Neptune Health & Wellness Innovations
expands portfolio of health and wellness products
LAVAL, QC, June 15, 2020 /CNW Telbec/ - Neptune
Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT)
(TSX: NEPT), a diversified and fully integrated health and wellness
company, is pleased to announce today that the Company's Health
& Wellness Innovations division has launched Neptune Halo, an electronic pulse oximeter
device that is a key tool in the battle against COVID-19.
According to the American Lung Association, the pulse oximeter
observes a rapid measurement of oxygen saturation level in the body
without using needles or taking a blood sample, which alerts users
to seek medical help if their oxygen levels are too low.
In an April 24th, New York Times article, Dr. Richard Levitan, an emergency physician in
Littleton, N.H, commented:
"Patients with COVID-19 can experience a potentially dangerous drop
in oxygen saturation without having obvious breathing problems.
Without a pulse oximeter, they might never know it or get very used
to how they feel, despite very low oxygen levels. By the time they
go to the hospital feeling shortness of breath, their oxygen levels
would have dropped significantly, and they could have very advanced
COVID pneumonia."
Neptune Health & Wellness Innovations is rapidly bringing
new products to market to address market demand for critical health
and wellness products such as Neptune
Halo oximeter, the Neptune Air non-contact thermometer, as
well as hand sanitizer products and other innovations in
development. The Company is preparing a B2B and B2C strategy
to bring Neptune Halo and Neptune
Air to market via partnerships with national retailers and
direct-to-consumers through its own e-commerce platform and
e-commerce partners.
"Neptune Halo is another example
of Neptune's ability to rapidly respond to market needs and deliver
high quality products at value pricing as a diversified and fully
integrated health and wellness company," said Michael Cammarata, Chief Executive Officer of
Neptune Wellness Solutions. "We are proud to do our part to
help people better monitor their health and identify when a COVID
infection is reducing oxygen levels."
About Neptune Wellness Solutions Inc.
Neptune
Wellness Solutions is a diversified and fully integrated health and
wellness company. Through its flagship consumer-facing brands,
Forest Remedies™ and Ocean Remedies™, Neptune is redefining health
and wellness by building a broad portfolio of natural, plant-based,
sustainable and purpose-driven lifestyle brands and consumer
packaged goods products in key health and wellness markets,
including hemp, nutraceuticals, personal care and home care.
Leveraging decades of expertise in extraction and specialty
ingredient formulation, Neptune is a leading provider of turnkey
product development and supply chain solutions to businesses and
government customers across several health and wellness verticals,
including legal cannabis and hemp, nutraceuticals and white label
consumer packaged goods. The Company utilizes a highly
flexible and low cost supply chain infrastructure that can be
scaled up and down or into adjacent product categories to quickly
adapt to market demand. 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.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.