Appoints veteran VP Operations
Hires high profile cannabis sommelier
LAVAL, QC, Aug. 22, 2019 /PRNewswire/ - Neptune
Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT)
(TSX: NEPT) is pleased to announce two new additions to its team to
support the company's rapid growth. Neptune has appointed
Stephen Lijoi, as Vice-President
Operations and José Dominguez as Cannabis Sommelier and Formulation
Specialist.
Stephen Lijoi will oversee all of
Neptune's extraction, manufacturing and packaging operations at the
company's two facilities, Sherbrooke,
Quebec and Conover, North
Carolina. Mr. Lijoi has close to 30 years of experience in
quality assurance and overseeing all aspects of pharmaceutical and
nutritional supplement manufacturing operations. His wide-ranging
experience includes positions with global companies, supervising
over 1000 employees, managing rapid capacity expansions and holding
responsibilities with several manufacturing facilities in various
countries. He has also been involved with comprehensive cGMP and
FDA regulatory programs and standards.
"We are pleased to have Stephen join us at this stage of our
expansion as we anticipate rapidly ramping up our processing
capabilities at the Sherbrooke
facility and the SugarLeaf facility in North Carolina. Considering his experience and
achievements, we have full confidence in his ability to support
Neptune's vision of quality, safety and operational excellence,"
said Michael Cammarata, Neptune's
CEO.
José Dominguez will start in September in a newly created
position of Cannabis Sommelier and Formulation Specialist. José
will play an instrumental role in creating, designing and
formulating vape pens for Neptune. In addition to these efforts,
José will also assist in producing several additional products,
which include tinctures, topicals and beverages.
"José significantly increases our formulation capabilities for
various product forms, especially in the vape pens category, which
is expected to grow rapidly in the next few years," added Mr.
Cammarata. "José is a fixture in the Canadian cannabis landscape,
and coupling his experience with our work at Neptune, we are
confident in his ability to bring wholly-owned, unique sought-after
products to the cannabis space for our customers."
José has earned more than 40 individual cannabis awards during
his career including first-place awards for CBD flower, sativa
flower, hybrid flower and solvent-less hash, which he won at the
2016 Lift Cannabis Cup in Vancouver. In the same year, Highway
Magazine named José as Canada's cannabis champion following his
success at the Karma Elite Medical Marijuana Cup in 2016 with a
first-place win for sativa flower and CBD flower.
About Neptune Wellness Solutions Inc.
Neptune Wellness
Solutions specializes in the extraction, purification and
formulation of health and wellness products. Neptune's wholly owned
subsidiary, 9354-7537 Québec Inc., is licensed by Health Canada to
process cannabis at its 50,000-square-foot facility located in
Sherbrooke, Québec. Neptune brings
decades of experience in the natural products sector to the legal
cannabis industry. Leveraging its scientific and technological
expertise, Neptune focuses on the development of value-added and
differentiated products for the Canadian and global cannabis
markets. Neptune's activities also include the development and
commercialization of turnkey nutrition solutions and patented
ingredients such as MaxSimil®, and of a variety of marine and seed
oils. The Company's head office is located in Laval, Quebec.
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.