Neptune Wellness Solutions Inc NEPTF

RE:RE:Chinese Market Monopoly

[Weeble]

It doesn't say that Canada is the only one.   It says it is one of the few.  I know that NZ can sell krill into China.  I am not sure why certain countries can or can't but my guess is that it may have something to do with the agreements in place with the fisheries and sustainability.

Anyway, I think this is a great deal.   A 30% share of such an operation into such a large market keeps it simple.  Neptune was never going to get huge with one small manufacturing plant in Quebec.   I think this is the way to do it.   It also is going to happen very quickly.  GLTA.

Under the agreement, Neptune will own a 30% interest in the joint venture while CMI/Sunline Fishery will hold 70%. Our Chinese partners have a strong presence in the biomarine industry in China, including a state-of-the-art krill harvesting vessel now under construction. The joint venture will greatly enhance Neptune's commercial presence in China. Furthemore, Neptune will contribute to this joint venture with its IP, science, regulatory expertise, branding, industry sales knowledge and international recognition. Shipments of krill oil under the joint venture are projected to start in Q1 ending June 30, 2017.

"Canada is one of the very few countries that are currently allowed to export krill oil into China. The purpose of this joint venture is to accelerate Neptune's growth in China, one of the fastest growing Omega-3 markets in the world. Furthermore, this partnership will help secure procurement of our raw materials, while also strengthening the future of Neptune's presence in the growing Aquaculture business," stated Jim Hamilton, President & CEO of Neptune.