FSD Pharma (NASDAQ: HUGE) (CSE: HUGE) (FRA:0K9A) today provided an update by way of a news release issued by Celly Nutrition Corp. (“Celly Nu”), and its launching of unbuzzd(TM), an innovative beverage product that is scientifically formulated from a proprietary blend of vitamins, minerals and botanical extracts designed to support the body’s natural processes for metabolizing alcohol and promoting alertness. According to the announcement, on April 22, 2024, Celly Nu announced a strategic partnership with BevSource, a St. Paul, Minnesota-based leading provider of beverage development, production and operations solutions. The partnership will assist with the production and distribution process of unbuzzd(TM), including commercial formulation consultation, ingredient procurement, contract packaging solutions, commercialization strategies, initial production oversight, and fulfillment center coordination for both the 12oz Sleek Can and Ready-to-Mix Powder Stick Packs formats. “This agreement is a major milestone for our company and a critical step in the process of bringing unbuzzd(TM) to consumers across the USA this year and eventually North America,” said John Duffy, CEO of Celly Nutrition Corp. “I am excited to be on this journey with proven partners like BevSource, who from very early stages have supported what became some of the most iconic brands in our industry including Celsius.”
To view the full press release, visit https://ibn.fm/xVYqg
About FSD Pharma Inc.
FSD is a biopharmaceutical company dedicated to building a portfolio of innovative 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”), FSD is focused on the research and development of its lead compound, Lucid-MS (formerly “Lucid-21-302”). Lucid-MS is a patented new chemical entity shown to prevent and reverse myelin degradation, the underlying mechanism of multiple sclerosis, in preclinical models. FSD has also licensed unbuzzed(TM), a proprietary formulation of natural ingredients, vitamins and minerals to help with liver and brain function for the purposes of quickly relieving individuals from the effects of alcohol consumption for use in the consumer recreational sector, to Celly Nutrition Corp. (“Celly Nu”) and is entitled to a royalty on the revenue generated by Celly Nu from sales of products created using the technology rights granted under the licensing agreement. FSD continues its R&D activities to develop novel formulations for alcohol misuse disorders and continues the development of such treatments for use in the healthcare sector. FSD maintains a portfolio of strategic investments through its wholly owned subsidiary, FSD Strategic Investments Inc., which represent loans secured by residential or commercial property. For more information, visit the company’s website at www.FSDPharma.com.
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