Update Provided on GBB Drink Lab, Inc. Litigation and Safety Shot [Yahoo! Finance]
FSD Pharma Inc. - Class B Subordinate Voting Shares (HUGE)
Company Research
Source: Yahoo! Finance
biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions. The Company is providing this statement as an update regarding its litigation with GBB Drink Lab, Inc. ("GBB"). In May 2023, GBB filed a lawsuit against FSD Pharma alleging a material breach of a mutual nondisclosure agreement and trade secret misappropriation. FSD Pharma has categorically denied these allegations and filed a Motion to Dismiss the lawsuit. On January 8, 2024 the Court denied the Motion to Dismiss. This means only that FSD Pharma will now proceed with discovery, during which it is confident that it will be able to demonstrate not only that GBB's claims have no merit, but that this lawsuit, which baselessly demands $53 million dollars from FSD Pharma, is nothing more than an effort to harm FSD Pharma after it decided not to acquire GBB in 2022. After being rebuked by FSD Pharma, GBB subsequently sold its assets to Jupiter Wellness, Inc. for a fraction of what it c
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Sec Filings
- 4/25/24 - Form 6-K
- 4/22/24 - Form 6-K
- 4/17/24 - Form 6-K
- HUGE's page on the SEC website