Neptune Wellness Solutions Inc NEPTF

Consumer Defensive Household & Personal Products

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 > It puzzles me.

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Comment by TechOneon Feb 17, 2021 1:55am

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RE:RE:RE:It puzzles me.

About the Hand Sanitizer Question.. Here is MC's answer to that.. And honestly, you need to read the transcript of the CC.. A lot of detail buried in theree..

Yes, I'll take that. It's Michael Cammarata. So the purchase orders are not related to hand sanitizers the $100-plus million purchase order. So that's coming up with a different product line. Regarding hand sanitizer, specifically, we did have to shift out some of our international inventory to domestically made -- US made all products for some of our retailers, and we did see that there is a switch in demand on the consumer side. So they're normalizing their levels at retailer.
So the unique thing that we were able to do was actually be able to develop a US made high quality product that actually doesn't leave that sticky feeling or anything along those lines. So our product is superior and been getting great reviews. And we've had a lot of success with sustaining retail distribution in the hand sanitizer market and having opportunities to pick up additional distribution points. So our hand sanitizers have evolved to our latest formulation.

We are also introducing Dr. Jane Goodall's natural plant-based hand sanitizers. That will be rolling out to retail. So we feel that we have a competitive edge both on the product formulation with Dr. Jane Goodall's plant-based natural product that's entering the market for hand sanitizers.
And then our Neptune brand hand sanitizers, which we've moved to a US made and manufactured. And we've also lowered the cost of the manufacturing to be very highly competitive in the hand sanitizer market and to be able to retain margin.