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.
Neptune Wellness Solutions Inc. (NASDAQ: NEPT) will release its fiscal first-quarter 2022 financial results before the market opens on August 12, 2021. Following the results, a conference call is scheduled at 10:00 a.m. ET on the same day for discussion, which will be accessible via their Investor Relations website. Neptune, headquartered in Laval, QC, aims to redefine health and wellness by offering high-quality, sustainable, and plant-based products, leveraging a flexible supply chain to meet consumer demand.
Neptune Wellness Solutions Inc. (NASDAQ: NEPT; TSX: NEPT) announced the launch of Sprout Organic Foods products in Canada at Metro grocery stores in Ontario. This launch includes four toddler snacks: Broccoli Curlz, White Cheddar Curlz, Blueberry Apple, and Pumpkin Butter & Jelly Wafflez. The company acquired a majority stake in Sprout in February 2021 to enhance its health and wellness brand portfolio. Sprout products are made from 100% organic, non-GMO ingredients. Neptune plans to leverage its licensing agreement with CoComelon later this year to boost sales.
Neptune Wellness Solutions Inc. (NASDAQ: NEPT) has announced its annual general meeting scheduled for August 26 at 10:30 am EDT. The record date for the meeting is June 29. During this virtual meeting, management will share the outcomes of shareholder votes on agenda items, which will be disclosed beforehand. Shareholders can access meeting materials through Neptune's public filings on SEDAR and participate via the company's investor relations website.
Neptune Wellness Solutions Inc. (NASDAQ: NEPT) announced the launch of Forest Remedies plant-based Multi Omega 3-6-9 gummies and soft gels, utilizing Ahiflower oil from the UK. This eco-friendly alternative to fish oil allows for sustainable omega sourcing, as one acre of Ahiflower produces the oil equivalent to 320,000 anchovies, significantly reducing marine life overfishing. The products are vegan, gluten-free, and non-GMO, featuring a recyclable and compostable packaging. The offerings include additional formulations with elderberry extract and various flavors, available for purchase online.
Neptune Wellness Solutions (NASDAQ: NEPT) reported first-quarter revenue expectations of $10 to $12 million, indicating a potential sequential growth of 47% to 76% from the previous quarter's revenue of $6.8 million. For fiscal year 2021, the company experienced a 58% revenue increase year-over-year, totaling $46.8 million. However, significant losses persisted, with a $168.6 million net loss for the year. Neptune continues focusing on expanding distribution, innovation, and strategic acquisitions to improve margins.
Neptune Wellness Solutions (NASDAQ: NEPT) will announce its fiscal fourth quarter and full-year 2021 financial results after market close on July 15, 2021. A conference call is scheduled for 5:00 p.m. ET on the same day to discuss these results. Neptune focuses on plant-based, sustainable health and wellness products and utilizes a flexible manufacturing infrastructure to meet consumer demand. Investors can access the live webcast through Neptune's Investor Relations website, where the archived version will be available for 90 days.
Neptune Wellness Solutions Inc. (NASDAQ: NEPT) reported on July 5, 2021, the status of its management cease trade order due to delayed annual financial filings. The company received a notice from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to the late filing of its Form 40-F for the fiscal year ending March 31, 2021. Neptune aims to submit a compliance plan by August 31, 2021, and expects to file its Annual Filings around July 15, 2021. The MCTO does not hinder non-insider shareholder trading but could lead to a broader cease trade order.
Neptune Wellness Solutions (NASDAQ: NEPT) has launched new corporate and investor relations websites, enhancing the digital experience based on feedback from customers and shareholders. The corporate website can be accessed at www.neptunewellness.com, and the investor relations site at www.investors.neptunewellness.com. The company encourages stakeholders to sign up for email alerts regarding press releases and financial updates. This move reflects Neptune's commitment to improving engagement with its investors and customers.
Neptune Wellness Solutions Inc. (NASDAQ: NEPT) announced a delay in filing its annual financial statements beyond the June 30, 2021 deadline. This delay is attributed to accounting complexities related to two new customer transactions. The company expects to file these statements by July 15, 2021. A management cease trade order has been applied for, with no guarantees of its approval, and a risk of a general cease trade order exists if required documents aren't submitted on time. The company will provide bi-weekly updates during this period.
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