|Bid||5.37 x 0|
|Ask||5.38 x 0|
|Day's Range||5.21 - 5.42|
|52 Week Range||3.01 - 6.64|
|Beta (3Y Monthly)||2.01|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 3, 2019 - Jun 7, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.11|
LAVAL, QC, May 13, 2019 /PRNewswire/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NEPT) (NEPT) is pleased to announce the appointment of Martin Landry to the position of Chief of Corporate Development & Strategy. Mr. Landry will be joining the Company's management team as of May 27, 2019. Martin Landry, CPA, CA has cumulated 20 years of experience in capital markets and accounting.
LAVAL, QC , May 10, 2019 /CNW Telbec/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Corporation") (NEPT) (NEPT), announced that it has settled regarding certain claims made by the Corporation's former chief executive officer (the "Former CEO") against the Corporation in respect of the termination of his employment with the Corporation.
Neptune will acquire all assets of SugarLeaf Labs, LLC and Forest Remedies LLC. Both enterprises operate as a single registered North Carolina-based commercial hemp company. Neptune will pay an initial consideration of $18 million at closing, consisting of $12 million in cash and the rest in stock. Over each of the next three years, Neptune will pay the additional consideration of up to $132 million as a combination of cash and shares, following the achievement of certain annual adjusted EBITDA and other performance targets.
LAVAL, QC, May 9, 2019 /PRNewswire/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NEPT) (TSX: NEPT) today announced the signing of a definitive agreement to acquire substantially all of the assets of SugarLeaf Labs, LLC and Forest Remedies LLC (collectively, "SugarLeaf"), a registered North Carolina-based commercial hemp company providing extraction services and formulated products. Through SugarLeaf, Neptune establishes a U.S.-based hemp extract supply chain, gaining a 24,000 square foot facility located in the important U.S. Southeast region. SugarLeaf's cutting-edge cold ethanol processing facility with a processing capacity of 1,500,000 kg uses hemp cultivated by licensed American growers consistent with federal and state regulations to yield high-quality full and broad-spectrum hemp extracts.
LAVAL, QC , May 1, 2019 /CNW Telbec/ - Neptune Wellness Solutions Inc. ("Neptune") (NEPT) (NEPT) is pleased to announce its participation at the BMO Capital Markets' 2019 Farm to Market Conference in New York City on May 15 and 16 and the Cowen and Company's Toronto Cannabis Summit on May 22 . At BMO, Neptune's President and CEO, Jim Hamilton , will be presenting at 4:50 pm on May 16, 2019 . At Cowen, Mr. Hamilton will participate on the Extraction panel taking place at 2:45 pm on May 22, 2019 .
LAVAL, QC, April 15, 2019 /PRNewswire/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NEPT) (NEPT) is pleased to announce that its Solutions Business has begun offering turnkey product development solutions with hemp-derived ingredients to business customers in the United States. Neptune boasts long-standing experience in the management of custom and white label turnkey product development solutions comprising a diverse array of product forms including softgels, liquids, topicals, emulsions, and water-dispersible powders. Branded ingredients and products that have contributed to Neptune's success, such as MaxSimil® and ECSentialsTM formulations, could potentially be used in unique combinations with hemp ingredients, particularly as the U.S. regulatory framework around hemp extracts and cannabidiol (CBD) evolves.
LAVAL, QC , April 10, 2019 /CNW Telbec/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NEPT) (NEPT) is pleased to announce today that Dr. Graham Wood will be joining the Company's management team as Chief Scientific Officer (CSO) as of May 1 st, 2019. With the creation of this new position, Neptune takes a significant step further in executing on its strategy toward global leadership in the offering of value added, differentiated science-based products for the legal cannabis and nutrition consumer product markets. Dr. Wood, holder of a Ph.D. in Neurology and Neurosurgery from McGill University, is a distinguished researcher and executive and a recognized leader in the clinical pharmacology of cannabis with experience with combustible, vaping, sublingual and oral oils and capsules formulations of cannabis.
Although often overshadowed by the importance of marijuana retail and branding, cannabis extraction is a vital component of any vertically integrated cannabis company. Not only do in-house extraction operations allow cannabis companies to avoid outsourcing costs, but it also enables the potential for additional revenue streams and more rapid product ideation. With cannabis edibles, extracts, and topicals expected to be legal in the Canadian market later this year, we examine some of the marijuana industry’s largest cannabis extractors.
LAVAL, QC , March 26, 2019 /CNW Telbec/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NEPT) (NEPT) is pleased to announce that it has completed initial commercial production lots and is now shipping cannabis extracts from its licensed, GPP facility in Sherbrooke, Quebec . After receiving its standard processing licence from Health Canada on January 4, 2019 , Neptune completed required testing and commissioning of its Phase 1 (CO2-based) extraction installation, after which it produced its first lots of cannabis extract. "The quality of the extracts in Neptune's first production runs at our state-of-the-art facility has been terrific, and we are proud to begin deliveries.
LAVAL, QC, March 25, 2019 /PRNewswire/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Corporation") (NASDAQ: NEPT) (NEPT), announced that it has received a judgment from the Superior Court of Québec (the "Court") regarding certain previously disclosed claims made by the Corporation's former chief executive officer (the "Former CEO") against the Corporation in respect of certain royalty payments alleged to be owed and owing to the Former CEO pursuant to the terms of an agreement entered into on February 23, 2001 between Neptune and a corporation controlled by the Former CEO (the "Agreement"). The Corporation had also filed a counterclaim against the Former CEO disputing the validity and interpretation of certain clauses contained in the Agreement and claiming the repayment of certain amounts previously paid to the Former CEO pursuant to the terms of the Agreement.
On a per-share basis, the Laval, Quebec-based company said it had a loss of 4 cents. The krill oil maker posted revenue of $4.9 million in the period. In the final minutes of trading on Wednesday, the ...