The preliminary portfolio consists of non-GMO and environmentally pleasant packaged merchandise: High CBD Oil, Legacy Hashish, and High CBD Capsules. Mood Ring™ High CBD Oil and High CBD Capsules profit from a patented chilly ethanol extraction course of, which creates a full spectrum focus that preserves terpenes to retain its earthy aroma and flavour. Aligned with Neptune’s dedication to sustainability, the methodology requires considerably much less vitality than CO2 extraction, empowering Neptune to reduce its carbon footprint.
“This is an exciting next step for Mood Ring™. The initial launch was a great success and we’re ecstatic to bring the range of cannabis extracts to Ontario. At Neptune we recognize the immense potential of cannabinoids and have put our decades of experience in health and wellness to develop responsibly crafted products. We want to enable Canadians nationwide to benefit from legalization in innovative ways and our partnerships with provincial wholesalers supports this accessibility,” mentioned Michael Cammarata, Chief Executive Officer and President of Neptune.
The model’s Legacy Hashish is produced from the trichomes of rigorously curated cannabis strains to disclose the crop’s complicated cannabinoid and terpene profiles. Resin glands are separated in water, with out solvents, and are then pressed to type a agency, sticky block of old-world model cannabis.
Neptune’s Mood Ring™ merchandise can be found now to over 400 licensed retailers via the OCS, which additionally provides shoppers in Ontario immediately. All cannabis-extracts are manufactured on the Company’s purpose-built facility in Sherbrooke, Quebec.
Dr. Toni Rinow, Neptune’s Chief Financial Officer and Global Operating Officer, added: “We are driven to create products that support our customers’ ever changing needs. Our goal is to be innovative and to harness the super ingredients that are cannabinoids.”
ABOUT NEPTUNE WELLNESS SOLUTIONS INC.:
Neptune Wellness Solutions is a novel international well being and wellness firm that’s altering client habits via the creation and distribution of environmentally pleasant, moral and modern client product items. Neptune’s simultaneous concentrate on B2C and B2B customer-oriented model improvement offers the Company with worldwide attain and scale from its owned and operated amenities that extract and create product formulation, all the way in which to the gross sales flooring at high international retailers. Underpinned by a disruptive spirit, Neptune’s diversified, and totally built-in enterprise mannequin focuses on pure, plant-based, sustainable and purpose-driven life-style manufacturers and using cannabinoids in family merchandise to make them safer, more healthy and simpler. Its portfolio contains rising manufacturers reminiscent of Forest Remedies™, Ocean Remedies™, Neptune Wellness™, Mood Ring™, and OCEANO3™, that are poised for fast development and growth. Backed with a cost-efficient manufacturing and provide chain infrastructure that may be scaled up and down or into adjoining product classes to determine new innovation alternatives, Neptune shortly adapts to client preferences and demand, and is bringing its merchandise in addition to different Fortune 100 manufacturers to market via strategic distribution partnerships, mass retail companions and e-commerce channels. Neptune is dedicated to its core mission of redefining well being and wellness and serving to humanity thrive by offering sustainable client centered options. For further info, please go to: https://www.neptunecorp.com/
FORWARD LOOKING STATEMENTS:
Statements on this press launch that aren’t statements of historic or present reality represent “forward-looking statements” inside the which means of the U.S. securities legal guidelines and Canadian securities legal guidelines. Such forward-looking statements contain recognized and unknown dangers, uncertainties, and different unknown elements that would trigger the precise outcomes of Neptune to be materially completely different from historic outcomes or from any future outcomes expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such dangers and uncertainties, readers are urged to think about statements labelled with the phrases “believes”, “belief”, “expects”, “intends”, “projects”, “anticipates”, “will”, “should” or “plans” to be unsure and forward-looking. Readers are cautioned to not place undue reliance on these forward-looking statements, which communicate solely as of the date of this press launch. The ahead trying statements contained on this press launch are expressly certified of their entirety by this cautionary assertion and the “Cautionary Note Regarding Forward-Looking Information” part contained in Neptune’s newest Annual Information Form (the “AIF”), which additionally kinds a part of Neptune’s newest annual report on Form 40-F, and which is out there on SEDAR atwww.sedar.com , on EDGAR at www.sec.gov/edgar.shtml and on the investor part of Neptune’s web site at www.neptunecorp.com . All forward-looking statements on this press launch are made as of the date of this press launch. Neptune doesn’t undertake to replace any such forward-looking statements whether or not on account of new info, future occasions or in any other case, besides as required by regulation. The forward-looking statements contained herein are additionally topic typically to different dangers and uncertainties which might be described sometimes in Neptune public securities filings with the Securities and Exchange Commission and the Canadian securities commissions. Additional details about these assumptions and dangers and uncertainties is contained within the AIF beneath “Risk Factors”. Neither NASDAQ nor the Toronto Stock Exchange accepts duty for the adequacy or accuracy of this launch.
SOURCE Neptune Wellness Solutions Inc.