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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

Post by GrahamBon Sep 12, 2023 10:08am
215 Views
Post# 35631284

Checking In

Checking InHaven't been here in a while, so checking in- looked at the most recent finacials on SEDAR:
Net loss from continuing operations =15,447,822 for the last 6 months including 8,263,030 used in operating activities. With 5,670,847 in cash,and assuming they can collect receivables and push it to 9,106,810, still have current liabilities of 5,848,912. With cash burn, upcoming legal issues (Deja Vu) in my estimation a liquidity crunch is coming. 

What exactly has this company achieved since its formation?

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