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FSD Pharma Inc. (NASDAQ: HUGE) announced the release of an Executive Informational Overview® by Crystal Research Associates LLC detailing its drug development pipeline and operational progress. The report highlights FSD Pharma's milestones and its three drug candidates: FSD-PEA for pharmaceutical research, Lucid-PSYCH for mental health disorders, and Lucid-MS for neurodegenerative disorders. This follows Crystal Research's history of documenting FSD’s competitive performance, further emphasizing the company's commitment to advancing its biotech solutions.

FSD Pharma Inc. (NASDAQ:HUGE) has finalized an agreement to sell its 64.43-acre cannabis processing facility in Cobourg, Ontario for CAD$16,500,000. The cash payment includes a deposit of CAD$660,000 received on February 24, 2022. The transaction is expected to close by May 31, 2022, and is non-dilutive to shareholders, potentially increasing the value of each share by approximately $0.40. The company is advancing multiple drug candidates, including FSD-PEA and Lucid-MS, which are undergoing various stages of clinical development.

FSD Pharma Inc. (NASDAQ: HUGE) announced it has entered a firm agreement to sell its former cannabis processing facility in Cobourg, Ontario for CAD$16,500,000. A CAD$660,000 deposit was received on February 24, 2022, and the sale is expected to close by May 31, 2022. This transaction is non-dilutive to shareholders, pending satisfaction of certain conditions.

FSD Pharma focuses on pharmaceutical research through its subsidiaries, developing compounds for mental health and neurodegenerative disorders.

FSD Pharma Inc. (NASDAQ: HUGE) has congratulated Dr. Eleanor N. Fish on her appointment to the Order of Canada for her contributions to immunology. Dr. Fish, part of FSD Pharma's Research and Clinical Advisory Board since November 2021, has significantly impacted the company's research efforts. CEO Dr. Lakshmi P. Kotra expressed enthusiasm for continuing to leverage her expertise in developing next-generation therapeutics. The Order of Canada, established in 1967, recognizes individuals whose service shapes society, igniting innovation and compassion.

FSD Pharma Inc. (NASDAQ: HUGE) announced that Anthony Durkacz, Interim CEO, will present at the H.C. Wainwright Bioconnect Conference held virtually from January 10-13, 2022. The on-demand presentation starts at 7:00 a.m. ET on January 10. FSD Pharma is focused on developing a portfolio of biotech solutions, including drug candidates for mental health and neurodegenerative disorders through its subsidiaries, FSD BioSciences and Lucid Psycheceuticals.

FSD Pharma Inc. (NASDAQ: HUGE) announced a share repurchase program to buy back up to 2,000,000 Subordinate Class B Voting Shares over the next year, representing approximately 5% of its outstanding shares. With over $39.3 million in cash reserves as of September 30, 2021, the company aims to enhance shareholder value while continuing its investment in drug development. The buyback program is set to commence on January 4, 2022, and will be conducted at prevailing market prices. Share purchases may be suspended or terminated at management's discretion.

FSD Pharma Inc. (NASDAQ: HUGE) has established a Regulatory Advisory Board to oversee its clinical drug development. The board includes experts Dr. Joga Gobburu and Dr. Mary Melnyk, who bring extensive experience from the FDA and various pharmaceutical companies. Dr. Gobburu has a notable background in pharmacometrics, contributing to numerous FDA drug approvals, while Dr. Melnyk has expertise in regulatory compliance for drug and device development. This strategic move aims to enhance FSD Pharma's capacity to advance its drug candidates in neurology and inflammation.

FSD Pharma Inc. (NASDAQ: HUGE) announced that Interim CEO Anthony Durkacz will present at the H.C. Wainwright 2nd Annual Virtual Psychedelics Conference on December 6, 2021. The presentation will be available on-demand starting at 7:00 a.m. ET via the investor relations section of FSD's website. Additionally, FSD Pharma's management team will hold one-on-one investor meetings during the conference. The company focuses on developing innovative drug candidates, including ultra-micronized palmitoyl ethylamine (FSD-PEA) and other compounds for mental and neurodegenerative disorders.