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Quantum BioPharma Continues to Grow Its Crypto Assets and Diversify Its Treasury With the Purchase of Another USD $1,500,000 Worth of Bitcoin (BTC) and Other Cryptocurrencies
GlobeNewswire· 2025-03-20 11:30
TORONTO, March 20, 2025 (GLOBE NEWSWIRE) -- Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM) (FRA: 0K91) (“Quantum BioPharma” or the “Company”), is pleased to announce that after receiving approval from the Board of Directors, the Company has purchased an additional USD $1,500,000 worth of Bitcoin (BTC) and other cryptocurrencies, growing and increasing its crypto assets as part of its strategic efforts. This brings the total amount of Bitcoin (BTC), and other cryptocurrencies purchased to USD $3,500,000. ...
Quantum Biopharma Announces Completion of the Phase 1 Multiple Ascending Dose Clinical Trial for its Experimental Multiple Sclerosis Drug Lucid-21-302
Newsfilter· 2025-02-26 12:30
Safety Review Committee Found No Safety Concerns Following Milestone Trial TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Quantum BioPharma Ltd. (NASDAQ:QNTM) (CSE:QNTM) (FRA: 0K91) ("Quantum BioPharma" or the "Company"), today announced that it has completed its trial entitled "A Phase 1, Randomised, Double-Blind, Placebo-Controlled, Multiple Ascending Dose Study to Evaluate the Safety and Pharmacokinetics of Lucid-21-302 in Healthy Adult Participants." A final safety review committee ("SRC") meeting was held ...
Quantum BioPharma Continues to Diversify its Treasury with the Purchase of Another USD $1,000,000 Worth of Bitcoin (BTC) and Other Cryptocurrencies
GlobeNewswire· 2025-02-18 12:30
Core Viewpoint - Quantum BioPharma Ltd. has purchased an additional USD $1,000,000 worth of Bitcoin and other cryptocurrencies, increasing its total cryptocurrency investment to USD $2,000,000 as part of its strategic efforts to enhance shareholder returns and hedge against currency fluctuations [1][2]. Group 1: Cryptocurrency Investment Strategy - The company believes in the potential of Bitcoin and other cryptocurrencies to provide returns on investment and serve as a hedge against the Canadian dollar [2]. - Quantum BioPharma is set up to receive financing and conduct transactions in cryptocurrencies, indicating a strategic shift towards digital assets [2][3]. - All cryptocurrency holdings are managed by a fully compliant custodian, ensuring adherence to financial and audit regulations [3]. Group 2: Company Overview - Quantum BioPharma is focused on developing innovative biopharmaceutical solutions for neurodegenerative and metabolic disorders, with a lead compound, Lucid-MS, aimed at preventing myelin degradation [4]. - The company retains a 25.71% ownership stake in Celly Nutrition, which is involved in the development of the unbuzzd™ product, and will receive royalty payments based on sales [4]. - Quantum BioPharma maintains a portfolio of strategic investments through its subsidiary, FSD Strategic Investments Inc., which includes loans secured by real estate [4].
Quantum Biopharma Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communications Program
GlobeNewswire· 2025-02-11 12:30
Core Viewpoint - Quantum BioPharma Ltd. has engaged MZHCI, LLC to enhance its investor relations and financial communications strategy, focusing on increasing visibility in the investment community and promoting its innovative product pipeline targeting brain disorders and alcohol health [1][2]. Company Overview - Quantum BioPharma is a biopharmaceutical company dedicated to developing innovative assets and biotech solutions for neurodegenerative and metabolic disorders, as well as alcohol misuse disorders [11]. - The company is advancing its lead compound, Lucid-MS, which aims to prevent and reverse myelin degradation associated with multiple sclerosis [11]. Strategic Engagement - MZ will collaborate with Quantum BioPharma's management to create a comprehensive capital markets strategy to boost the company's visibility [2]. - The engagement with MZ is for an initial period of two months at a cost of $10,000 per month, with the option for automatic renewal [8]. Product Focus - Quantum BioPharma is developing products like unbuzzd™ and rekvry™, which utilize innovative technology to address excessive alcohol use, a significant public health issue [3]. - The company is also targeting demyelinating diseases, with multiple sclerosis affecting nearly 1 million people in the U.S. and 2.8 million globally [4]. Revenue Potential - The company sees substantial revenue potential in its focus areas, particularly in addressing unmet needs in brain disorders and alcohol health [5]. - Quantum BioPharma retains a 25.71% ownership stake in Celly Nutrition, which markets unbuzzd™, and is entitled to a 7% royalty on sales until reaching $250 million, after which the royalty will decrease to 3% [11].
Quantum Biopharma Engages Enterprise Canada and Empire Market Ventures to Lead Public Communications and Investor Awareness Programs
GlobeNewswire· 2025-02-10 12:30
Core Viewpoint - Quantum BioPharma Ltd. has engaged Enterprise Canada Inc. and Empire Market Ventures, LLC to enhance its public relations and investor awareness efforts across key markets [1][2][6] Group 1: Engagement of Agencies - The decision to retain the services of Enterprise and Empire was made after a thorough review of available capital [2] - Enterprise has been engaged for an indefinite period starting December 18, 2024, with a structured payment plan totaling C$10,000 for Phase 1 and a monthly retainer of C$5,000 thereafter [3][4] - Empire has been contracted for three months starting February 7, 2025, with a total fee of US$25,000 [5][6] Group 2: Services Provided - Enterprise will assist with public relations strategy, including narrative development, key messaging, and media relationships [4] - Empire will provide investor awareness services, including access to exclusive mailing lists and content creation aimed at increasing investor engagement [6] Group 3: Product Updates - Quantum BioPharma's product unbuzzd™ is a rapid alcohol detoxification beverage, with a ready-to-drink formulation expected to be available in Q1 2025 [7][9] - rekvry™ is designed for alcohol misuse treatment, targeting emergency and hospital settings to reduce healthcare costs [7][9] - LUCID-21-302 is a new chemical entity aimed at treating demyelinating diseases, with an initial focus on multiple sclerosis [8][9] Group 4: Company Overview - Quantum BioPharma is focused on developing innovative assets for neurodegenerative and metabolic disorders, as well as alcohol misuse [10] - The company retains a 25.71% ownership stake in Celly Nutrition, which markets unbuzzd™, and is entitled to a 7% royalty on sales until reaching $250 million [11]
Quantum Biopharma Licensee Celly Nutrition Retains Leading New York Investment Bank to Advise on Capital Raise and Possible Initial Public Offering Following Highly Positive Results from unbuzzd™ Clinical Study
GlobeNewswire· 2025-02-06 12:30
Core Viewpoint - Quantum BioPharma Ltd. announced that its licensee, Celly Nutrition Corporation, is raising up to $10 million USD and exploring an initial public offering on a major US exchange, which indicates strong market interest in their product unbuzzd, a beverage designed to enhance alcohol metabolism and reduce hangover symptoms [1][3][4]. Company Overview - Quantum BioPharma is focused on developing innovative biopharmaceutical solutions for neurodegenerative and metabolic disorders, including alcohol misuse [5]. - The company retains a 25.71% ownership stake in Celly Nutrition as of June 30, 2024, and has a royalty agreement that includes 7% of sales from unbuzzd until total payments reach $250 million, after which the royalty rate drops to 3% indefinitely [2][5]. Product Details - unbuzzd is a scientifically-backed beverage that accelerates alcohol metabolism, restores mental clarity, and alleviates hangover symptoms, appealing to consumers who wish to enjoy alcohol responsibly [7][8]. - Clinical trials demonstrated that unbuzzd reduces blood alcohol concentration (BAC) by over 40% faster than a placebo within 30 minutes, improves alertness, stabilizes heart rate and blood pressure, and significantly reduces hangover symptoms [14]. Strategic Developments - Celly Nutrition has engaged a leading New York investment bank to assist with financial advisory services and to manage a proposed public offering, indicating a strategic move towards expanding its market presence [3][6]. - The CEO of Celly Nutrition emphasized the importance of this capital raise for accelerating marketing and sales development of unbuzzd, reflecting the company's growth strategy [3].
Quantum Biopharma Announces the Success of unbuzzd™ Clinical Trial
Newsfilter· 2025-02-04 12:03
TORONTO, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Quantum BioPharma Ltd. (NASDAQ:QNTM) (CSE:QNTM) (FRA: 0K91) (Upstream: QNTM) ("Quantum BioPharma" or the "Company"), a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions, today announced that it has completed a double-blind, randomized, placebo-controlled crossover design clinical trial (NCT06505239) of its dietary supplement product unbuzzd™, investigating its effects on alcohol intoxication and alcohol metabolis ...
Quantum BioPharma Diversifies Treasury with the Purchase of USD $1,000,000 of Bitcoin (BTC) and Other Cryptocurrencies and to Allow for Future Financings and Other Transactions in Cryptocurrency
Newsfilter· 2024-12-20 12:30
TORONTO, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Quantum BioPharma Ltd. (NASDAQ:QNTM) (CSE:QNTM) (FRA: 0K91) ("Quantum BioPharma" or the "Company"), is pleased to announce that after receiving approval from the Board of Directors, the Company has purchased USD $1,000,000 Bitcoin (BTC) and other cryptocurrencies as part of its strategic efforts. As well, going forward the Company will allow for future financing and other transactions to be carried out in cryptocurrency. This move reflects the company's belief in t ...