By Chris Wack

Neptune Wellness Solutions Inc. said Monday it has entered into a distribution agreement with a subsidiary of Kraft Heinz Co. to market and distribute its products in India, Vietnam, the Caribbean Islands and Latin America.

Neptune's Health & Wellness Innovations division said it expects the partnership with Kraft Heinz will add significant incremental revenue beginning before the end of Neptune's fiscal year 2021.

The company said the deal will dramatically expand global distribution opportunities for Neptune's branded consumer packaged goods products.

Neptune shares rose 17% to $2.33 in premarket trading.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

October 05, 2020 07:31 ET (11:31 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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