
Quantum BioPharma (QNTM) clarified that it has not changed its name to Unbuzzd Wellness Inc. and is not undergoing a reverse takeover. Quantum BioPharma maintains a significant financial relationship with Unbuzzd, including a 7% royalty on Unbuzzd revenue until $250 million is reached, and retains a substantial equity stake with anti-dilution protection. The company also announced a debt settlement plan with certain vendors, issuing Class B shares for vendor payments.
Quantum BioPharma Ltd. (NASDAQ: QNTM) has proactively addressed market confusion by unequivocally stating it has not changed its name and is not involved in a reverse takeover transaction with Unbuzzd Wellness Inc. This clarification aims to stabilize investor perception amidst misinformation. Quantum BioPharma maintains a significant strategic and financial interest in Unbuzzd, being its largest shareholder and debt holder. This includes a lucrative royalty agreement granting Quantum 7% of Unbuzzd's revenue until $250 million is paid, then reducing to 3%, and ownership of 200,000,000 post-split common shares in Unbuzzd, with an anti-dilution warrant ensuring at least a 25% stake upon a go-public event. Furthermore, Quantum has extended a $1.3 million secured loan to Unbuzzd at 10% annual interest. Unbuzzd is strengthening its position for a potential IPO by engaging MNP LLP for PCAOB audits, a move signaling robust governance and preparation for public markets. The leadership at Unbuzzd, including CEO John Duffy (ex-Coca-Cola) and Board Co-Chair Gerry David (former CEO of Celsius Holdings), adds significant industry experience, potentially enhancing Unbuzzd's market penetration with its scientifically-backed alcohol metabolism aid. Concurrently, Quantum BioPharma announced a debt settlement of USD$20,930 with vendors through the issuance of Class B Shares, which, while resolving obligations, may indicate current cash flow pressures. The company's core biopharmaceutical focus includes Lucid-MS for multiple sclerosis, while Unbuzzd represents a commercialized OTC asset.
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