TGSC Signs Retail Agency Agreement for US Market and Engages Market Maker

MONTREAL, May 26, 2021 / CNW / – The Good Shroom Inc. (the “Company” or “TGSC”) (TSXV: MUSH), a Quebec based company that has created and manufactures functional drinks under its two brands: Teonan® and Velada â„¢, announces that it has entered into a sales agency agreement with Rardin Enterprise, LLC (dba RE Sales and Marketing Group), a company highly experienced sales and marketing agent specializing in health and wellness products, to increase exposure of Teonan beverage mixes to retailers and consumers through United States.

The Good Shroom Co Launches Sales Agency Agreement for Retail Distribution in the United States. (CNW Group / The Good Shroom Co Inc.)

Since its inception in 2008, RE Sales and Marketing has used its client report in the Pacific Northwest, Boise, ID (Inner Mountain) and Arizona markets to present the brands to strategic customers. Their network extends from health and wellness stores to pharmacies. With this agreement, TGSC is expected to be exposed to the RE Sales and Marketing Group network of more than 3000 stores in United States, Pacific Northwest and Arizona regions, including retailers such as Sprouts Framers Market and Albertsons Corporate.

With over 35 years of experience in the consumer products industry, the founder of Rardin Enterprise, LLC Doug Rardin brings a wealth of experience to help businesses succeed with their retail distribution initiative. Rardin Enterprises, LLC has brought together a premier group of strategic business partnerships in the following areas: Convenience Stores, Foodservice, and Better-For-You Natural / Healthy Stores. Mr. Rardin has overseen the retail distribution in his territory of products for brands such as Tabasco, EmergenC, Palm Wonderful, Traditional Medicinals and Starbucks, among others.

Mr Rardin said: “I am delighted to be working with the Teonan range of functional mushroom drinks as they are at the forefront of a growing market segment and I believe the demand for this type of product will continue. to increase. “

TGSC also announces that it has retained the services of Red Cloud Securities Inc. (“RCSI”) to act as market maker for its common shares on the TSX Venture Exchange. In accordance with the agreement, RCSI has been engaged for a minimum period of three (3) months and the agreement will be renewed thereafter until either party has terminated the agreement with a thirty (30) days notice. The Company will pay RCSI a monthly fee of $ 4000 for his services and no performance or stock compensation is payable. At the time of this agreement, neither RCSI nor its principals have a direct or indirect interest in the securities of the Company. RCSI’s commitment remains subject to the approval of the TSX Venture Exchange.

About TGSC

TGSC’s mission is to build own brands, synonymous with functionality, flavor and quality, anchored in a company recognized for its socially responsible approach. Through its wholly-owned subsidiary, Teonan, it manufactures functional drinks under its two brands: Teonan and Velada. Inspired by ancient cultures’ relationships with mushrooms and in line with growing consumer trends towards functional foods, Teonan created the instant beverage lines using a custom blend of organic mushroom extracts chosen for their known health benefits. , while focusing on developing delicious “All of Teonan’s instant drink mixes are certified organic (Ecocert – USDA), vegan, dairy-free, GMO-free and gluten-free. Teonan has started selling the drinks directly to consumers. from Teonan to North America, in December 2019, via its online stores.

Neither the 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.

Caution regarding forward-looking information

This press release contains statements that 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 company. with regard to future business activities and sales. Forward-looking statements are often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”. “,” Wait “or similar expressions. Investors are cautioned that forward-looking statements are not based on historical facts, but rather reflect the Company’s expectations, estimates or projections regarding future results or events based on the opinions, assumptions and estimates of management believed to be reasonable. on the date the declarations are made. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve risks and uncertainties, and should not be relied upon unduly, as unknown or unforeseeable factors could have material adverse effects on the companies. future results, performance or achievements. . Key factors that could cause actual results to differ materially from those projected include: expectations regarding the future growth of the wellness drinks and edible cannabis industry; market acceptance of the products, plans and schedule for expansion of its products; competitive expectations; maintain all necessary licenses and regulatory approvals for its products in good standing; the benefits, safety, efficacy, dosage and social acceptance of cannabis-related products and no significant changes in the legal environment; changes in applicable laws and regulations both locally and in foreign jurisdictions; compliance with extended government regulations; operational risks associated with COVID-19 or other supply chain disruptions and pandemics. If one or more of these risks or uncertainties materialize, or if the assumptions underlying forward-looking statements prove to be incorrect, actual results may differ materially from those described herein as expected, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify risks, uncertainties and important factors that could cause actual results to differ materially, there may be others that cause results not to be as shown. ‘anticipated, estimated or anticipated and such changes could be material. The Company does not intend and assumes no obligation to update forward-looking statements, except as otherwise provided by applicable law. Trading in the securities of the Company should be regarded as highly speculative.

SOURCE The Good Shroom Co Inc.



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