Neptune Receives U.S. EPA Company Number for Registration of Surface Disinfectant Wipes
Neptune Wellness Solutions (NASDAQ: NEPT) announced that its subsidiary received an EPA Company Number for surface disinfectant wipes. This approval allows Neptune to develop and distribute new disinfectant products in the U.S., aiming to address supply shortages exacerbated by the COVID-19 pandemic. CEO Michael Cammarata emphasized the urgency to expedite production to restock shelves due to consumer demand. The company focuses on creating affordable, sustainable consumer products and leverages its manufacturing capabilities for innovation in health and wellness.
- Received EPA Company Number for surface disinfectant wipes, enabling product development and distribution.
- Addressing COVID-19 related supply shortages by expanding product offerings beyond hand sanitizers.
- None.
Neptune to rapidly bring effective and sustainable surface disinfectant wipes to market to support demand and restock store shelves
LAVAL, QC, Aug. 13, 2020 /PRNewswire/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness company focused on natural, plant-based, sustainable and purpose-driven lifestyle brands, is pleased to announce that its subsidiary, Neptune Health & Wellness Innovation, Inc., has received a Company Number from the U.S. Environmental Protection Agency (EPA) for surface disinfectant wipes.
With receipt of the EPA Company Number, Neptune now has the ability to develop new surface disinfectant products for EPA regulatory approval and to distribute existing surface disinfectant products in the U.S. leveraging its white label turnkey product development capabilities.
"This process is an essential step for Neptune to expand beyond hand sanitizing products and into surface disinfectants to support supply shortages driven by the COVID-19 pandemic," said Michael Cammarata, Chief Executive Officer of Neptune Wellness Solutions. "Consumers are seeing empty shelves and some surface wipes will not be restocked in stores until next year. We are mobilizing on the regulatory, product development and supply chain fronts to rapidly bring effective and sustainable surface disinfectant wipes to market to support demand and restock store shelves so consumers can have access to these critical products."
About Neptune Wellness Solutions Inc.
Neptune Wellness Solutions is a diversified and fully integrated health and wellness company. With a mission to redefine health and wellness, Neptune is focused on building a broad portfolio of high quality, affordable consumer products in response to long-term secular trends and market demand for natural, plant-based, sustainable and purpose-driven lifestyle brands. The Company utilizes a highly flexible, cost-efficient manufacturing and supply chain infrastructure that can be scaled up and down or into adjacent product categories to identify new innovation opportunities, quickly adapt to consumer preferences and demand, and bring new products to market through its mass retail partners and e-commerce channels. Leveraging decades of expertise in extraction and product formulation, Neptune is a leading provider of turnkey product development and supply chain solutions to business customers across several health and wellness verticals, including legal cannabis and hemp, nutraceuticals and white label consumer packaged goods. The Company has a strong position in cannabis and hemp with research, development and commercialization focused on the use of cannabinoids in household products to make them safer, healthier and more effective. Neptune's corporate headquarters is located in Laval, Quebec, with a 50,000-square-foot production facility located in Sherbrooke, Quebec and a 24,000 square-foot facility located in North Carolina. For additional information, please visit: https://neptunecorp.com/
Forward Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the U.S. securities laws and Canadian securities laws. Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of Neptune to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. These forward-looking statements include, without limitation, statements relating to Neptune's ability to successfully develop and market surface disinfectant products and the timing thereof. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "intends", "projects", "anticipates", "will", "should" or "plans" 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 "Cautionary Note Regarding Forward-Looking Information" section contained in Neptune's latest Annual Information Form (the "AIF"), which also forms 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.html and on the investor section of Neptune's website at www.neptunecorp.com. All forward-looking statements in this press release are made as of the date of this press release. Neptune does not undertake to update any such 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 subject generally to other risks and uncertainties that are described from time to time in Neptune public securities filings with the Securities and Exchange Commission and the Canadian securities commissions. Additional information about these assumptions and risks and uncertainties is contained in the AIF under "Risk Factors".
Neither NASDAQ nor the Toronto Stock Exchange accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Neptune Wellness Solutions Inc.
FAQ
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