Former Clorox Product Development Specialist
Brings Significant
Personal and Homecare
Experience
LAVAL, QC, July 15, 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
Eric Gharakhanian, Ph.D. as Director
of Product Development, Health & Wellness Innovations.
Dr. Gharakhanian will be responsible for developing and building
Neptune's portfolio of health and wellness products across personal
care and homecare, with a focus on sustainable and natural
plant-based sanitization wipes, hand sanitizers and other
innovations.
Dr. Gharakhanian joins Neptune from The Clorox Company where he
served as Product Development Specialist, responsible for
developing and maintaining cleaning products and brands within the
company's homecare portfolio. As an organic chemist
with a Ph.D. in chemistry, Gharakhanian led a technical team
focused on significant research developing new technologies to fuel
Clorox's innovation pipeline, resulting in four new product
launches and contributions to three patents that facilitated
significant sales growth for Clorox. He also served as
scientific expert for seven Clorox products. Gharakhanian
holds a B.S. in Chemistry from Georgia
Tech and a Ph.D. in Chemistry from UCLA.
"I am very pleased to welcome Eric to Neptune to accelerate our
product and brand development portfolio in order to meet strong
consumer and retailer demand for high-quality personal and homecare
products," said Michael Cammarata,
Chief Executive Officer of Neptune Wellness Solutions.
"Eric's scientific and technical expertise, combined with his
experience at Clorox will make significant contributions to
Neptune's product innovation pipeline and retailer relationships as
we scale our product reach and distribution nationally in the
U.S."
"I strongly value health and meaningful environmental
sustainability, and strive to align these values with the work I do
in order to do my part to positively impact this world," said Dr.
Gharakhanian. "Neptune is a mission-driven organization with
incredible product development infrastructure to allow me to bring
new innovations to market that are well-aligned with my personal
and professional values. I am excited to join the Neptune
team and contribute positively to the company's product pipeline
sales growth and environmental sustainability."
About Neptune Wellness Solutions Inc.
Neptune
Wellness Solutions is a diversified and fully integrated health and
wellness company. With a mission to redefine health and
wellness, Neptune is focused on building a broad portfolio of high
quality, affordable consumer products in response to long-term
secular trends and market demand for natural, plant-based,
sustainable and purpose-driven lifestyle brands. The Company
utilizes a highly flexible, cost-efficient manufacturing and supply
chain infrastructure that can be scaled up and down or into
adjacent product categories to identify new innovation
opportunities, quickly adapt to consumer preferences and demand,
and bring new products to market through its mass retail partners
and e-commerce channels. Leveraging decades of expertise in
extraction and product formulation, Neptune is a leading provider
of turnkey product development and supply chain solutions to
business customers across several health and wellness verticals,
including legal cannabis and hemp, nutraceuticals and white label
consumer packaged goods. The Company has a strong position in
cannabis and hemp with research, development and commercialization
focused on the use of cannabinoids in household products to make
them safer, healthier and more effective. 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.