Extension in Quebec extends the spread of Neptune to more than 80% of Canada total addressable market
LAVAL, QC, May 27, 2021 / PRNewswire / – Neptune Wellness Solutions Inc. (“Neptune” or the “Company”) (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated company, today announced the launch of PanHash ™ in Quebec.
PanHash ™, Neptune’s cannabis brand, was specially developed for Neptune Quebec Roots and Heritage is launching two products with a high concentration of CBD: cannabis oil and capsules. These products are made using the company’s own cold ethanol extraction process, which uses significantly less energy than traditional CO2 extraction, maintaining a high concentration of the plant’s terpenes.
Neptune cannabis products are available for adults Alberta, British Columbia and Ontario. With the launch of PanHash in QuebecNeptune’s PanHash ™ and Mood Ring ™ products are available for sale in up to 1,600 locations Canada and extends the spread to more than 80% of Canada total addressable market for legal cannabis.
Michael CammarataThe President and Chief Executive Officer of Neptune stated, “Joining Quebec, one of Canada The most populous provinces are an important milestone in expanding our cannabis consumer product lines. Our team continues to strive to work closely with growers and distributors who share the same core values of sustainability, responsibility and excellence in order to continue to provide the safest, highest quality products to consumers. “
More information is available at www.neptunecorp.com/.
ABOUT NEPTUNE WELLNESS SOLUTIONS INC.
Neptune Wellness Solutions is a diversified and fully integrated health and wellness company. With a mission to redefine health and wellness, Neptune is focused on building a broad portfolio of high quality, affordable consumer products in response to long-term world trends and market demand for natural, plant-based, sustainable, and purpose-driven lifestyle brands. The company leverages highly flexible, cost-effective manufacturing and supply chain infrastructure that can be scaled up and down or broken down into adjacent product categories to identify innovation opportunities, quickly adapt to consumer preferences and demand, and mass-market new products bring partners and e-commerce channels. With decades of extraction and product formulation experience, Neptune is a leading provider of turnkey product development and supply chain solutions for business customers in a variety of health and wellness areas, including legal cannabis and hemp, nutraceuticals and white label consumer products. The company has a strong position in cannabis and hemp. Research, development and commercialization are focused on the use of cannabinoids in household products to make them safer, healthier and more effective. Neptune’s corporate headquarters are located at Laval, Quebec, with a 50,000 square meter manufacturing facility in Sherbrooke, Quebecand a 24,000 square foot facility in North Carolina. Further information can be found at: https://neptunecorp.com/.
Statements in this press release that are not historical or current fact constitute “forward-looking statements” within the meaning of the United States securities laws and Canadian securities laws. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that may result in them that Neptun’s actual results may differ materially from historical results or future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are encouraged to consider statements that include the terms “believes”, “believes”, “expects”, “intends”, “projects”, “anticipates”, ” will be marked “. “should” or “plans” to be uncertain and forward-looking. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement and the “Forward-Looking Information Warning” section of Neptune’s most recent annual information form (the “AIF”), which is also part of Neptune’s most recent annual report on Form 40- F, which is available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and in the investor section of the Neptune website at www.neptunecorp.com. All forward-looking statements in this press release speak as of the date of this press release. Neptune undertakes no obligation to update such forward-looking statements as a result of new information, future events, or otherwise, except as required by law. The forward-looking statements contained herein are generally subject to other risks and uncertainties described from time to time in Neptune public securities filings with the Securities and Exchange Commission and the Canadian Securities Commissions. Further information on these assumptions as well as risks and uncertainties can be found in the AIF under “Risk Factors”.
SOURCE Neptune Wellness Solutions Inc.