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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 Aug 04, 2024 3:46am
275 Views
Post# 36163708

99.9% Decline

99.9% Decline According to my math-this peaked at about 178 bucks and with all the reverse splits, plunged to all time lows with an 18% drop to 11 cents.

Why?
Let FSD tell you- according to the annual finacials :

"As at December 31, 2023, the Company has an accumulated deficit of $157.9 million, a net loss of $18.2 million and a working capital surplus of $6.5 million. Whether, and when, the Company can attain profitability and positive cash flows from operations is subject to material uncertainty"
sorce sedar.com

A colossal failure to execute-from the stated goal of being "HUGE" or one of  worlds largest cannabis producer ,producing weed from algae,  to PEA, to ....why bother

what a joke
called it, stated it, avoided it
Lots of pumpers that tried to spin a narrative
But facts matter, financials tell a story-and no saying they are the past and look to the future doesn't work when the narrative is clearly a more hype than beef
all IMO
FWIW
For education only

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