Auralite Provides Update On Its Recent Investment Target, Champignon Brands
July 29 2019 - 8:30AM
Auralite Investments Inc. (TSX Venture-AAAA) (the "Company" or
"Auralite"), is pleased to provide an update on its strategic
investee, Champignon Brands Inc. (“Champignon”).
Champignon has advised Auralite that it has
successfully debuted its Vitality Superteas global e-commerce
portal, following a comprehensive Canadian pilot campaign.
Champignon’s flagship e-commerce store includes a selection of
craft mushroom-infused teas and ancillary accessories, earmarked
for worldwide distribution. At this time, Champignon is accepting
pre-orders for its three premier mushroom-infused SKUs, Brain
Enhance, Nourish Force and Mighty Re-charge, and has begun
discussions with certain Canadian big box food retailers, as well
as wholesalers regarding brick and mortar distribution of the
Vitality Superteas. Champignon has also begun architecting a pop-up
store for deployment within an existing Toronto-based coffee
shop.
Robert Meister, Chief Executive Officer and a
Director of Auralite stated: “We continue to be encouraged by the
recent growth within the bourgeoning health and wellness vertical
and are actively looking to deploy additional capital into
promising, high growth companies. Auralite’s dedicated Health and
Wellness committee is currently evaluating complimentary
investments within the medicinal mushroom sector”.
ABOUT AURALITE
Auralite is an investment issuer with interests
in Canadian-based Champignon Brands Inc., Singapore-based EVVO Labs
Pte. Ltd. and South Korea-based Fourth-Link Inc.
ON BEHALF OF AURALITE INVESTMENTS INC. BOARD OF
DIRECTORS
“Robert Meister”
For more information contact:(604) 351-6647
Or Email:
rob@auraliteinvestments.comhttp://www.auraliteinvestments.com/
Reader Advisory
Statements and information contained in this
news release relating to Champignon have been furnished by
Champignon and the Company has relied upon Champignon to ensure
that the news release contains full, true and plain
disclosure. Although the Company has no knowledge that would
indicate that any statements contained herein concerning Champignon
are untrue or incomplete, neither the Company nor any of its
directors or officers assumes any responsibility for the accuracy
or completeness of such statements and information or for any
failure by Champignon to ensure disclosure of events or facts that
may occur which may affect the significance or accuracy of any such
information.
This news release contains forward-looking
statements including statements regarding the Company’s plans to
pursue further investments in the medicinal mushroom sector and
management's beliefs as to potential opportunities in the health
and wellness sector, as well other statements that are not
historical facts. Readers are cautioned not to place undue reliance
on forward-looking statements, as there can be no assurance that
the plans, intentions or expectations upon which they are based
will occur. By their nature, forward-looking statements involve
numerous assumptions, known and unknown risks and uncertainties,
both general and specific, that contribute to the possibility that
the predictions, forecasts, projections and other forward-looking
statements will not occur, which may cause actual performance and
results in future periods to differ materially from any estimates
or projections of future performance or results expressed or
implied by such forward-looking statements. These assumptions,
risks and uncertainties include, among other things, the state of
the economy in general and capital markets in particular, investor
interest in the business and future prospects of the Company.
The forward-looking statements contained in this
news release are made as of the date of this news release. Except
as required by law, the Company disclaims any intention and assumes
no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable securities law. Additionally, the
Company undertakes no obligation to comment on the expectations of,
or statements made, by third parties in respect of the matters
discussed above.
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 release.
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