PharmAla warns against fake MDMA products bearing its name
PharmAla Biotech (CSE:MDMA) issued a public warning after discovering that unknown parties are illegally marketing a nasal spray online under false pretenses
PharmAla emphasized that the composition of the counterfeit nasal spray is unknown and could pose serious health risks
The company is urging anyone who may have purchased the product to dispose of it immediately and to report the incident to the appropriate health authorities
PharmAla Biotech stock (CSE:MDMA) last traded at $0.10
Canadian psychedelic stock PharmAla Biotech (CSE:MDMA) has issued a public warning after discovering that unknown parties are illegally marketing a nasal spray online under false pretenses.
According to the company, the unauthorized product (pictured above) is being falsely advertised as a PharmAla Biotech offering and is unlawfully using the company's logos and trademarks. PharmAla has made it clear that it does not manufacture or sell any nasal spray products, nor does it distribute any of its drug products directly to consumers.
PharmAla emphasized that the composition of the counterfeit nasal spray is unknown and could pose serious health risks. The company is urging anyone who may have purchased the product to dispose of it immediately and to report the incident to the appropriate health authorities.
PharmAla is working with legal counsel and regulatory bodies to identify the perpetrators and prevent further distribution of the fraudulent product.
PharmAla focuses on the research, development and manufacturing of LaNeo MDMA and novel derivatives of MDMA, MDXX-class molecules, for clinical trials and commercial sales. The company is the world's sole provider of clinical-grade MDMA for patient treatments outside of clinical trials.
PharmAla Biotech stock (CSE:MDMA) last traded at $0.10 and has lost more than 43 per cent since this time last year.
Join the discussion: Find out what everybody's saying about this Canadian psychedelic stock's deal with Yale on the PharmAla Biotech Holdings Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
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The Province
23 minutes ago
- The Province
This Day in History, 2025: After 138 years in downtown Vancouver, The Bay closes
Current building was built in four stages between 1913 and 1950 The Hudson's Bay store at 674 Granville Street in downtown Vancouver, May 28, 2025. There has been a Hudson's Bay store in downtown Vancouver since Jan., 17, 1887, when the city was less than a year old. But it will end June 1, when the landmark Bay store at Granville and Georgia will close. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors The masses flooded into the store for The Bay's bankruptcy sale in recent weeks, either to hunt for bargains or just to take a look around at the last days of a Canadian institution. 'It's sad, honestly,' said shopper Niels Billou. 'It's an iconic part of Canadian history, part of the founding of this country. Everybody who grew up in Canada has gone and bought something from the Bay, whether it's socks or bed sheets or the blankets.' Sharon Best remembered getting her picture taken with Santa at The Bay when she was a child. 'It's such a shame,' she said. 'It's the last of the department stores, but it's also the oldest of the department stores.' 'The High Street is dying,' said Sarah Bromfield. 'Retail is kind of dying and the internet taking over.' Stay on top of the latest real estate news and home design trends. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Bromfield picked up a bust of a female mannequin at the sale for $100. She had a lot to choose from: there were hundreds of mannequins left all over the store, with or without faces, heads, arms or legs. Male mannequins at the Hudson's Bay store in downtown Vancouver. Someone has arranged them so they resemble the workers in the famed 1932 photo Lunch Atop a Skyscraper at the RCA building in Rockefeller Center in New York. A quartet of male mannequins were doing handstands on the sixth floor, near a quintet of mannequins arranged like the famous photo of construction workers having lunch on a steel beam high above the streets of New York in 1932. The sixth floor was officially closed when a reporter visited Wednesday, which made it a bit eerie. 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Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The budget never balanced itself under Trudeau, even before the pandemic hit in 2020. His 2015 election pledge of three years of 'modest deficits' in 2016, 2017 and 2018 followed by a balanced budget in 2019, turned out to be a myth. As for Carney's pledge to 'spend less and invest more' respected University of Calgary economist Trevor Tombe, writing in The Hub, noted that 'Conservative Leader Pierre Poilievre dismissed Carney's proposal as 'cooking the books' and history justifies the skepticism.' Carney dismissed that criticism by suggesting he has more experience than Tombe as an economist and economic manager. 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Read More To be sure, if will be a positive step if Carney can significantly reduce the operating costs of the government, a major component of which is the cost of the federal public service. But it will also be interesting to see how he will achieve this, given that his intention, aside from making use of Artificial Intelligence, is to cap the size of the public service at its current level of approximately 357,965 people. This advertisement has not loaded yet, but your article continues below. That's an increase of more than 100,000 civil servants — almost 40% — compared to when Trudeau took office in 2015. Carney's promises also depend, according to his campaign platform, on achieving $28 billion in savings from 'increased government productivity', $3.75 billion from 'increasing fines and penalties' and $20 billion from revenue generated by Canada's counter-tariffs in its trade war with U.S. President Donald Trump. 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Global News
an hour ago
- Global News
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