4.9500 -0.01 (-0.20%)
After hours: 5:50PM EDT
|Bid||4.9400 x 800|
|Ask||4.9500 x 3000|
|Day's Range||4.8000 - 5.1300|
|52 Week Range||2.4200 - 5.2200|
|Beta (3Y Monthly)||2.50|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Wellness and CBD brand Kaleidoscope Labs has raised a $4 million seed round support their expansion efforts. New York-based venture capital firm RRE Ventures led the round with participation from Barry Rosenstein, founder of JANA Partners. SOL Global Investments (CSE: SOL) (OTCQB: SOLCF) (Frankfurt: 9SB) has completed a $50 million private placement financing by way of the […]The post Cannabis Stock News Daily Roundup July 9 appeared first on Market Exclusive.
Neptune Wellness Solutions Inc. said Monday Chief Executive Jim Hamilton has stepped down after more than 4 years in the role, but will remain with the cannabis extraction company as an advisor. Neptune named Micheal Cammarata as its new CEO, effective Monday. The company said Cammarata, who has been a "serial entrepreneur" over the past 20 years, is the co-founder of wellness brand Schmidt's Naturals, which is now a business unit of Unilever PLC . "[Cammarata] has identified new trends and opportunities which led to the development of market-leading products," said Chairman John Moretz. "These critical skills should benefit our customers. Moreover, Michael possesses the right mix of operational CEO experience, leadership skills, and technology industry expertise to help elevate Neptune to the next level." Neptune's stock, which was still inactive in premarket trading, has soared 74.4% year to date, while the ETFMG Alternative Harvest ETF has rallied 27.3% and the Dow Jones Industrial Average has gained 15.4%.
After over 4 years, Jim Hamilton has stepped down from his role as CEO and Director but will remain as an advisor to the Board. Over the past 20 years, Mr. Cammarata has been a serial entrepreneur, developing businesses and successfully investing in various sectors such as wellness products, biotechnology, advertising, electronics and entertainment, through his own venture capital and private equity firm, Random Occurrence. Mr. Cammarata is the co-founder of Schmidt's Naturals, now a business unit of Unilever, which has quickly established itself as one of the fastest growing wellness brands. Mr. Cammarata's investment, strategic retail partnerships and deep understanding of digital architecture contributed to breakthrough years for Schmidt's Naturals' from its start-up stage in 2015 to the acquisition by Unilever in 2017.
This marijuana stock continues extracting more money from investors thanks to 2019 extraction deals with Tilray and The Green Organic Dutchman.
These cannabis stocks racked up gains of at least 60% in the first half of 2019. Which ones are most likely to keep the momentum going?
Medicare for all may not be just a Democratic talking point as the 2020 campaign kicks into high gear. It could also “dramatically” increase access to medical marijuana, according to Nicholas Vita, CEO of cannabis company Columbia Care.
Some of those may have gained their wealth through the Evolve Marijuana ETF (TSE:SEED) (OTC: EVVLF), which, in the last year, has delivered the best performance among all cannabis ETFs. Need more cannabis news? Evolve launched SEED on the Toronto Stock Exchange roughly 14 months ago.
Neptune Wellness Solutions (NASDAQ: NEPT) (TSX: NEPT) has reported that its subsidiary 9354-7537 Québec has received approval from Health Canada for its cannabis operations. Extraction Capacity Increases to 200,000 kg The scope of the amendment received from Health Canada permits expansion of cannabis operation areas to include an additional extraction room where Neptune will perform cold […]The post Neptune Gets Approval for Expansion of Cannabis Oil Capsule Production appeared first on Market Exclusive.
LAVAL, QC, June 17, 2019 /PRNewswire/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NEPT) (NEPT) is pleased to announce that its wholly owned subsidiary, 9354-7537 Québec Inc., has received a notification letter from Health Canada indicating that all requested license amendments have been approved. The scope of the amendment received from Health Canada permits expansion of cannabis operation areas to include an additional extraction room where Neptune will perform cold ethanol extraction. Ethanol extraction is faster and more cost effective than the CO2 extraction currently used and will increase Neptune's input capacity from 30,000 kg to 200,000 kg.
Initiates Expansion of Extraction Capacity to 1,500,000 kg Along With Additional Packaging and Finished Forms Capabilities Creates a One-Stop Shop for Licenced Cannabis Producers Fiscal Year 2019 and Fourth ...
Shares of Neptune Wellness Solutions Inc. rallied Wednesday, after the Canada-based company announced a second 3-year extraction agreement with a cannabis company in a week.
NEW YORK, NY / ACCESSWIRE / June 12, 2019 / Neptune Wellness Solutions, Inc. (NASDAQ: NEPT ) will be discussing their earnings results in their 2019 Fourth Quarter Earnings to be held on June 12, 2019 ...
Under the three-year agreement, Neptune will provide The Green Organic Dutchman with extraction, formulation and packaging services. The Green Organic Dutchman will have exclusivity over the extraction, formulation and packaging for certified organic cannabis products for the Canadian market. Additional terms of the agreement have The Green Organic Dutchman allocating over 230,000 kilograms of cannabis and hemp to Neptune for the processing of its organic consumer wellness items.
Under terms of the deal, Green Organic will supply more than 230,000 kilograms of cannabis and hemp biomass to Neptune, which will extract and purify cannabinoids and terpenes, to be transformed into organic finished products.
Shares of Neptune Wellness Solutions Inc. shot up 11% toward a record high in premarket trade Wednesday, after the Canada-based extraction and purification company announced a 3-year agreement with cannabis company Green Organic Dutchman Holdings Ltd. . Under terms of the agreement, Green Organic will supply more than 230,000 kilograms of cannabis and hemp biomass to Neptune, which will extract and purify cannabinoids and terpenes, to be transformed into organic finished products. The first shipment of biomass is expected to be received in September 2019. The deal comes less than a week after Neptune announced a 3-year extraction and purification agreement with cannabis company Tilray Inc. , that sent Neptune's stock to a record close on Friday. Neptune's stock has rallied 39.3% over the past three months while Green Organic shares have shed 20.5%, the ETFMG Alternative Harvest ETF has lost 11.0% and the S&P 500 has gained 3.4%.
TORONTO , June 12, 2019 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TGOD.TO) (TGODF) is pleased to announce that it has entered into a multi-year agreement with Neptune Wellness Solutions Inc. ("Neptune") (NEPT) (NEPT.TO) for extraction, formulation and packaging services. As part of the agreement, TGOD will have exclusivity on extraction, formulation and packaging of certified organic products within and for the Canadian market.
LAVAL, QC, June 12, 2019 /PRNewswire/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NEPT) (NEPT), has entered into a definitive long-term agreement to provide extraction, formulation and packaging services to The Green Organic Dutchman Holdings Ltd. ("TGOD") (TGOD.TO) (TGODF). Neptune will extract and purify cannabinoids and terpenes from cannabis and hemp biomass received from TGOD. Under the terms of the contract, TGOD has committed to supply more than 230,000 kilograms of cannabis and hemp biomass to Neptune spanning a three-year period.