Canadian cannabis company The Good Shroom Co. (TSXV: MUSH) announced a double twist on Thursday, with both a corporate rebrand to Mercanto Holdings Inc. and the issuance of a “fixed up to 20%” stock option plan.
In a release, the company stated that the stock option plan was approved by the TSX venture exchange and also received a positive response from shareholders at its annual meeting on Wednesday.
The company stated that despite its name change from Mercanto to Mercanto it will retain the ticker symbol MUSH. However, new CUSIP and ISIN numbers have been assigned for the shares.
The company explained that this new plan is an improvement over the previous version, where stock options were “rolled up to 10%”. It was created to better compensate officers of Mercanto and shareholders in light of its continued growth. The plan allows eligible recipients to receive stock options for the next 10 years.
Mercanto’s first quarterly fiscal report for 2025 ended December 23 of last year with a C$55,000 loss. But the fiscal year 2024 ended July 31 and the company had a C$40 603 profit.
In the same press release, Mercanto stated that the company has been executing its expansion plans. Deckies, a brand of THC-infused bags, was launched in Ontario last week. The existing DYP THC infused bags “have received favourable reviews in Alberta” with “steady growth in sales.”
With the Ontario The following are some examples of how to get started: Alberta Mercanto noted that “with launches, the groundwork for broader markets growth has been laid”.