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Nasdaq newbie FSD Pharma to ring opening bell next Wednesday

The Toronto-based pharmaceutical cannabis company started trading on the US exchange last week

Nasdaq building
FSD is the first company trading on the CSE to ever achieve a Nasdaq listing

FSD Pharma Inc (NASDAQ:HUGE) (CSE:HUGE), a pharmaceutical cannabis research company, will ring the Nasdaq opening bell on Wednesday, January 22. 

The Toronto-based company began trading on the US exchange on January 9. The newly-christened firm will be represented by CEO Raza Bokhari, along with members of the board, leadership team, early investors and others. 

“It will indeed be a unique privilege for me to ring the opening bell at Nasdaq to commence trading in the presence of FSD Pharma’s extended family and friends," Bokhari said in a statement. "The recent listing of our Class B Subordinate Voting Shares on Nasdaq has included us in a select group of 12 Canadian-domiciled cannabis companies that trade on a major U.S. exchange.”

In fact, FSD is the first company trading on the Candian Securities Exchange to ever achieve a Nasdaq listing, according to a tweet from the exchange last week.

Bokhari, for his part, is ready to separate FSD from the pack.

“I am, however, very hopeful that sooner rather than later we will be placed in a league of our own as we continue to demonstrate that the primary thrust of our business is to focus on conducting clinical trials on synthetic compounds with anti-inflammatory properties that target the CB2 receptor of the endocannabinoid system of the human body," he added.

The bell-ringing ceremony will be webcast on the Nasdaq’s website and livestreamed on Facebook beginning at 9:20 am ET.

Contact Andrew Kessel at [email protected] 

Follow him on Twitter @andrew_kessel

Quick facts: FSD Pharma

Price: 5.3 CAD

CSE:HUGE
Market: CSE
Market Cap: $42.71 m
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