LAVAL, QC, Sept. 15, 2020 /CNW/ - 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 the
Company has been listed #11 in the TSX30 program and named as one
of Canada's top growing
companies.
The Toronto Stock Exchange (TSX) ranked Neptune amongst the
thirty top-performing TSX stocks over a three-year period based on
dividend-adjusted share price appreciation, through inclusion in
the TSX30 program. In addition, Neptune has been included in
the Report on Business list of Canada's Top Growing Companies for its
three-year cumulative revenue growth.
"Since Neptune first publicly listed its shares in 2011, the
Toronto Stock Exchange has been an outstanding platform for North
American investors to participate in the growth of our
Company—especially in the past twelve months as we have transformed
our business from primarily business-to-business and have extended
our reach to business-to-consumer and direct-to-consumer,"
said Michael Cammarata, Chief Executive Officer and President
of Neptune.
"The TSX provides us with increased exposure to the North
American investment community on both the buy-side and sell-side,
along with access to data that gives us the ability to understand
our trading activity and how to better communicate with
investors.
"This is a significant development and honour for Neptune. It
reflects the strong performance of Neptune's business and our
recent transformation as well as positive investor response and
buy-in of our strategic vision to build a broad portfolio of
natural, plant-based, and sustainable brands and consumer packaged
products in key health and wellness markets, including hemp,
nutraceuticals, personal care, and home care.
"It's particularly noteworthy that Neptune is honoured during
the challenging COVID-19 pandemic," Mr. Cammarata added.
"I'm incredibly proud of how the entire Neptune team has
persevered through these challenging times. The first quarter of
fiscal 2021 marked a turning point for Neptune. We quadrupled
first-quarter revenue to more than $21.3
million and generated gross profit margin improvements,
which reflects increasing volumes and efficiencies. We attribute
these milestones to our team's hard work and dedication to our
mission of redefining health and wellness. They remained agile and
responsive to changing market conditions amid the COVID-19 pandemic
as we sped up new product initiatives and executed against the
strategy of a fully integrated health and wellness business.
"We are building our brands and innovations, moving closer to
the consumer, and offering exceptional service to our B2B
customers. We now move forward with a focus on consumer product
goods, a direct-to-consumer business model, and a goal to enhance
our own intellectual property."
Both the TSX30 and Canada's Top
Growing Companies programs launched in 2019. The TSX30 program
includes companies from a wide range of sectors and serves to
highlight the power and diversity of investment opportunities in
Canada's world-class marketplace.
The Report on Business Top Growing Companies award aims
to celebrate entrepreneurial achievement by identifying and
amplifying the success of growth-minded, independent businesses in
Canada.
The full list of 2020 winners for both the TSX30 and
Canada's Top Growing Companies is
published TK and online at tsx.com/tsx30 and tgam.ca/TopGrowing,
respectively.
To learn more about Neptune Wellness Solutions, Inc. visit
https://neptunecorp.com/.
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 and affordable consumer products in response to
long-term secular trends and market demand for 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 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 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.shtml 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.