LAVAL, QC, July 27, 2021 /CNW Telbec/ - Neptune
Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT)
(TSX: NEPT), a diversified health and wellness company focused on
plant-based, sustainable lifestyle brands, announced the initial
launch of Sprout Organic Foods products into Canada in Metro grocery stores in the province
of Ontario.
This initial launch of Sprout Food organic toddler snacks
includes four new SKUs and is featured in the Metro in-store
flier. The initial launch includes Broccoli Curlz and White
Cheddar Curlz toddler snacks as well as Blueberry Apple and Pumpkin
Butter & Jelly Wafflez toddler snacks. Later this summer,
the Company will expand its Metro offerings with additional SKUs
from its Crinklez toddler snacks.
Neptune Wellness acquired a majority stake in Sprout in
February 2021 as a strategic
acquisition to diversify its health and wellness brand portfolio to
leverage against the Company's expansive retail distribution
network. Since the acquisition, the Company has expanded
Sprout baby foods and toddler snacks into substantially all Target
U.S. stores, Walmart.com, and other retail outlets. Sprout's
expanded distribution into Metro stores is a continuation of the
Company's strategy to grow sales through retail channel expansion
utilizing Neptune's deep international expertise.
Additionally, the Company will leverage its licensing agreement
with CoComelon, the number one children's learning and
entertainment show in the world with more than 100 million YouTube
subscribers, later this year.
Sprout baby foods and toddler snacks are made from 100%
certified organic, non-GMO ingredients. For more information
visit the Sprout Food website at
www.sproutorganicfoods.com.
About Neptune Wellness
Headquartered in Laval, Quebec,
Neptune is a diversified health and wellness company with a mission
to redefine health and wellness. Neptune is focused on
building a 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 to
quickly adapt to consumer demand and bring new products to market
through its mass retail partners and e-commerce channels. For
additional information, please visit:
https://neptunewellness.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 include, without
limitation, statements about the timing for filing of the annual
financial statements, the fulfillment of purchase orders, the
availability of products from Neptune's supplier, and the
anticipated use of proceeds of the financing and 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.