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FSD Pharma Provides Another Update on Celly Nu's Anticipated Launch of unbuzzd(TM)

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FSD Pharma provides an update on Celly Nu's anticipated launch of unbuzzd(TM), a scientifically formulated beverage product designed to support alcohol metabolism and alertness. Celly Nu partners with BevSource for production and distribution in the US. The partnership includes various services to ensure a successful launch. The product, unbuzzd(TM), features a blend of vitamins, minerals, and botanical extracts. Industry veterans like Gerry David and John Duffy lead the project, supported by Kevin Harrington.
FSD Pharma fornisce un aggiornamento sul previsto lancio di unbuzzd(TM) da parte di Celly Nu, un prodotto bevanda formulato scientificamente per supportare il metabolismo dell'alcool e la prontezza mentale. Celly Nu collabora con BevSource per la produzione e la distribuzione negli Stati Uniti. La partnership include vari servizi per garantire un lancio di successo. Il prodotto, unbuzzd(TM), presenta una miscela di vitamine, minerali ed estratti botanici. Veteran dell'industria come Gerry David e John Duffy guidano il progetto, supportati da Kevin Harrington.
FSD Pharma proporciona una actualización sobre el lanzamiento anticipado de unbuzzd(TM) por parte de Celly Nu, una bebida formulada científicamente diseñada para apoyar el metabolismo del alcohol y la alerta. Celly Nu se asocia con BevSource para la producción y distribución en los EE. UU. La asociación incluye varios servicios para asegurar un lanzamiento exitoso. El producto, unbuzzd(TM), contiene una mezcla de vitaminas, minerales y extractos botánicos. Veteranos de la industria como Gerry David y John Duffy lideran el proyecto, con el apoyo de Kevin Harrington.
FSD Pharma는 과학적으로 제조된 음료 제품 unbuzzd(TM)의 출시를 앞두고 업데이트를 제공합니다. 이 제품은 알코올 대사와 경각심을 지원하도록 설계되었습니다. Celly Nu는 미국 내 생산 및 유통을 위해 BevSource와 파트너십을 맺었습니다. 이 파트너십은 성공적인 출시를 보장하기 위한 다양한 서비스를 포함합니다. unbuzzd(TM) 제품은 비타민, 미네랄 및 식물 추출물의 혼합물을 특징으로 합니다. 산업 베테랑인 Gerry David와 John Duffy가 프로젝트를 이끌고 있으며, Kevin Harrington이 지원합니다.
FSD Pharma fournit une mise à jour sur le lancement anticipé de unbuzzd(TM) par Celly Nu, une boisson formulée scientifiquement conçue pour aider à métaboliser l'alcool et maintenir l'alerte. Celly Nu s'associe à BevSource pour la production et la distribution aux États-Unis. Le partenariat comprend divers services pour assurer un lancement réussi. Le produit, unbuzzd(TM), est composé d'un mélange de vitamines, de minéraux et d'extraits botaniques. Des vétérans de l'industrie comme Gerry David et John Duffy dirigent le projet, avec le soutien de Kevin Harrington.
FSD Pharma gibt ein Update über den bevorstehenden Start von unbuzzd(TM) durch Celly Nu, einem wissenschaftlich formulierten Getränk, das den Alkoholstoffwechsel und die Wachsamkeit unterstützen soll. Celly Nu arbeitet mit BevSource für die Produktion und Verteilung in den USA zusammen. Die Partnerschaft umfasst verschiedene Dienstleistungen, um einen erfolgreichen Start zu gewährleisten. Das Produkt, unbuzzd(TM), enthält eine Mischung aus Vitaminen, Mineralien und pflanzlichen Extrakten. Branchenveteranen wie Gerry David und John Duffy leiten das Projekt, unterstützt von Kevin Harrington.
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TORONTO, ON / ACCESSWIRE / April 22, 2024 / FSD Pharma Inc. (NASDAQ:HUGE)(CSE:HUGE)(FRA:0K9A) ("FSD Pharma"), provides an update by way of a news release issued by Celly Nutrition Corp. ("Celly Nu"), and its launching of unbuzzd™, 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.

On April 22, 2024, Celly Nu announced a strategic partnership with BevSource, a leading provider of beverage development, production and operations solutions in St. Paul, Minnesota as follows:

Toronto, Ontario, April 22, 2024 - In a strategic move in preparation of the launch in the United States of its scientifically formulated dietary supplement, unbuzzd™, Celly Nutrition Corp. ("Celly Nu") is excited to announce its collaboration with BevSource, a leading provider of beverage development, production and operations solutions located in St. Paul, Minnesota.

This partnership will assist with the production and distribution process of unbuzzd™, including Commercial Formulation Consultation, Contract Packaging Solutions, Ingredient Procurement, Commercialization Strategies, Initial Production Oversight, and Fulfillment Center Coordination for both the 12oz Sleek Can and Ready-to-Mix Powder Stick Packs formats.

BevSource brings to the table an impressive history of collaboration with distinguished brands such as Celsius, Kill Cliff, and WG Brewing Company, making them an ideal partner for Celly Nutrition in this venture.

unbuzzd™ is a proprietary blend of vitamins, minerals and botanical extracts designed to support the body's natural processes for metabolizing alcohol and promoting alertness.

The coming launch of unbuzzd™ is being driven by the executive guidance of beverage industry luminaries like Gerry David, the former Chief Executive Officer at Celsius Holdings, Inc., where he helped build the foundation to what is today one of the most successful beverages over the past decade. In addition, John Duffy, a seasoned executive with an extensive background at Coca-Cola Enterprises and The Coca-Cola Company is leading the charge as CEO. They are supported by Kevin Harrington (known as the Inventor of the Infomercial, the Original Shark on Shark Tank, and the As Seen on TV Pioneer).

John Duffy, CEO of Celly Nutrition Corp., expresses his enthusiasm about the partnership: "This agreement is a major milestone for our company and a critical step in the process of bringing unbuzzd™ to consumers across the USA this year and eventually North America. 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".

About FSD Pharma

FSD Pharma 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"). 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 Pharma has also licensed unbuzzd™, 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 Pharma 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 Pharma maintains a portfolio of strategic investments through its wholly-owned subsidiary, FSD Strategic Investments Inc., which represent loans secured by residential or commercial property.

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "plans", "expects", "expected", "scheduled", "estimates", "intends", "anticipates", "hopes", "planned" or "believes", or variations of such words and phrases, or states that certain actions, events or results "may", "could", "would", "might", "potentially" or "will" be taken, occur or be achieved. More particularly, and without limitation, this press release contains forward-looking statements contained in this press release include statements concerning the future of FSD Pharma and are based on certain assumptions that FSD Pharma has made in respect thereof as of the date of this press release, including those relating to Celly Nu and its launch of unbuzzd™; benefits, claims, and timelines with respect to unbuzzd™; details of the partnerships of Celly Nu, including the stated benefits of the BevSource partnership; the Company's business and goals, including the continued research and development of Lucid-MS, unbuzzd™, novel formulations for alcohol misuse disorders, and treatments for use in the healthcare sector; and the continued maintenance of its strategic investment portfolio. FSD Pharma cannot give any assurance that such forward-looking statements will prove to have been correct.

Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. The Company cautions that although it believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these expectations, factors and assumptions will prove to be correct and these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements, of which assumptions include: the Company will satisfy all applicable listing and regulatory requirements of the CSE and Nasdaq; the fact that the drug development efforts of the Company and Lucid are at a very early stage; the fact that preclinical drug development is uncertain, and the drug product candidates of the Company and Lucid may never advance to clinical trials; the fact that results of preclinical studies and early-stage clinical trials may not be predictive of the results of later stage clinical trials; the uncertain outcome, cost, and timing of product development activities, preclinical studies and clinical trials of the Company and Lucid; the uncertain clinical development process, including the risk that clinical trials may not have an effective design or generate positive results; the potential inability to obtain or maintain regulatory approval of the drug product candidates of the Company and Lucid; the introduction of competing drugs that are safer, more effective or less expensive than, or otherwise superior to, the drug product candidates of the Company and Lucid; the initiation, conduct, and completion of preclinical studies and clinical trials may be delayed, adversely affected or impacted by unforeseen issues; the potential inability to obtain adequate financing; the potential inability to obtain or maintain intellectual property protection for the drug product candidates of the Company and Lucid; the Company's inability to benefit from Celly Nu and its launch of unbuzzd™; the Company's inability to realize upon the benefits, claims, and timelines with respect to unbuzzd™; the Company's inability to realize upon the stated benefit from the partnerships of Celly Nu; the Company's inability to carryout its business and goals, including the continued research and development of Lucid-MS, unbuzzd™, novel formulations for alcohol misuse disorders, and treatments for use in the healthcare sector; and the Company's inability to maintain its strategic investment portfolio. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this press release, which speak only as of the date of this press release.

These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties including, but not limited to: the timing and ability to satisfy all applicable listing and regulatory requirements of the CSE and Nasdaq; the fact that the drug development efforts of the Company and Lucid are at a very early stage; the fact that preclinical drug development is uncertain, and the drug product candidates of the Company and Lucid may never advance to clinical trials; the fact that results of preclinical studies and early-stage clinical trials may not be predictive of the results of later stage clinical trials; the uncertain outcome, cost, and timing of product development activities, preclinical studies and clinical trials of the Company and Lucid; the uncertain clinical development process, including the risk that clinical trials may not have an effective design or generate positive results; the potential inability to obtain or maintain regulatory approval of the drug product candidates of the Company and Lucid; the introduction of competing drugs that are safer, more effective or less expensive than, or otherwise superior to, the drug product candidates of the Company and Lucid; the initiation, conduct, and completion of preclinical studies and clinical trials may be delayed, adversely affected or impacted by unforeseen issues; the potential inability to obtain adequate financing; the potential inability to obtain or maintain intellectual property protection for the drug product candidates of the Company and Lucid; the Company's inability to benefit from Celly Nu and its launch of unbuzzd™; the Company's inability to realize upon the benefits, claims, and timelines with respect to unbuzzd™; the Company's inability to realize upon the stated benefit from the partnerships of Celly Nu; the Company's inability to carryout its business and goals, including the continued research and development of Lucid-MS, unbuzzd™, novel formulations for alcohol misuse disorders, and treatments for use in the healthcare sector; and the Company's inability to maintain its strategic investment portfolio. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this press release, which speak only as of the date of this press release.

Further information regarding factors that may cause actual results to differ materially are included in the Company's annual and other reports filed from time to time with the Canadian Securities Administrators on SEDAR+ (www.sedarplus.ca) and with the SEC on EDGAR (www.sec.gov), including the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2023, the Prospectus and Registration Statement, each under the heading "Risk Factors". This list of risk factors should not be construed as exhaustive. Readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. The forward-looking statements contained in this document speak only as of the date of this document. FSD Pharma does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable laws. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

The Company makes no medical, treatment or health benefit claims about unbuzzd™. The U.S. Food and Drug Administration, Health Canada or other similar regulatory authorities have not evaluated any claims regarding unbuzzd™. The efficacy of such products have not been confirmed by approved research. Rigorous scientific research and clinical trials are needed. No clinical trials for the use of the Company's proposed products have been conducted. Any references to quality, consistency, efficacy and safety of potential products do not imply that the Company verified such in clinical trials or that the Company will complete such trials.

Neither the CSE nor its regulation services provider accept responsibility for the adequacy or accuracy of this release.

Contacts:

FSD Pharma Inc.
Zeeshan Saeed, Founder, CEO and Executive Co-Chairman of the Board, FSD Pharma Inc.
Email: Zsaeed@fsdpharma.com
Telephone: (416) 854-8884

Investor Relations
Email: ir@fsdpharma.com, info@fsdpharma.com
Website: www.fsdpharma.com

SOURCE: FSD Pharma Inc.



View the original press release on accesswire.com

FAQ

What is the update provided by FSD Pharma regarding Celly Nu?

FSD Pharma provides an update on Celly Nu's anticipated launch of unbuzzd(TM), a scientifically formulated beverage product designed to support alcohol metabolism and alertness.

Who is Celly Nu partnering with for production and distribution in the US?

Celly Nu partners with BevSource, a leading provider of beverage development, production, and operations solutions in St. Paul, Minnesota.

What services does the partnership with BevSource include?

The partnership includes Commercial Formulation Consultation, Contract Packaging Solutions, Ingredient Procurement, Commercialization Strategies, Initial Production Oversight, and Fulfillment Center Coordination for both the 12oz Sleek Can and Ready-to-Mix Powder Stick Packs formats.

What is the composition of unbuzzd(TM)?

unbuzzd(TM) features a proprietary blend of vitamins, minerals, and botanical extracts designed to support the body's natural processes for metabolizing alcohol and promoting alertness.

Who are the industry veterans leading the project at Celly Nu?

Industry veterans like Gerry David and John Duffy lead the project at Celly Nu, with support from Kevin Harrington.

FSD Pharma Inc. Class B Subordinate Voting Shares

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