Collaboration agreement between Neptune and
International Flavors & Fragrances accelerates partnership,
assuming leadership position in ecological, environmentally
friendly and ethical hemp products
Personal care, wellness and socially
responsible Forest Remedies™ products to be developed through this
exclusive partnership
LAVAL, QC, April 21, 2020 /CNW Telbec/ - Neptune
Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT)
(TSX: NEPT), is pleased to announce today that the Company has
entered into an exclusive partnership with legendary wildlife
conservationist, Dr. Jane Goodall to
co-develop natural health and wellness products under the Forest
Remedies™ brand, the plant-based wellness brand with naturally
sourced hemp extract and essential oils sourced from the
highest-quality botanicals from around the world. As part of
this partnership, a percentage of all products will be donated to
support Dr. Goodall's environmental conservation and reforestation
initiatives.
The natural, plant-based hand sanitizer products, essential
oils and hemp-derived products that will be developed through this
licensing partnership will be co-branded as "Forest Remedies™, by
Dr. Jane Goodall" and will provide
consumers with affordable, sustainable and socially responsible
products to support their health and wellness. Neptune
anticipates a Summer 2020 launch of co-developed products, which
will be available for purchase on the Forest Remedies™ website
(https://forestremedies.com/), and at select retailers, with plans
for additional retail distribution.
"I am very pleased to partner with Michael Cammarata and the team at Neptune
Wellness Solutions to develop natural, plant-based products that
support health and wellness in an environmentally sustainable and
socially responsible manner," said Dr. Goodall. "This marks
my third partnership with Michael and reflects our mutual goal of
enabling consumers to make ethical purchasing decisions to create a
better world for all living things."
Under this partnership, Neptune has made an initial $25,000 donation and will donate five percent of
all sales from co-developed products to the Jane Goodall Institute.
Consumers will also have the option to enter the promo code
"DrJaneGoodall" when they purchase any of the Forest Remedies™
products, which will also direct five percent of the sale to help
ensure that Dr. Goodall's vision and life's work continue to
mobilize individuals to save the natural world we share.
"In light of COVID-19, we believe there will be a renewed focus
and emphasis on personal self-care. The purchasing decisions
consumers make to support their health and wellness will have a
lasting impact on the environment and our collective health and
wellness," said Michael Cammarata,
Chief Executive Officer of Neptune Wellness Solutions. "I am
delighted to partner with Dr. Goodall again to bring natural health
and wellness products to market that will support our mutual goals
of environmental conservation and reforestation, while at the same
time delivering healthier consumer solutions."
The partnership is strategically aligned with the Forest
Remedies™ brand DNA and ongoing support of One Tree Planted, a
non-profit environmental organization with a focus on global
reforestation. For every product sold, Forest Remedies™ contributes
to the planting of a tree to help rebuild the world's forests and
create a more sustainable future.
Dr. Goodall continued, "The health of people, animals and the
environment are interconnected. This pandemic demonstrates
this. However, if we all make ethical choices, every day, our
collective power for change is great. I believe there is still a
window of time to heal the planet before it is too late, but only
if we each make the right choices every day. I believe that
Neptune's Forest Remedies brand is part of the solution and that is
why I am proud to partner with Michael and Neptune to bring new
Forest Remedies products to market."
Cammarata concluded, "In a rapidly changing world, where
consumers want more ecological products, where corporations
must take on more responsibilities to minimize their environmental
impact, where a vision of human and nature converging is
fundamental to our future, Neptune is dedicated to being in front
of the curve--ecologically, environmentally, and ethically."
The Forest Remedies™ products developed through this partnership
will leverage Neptune's collaboration agreement with International
Flavors & Fragrances Inc. (NYSE: IFF) ("IFF") to
co-develop hemp-derived products for the mass retail and health
& wellness markets.
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 through its Forest Remedies™ brand and white label
offerings. Neptune's sustainably harvested Ocean
RemediesTM krill oil offers consumers a unique source of
EPA and DHA omega-3 fatty acids, phospholipids and natural
antioxidants. 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.
About the Jane Goodall Institute
The Jane Goodall
Institute is a global community conservation organization that
advances the vision and work of Dr. Jane
Goodall. By protecting chimpanzees and inspiring action to
conserve the natural world we all share, we improve the lives of
people, animals and the environment. Founded in 1977 by Dr.
Goodall, JGI makes a difference through community-centered
conservation and the innovative use of science and technology. We
work closely with local communities around the world, inspiring
hope through the collective power of individual action. Through
Roots & Shoots, our youth-led community action and learning
program, young people in 100 countries are acquiring the knowledge
and skills to become compassionate conservation leaders in their
own backyards. Follow the Jane Goodall Institute (@JaneGoodallInst)
on Facebook, Instagram and Twitter.
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.