Neptune to rapidly bring effective and
sustainable surface disinfectant wipes to market to support
demand and restock store shelves
LAVAL, QC, Aug. 13, 2020 /PRNewswire/ - Neptune
Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT)
(TSX: NEPT), a diversified and fully integrated health and wellness
company focused on natural, plant-based, sustainable and
purpose-driven lifestyle brands, is pleased to announce that its
subsidiary, Neptune Health & Wellness Innovation, Inc.,
has received a Company Number from the U.S. Environmental
Protection Agency (EPA) for surface disinfectant wipes.
With receipt of the EPA Company Number, Neptune now has the
ability to develop new surface disinfectant products for EPA
regulatory approval and to distribute existing surface disinfectant
products in the U.S. leveraging its white label turnkey product
development capabilities.
"This process is an essential step for Neptune to expand beyond
hand sanitizing products and into surface disinfectants to support
supply shortages driven by the COVID-19 pandemic," said
Michael Cammarata, Chief Executive
Officer of Neptune Wellness Solutions. "Consumers are seeing empty
shelves and some surface wipes will not be restocked in stores
until next year. We are mobilizing on the regulatory, product
development and supply chain fronts to rapidly bring effective and
sustainable surface disinfectant wipes to market to support demand
and restock store shelves so consumers can have access to these
critical products."
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. These forward-looking
statements include, without limitation, statements relating to
Neptune's ability to successfully develop and market surface
disinfectant products and the timing thereof. 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.