FSD Pharma Inc C.HUGE

Alternate Symbol(s): HUGE

Healthcare Cannabis

FSD Pharma Inc. is a Canada-based biotechnology company. The Company operates through two segments: Biotechnology and Strategic Investments. Its Biotechnology segment is focused on furthering the research and development of the Company’s two primary drug candidates consisting of Lucid-MS and Lucid-PSYCH, as well as the development of UNBUZZD. The Company’s Strategic Investments segment is focused on generating returns and cashflow through the issuance of loans secured by residential or commercial real estate property. Lucid-PSYCH is a molecular compound identified for the potential treatment of mental health disorders. Lucid-MS is a molecular compound identified for the potential treatment of neurodegenerative disorders. UNBUZZD is a proprietary formulation of natural ingredients, vitamins, and minerals to help with liver and brain function for the purposes of potentially quickly relieving from the effects of alcohol consumption, such as inebriation, and restoring normal lifestyle.

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FSD Pharma Inc

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Post by Investisseurnovon Jun 25, 2018 8:48pm

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Post# 28227319

Where is the cash???

On Capital tv ideas episode Fabrice mentions that the company has 15 millions in cash but when I look ath the latest balance sheet (march 2018) on sedar the cash is $3,086,867 and there is no mentionned news about capital raise by debt or equity issues. Where did he got the 15 millions info.

Also they have no long term debt but their current liabilities is still over 2 millions ( ($2,193,846) so that means that the cash ratio $3,086,867 / $2,193,846 = 1,41 not impressive in my HO espacially if you compare to other

I usualy trust Fabrice jugement but

can you enlighten me on this?

Thanks

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Now trading on the TSX Venture Exchange: Kootenay Resources Inc.