Responding to a lack of critical supply and
strong demand from North American customers driven by COVID-19
pandemic
LAVAL, QC, April 23, 2020 /PRNewswire/ - Neptune Wellness
Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX:
NEPT), a leader in natural health products, and its subsidiary
Biodroga, is successfully accelerating production of hand
sanitizers to over one million units weekly. Neptune's hand
sanitizer gel kills 99.9% of germs and bacteria and is available in
2 oz, 4 oz, 6oz, 8 oz, 16 oz, 1 liter and 1 gallon formats.
Neptune has executed on scaling up hand sanitizer production
ahead of schedule to rapidly increase critical supply and meet
market demand driven by the COVID-19 pandemic. This scale up will
allow Neptune to meet strong demand from its North American retail
and government customers, and begin shipping product next week,
including fulfilling a purchase order from a large North American
retailer.
"I could not be more proud of how our entire team has mobilized
to leverage our collective expertise in procurement, manufacturing,
product innovation, supply chain management and regulatory affairs
to bring significant and continuous supply of hand sanitizer gel to
market ahead of schedule during this critical stage in the battle
against COVID-19," said Michael
Cammarata, Chief Executive Officer of Neptune Wellness
Solutions. "We are rapidly responding to the needs of North
Americans and playing a key role in meeting customer demand for
safe and effective hand sanitizer to help prevent the spread of
germs and protect consumer health."
For product and order inquiries, please contact:
cs@neptunecorrp.com or visit our website
http://solutions.neptunecorp.com.
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.
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.