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June 8, 2020, 11:36 a.m. EDT

CannabisNewsBreaks - Champignon Brands Inc. (CA: SHRM) (otcqb:SHRMF) (fwb:496) Engages Toronto-based Dalriada to Advance NCE IP Portfolio

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/zigman2/quotes/216819817/delayed CA:SHRM +3.49%

Jun 08, 2020 (NetworkNewsWire via COMTEX) -- Champignon Brands (otcqb:SHRMF) (fwb:496) , a human optimization sciences company with an emphasis on ketamine and psychedelic medicine, today announced its selection of Toronto-based Dalriada Drug Discovery Inc. ("Dalriada") to advance its new chemical entity ("NCE") IP portfolio as it pertains to ketamine and psilocybin/psilicin molecular scaffolds. According to the update, Dalriada, a leading contract research organization ("CRO") in the drug discovery space, will lead Champignon's new drug discovery programs in the NCE arena and further provide integrated R&D support to accelerate the Company's existing preclinical assets and ongoing development of proprietary delivery platforms. "It is with great pleasure that we welcome the Dalriada group to Champignon," Champignon Special Advisor Dr Joseph Gabriele stated in the news release. "Dalriada's expertise in medicinal chemistry will be a monumental addition to Champignon's innovative diverse formulation platforms by their expertise in the synthesis of molecules, including existing psychedelics (ketamine, psilocybin and MDMA), as well as novel new psychedelic-like molecules. This synergistic collaboration will differentiate Champignon from other companies in the psychedelic space by boosting our ability to maintain an inhouse infrastructure for the clinical delivery NCEs."

To view the full press release, visit http://cnw.fm/6KpoK

About Champignon Brands Inc.

Champignon Brands /zigman2/quotes/216819817/delayed CA:SHRM +3.49% is focused on the formulation and manufacturing of novel ketamine, anaesthetics and adaptogenic delivery platforms for the nutraceutical and psychedelic medicine while being supported by a leading psychedelics medicines clinic platform. The Company is pursuing the development and commercialization of rapid onset treatments capable of improving health outcomes, such as depression and post-traumatic stress disorder ("PTSD"), as well as substance and alcohol use disorders. Under a collaborative research agreement with the University of Miami's Miller School of Medicine, the Company is conducting preclinical studies and eventual human clinical trials, with the objective of demonstrating safety and efficacy of the combination of psilocybin and cannabidiol in treating mTBI with PTSD or stand-alone PTSD. Champignon continues to be inspired by sustainability, as its medicinal mushroom-infused SKUs are organic, non-GMO and vegan certified. 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

About CannabisNewsWire

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COMTEX_366666070/2557/2020-06-08T11:36:09

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/zigman2/quotes/216819817/delayed
CA : Canadian Securities Exchange
$ 0.89
+0.03 +3.49%
Volume: 0.00
June 19, 2020 3:59p
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/zigman2/quotes/216819817/delayed
CA : Canadian Securities Exchange
$ 0.89
+0.03 +3.49%
Volume: 0.00
June 19, 2020 3:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
N/A
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