LAVAL, QC, Oct. four, 2019 /CNW Telbec/ – Neptune Wellness Options Inc. (“Neptune” or the “Company”) (NASDAQ: NEPT) (TSX: NEPT) is pleased to announce a new strategic partnership with American Media LLC (“American Media”) to support help the development of Neptune’s brands in the U.S., which includes Forest Treatments™, and OceanO3®.
American Media owns and operates major celebrity and wellness & fitness media brands such as Men’s Journal®, Us Weekly®, OK!, Life & Style and enthusiast brands which includes Powder, Surfer and Bike. Their portfolio of brands has a combined total circulation of five.7+ million and attain 53+ million readers each and every month. American Media’s wide attain in mobile and on line media is impressive with 65+ million exceptional guests and 762+ million web page views month-to-month.
Beneath the terms of the partnership agreement, American Media will give marketing and inventive solutions to Neptune to help the advertising and marketing and commercialization of Neptune’s customer-facing brands in the U.S. American Media will also have the chance to turn out to be a shareholder in Neptune. Neptune will situation to AMI three,00,00 warrants(1), each and every warrant permitting the holder to obtain one particular widespread share of Neptune at an physical exercise price tag of US$eight.00 per share and with a five-year expiration date. The warrants will vest proportionally to the solutions rendered by AMI. Upon physical exercise of the warrants AMI will be necessary to hold the shares acquired for a minimum of six months. Neptune expects to leverage most of the marketing solutions supplied by American Media in the subsequent twelve months.
“American Media’s pedigree and attain will accelerate the development of Neptune’s customer-facing merchandise into the U.S. retail landscape. We are excited to have American Media join the Neptune household,” said Michael Cammarata, CEO of Neptune. “In August, we designed Neptune Ventures, our venture capital arm, to foster strategic partnerships. Today’s announcement will support us attain our mission to redefine wellness and wellness by using hemp-derived components beyond just consumption. We see hemp-derived applications for beauty, individual care and residence care. This additional enhances our capacity to construct a diverse buyer base which incorporates hemp, nutraceutical and customer package goods businesses.”
“We are pretty excited to companion with Neptune as American Media’s vast portfolio of brands are uniquely positioned to additional influence the extraordinary development prospective, and momentum, of the Corporation. We appear forward to our continued collaboration, and accomplishment, in this higher development sector,” stated American Media Senior Vice President of Corporate Improvement, Dylan Howard.
Neptune at present sells hemp-derived CBD merchandise beneath the Forest Treatments™ brand, which incorporates balms, roll-ons and massage oils, and plans to broaden its portfolio of hemp-derived merchandise in the future.
(1)The issuance of warrants discussed in this press release is topic to the Toronto Stock Exchange approval.
About Neptune Wellness Options Inc.
Neptune Wellness Options specializes in the extraction, purification and formulation of wellness and wellness merchandise. Neptune’s wholly owned subsidiary, 9354-7537 Québec Inc., is licensed by Well being Canada to procedure cannabis at its 50,00-square-foot facility situated in Sherbooke, Quebec. With the current acquisition of SugarLeaf, the Corporation now has a U.S.-primarily based hemp extract provide chain supported by a 24,00 square-foot facility situated in North Carolina. Neptune and SugarLeaf combined bring decades of encounter in the all-natural merchandise sector to the legal cannabis and hemp sector. Leveraging its scientific and technological experience, The Corporation as a complete focuses on the improvement of worth-added and differentiated merchandise for the Canadian, U.S. and worldwide cannabis and hemp markets. Neptune’s activities also consist of the improvement and commercialization of turnkey nutrition options and patented components such as MaxSimil®, and a selection of marine and seed oils. Its head workplace is situated in Laval, Quebec.
Forward Hunting Statements
Statements in this press release that are not statements of historical or present reality constitute “forward-seeking statements” inside the which means of the U.S. securities laws and Canadian securities laws. Such forward-seeking statements involve recognized and unknown dangers, uncertainties, and other unknown elements that could result in the actual benefits of Neptune to be materially various from historical benefits or from any future benefits expressed or implied by such forward-seeking statements. In addition to statements which explicitly describe such dangers and uncertainties, readers are urged to think about statements labeled with the terms “believes”, “belief”, “expects”, “intends”, “projects”, “anticipates”, “will”, “should” or “plans,” or which refer to expectations, projections or other characterizations of future events or situations, to be uncertain and forward-seeking. Readers are cautioned not to spot undue reliance on these forward-seeking statements, which speak only as of the date of this press release.
The forward-seeking statements contained in this press release are expressly certified in their entirety by this cautionary statement and the “Cautionary Note Relating to Forward-Hunting Information” section contained in Neptune’s newest Annual Details Kind (the “AIF”), which also types portion of Neptune’s newest annual report on Kind 40-F, and which is offered on SEDAR at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml and on the investor section of Neptune’s internet site at www.neptunecorp.com. All forward-seeking statements in this press release are produced as of the date of this press release. Neptune does not undertake to update any such forward-seeking statements no matter if as a outcome of new info, future events or otherwise, except as necessary by law. The forward-seeking statements contained herein are also topic commonly to other dangers and uncertainties that are described from time to time in Neptune’s public securities filings with the Securities and Exchange Commission and the Canadian securities commissions. Extra info about these assumptions and dangers and uncertainties is contained in the AIF beneath “Risk Factors”.
Neither NASDAQ nor the Toronto Stock Exchange accepts duty for the adequacy or accuracy of this release.
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