LAVAL, QC, April 7, 2020 /CNW Telbec/ - Neptune
Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT)
(TSX: NEPT), is pleased to announce today the appointment of Dr.
Toni Rinow, MBA as Chief Financial
Officer, effective April 7, 2020.
A transformational finance and business leader with 20 years of
experience, Dr. Toni Rinow is a
catalyst for growth and strategic global expansion in healthcare
and consumer product companies and well known for accelerating
revenue streams through acquisitions, corporate development, sales
and marketing, and financings. With a proven track record in
international corporate development and sales and financing of
companies, she held leadership roles in public and private
healthcare organizations up to CAD$250
million in revenue, where she spearheaded acquisitions
across Canada, Latin America, Europe and India.
Dr. Rinow holds a double Masters in Business Administration
(MBA) and Accounting and Finance from McGill
University. In addition she holds a doctorate in physical
chemistry from the Université de Montréal (Ph.D), and a chemical
engineering degree from the European Higher Institute of Chemistry
in Strasbourg, France.
Toni has a keen interest in robotics, natural language
processing and machine learning especially with a focus on the
retail consumer markets and was trained at Massachusetts Institute of Technology (MIT). Dr. Rinow believes in giving back to the
community and sits on the Board of Directors of several non-for
profit organizations.
"We are excited to have a professional with Toni's diverse
expertise join our team as she brings significant executive
business, financial and technical leadership experience to
Neptune," said Michael Cammarata,
Chief Executive Officer of Neptune Wellness Solutions. "Toni
is an extremely accomplished and adaptable problem solver with
international experience growing businesses, executing
transformational plans, and building high performance teams. Her
experience with private equity sponsors has allowed her to take on
diverse leadership roles across industries, applying each of her
broad capabilities from executive leadership, maximizing
operational and production effectiveness, and applying strong
business controls. She will be an invaluable asset across our
organization as we grow the company and capitalize on our numerous
opportunities, all while building value for our shareholders."
"I am honored to rejoin Neptune at such an exciting time in the
Company's history and growth trajectory. I am looking forward
to putting the knowledge I've learned over the last decade to good
use to help guide Neptune through its next inflection points while
positioning the Company for future growth," said Dr. Rinow.
"I would like to thank Claudie for her significant
contributions over the last several months as we conducted our
thorough search. She has been instrumental throughout her tenure at
Neptune and has worked endlessly to ensure a seamless transition,"
Mr. Cammarata.
About Neptune Wellness Solutions Inc.
Neptune
Wellness Solutions specializes in the extraction, purification and
formulation of health and wellness products. Neptune 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. Neptune 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, Neptune 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, Québec.
Forward Looking Statements
Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements"
within the meaning of the U.S. securities laws and Canadian
securities laws. Such forward-looking statements involve known and
unknown risks, uncertainties, and other unknown factors that could
cause the actual results of Neptune to be materially different from
historical results or from any future results expressed or implied
by such forward-looking statements. In addition to statements which
explicitly describe such risks and uncertainties, readers are urged
to consider statements labeled with the terms "believes", "belief",
"expects", "intends", "projects", "anticipates", "will", "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 "Cautionary Note Regarding Forward-Looking
Information" section contained in Neptune's latest Annual
Information Form (the "AIF"), which also forms part of Neptune's
latest annual report on Form 40-F, and which is available on SEDAR
at www.sedar.com, on EDGAR at www.sec.gov/edgar.html and on the
investor section of Neptune's website at www.neptunecorp.com. All
forward-looking statements in this press release are made as of the
date of this press release. Neptune does not undertake to update
any such forward-looking statements whether as a result of new
information, future events or otherwise, except as required by law.
The forward-looking statements contained herein are also subject
generally to other risks and uncertainties that are described from
time to time in Neptune public securities filings with the
Securities and Exchange Commission and the Canadian securities
commissions. Additional information about these assumptions and
risks and uncertainties is contained in the AIF under "Risk
Factors".
Neither NASDAQ nor the Toronto Stock Exchange accepts
responsibility for the adequacy or accuracy of this release.
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SOURCE Neptune Wellness Solutions Inc.