Neptune Wellness Solutions Inc NEPTF

Healthcare Psychedelics

Neptune Wellness Solutions Inc. is a consumer-packaged goods company that is primarily focused on health and wellness products. The Company focuses on developing a portfolio of consumer products that align with the market trends for natural, sustainable, plant-based, and purpose-driven lifestyle brands. Its products are available in more than 29,000 retail locations and include organic food and beverage brands, such as Sprout Organics, Nosh, and Nurturme, as well as nutraceuticals brands like Biodroga and Forest Remedies. Its main brand units are nutraceuticals and organic foods and beverages. The Company sells its nutraceutical products mainly in bulk soft gels or liquids to multiple distributors and customers, who commercialize these products under their private label. The Company, through its Sprout subsidiary, sells its organic foods and beverages products to mass retailers, grocery stores and other retail outlets, as well as online through e-commerce sites and its own Website.

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Neptune Wellness Solutions Inc > Neptune Announces US$35 Million Private Placement

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Comment by goldstoryon Oct 20, 2020 10:46pm

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Post# 31753046

RE:Neptune Announces US$35 Million Private Placement

I am confused. Didn't Mike say that he heard the shareholder loud and clear not to dilute?
Did he lie to the shareholder?
On the contrary, the deal was done at $2.16, which may be looked like not a bad deal in the current market condition.
However, was this the reason that the SP kept skidding since July due to this negotiation?

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