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Neptune Wellness Solutions Inc (NASDAQ:NEPT) Expects To Post Revenues Of $22 Million In Q1 2021: Introduces Non-Contact Infrared Thermometer – Neptune Air

Neptune Wellness Solutions Inc (NASDAQ:NEPT) expect to report revenues of $29.6 million (up 21%) in 2020. The company expects to report revenues of $22 million (up 440%) in Q1 2021. It is on the backdrop of rapidly expanding its wellness and health solutions and adapting to the changing market conditions.

Introduces Neptune Air

Neptune recently introduced Neptune Air, a non-contact infrared thermometer, and hand sanitizers. The company also leverages its economical and highly flexible supply chain and takes advantage of third-party manufacturers and in-house production to scale up production to meet the market demand. New capacity expansions are helping the company to improve its revenues.

Neptune Air helps to measure the temperature of a person and reduces the risk of contamination and disease spreading. The company will provide different versions of Neptune Air for government customers, businesses, and consumers. Benefits of Neptune Air include easy to use, displays temperature readings quickly, and facilitates repeat measurements.

CEO of Neptune, Michael Cammarata, said Neptune Air showcases its ability to respond quickly to the needs of consumers. Neptune Air strengthens the leadership of Neptune in the health and wellness segment. It opens the door to the wellness and health market and grows its leadership and capabilities to meet the growing needs. The company is excited to introduce Neptune Air and address supply constraints. Michael said the company expects to report strong results in Q1 2021 because of growing demand in all distribution channels.

Key growth drivers and corporate update

Neptune has introduced Ocean Remedies and Forest Remedies. D2C consumer operations have also supported new brand development. The company has developed hand sanitizer products and bagged retail orders to support growth.

Neptune entered a pact with Dr. Jane Goodall, a renowned wildlife conservationist, to develop natural health and wellness products and introduce it under the brand ‘Forest Remedies.’ Its phase II expansion of the Sherbrooke facility is operational and added a new extraction business.

Neptune has strengthened its sales, operations, and management teams by recruiting professionals, who worked at companies like Hanes, Colgate Palmolive, SmartyPants Vitamins, Unilever, and MediPharm. The new initiatives helped the company to win new customers and enhance production levels.

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Marijuana

Health Canada Authorizes Neptune Wellness Solutions Inc (NASDAQ:NEPT) To Commercialize Plant Based Natural Hand Sanitizers: Works With FDA To Market Hand Sanitizers In The US

Health Canada has authorized Neptune Wellness Solutions Inc (NASDAQ:NEPT) to market the plant-based natural hand sanitizers. It is also working with the federal research and development organization in Canada – NRC for supporting the efforts of NRC to develop, produce and market solutions to contain coronavirus.

Plant-based sanitizer kills 99.9% of bacteria and germs

Neptune will make use of expertise in the formulation to develop and produce plant-based sanitizers that effectively eliminate 99.9% of bacteria and germs. Its ingredients include fruit extracts and essential oils. Neptune will take the help of contract manufacturers and utilize the processing and production facilities based in Conover, North Carolina, and Sherbrooke, Quebec for formulation and production.

Health Canada issues NPN to Neptune

Health Canada has granted NPN (Natural Product Number) and product license to Neptune after assessing the plant-based hand sanitizer products and ensuring that it is effective and safe in killing the bacteria and germs. Neptune will fix the product label to provide confidence to the customers that its products are approved and reviewed by Health Canada.

Fast tracks FDA registration

Neptune is working with the US FDA to fast track registration and manufacture and market hand sanitizer products and formulations from its Conover, North Carolina facility to meet the demand for hand sanitizer products in North America.

Hand Sanitizer products supply in summer 2020

Neptune is sourcing raw materials for the expected launch of hand sanitizers in summer 2020. The company will market hand sanitizer formulations to the retailers, who intend to sell private level brands, and consumer packaged goods. It plans to offer its plant-based hand sanitizers to the customers in Canada and the US through private label brands. It will also ensure the supply of hand sanitizer products to the healthcare systems and governments in Canada and the US through indirect and direct channels.

CEO of Neptune, Michael Cammarata said the company is excited to obtain Health Canada approval to introduce plant-based hand sanitizers in the market. The company expects to meet the need of customers, who are searching for effective and safe natural hand sanitizers, amid coronavirus pandemic.

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Marijuana

Neptune Wellness Solutions Inc (NASDAQ:NEPT) And Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) Strike Multi-year Packaging And Formulation Deal

Neptune Wellness Solutions Inc (NASDAQ:NEPT) has announced towards mid-June that it secured a multi-year deal with Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) for extraction, development and packaging services.

The agreement between the two companies will allow Green Organic to be the exclusive firm that will extract, formulate and package organic products that are certified. It will also exclusively distribute the products within Canada. Neptune has significant knowledge that will play an important role in helping Green Organic to expand its production of a variety of consumer wellness products.

Green Organic will send more over 230,000 kilograms of hemp biomass and cannabis to Neptune for processing and transformation as part of their multi-year agreement. Neptune will then transform the raw products into premium organic wellness products. The deal between the two companies also represents the biggest deal that any cannabis industry processor has ever received.

“With this agreement, Neptune becomes a key partner for TGOD; we have been impressed with their commitment to innovation and excellence in every aspect of their business,” stated TGOD CEO, Brian Athaide.

Neptune Wellness and Green Organic will collaborate to achieve organic certification. Neptune will also provide a significant amount of space that Green Organic will use for its proprietary technologies.

Jim Hamilton is no longer Neptune Wellness’ CEO

Neptune Wellness kicked off this week with the announcement that Jim Hamilton has resigned from his post as the company’s CEO. He has been the company’s CEO for more than four years but despite his exit, he will still be one of the company’s advisors, thus remaining as a part of the firm.

Following Hamilton’s exit, Neptune Wellness appointed Michael Cammarata to take over the CEO position and the changes are effective immediately. Cammarata knows a thing or two about running a business considering that he founded a wellness brand called Schmidt’s Naturals. The latter was acquired by Unilever.

Cammarata also has a strong business background aside from being the founder of Schmidt’s Naturals. Neptune Wellness believes that those skills will be ideal towards elevating its operations to the next level.

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