Deal Snapshot
FSD Pharma Sells Partial Equity Stake in Pharmadrug
Friday 22 May 2020

Canada-based FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE.CN) (FRA: 0K9A) has sold 5m common shares of Pharmadrug Inc. (CSE: BUZZ) (formerly Aura Health) in a privately negotiated transaction at CDNUSD0.08 per share for cash proceeds of CDN 400,000, the company said.

Under the terms of the sale, the buyer has the option through June 26, 2020 to purchase an additional 5.0 m shares of Pharmadrug at CDN 0.10 per share from FSD Pharma for cash proceeds of CDN 500,000.

Date Published: 22/05/2020