LAVAL, QC, Nov. 16, 2020 /PRNewswire/ - 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, announced today that its Neptune
Health and Wellness Innovation Inc. division has landed an
aggregate of over US$100 million in
new delivery orders (the "Purchase Orders").
The Purchase Orders come from six different Neptune clients and
is indicative of business interest in Neptune as a preferred
distributor for major corporations seeking innovative and critical
health/wellness products, the Company added.
"We are continuing to vet and add additional products in
specific areas which we've identified as having the greatest
opportunity for growth and success in the health and wellness
space, including in personal protective equipment," a spokesperson
for the Company said. "Our footprint for distribution has been
growing exponentially over the last several months and we see that
continuing through the end of the year."
Added the spokesperson: "We remain committed to increasing
shareholder value as well as confidence and these Purchase Orders
are evidence that our B2B and B2C dual go-to-market strategy to
serve consumers at both wholesale and retail levels, is yielding
consistent, long-term revenue opportunities."
It should be noted, however, that the purchase orders are not
guaranteed, and there is no certainty that all of the orders will
be completed or that they will be fulfilled in their entirety.
For more information visit www.neptunecorp.com.
ABOUT NEPTUNE WELLNESS SOLUTIONS INC.:
Neptune
Wellness Solutions is a unique global health and wellness company
that is changing consumer habits through the creation and
distribution of environmentally friendly, ethical and innovative
consumer product goods. Neptune's simultaneous focus on B2C and B2B
customer-oriented brand development provides the Company with
international reach and scale from its owned and operated
facilities that extract and create product formulation, all the way
to the sales floor at top global retailers.
Underpinned by a disruptive spirit, Neptune's diversified, and
fully integrated business model focuses on natural, plant-based,
sustainable and purpose-driven lifestyle brands and the use of
cannabinoids in household products to make them safer, healthier
and more effective. Its portfolio includes emerging brands such as
Forest Remedies™, Ocean Remedies™, Neptune Wellness™, Mood Ring™,
and OCEANO3™, which are poised for rapid growth and expansion.
Backed with a cost-efficient manufacturing and supply chain
infrastructure that can be scaled up and down or into adjacent
product categories to identify new innovation opportunities,
Neptune quickly adapts to consumer preferences and demand, and is
bringing its products as well as other Fortune 100 brands to market
through strategic distribution partnerships, mass retail partners
and e-commerce channels. Neptune is committed to its core mission
of redefining health and wellness and helping humanity thrive by
providing sustainable consumer focused solutions. 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. These statements
are based on certain factors and assumptions, including that the
purchase orders will be completed and will be fulfilled in their
entirety, that the purchase orders will not be revised after
delivery and are not decreased or increased in accordance with the
customer's needs, the availability of sufficient cash or credit
facilities for Neptune to fund its purchase orders, expected
financial performance, the effect of the ongoing global COVID-19
public health emergency on Neptune's operations, business
prospects, and its effect on supply chains and delays, unexpected
failures in third party manufacturers and logistics, including
delays at customs or ports of entries, capacity constraints,
regulatory issues or quality control problems, the failure of
Neptune's suppliers to meet Neptune's requirements, and the price
at which Neptune will sell such products and like matters. While
Neptune considers these factors and assumptions to be reasonable,
based on information currently available, they may prove to be
incorrect. 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.