Quantum BioPharma’s Unbuzzd Subsidiary Advances IPO Strategy with New Auditor Appointment

Quantum BioPharma Ltd. announced that Unbuzzd Wellness Inc., formerly known as Celly Nutrition Corp., has appointed MNP LLP, a leading audit firm, to conduct PCAOB-compliant audits of its financial statements. The hiring, effective May 20, 2025, supports the company’s preparations for a potential IPO. MNP replaces Stern & Lovrics LLP, which resigned at the company’s request. The change was approved by the board of directors based on the audit committee’s recommendation. Unbuzzd Wellness is the developer of unbuzzd™, a beverage designed to speed up alcohol metabolism, restore mental clarity, and reduce hangover symptoms.

John Duffy, CEO of Unbuzzd Wellness Inc., stated, “This engagement of audit firm MNP demonstrates that we adhere to the highest standards in the industry. MNP has worked hard to understand our business and their PCAOB-level audits will prepare Unbuzzd Wellness for a possible IPO.” Mr. Duffy has more than two decades of experience in leadership positions in the beverage industry, including as former VP of Marketing Assets and VP of National Sales at Coca-Cola."

MNP is a PCAOB-registered firm with a strong track record of conducting high-standard audits for companies considering public listings. This move signals Unbuzzd’s growing readiness for public market scrutiny and reflects a continuation of strategic steps toward capital market engagement. The company had earlier announced, on February 5, 2025, its engagement of a New York-based investment bank to assist with a capital raise and potential IPO, subject to regulatory approval.

Gerry David, Board Co-Chair and former CEO of Celsius Holdings with their bestselling energy drink Celsius Energy, said, “Completing our PCAOB audits with MNP represents another important step in ensuring our continued success and strength as we raise capital and consider the possibility of an IPO.”