change name to Braxia Scientific Corp

Champignon Brands Inc (CSE:SHRM) (FWB:496) (OTCQB:SHRMF) is changing its name to Braxia Scientific Corp and ticker symbol to “BRAX” on the Canadian Securities Exchange.

In a statement, the company said the name change reflects its commitment to providing access to and leadership in setting the standard of care for ketamine treatment in depression through its network of clinics as well as its ketamine and psychedelic derivative research and drug development priorities. 

“Our new name – Braxia Scientific – allows us to emphasize our core business objective around changing the way depression and other mental disorders are treated through our growing network of clinics,” said CEO Roger McIntyre. “Our goal is to improve the access and quality of mental healthcare service to people affected by these disorders in a highly cost-effective manner. Braxia Scientific also aims to develop innovative ketamine and psychedelic drug formulations to provide high impact solutions for the future.”

READ: Champignon Brands announces changes to its board

He added: “As the principals of the company have a long history of research and drug development with large international pharmaceutical companies, we are well positioned and committed to delivering breakthrough ketamine and psychedelic formulations while also setting the standard of care that will ensure the best outcome for patients with depression receiving care, globally.”

Meanwhile, the company’s ticker symbol will change from “SHRM” to “BRAX” on the CSE, and its ticker symbol from “SHRMF” to “BRAXF” on the Over-the-Counter (OTC) market. Subject to the approval of the CSE, the company expects the name and ticker changes to take effect on May 5, and for its common shares to begin trading on the CSE under the new name and new ticker symbol on such date.

The company also announced that it has issued 250,000 common shares to settle the amount of $125,000 owed to an independent contractor providing research and development services.

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Story by ProactiveInvestors