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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.


GREY:NEPTF - Post by User

Neptune Wellness Solutions Inc > Transition
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Comment by goldstoryon Jul 21, 2021 10:41am
112 Views
Post# 33581074

RE:RE:RE:RE:RE:Transition

RE:RE:RE:RE:RE:Transition Sean,

I hoped that the transition from B2B to B2C was slower or implementation of two tracks.  
From day one when they announced PPE business, I said that they should have an exit strategy since it was not Neptune's core business.  PPE business failed miserably.

We can't help what is done and the business direction might be right, but the damage on the balance sheet is really terrible.  If it goes without drastic cost cut down, this is heading to bankrupcy.  In addition, I am concerned MC's deceptive talk and business practice.  They have announced bunch of sugacoated PRs right before the terrible Q result for several times.  They announced expected $10-12M in this Q to sugacoat really bad last Q result, but when an  investor asked about the operational cost, they said they didn't give the future guidlines.  What a sneaky person he is!

I see that JM and MC are holding shares as you said. However, I think that significant institutional investors already left or will leave soon.


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