MONTREAL, Feb. 9, 2023
/CNW/ - The Good Shroom Co Inc. (the "Company" or
"MUSH") through its subsidiary Teonan Biomedical Inc., is
pleased to announce it is breaking into a new category with a THC
infused beef jerky named OG Jerk.
OG Jerk launches in all Quebec
cannabis stores today. The Company received its first purchase
order for this product of $23,685.12 and is expected to receive
replenishment orders every 1 to 2 weeks in addition to its other
hash, hash infused joints and cannabis flower SKU's. The total
Quebec purchase order value for
this week, all products combined, was of $ 94,523.52. Orders
are received weekly in the province of Quebec.
OG Jerk contains 60 grams of beef jerky (2 x 30 gram vacuum
sealed sachets) infused with a total of 9 mg of THC (2 x 4.5 mg of
THC vacuum sealed sachets) which permits the consumer to consume in
doses accordingly and enjoy beef jerky in the process.
The company's CEO Mr. Eric
Ronsse stated "In Quebec the government limits the
choice of edibles to products which they judge would not appeal to
children such as cookies and candies which has drastically limited
the choices. This limitation also presents an opportunity as there
are no well performing edibles at present, by our standards. As the
only beef jerky in Quebec, we
expect that such a commonly consumed savory snack, now infused with
THC, will appeal to many consumers. Concurrent with Superbowl
weekend, we also feel it's an appropriate launch week."
About the Company
MUSH operates a portfolio of brands which include traditional
cannabis and beverage products. It exists to promote the use of
functional ingredients such as probiotics and functional mushrooms
in consumer products.
We all have a daily routine; be it coffee, tea or another. Why
not make that routine functional for body and mind by adding
probiotics and mushrooms to it? Up to now no company has been able
to maintain a familiar taste at a fair price while making them
truly functional. The Good Shroom Co has bridged that gap and
intends on making its brands household names for making it a part
of its customers daily routine.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding
Forward-Looking Information
This press release contains statements which constitute
"forward-looking statements" and "forward-looking information"
within the meaning of applicable securities laws, including
statements regarding the plans, intentions, beliefs and current
expectations of the Corporation with respect to future business
activities and sales, including the anticipated orders to be placed
by the SQDC. Forward-looking statements are often identified by the
words "may", "would", "could", "should", "will", "intend", "plan",
"anticipate", "believe", "estimate", "expect" or similar
expressions. Investors are cautioned that forward-looking
statements are not based on historical facts but instead reflect
the Corporation's expectations, estimates or projections concerning
future results or events based on the opinions, assumptions and
estimates of management considered reasonable at the date the
statements are made. Although the Corporation believes that the
expectations reflected in such forward-looking statements are
reasonable, such statements involve risks and uncertainties, and
undue reliance should not be placed thereon, as unknown or
unpredictable factors could have material adverse effects on future
results, performance or achievements. Among the key factors that
could cause actual results to differ materially from those
projected are the following: market acceptance of the
Company's hash and other cannabis products, changes in the vendor's
business or strategy, changes in our supplier's operations and
pricing, expectations regarding competition and their pricing
strategy; maintaining in good standing all necessary regulatory
licenses and authorizations for its products; the benefits, safety,
efficacy, dosing and social acceptance of cannabis related products
and no material changes in the legal environment; changes in
applicable laws and regulations compliance with extensive
government regulation; operational risks related to and COVID-19 or
other pandemic and supply chain disruptions and shortages.
Should one or more of these risks or uncertainties materialize, or
should assumptions underlying the forward-looking statements prove
incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated, believed, estimated or
expected. Although the Company has attempted to identify important
risks, uncertainties and factors which could cause actual results
to differ materially, there may be others that cause results not to
be as anticipated, estimated or intended and such changes could be
material. The Company does not intend, and do not assume any
obligation, to update the forward-looking statements except as
otherwise required by applicable law. Trading in the
securities of the Company should be considered highly
speculative.
SOURCE The Good Shroom Co Inc.