4 months ago

FSD Pharma, a life sciences holding company dedicated to building a portfolio of assets and biotech solutions, has closed the sale of non-core assets for $16.4 million.

BINGE NETWORKS
BINGE NETWORKS
FSD Pharma Inc. (NASDAQ:HUGE) (CSE:HUGE) (FSE:0K9A), a life sciences holding company dedicated to building a portfolio of assets and biotech solutions, has closed the sale of non-core assets for $16.4 million. After commissions and fees, the sale netted approximately $15,481,000 in non-dilutive cash, increasing the company’s cash position to approximately $50 million, or approximately $1.30 per share with only 38.4 million shares issued.