MONTREAL, Feb. 6, 2025
/CNW/ - The Good Shroom Co Inc.
(TSXV: MUSH) ("TGSC" or "the
Company"), an emerging cannabis company
with a focus on innovation, is pleased to announce that
the TSX Venture Exchange (the "Exchange") has approved the
Company's name change from "The Good Shroom Co Inc." to "Mercanto
Holdings Inc." effective February 10,
2025 (the "Name Change"). The Company's trading
symbols on the Exchange will remain unchanged.
As previously announced in the press release of January 29, 2025, the Name Change was approved by
shareholders of the Company at the annual meeting of shareholders
held on January 29, 2025.
The Company's common shares will begin trading on the facilities
of the Exchange under the new name on February 10, 2025. As part of the Name Change,
the common shares of the Company have been assigned new CUSIP
58757P107 and ISIN CA58757P1071 numbers. No action is required by
existing shareholders of the Company with respect to the Name
Change. Outstanding physical certificates or direct registration
system (DRS) statements representing common shares of the Company
do not need to be exchanged.
The Company currently has 50,774,683 common shares issued and
outstanding and there is no change in the capitalization of the
Company in connection with the Name Change.
Clarification of Stock Option Grant Announcement
The Company wishes to clarify its February 4, 2025, announcement regarding the
grant of stock options to its directors and officers.
In accordance with TSX Venture Exchange policies, the Company
has granted stock options to certain directors, officers, and key
personnel on February 3, 2025. These
options are exercisable at a price of $0.085 per share, based on the market close on
February 3, 2025, and will expire on
February 3, 2033.
The terms of the grant are as follows:
- Each director and officer of the Company has been granted
150,000 stock options, for a total of 750,000 stock options
granted.
- 50% of the options vest immediately, with the remaining 50%
vesting on February 3, 2026.
This clarification is provided to ensure full transparency.
About The Good Shroom Co Inc.
The Good Shroom Co Inc. (TSXV: MUSH) is an emerging
cannabis company that sells a variety of traditional cannabis
products and innovations, with its primary market
in Quebec but expanding nationally. For more
information, visit www.mercantoholdings.com
Neither the TSX Venture Exchange nor its regulation services
provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
SOURCE Good Shroom Co Inc. (The)
