LAVAL, QC, Feb. 18, 2020 /PRNewswire/ - Neptune
Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT)
(TSX: NEPT), is pleased to announce today the official launch of
the Forest Remedies™ and Ocean Remedies™ brands. Starting today,
consumers will be able to purchase Forest Remedies™ products
directly from the new website (www.forestremedies.com) and Ocean
Remedies™ products via (www.oceanremedies.com).
Full and Broad Spectrum Hemp Extracts
Leveraging the
company's extraction knowhow and management's branding expertise,
Neptune is launching 11 SKUs of hemp extracts, including six
ingestible oils, two soothing balms, one soft gel bottle, a massage
oil, and a pet soother. Forest Remedies™' products have been
carefully crafted using Neptune's hemp extracts, which are produced
with our proprietary cold ethanol extraction process and tested for
purity at third-party laboratories. We extract active ingredients
from the hemp plant using non-GMO ethanol, refined for maximum
cannabinoid retention to produce high-quality, activated full
spectrum extracts with profiles that reflect the natural
composition of the hemp plant. Neptune exclusively sources its hemp
from trusted American farmers who believe in the value of
pesticide-free and regenerative farming as much as we do. Neptune
is proud to support One Tree Planted. For every product sold,
we will contribute to the planting of a tree to help rebuild the
world's forests and create a more sustainable future.
"Forest Remedies™' hemp extracts will be priced on average at
50% lower than the leading competitive products, providing the
end consumer an attractively priced quality product. Neptune
believes in making natural products accessible to everyone," said
Michael Cammarata, CEO of Neptune.
"The launch of the Forest Remedies™ and Ocean Remedies™ brands
represents a key milestone for Neptune as we position our company
for accelerated growth in the global Consumer Packaged Goods
industries, with a focus on hemp-derived health and wellness
ingredients and products."
Essential Oils
In collaboration with International
Flavors & Fragrances Inc. ("IFF"), Neptune is launching six
essential oils SKUs, which will be commercialized under the Forest
Remedies™ brand. Essential oils will be commercialized as single
oils including fragrances such as lemon, sweet orange, bergamot,
peppermint, and eucalyptus amongst others. Neptune aims to redefine
the essential oil experience and provide consumers high-quality,
natural, traceable, sustainable ingredients from responsible
producers around the world.
Ocean Remedies™
The Company will also be launching
Ocean Remedies™ directly on a second website:
www.oceanremedies.com. The Company's omega-3 products will be
commercialized under this brand. The omega-3 fatty acids in
the Ocean Remedies™ krill oil have been demonstrated to be
2.5i times better absorbed than fish oil. Ocean
Remedies™'s krill oil offers high EPA, DHA, phospholipid levels and
astaxanthin, a natural antioxidant. Ocean Remedies™ has been
certified by Friends of the Sea for sustainable krill
harvesting.
"Our management team's expertise launching, commercializing and
marketing wellness products should allow us to quickly gain market
share and build long-term brand loyalty with high-quality,
affordable products in both our omega-3 and hemp-derived product
lines."
About Neptune Wellness Solutions Inc.
Neptune
Wellness Solutions specializes in the extraction, purification and
formulation of health and wellness products. The Company has in
excess of 100 customers across several verticals including legal
cannabis and hemp, nutraceutical and consumer packaged goods.
Neptune's wholly owned subsidiary, 9354-7537 Québec Inc., is
licensed by Health Canada to process cannabis at its
50,000-square-foot facility located in Sherbrooke, Quebec. The Company also has a
24,000 square-foot facility located in North Carolina to process hemp biomass into
extracts. Neptune brings decades of experience in the natural
products sector to the legal cannabis and hemp industries.
Leveraging its scientific and technological expertise, the Company
sees applications for hemp-derived extracts in the U.S. beyond
existing markets and product forms and into personal care and home
care markets. Neptune's activities also include the development and
commercialization of turnkey nutrition solutions and patented
ingredients such as MaxSimil®, and a variety of marine and seed
oils. Its head office is located in Laval, Quebec.
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SOURCE Neptune Wellness Solutions Inc.