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August 11 2023 - 9:00AM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form
8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): August
11, 2023
SUNSHINE
BIOPHARMA, INC.
(Exact name of registrant as specified in its charter)
Colorado |
001-41282 |
20-5566275 |
(State or other jurisdiction
of incorporation) |
(Commission File Number) |
(IRS Employer ID No.) |
6500 Trans-Canada Highway
4th Floor
Pointe-Claire, Quebec, Canada H9R0A5
(Address of principal executive offices) (zip
code)
(514) 426-6161
(Registrant’s telephone number, including area code)
Securities
registered pursuant to Section 12(b) of the Act:
Title of Each Class |
Trading Symbol |
Name of Each Exchange on Which Registered |
Common Stock, par value $0.001 |
SBFM |
The Nasdaq
Stock Market LLC |
Common Stock Purchase Warrants |
SBFMW |
The Nasdaq
Stock Market LLC |
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations
and Financial Condition.
On August 11, 2023, Sunshine Biopharma,
Inc. (the “Company”) issued a press release announcing the Company’s financial results for the period ended June 30,
2023. The press release is attached hereto as Exhibit 99.1.
In accordance with General Instruction
B.2 of Form 8-K, the information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to
the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under
the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 |
Financial Statements and Exhibits |
(b) Exhibits. The following exhibits are included
in this report:
No. |
Description |
99.1 |
Press Release |
104 |
Cover Page Interactive Data File (formatted in iXBRL) |
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Dated: August 11, 2023 |
SUNSHINE BIOPHARMA, INC. |
|
|
|
|
|
By: /s/ Dr. Steve N. Slilaty |
|
Dr. Steve N. Slilaty, Chief Executive Officer |
Exhibit 99.1
For Immediate Release
August 11, 2023
SUNSHINE BIOPHARMA REPORTS 2023 SECOND QUARTER
RESULTS:
REVENUES UP 3,600%
Montreal, Canada – (GLOBE NEWSWIRE) –
Sunshine Biopharma Inc. (NASDAQ: “SBFM”) (the “Company”), a pharmaceutical company offering and researching life-saving
medicines in a variety of therapeutic areas including oncology and antivirals today announced that it has filed its quarterly report for
the 2023 second quarter. The Company reported gross revenues of $5,560,865 for the quarter ended June 30, 2023, an increase of 3,600%
over the same period in 2022. The increase was largely due to the prescription drugs sales of Nora Pharma Inc., a generic pharmaceuticals
company that Sunshine Biopharma acquired in October 2022. In addition, the Company’s second quarter revenues of $5,560,865 represent
a 13.6% increase over first quarter results.
“We are thrilled with our second quarter
revenue results and look forward to continued quarter over quarter growth for the rest of 2023 and beyond,” said Dr. Steve Slilaty,
CEO of Sunshine Biopharma.
About Sunshine Biopharma
Sunshine Biopharma recently acquired Nora Pharma
Inc. and as a result the Company now has 50 generic prescription drugs on the market in Canada and 41 additional employees. The Company
is planning to expand its product offering to 77 generic prescription drugs over the next 18 months. In parallel, Sunshine Biopharma is
continuing its proprietary drug development program which is comprised of (i) K1.1 mRNA for liver cancer, (ii) Adva-27a, a small chemotherapy
molecule for pancreatic cancer, and (iii) PLpro protease inhibitor for COVID-19. For more information, please visit: www.sunshinebiopharma.com.
Safe Harbor Forward-Looking Statements
This press release contains forward-looking
statements which are based on current expectations, forecasts, and assumptions of Sunshine Biopharma, Inc. (the “Company”)
that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or
expected. These statements appear in this release and include all statements that are not statements of historical fact regarding the
intent, belief or current expectations of the Company, including statements related to the Company’s drug development activities,
financial performance, and future growth. These risks and uncertainties are further described in filings and reports by the Company with
the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those
projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in the Company’s
filings with the SEC. Reference is hereby made to cautionary statements and risk factors set forth in the Company’s most recent
SEC filings.
For Additional Information:
Sunshine Biopharma Contact:
Camille Sebaaly, CFO
Direct Line: 514-814-0464
camille.sebaaly@sunshinebiopharma.com
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SUNSHINE
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Entity Central Index Key |
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Entity Tax Identification Number |
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QC
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Security Exchange Name |
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Common Stock Purchase Warrants [Member] |
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