Former Walmart executive brings 20+ year
proven track record of driving B2C and B2B sales of CPG and health
and wellness products across all channels
LAVAL, QC, June 2, 2020 /PRNewswire/ - Neptune Wellness
Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX:
NEPT), a diversified and fully integrated health and wellness
company, is pleased to announce today the appointment of
Robert DiPede as Senior Vice
President of the Company's Biodroga business unit and recently
formed Health & Wellness Innovation division.
Mr. DiPede brings a 20-plus year proven track record of driving
B2C and B2B sales of consumer packaged goods (CPG) and health and
wellness products across all channels, including national retail
chains, food/drug/mass retailers and e-commerce. He joins
Neptune from Walmart where he served as Director of Territory &
Global Export Sales, responsible for leading a team of senior
territory sales professionals in domestic, global and e-commerce
sales delivering $1B in revenue.
At Neptune, Mr. DiPede will be responsible for driving sales
of existing and new products developed by Biodroga and the
Company's Health & Wellness Innovation division.
"We continue to build a world-class team to accelerate our
growth and positioning as a diversified and fully integrated health
and wellness company," said Michael
Cammarata, Chief Executive Officer of Neptune Wellness
Solutions. "Robert brings highly relevant experience and deep
relationships with national retail partners across all
channels. He is a great fit to fully leverage the
capabilities of Biodroga and to drive growth in Health &
Wellness Innovation. I'm excited to welcome him to Neptune as
we utilize our strong assets and history to capitalize on the
opportunity we see in the large and growing health and wellness
sector."
Acquired by Neptune in January
2016, Biodroga provides functional ingredients and
customized turnkey product formulation services to North American
branded marketers in the health and wellness industry, and more
recently, for Neptune-branded CPG products across health and
wellness markets. Neptune's long history and specialization
in extraction, purification and formulation of health and wellness
products, combined with Biodroga's product development
capabilities, is resonating with partners globally and allowing
Neptune to rapidly respond to new opportunities across cannabis and
hemp, nutraceuticals and consumer packaged goods.
Neptune Health & Wellness Innovation is rapidly bringing new
products to market to address market demand for critical health and
wellness products such as the Neptune Air non-contact thermometer,
an oximeter product to measure oxygen levels in the blood and heart
rate, as well as hand sanitizer products and other innovations in
development.
"Neptune has quickly positioned itself as leading innovators,
partners and brand developers, rapidly bringing our new products
and brands to market through utilization of its turnkey supply
chain solutions and the collective experience of an impressive team
assembled over the past year," said DiPede. "I am excited to
join the team and get to work to contribute to our growth."
About Neptune Wellness Solutions Inc.
Neptune
Wellness Solutions is a diversified and fully integrated health and
wellness company. Through its flagship consumer-facing brands,
Forest Remedies™ and Ocean Remedies™, Neptune is redefining health
and wellness by building a broad portfolio of natural, plant-based,
sustainable and purpose-driven lifestyle brands and consumer
packaged goods products in key health and wellness markets,
including hemp, nutraceuticals, personal care and home care.
Leveraging decades of expertise in extraction and specialty
ingredient formulation, Neptune is a leading provider of turnkey
product development and supply chain solutions to businesses and
government customers across several health and wellness verticals,
including legal cannabis and hemp, nutraceuticals and white label
consumer packaged goods. The Company utilizes a highly
flexible and low cost supply chain infrastructure that can be
scaled up and down or into adjacent product categories to quickly
adapt to market demand. Neptune's corporate headquarters is located
in Laval, Quebec, with a
50,000-square-foot production facility located in Sherbrooke, Quebec and a 24,000 square-foot
facility located in North Carolina. For additional
information, please visit: https://neptunecorp.com/
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.