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FAQ on Quantum BioPharma Ltd.'s Auditor Appointment and Name Change for Unbuzzd Wellness

FaqStaq News - Just the FAQs • May 29, 2025
By FAQstaq Staff
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FAQ on Quantum BioPharma Ltd.'s Auditor Appointment and Name Change for Unbuzzd Wellness

Summary

Quantum BioPharma Ltd. (NASDAQ: QNTM) announced the appointment of MNP LLP as auditor for Unbuzzd Wellness Inc., formerly Celly Nutrition Corp., in preparation for a potential IPO, alongside a formal name change effective May 23, 2025, without affecting shareholder rights.

What is the main announcement by Quantum BioPharma Ltd.?

Quantum BioPharma Ltd. announced the appointment of MNP LLP to conduct PCAOB audits for Unbuzzd Wellness Inc. (formerly Celly Nutrition Corp.) in preparation for a potential IPO and a formal name change to Unbuzzd Wellness Inc., effective May 23, 2025.

Why is the appointment of MNP LLP significant for Unbuzzd Wellness Inc.?

The appointment of MNP LLP is significant as it aligns with Unbuzzd Wellness Inc.’s plans for a potential IPO, ensuring the company’s financials are audited by a reputable firm in preparation for public listing.

How does the name change to Unbuzzd Wellness Inc. affect shareholders?

The name change to Unbuzzd Wellness Inc. does not impact shareholder rights or the validity of share certificates, as stated in the announcement.

When did the name change to Unbuzzd Wellness Inc. take effect?

The name change to Unbuzzd Wellness Inc. took effect on May 23, 2025.

What is Quantum BioPharma Ltd.’s relationship with Unbuzzd Wellness Inc.?

Quantum BioPharma Ltd. retains a 25.71% ownership in Unbuzzd Wellness Inc. as of June 30, 2024, and receives royalty payments from sales of the unbuzzd(TM) beverage, with agreements in place for future royalty adjustments.

Where can I find more information about Quantum BioPharma Ltd. and its announcements?

More information about Quantum BioPharma Ltd. and its latest announcements can be found in the company’s newsroom at https://www.investorbrandnetwork.com/clients/quantum-biopharma-ltd/.

What are the implications of Unbuzzd Wellness Inc.’s potential IPO?

The potential IPO of Unbuzzd Wellness Inc. signifies the company’s growth and readiness to enter the public market, offering investors an opportunity to participate in its future success.

Who was the previous auditor for Unbuzzd Wellness Inc. before MNP LLP?

Stern & Lovrics LLP was the previous auditor for Unbuzzd Wellness Inc. before the appointment of MNP LLP.

What is the significance of the unbuzzd(TM) beverage in Quantum BioPharma Ltd.’s portfolio?

The unbuzzd(TM) beverage represents a significant part of Quantum BioPharma Ltd.’s portfolio through its ownership stake and royalty agreements, showcasing the company’s involvement in innovative wellness solutions.

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