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CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing FSD Pharma Inc. (CSE: HUGE) (OTC: FSDDF) (FRA: 0K9). The company is best known for its 3.8 million square foot former Kraft Foods facility in Cobourg, Ontario, which could make it one of the largest licensed producers in the country, if approved by Health Canada. In addition to this massive footprint, the company has established many strategic alliances that have gone under-the-radar for many investors, but could generate significant long-term value.
The Canadian cannabis industry is projected to reach C$22.6 billion over the coming years, according to Deloitte, driven by the legalization of adult-use cannabis last year. With the upcoming legalization of edibles this fall, the market could significantly expand its addressable market beyond consumers willing to smoke cannabis. These dynamics could help lift the value of many different companies operating in the space.
In this article, we will take a look at the company’s four strategic investments as well as other partnerships that they have in place to drive long-term shareholder value.
Cannara Biotech is an aspiring licensed producer that recently purchased a modern 625,000 sq. ft. facility on 27 acres of land in Quebec — less than an hour away from Montreal. In addition to owning over 85 million shares of the company, FSD Pharma will lease over 105,000 sq. ft. of the facility for the purpose of cultivating and/or selling cannabis or cannabis-derived products, creating another key venue to cultivation.
SciCann Therapeutics is an Israeli firm that has become one of the leaders in cannabis research. With access to its network of leading researchers, academic institutions and medical centers, FSD Pharma is free to conduct rigorous clinical studies for cannabis-based products in a highly time and cost-efficient environment. The company invested an undisclosed amount in the company for these purposes.
High Tide Ventures
High Tide Ventures is a fully-integrated retail distribution company that has applied for more than 30 retail cannabis permits in Alberta and 16 in Saskatchewan. In addition, the company plans to submit an application in British Columbia in the near-term. The company owns four of Canada’s most prominent retail brands that are poised to take advantage of the nascent recreational market. FSD Pharma made a strategic investment in the firm.
Huge Shops invested $1.3 million for a 9.9% ownership interest in Huge Shops, a Toronto-based cannabis retailer. The company has a strategic alliance with Chairman’s Brands/Coffee Time — a well-established operator of retail coffee shops with more than 75 locations in Canada and other locations worldwide. As part of the investment, Huge Shops has an option to acquire a minimum of ten of these retail locations.
FSD Pharma has signed several strategic partnerships aside from its four strategic investments. These partnerships include collaborations, revenue-sharing agreements, licensing agreements, and research agreements that could pay dividends over time.
The company’s major partnerships include:
FSD Pharma Inc. (CSE: HUGE) (OTC: FSDDF) (FRA: 0K9) may be best known for its massive Cobourg, Ontario production facility that’s in the process of becoming licensed, but investors shouldn’t ignore the company’s strategic investments and partnerships. These agreements help diversify its exposure to the industry, and could generate significant long-term shareholder value.
For more information, visit the company’s website at www.fsdpharma.com.
About CFN Media
CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.
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