Neptune Wellness Solutions Inc - NEPT STOCK NEWS

Welcome to our dedicated page for Neptune Wellness Solutions news (Ticker: NEPT), a resource for investors and traders seeking the latest updates and insights on Neptune Wellness Solutions stock.

Founded in 1998 and headquartered in Laval, Quebec, Neptune Wellness Solutions Inc. (NASDAQ: NEPT) is a consumer-packaged goods company focused on providing plant-based, sustainable, and purpose-driven lifestyle brands. With a United States headquarters in Jupiter, Florida, Neptune’s mission is to leverage its scientific and innovative expertise to create and provide optimal health and wellness solutions globally.

The company operates in five key areas:

Cannabis Business: Neptune develops unique extracts and formulations in the legal cannabis wellness field.
Ingredients: Utilizing a global network of suppliers, Neptune sources a variety of marine oils, seed oils, and specialty ingredients.
Turnkey Solutions: Neptune creates product concepts in collaboration with customers, offering turnkey finished supplements ready for sale under their brands in various forms like softgels, capsules, liquids, and powders.

Neptune has a robust portfolio of high-quality, affordable consumer products that are available in over 29,000 retail locations. The company's brands include well-known organic food and beverage brands such as Sprout Organics, Nosh, and Nurturme, and nutraceutical brands like Biodroga and Forest Remedies.

Recent achievements include the full prepayment of senior secured notes worth approximately $2.3 million, converting Sprout debt into equity to increase ownership to 89.5%, and entering a non-binding LOI to acquire Datasys Group, a leading data-marketing company. Moreover, the company is actively involved in restructuring efforts to address financial concerns and improve strategic positioning.

Neptune's efficient and adaptable manufacturing and supply chain infrastructure enables rapid response to consumer demand and the introduction of new products via retail partners and e-commerce channels.

Despite facing financial challenges and considering strategic alternatives, Neptune continues its commitment to innovation in the health and wellness industry, providing value-driven solutions to its global customer base. For more details, please visit neptunewellness.com.

03/08/2024 08:30 AM

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Neptune Appoints Interim President and CEO and Interim COO

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Neptune Wellness Solutions Inc. announces Michael De Geus as Interim President and CEO, with Cedrick Billequey as Interim COO. De Geus brings extensive security and entrepreneurship experience, while Billequey has a strong background in B2B business development and finance.

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03/06/2024 08:30 AM

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Neptune Announces Decision of Nasdaq Hearings Panel To Delist Common Shares

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Neptune Wellness Solutions Inc. announces an update on its appeal against delisting by Nasdaq due to bid price and stockholders' equity non-compliance. The Nasdaq Panel upheld the delisting determination, and trading on Nasdaq will be suspended. The Company plans to have its shares quoted on the OTCQB Venture Market.

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03/04/2024 08:31 AM

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Neptune Announces Michael Cammarata's Resignation Effective February 23, 2024

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Neptune Wellness Solutions Inc. announces the resignation of Michael Cammarata as President and CEO, effective February 23, 2024.

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02/26/2024 09:00 AM

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Neptune Puts Employees, Including Certain Key Executives, on Mandatory Unpaid Leave of Absence Beginning February 23, 2024

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Neptune Wellness Solutions Inc. announced a mandatory unpaid leave of certain employees, including the President and CEO, as part of a cost-cutting and restructuring effort due to financial concerns. The company is working on a succession plan for an Interim CEO and evaluating strategic alternatives.

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02/16/2024 05:35 PM

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Neptune Reports Fiscal Third Quarter 2024 Financial Results

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Neptune Wellness Solutions Inc. reported financial and operating results for Q3 2024, with a net revenue of $7.6 million, down from the previous year. The company announced various business highlights, including appointing Stifel as financial advisor, securing financing for its nutraceuticals brand, and exploring a partnership with Datasys Group. Despite a decrease in revenue and gross profit, the company faced increased SG&A expenses, leading to a net loss of $19.2 million and an Adjusted EBITDA loss of $18.5 million.

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01/24/2024 09:00 AM

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Neptune Retains Stifel to Explore Strategic Alternatives for Sprout Organics

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Neptune Wellness Solutions Inc. announced the appointment of Stifel Nicolaus Canada Inc. as the exclusive financial advisor to its organic baby food and toddler brand, Sprout Foods Inc. The collaboration aims to evaluate strategic options to unlock and maximize shareholder value, after initial plans for a spinoff of Sprout Organics were reconsidered due to changing circumstances. Stifel brings experience in facilitating high-profile mergers, acquisitions, and structured deals, positioning Neptune for enhanced market presence and increased competitiveness.

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12/04/2023 08:10 PM

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Neptune Wellness Announces Receipt of Nasdaq Delisting Notice and Intention to Appeal

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Neptune Wellness Solutions Inc. (NASDAQ:NEPT) received notification from Nasdaq of potential delisting due to noncompliance with the Minimum Bid Requirement and the Stockholders' Equity Requirement. The company intends to appeal the determination and has undertaken strategic initiatives to strengthen its market position.

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11/29/2023 08:30 AM

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Neptune Wellness Nutraceutical Brand, Biodroga, Announces Accounts Receivable Factoring Facility of Up to $8 Million

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Neptune Wellness Solutions Inc. (NEPT) announced that its subsidiary, Biodroga Nutraceuticals Inc., has entered into an accounts receivable factoring facility and inventory finance rider with Alterna Capital Solutions, LLC. The Facility provides up to $3 million, with an option to increase to $8 million, at a Funds Usage Fee of prime plus 1% and a minimum interest rate of 9.5% per annum. Neptune provided a commercial guaranty, and the agreement will be in effect for 12 months, effective November 8, 2023.

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11/20/2023 08:00 AM

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Neptune Wellness Announces Letter of Intent to Acquire Leading Data-Marketing and Artificial Intelligence Company, Datasys, for Total Potential Consideration of $112 Million

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Neptune Wellness Solutions Inc. (NASDAQ: NEPT) announced a non-binding Letter of Intent to acquire Datasys Group, Inc. The proposed transaction involves a potential consideration of $112 million, including cash, restricted equity, a PIK seller note, and an earnout payment. Datasys generated revenues of $25.2 million and EBITDA of $9.1 million in 2022. Datasys is a leading data-marketing company utilizing artificial intelligence and machine learning to provide intelligent marketing solutions for global corporations. The LOI sets out the initial proposed terms for the business combination, subject to shareholder approval and additional terms and conditions.

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11/14/2023 05:59 PM

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Neptune Reports Fiscal Second Quarter 2024 Financial Results

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Neptune Wellness Solutions Inc. (NASDAQ: NEPT) announces Q2 2024 financial and operating results, including a decrease in net revenue and gross profit, reduced SG&A expenses, and a reported net loss. The company also highlights business achievements, such as a spinout plan for a majority of its equity interest in Sprout and repayment of Senior Secured Notes. A conference call to discuss the results will be held on November 15, 2023.

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FAQ

What does Neptune Wellness Solutions Inc. specialize in?

Neptune specializes in providing plant-based, sustainable, and purpose-driven lifestyle products, including cannabis wellness, ingredients, and turnkey solutions.

Where is Neptune Wellness Solutions Inc. headquartered?

Neptune is headquartered in Laval, Quebec, with a United States headquarters in Jupiter, Florida.

What are some of Neptune Wellness Solutions’ well-known brands?

Neptune's brands include Sprout Organics, Nosh, Nurturme, Biodroga, and Forest Remedies.

How many retail locations carry Neptune’s products?

Neptune’s products are available in more than 29,000 retail locations.

What recent financial actions has Neptune undertaken?

Neptune recently prepaid senior secured notes worth $2.3 million and converted Sprout debt into equity, increasing ownership to 89.5%.

What is Neptune’s involvement in the cannabis industry?

Neptune develops unique extracts and formulations within the legal cannabis wellness field.

What strategic business move is Neptune considering with Datasys Group?

Neptune has entered a non-binding LOI to potentially acquire Datasys Group, a leading data-marketing company.

How does Neptune develop its product concepts?

Neptune collaborates with customers to create turnkey finished supplements ready for sale under their brands in forms such as softgels, capsules, liquids, and powders.

What are Neptune’s main areas of operation?

Neptune operates in cannabis wellness, ingredients sourcing, and turnkey solutions.

What are the current financial challenges faced by Neptune?

Neptune is addressing financial challenges and considering strategic alternatives to generate cash, maintain NASDAQ listing, and execute its business strategy.