THE GOOD SHROOM CO RECORDS 8.5X GROWTH OVER PREVIOUS QUARTER

MONTREAL, QUEBEC, April 1, 2022 /CNW Telbec/ – The Good Shroom Co Inc. (the “Company” or “MUSH“) (TSXV : MUSH), discusses financial & operational highlights from Q2-2022 and engages Paradox Public Relations Inc.

• The Company recorded $363,229 in sales revenue. 8.5 X growth from Q1.

• The majority of this revenue was derived from the launch of its hash in Quebec and the rest from its functional mushroom beverages.

• Gross profit margins were of $129,826 compared to $2,526 in Q1.

• Operating loss was of $241,148 compared to $371,865 in Q1.

MUSH, through its licensed subsidiary Teonan Biomedical Inc. (the “Subsidiary”), operates 2 cannabis brands; Nordique Royale™ and Velada™.

• Nordique Royale™ launched during Q2 while Velada launched in Q3 in both Quebec and Ontario.

• In Quebec, according to https://quebec.weedcrawler.ca/best_sellers, 5/10 best selling infusions are Velada™ products.

MUSH also operates Teonan™ functional beverages sold across north America.

• Teonan™ was accepted into the distribution networks of the two largest distributors in the USA, United Natural Foods and Kehe.

• The Company will be submitting its products to a variety of key retailers during the course of 2022, including Wholefoods, Albertsons Safeway, Wegmans along with a large number of regional players across the USA.

• Its products are now for sale in all Central Market locations in the USA.

The Company’s CEO Eric Ronsse stated “We are pleased with the results of this quarter where we launched a new cannabis brand which continues to grow. We’ve analysed the sales data of our top performing products, identified key product attributes and have applied them to a variety of new hash based products which will be submitted for approval in Quebec and Ontario.”

The Company has engaged Paradox Public Relations Inc. to provide investor relations services. Paradox, a Montreal-based investor relations consultancy firm that has been in business for over 20 years will increase the company’s visibility in the investment community by direct introductions, marketing and organization of presentations focused on capital market professionals. Paradox has been engaged at $10,000 per month for 24 months commencing March 28^th, 2022, subject to either party’s 30-day written termination notice. In addition, the company has granted 800,000 incentive stock options exercisable at 10 cents per share for a period of two years and will vest over one year in four equal quarterly tranches.

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The appointment of Paradox as an investor relations consultant remains subject to regulatory acceptance of applicable filings with the TSX Venture Exchange.

www.thegoodshroom.co
www.teonan.com
www.nordiqueroyale.ca

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. Its line of…