Neptune Wellness Solutions Inc. Announces Board of Directors Update
Neptune Wellness Solutions Inc. (NASDAQ: NEPT) announced the resignation of Richard Schottenfeld from its board of directors, effective May 17, 2021, due to personal considerations. John Moretz, the Chairman, expressed gratitude for Schottenfeld's contributions during his tenure. Neptune Wellness is a diversified health and wellness company focusing on sustainable, plant-based products across various sectors, including Cannabis and Nutraceuticals. The company aims to align with best practices in consumer packaged goods and is committed to providing innovative, environmentally friendly solutions.
- Continued focus on sustainable and plant-based lifestyle brands may enhance market position.
- Commitment to best practices in consumer packaged goods could improve operational efficiency.
- Leadership change may raise concerns about continuity and experience on the board.
LAVAL, QC, May 17, 2021 /PRNewswire/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced that Richard Schottenfeld has resigned as a director of the Company for personal considerations, effective May 17, 2021.
John Moretz, Chairman of the Neptune Board, commented, "Rick has been an invaluable resource to the Company during his tenure. On behalf of the entire Board, I would like to thank Rick for his contributions and service and wish him continued success in the future."
The Company is committed to aligning itself with the best practices of consumer packaged goods companies across multiple industries including Cannabis, Nutraceuticals, Beauty and Personal Care, and Organic Food and Beverages.
About Neptune Wellness Solutions Inc.
Neptune Wellness Solutions is a unique global health and wellness company that is changing consumer habits through the creation and distribution of environmentally friendly, ethical and innovative consumer product goods. Neptune's simultaneous focus on B2C and B2B customer-oriented brand development provides the Company with international reach and scale from its owned and operated facilities that extract and create product formulation, all the way to the sales floor at top global retailers.
Underpinned by a disruptive spirit, Neptune's diversified, and fully integrated business model focuses on natural, plant-based, sustainable and purpose-driven lifestyle brands and the use of cannabinoids in household products to make them safer, healthier and more effective. Its portfolio includes emerging brands such as Sprout Food, Forest Remedies™, Ocean Remedies™, Neptune Wellness™, Mood Ring™, and OCEANO3™, which are poised for rapid growth and expansion.
Backed with a cost-efficient manufacturing and supply chain infrastructure that can be scaled up and down or into adjacent product categories to identify new innovation opportunities, Neptune quickly adapts to consumer preferences and demand, and is bringing its products as well as other Fortune 100 brands to market through strategic distribution partnerships, mass retail partners and e-commerce channels. Neptune is committed to its core mission of redefining health and wellness and helping humanity thrive by providing sustainable consumer focused solutions. For additional information, please visit: www.neptunecorp.com
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.
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