The market for cannabis-infused products is booming, with legalization in Canada and many U.S. states leading to new consumer trends like edibles and vape pens. This latest offering from Neptune Farms ensures that even the most discerning of consumers can enjoy this plant’s therapeutic effects without having to worry about the side effects of smoking or eating an herb traditionally reserved for its psychoactive properties.,
Alberta joins British Columbia, Ontario, and Quebec as the fourth jurisdiction where Neptune sells its branded cannabis.
/PRNewswire/ – LAVAL, QC, Aug. 2, 2021 – Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness business focusing on plant-based and sustainable lifestyle products, announced today the introduction of its Mood Ring branded cannabis flower in Alberta.
“I am happy to report that we have officially released our Mood Ring Florida Citrus Kush flower in the province of Alberta,” stated Michael Cammarata, Neptune’s Chief Executive Officer and President. “This is another step in our cannabis company’ transition from a low-growth, low-margin extraction operation to a high-growth, higher-margin branded CPG operation.”
Along with British Columbia, Ontario, and Quebec, Alberta is now the fourth jurisdiction where Neptune Wellness offers its cannabis products under the Mood Ring and PanHash brands. These four provinces account for more than 80% of all cannabis retail sales in Canada, giving Neptune Wellness access to almost 2,000 retail cannabis shops throughout the country.
Through our collaboration with One Tree Planted, a percentage of the profits from each purchase of our Mood Ring flower items is given to the planting of a tree. Throughout the next year, the Company plans to introduce new Mood Ring and PanHash branded goods throughout its licensed Canadian presence. Visit https://moodring.com or https://panhash.com for additional details.
Neptune Wellness is a company that provides health and wellness services.
Neptune is a diverse health and wellness business based in Laval, Quebec, with a goal to redefine health and wellbeing. In response to long-term secular trends and market demand for natural, plant-based, sustainable, and purpose-driven lifestyle brands, Neptune is focused on developing a portfolio of high-quality, affordable consumer goods. Through its mass retail partners and e-commerce channels, the Company employs a highly flexible, cost-effective production and supply chain infrastructure that can be expanded to rapidly react to customer demand and bring new goods to market. Please visit https://neptunewellness.com/ for more details.
Statements that are made in the future
The comments in this news release that are not statements of historical or existing fact are considered “forward-looking statements” under US and Canadian securities laws. These forward-looking statements are subject to known and unknown risks, uncertainties, and other unknown factors that may cause Neptune’s actual results to vary significantly from historical performance or future results indicated or inferred by such forward-looking statements. Readers are advised to consider statements labeled with the words “believes,” “belief,” “expects,” “intends,” “projects,” “anticipates,” “will,” “should,” or “plans” to be uncertain and forward-looking, in addition to statements that clearly identify such risks and uncertainties. Readers should not put excessive faith on any forward-looking statements, which speak only as of the date of this news release. This cautionary statement, as well as the “Cautionary Note Regarding Forward-Looking Information” section in Neptune’s most recent Annual Information Form (the “AIF”), which also forms part of Neptune’s most recent annual report on Form 40-F and is available on SEDAR at www.sedar.com, on EDGA at www.edgar.com, and on EDGA at www.edgar.com, expressly qualify the forward-looking statements contained in This news release’s forward-looking statements are made as of the date of the press release. Except as required by law, Neptune does not intend to update any forward-looking statements, whether as a result of new information, future events, or otherwise. The forward-looking statements in this document include, without limitation, statements about the timing for filing annual financial statements, the fulfillment of purchase orders, the availability of products from Neptune’s supplier, the anticipated use of financing proceeds, and other risks and uncertainties described from time to time in Neptune public securities filings. The AIF contains further information regarding these assumptions, risks, and uncertainties under the heading “Risk Factors.”
Neither NASDAQ nor the Toronto Stock Exchange takes responsibility for this release’s adequacy or correctness.
Neptune Wellness Solutions Inc. is the source of this information.
