Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Quantum BioPharma Ltd C.QNTM

Alternate Symbol(s):  QNTM

Quantum BioPharma Ltd. is a Canada-based biopharmaceutical company. The Company is engaged in building a portfolio of assets and biotech solutions for the treatment of challenging neurodegenerative and metabolic disorders and alcohol misuse disorders with drug candidates in different stages of development. Through its wholly owned subsidiary, Lucid Psycheceuticals Inc. (Lucid), it is focused on the research and development of its lead compound, Lucid-MS, which is a patented new chemical entity to prevent and reverse myelin degradation, the underlying mechanism of multiple sclerosis. Its unbuzzd beverage is a proprietary formulation of vitamins and minerals to help with liver and brain function for the purposes of relieving the effects of alcohol consumption and restoring a normal lifestyle. It maintains a portfolio of strategic investments through its wholly owned subsidiary, FSD Strategic Investments Inc., which represents loans secured by residential or commercial property.


CSE:QNTM - Post by User

Bullboard Posts
Comment by Bigmac4000on Mar 09, 2020 9:50am
126 Views
Post# 30782746

RE:RE:RE:Fsd Pharma and growth

RE:RE:RE:Fsd Pharma and growth You gotta remember, they started with 53 million in May 2018. As of today they would have around 2.50 million. So they blew 50.50 million give or take. They raised 4.50 million internally hoping others would contribute but nobody did. They sold high tide for around $680K They sold cannara for 7.70 mill Numbers are not 100% but they are close. So end of 2019 they had 7 million thanks to 4.50 raised, 680k and 2.50 from original 53 mill. Add cannara sale 7.7 mill and you get 15.3 million or so. They were blowing more than a 1.3 mill a month without trials. 2 months are gone already so that's 2.6 million gone. 12.7 million is left before trials by that math. That's enough money to keep the lights on at current spending for 5 more months. Without trials. That means without trials we are broke by July. I don't know what trials cost so I won't wager a guess when the 12.7 mill will actually be spent but it will be before July. Unless they are free. What's left to sell? The building?
Bullboard Posts