LAVAL, QC, September 15, 2020 / PRNewswire / -Neptune Wellness Solutions, Inc. (“Neptune” or the “Company”) (NASDAQ: NEPT) (TSX: NEPT), a diverse and fully integrated health and wellness company focused on natural, herbal, sustainable, and goal-oriented lifestyle brands, is pleased to announce that the company has been listed 11th in the TSX30 program and named one of the From Canada fastest growing companies.
The Toronto Stock Exchange (TSX) ranked Neptune among the thirty best performing stocks on the TSX over a three-year period based on dividend-adjusted share price appreciation, through its inclusion in the TSX30 program. In addition, Neptune was included in the report on the list of companies of From Canada Leading growth companies for cumulative revenue growth over three years.
“Since Neptune first listed its shares on the stock exchange in 2011, the Toronto Stock Exchange has been an exceptional platform for North American investors to participate in the growth of our company, particularly over the past twelve recent months, as we have transformed our business primarily from business to business, and we have extended our reach to business-to-consumer and directly to consumers, “said Michael Cammarata, CEO and President of Neptune.
“TSX gives us increased exposure to the North American financial community, both long and short, as well as access to data that allows us to understand our trading activities and better communicate with investors.
“This is an important development and honor for Neptune. It reflects the strong performance of Neptune’s business and our recent transformation, as well as the positive response from investors and adherence to our strategic vision to build a broad portfolio of natural, plant and sustainable brands and products from consumer packaged in major health and wellness markets, including hemp, nutraceuticals, personal care and home care.
“It is particularly interesting that Neptune is being honored during the difficult COVID-19 pandemic,” added Mr. Cammarata.
“I am incredibly proud of how the entire Neptune team has persevered through these difficult times. The first quarter of fiscal 2021 marked a turning point for Neptune. We have quadrupled first quarter sales to over $ 21.3 million and generated improvements in gross profit, reflecting increased volumes and efficiency gains. We attribute these milestones to the hard work of our team and their dedication to our mission to redefine health and wellness. They have remained nimble and responsive to changing market conditions amid the COVID-19 pandemic as we accelerate new product initiatives and execute against the strategy of a fully integrated health and wellness business.
“We develop our brands and innovations, we get closer to the consumer and provide exceptional service to our B2B customers. We are now moving forward with a focus on consumer goods, a direct-to-consumer business model, and a goal of improving our own intellectual property. “
The TSX30 and the From Canada The Top Growth Company programs were launched in 2019. The TSX30 program includes companies from a wide range of industries and serves to highlight the power and diversity of investment opportunities in From Canada world class market. Report on BusinessTop Growing Companies Award aims to celebrate entrepreneurial success by identifying and amplifying the success of independent, growth-oriented businesses Canada.
The complete list of 2020 winners for the TSX30 and From Canada Top Growing Companies is published on TK and online at tsx.com/tsx30 and tgam.ca/TopGrowing, respectively.
To learn more about Neptune Wellness Solutions, Inc., visit https://neptunecorp.com/.
About Neptune Wellness Solutions, Inc .:
Neptune Wellness Solutions is a diverse and fully integrated health and wellness company. With a mission to redefine health and wellness, Neptune is focused on creating a broad portfolio of high quality and affordable consumer products in response to secular long term trends and market demand for brands. plant-based, sustainable and goal-oriented lifestyle. The company uses a highly flexible and cost-effective supply chain and manufacturing infrastructure that can be scaled up and down or in adjacent product categories to identify opportunities for innovation, quickly adapt to consumer preferences and demand. and bring new products to the market through its large distribution. e-commerce partners and channels. Drawing on decades of expertise in product extraction and formulation, Neptune is a leading provider of turnkey product development and supply chain solutions for business customers across multiple verticals from health and wellness, including legal cannabis and hemp, nutraceuticals, and white label consumer products. The company holds a strong position in the research, development and commercialization of cannabis and hemp focused on the use of cannabinoids in household products to make them safer, healthier and more effective. Neptune’s head office is located at Laval, Quebec, with a 50,000 square foot production facility located Sherbrooke, Quebec, and a 24,000 square foot facility located in North Carolina. For more information, please visit: https://neptunecorp.com/.
Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements” within the meaning of United States securities laws and Canadian securities laws. These forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause Neptune’s actual results to differ materially from historical results or from any future results expressed or implied by these forward-looking statements. In addition to statements which explicitly describe these risks and uncertainties, readers are cautioned to consider statements labeled with the terms “believes”, “belief”, “expects”, “intends”, “plans”, “anticipates”, “will”, “should” or “anticipates” 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 section “Caution regarding forward-looking information” contained in Neptune’s latest annual information form (the “Annual Information Form”), which makes also 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 in the investors section of the Neptune website at www.neptunecorp.com. All forward-looking statements contained in this press release are made as of the date of this press release. Neptune does not undertake to update these 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 generally subject to other risks and uncertainties which are described from time to time in Neptune’s filings of government securities with the Securities and Exchange Commission and Canadian securities commissions. Additional information on these assumptions and risks and uncertainties can be found in the Annual Information Form under “Risk Factors”. Neither the NASDAQ nor the Toronto Stock Exchange accepts responsibility for the adequacy or accuracy of this release.
SOURCE Neptune Wellness Solutions Inc.
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