FSD Pharma (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A), a life-sciences holding company dedicated to building a portfolio of assets and biotech solutions, has provided updates on four key issues. The updates noted that FSD Pharma has appointed industry leaders Jason Sawyer and Dr. Ravinder Kumar to its advisory board and has been working to expand its team at all levels to synergize its operations; those efforts include appointing Dr. Andrzej Chruscinski as associate vice president of clinical affairs; Kevin Cassidy as vice president of quality systems; and Dr. Oksana Akhova as director, licensing, partnership and IP. In addition, FSD Pharma reported that it has returned to treasury 1,524,700 shares as of March 31, 2022, through its buyback program, and the company has adopted the RSU program and issued RSUs in lieu of options held by directors and senior management.

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About FSD Pharma Inc.

FSD Pharma is a biotechnology company with three drug candidates in different stages of development. FSD BioSciences Inc., a wholly owned subsidiary, is focused on pharmaceutical research and development of its lead compound, ultramicronized palmitoyl ethylamine (“PEA”) or FSD-PEA, formerly called FSD-201. Lucid Psycheceuticals Inc. is a wholly owned subsidiary focused on the research and development of its lead compounds, Lucid-PSYCH (formerly Lucid-201) and Lucid-MS (formerly Lucid-21-302). Lucid PSYCH is a molecular compound identified for the potential treatment of mental health disorders. Lucid-MS is a molecular compound identified for the potential treatment of neurodegenerative disorders. For more information about the company, please visit www.FSDPharma.com.

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