Alberta marks
the 4th province, in addition to British Columbia, Ontario and Quebec, where Neptune
Sells its Branded Cannabis
LAVAL, QC, Aug. 2, 2021 /CNW/
- Neptune Wellness Solutions Inc. ("Neptune" or the "Company")
(NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated
health and wellness company focused on plant-based and sustainable
lifestyle brands, today announced it launched its Mood Ring
branded cannabis flower in the province of Alberta.
"I am pleased to announce that we have officially launched our
Mood Ring Florida Citrus Kush flower in the province of
Alberta, which has been very well
received by consumers in other provinces," said Michael Cammarata, Chief Executive Officer and
President of Neptune. "This is another step in the transformation
of our cannabis business from a slow-growth, low margin extraction
business to a high growth, higher margin branded CPG business."
The Alberta launch marks the
fourth province, in addition to British
Columbia, Ontario and
Quebec, where Neptune Wellness now
sells its cannabis products under its Mood Ring and PanHash brands.
These four provinces account for more than 80% of Canadian cannabis
retail sales and provide Neptune Wellness access to more than 2,000
retail cannabis stores in the Canadian market.
With every purchase of our Mood Ring flower products, a portion
of the proceeds are donated to the planting of a tree through our
partnership with One Tree Planted. The Company expects to launch
new Mood Ring and PanHash branded products across its licensed
Canadian footprint throughout the coming year. For more
information, please visit https://moodring.com or
https://panhash.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.