EXCEPTIONAL IPO MOMENTUM PLAY
Big moves lead to even bigger moves – that’s the principle of momentum and it’s one of the most powerful forces in the stock market.
I’ll give you a textbook example of what I’m talking about. There’s been a lot of buzz in the scientific community about the medicinal-mushroom market: Health Canada and the U.S. Food and Drug Administration have both approved the fast-tracking of research into the use of ketamine, psilocybin, and MDMA to treat mood disorders.
With that pivotal approval, the use of psychedelics to treat depression, anxiety, post-traumatic stress disorder (PTSD), and other issues can now be researched and developed – but the number of companies actually doing this is currently very limited.
The standout company in this space is Champignon Brands (CSE: SHRM, OTC: SHRMF), and their team features a premier network of clinicians and thought leaders throughout an ongoing series of campaigns and clinical trials.
Champignon is advancing medicines based on psychedelic substances through these planned and on-going clinical trials. A very early mover in the market, Champignon is currently working to assemble the most compelling portfolio, clinical pipeline, and drug development platform in the psychedelics space.
Even before the company’s initial public offering, experts were anticipating the transformative impact that Champignon would have on the market. With around a million dollars of revenues in the company’s first full year of operations, Champignon was a fast mover from the get-go.
This progress was soon reflected in the share price. SHRM stock shares commenced trading in March of this year, and early buyers of the IPO haven’t regretted it. This is the kind of stock where you can keep adding to your position every time the price dips a little bit, since that’s another chance to get in before it moves back up again.
You can see that shares gained 1,000% at one point but some inevitable profit-taking has occurred. That’s normal for growth stocks and it’s a chance to add to your position if you have one already, or to start a position in SHRM stock in anticipation of the next leg up.
Remember, the pathway for Champignon’s progress has already been cleared. The FDA granted ‘breakthrough therapy’ status to research on ketamine and psilocybin remedies for mood disorders. Leading institutions have already indicated that psilocybin-assisted therapy could be a revolutionary treatment for depression, anxiety, and related issues.
That’s clearance for more exciting research – and for investors to keep Champignon stock for the long term as the momentum is undeniable and the science irrefutable.
RECOMMENDATION: MAKE Champignon Brands (CSE: SHRM, OTC: SHRMF) A CORE STOCK IN YOUR PORTFOLIO.
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