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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 > NASDAQ Delisting
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Post by scarface9on Mar 06, 2024 9:03am
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Post# 35917612

NASDAQ Delisting

NASDAQ Delisting
Neptune Wellness (NASDAQ:NEPT) plunged over 40% in premarket trading on Wednesday as it received Nasdaq's decision to uphold its delisting determination and denied the company's requests for additional time to rectify the deficiencies.
Earlier in November 2023, the consumer packaged goods company was notified by Nasdaq that it was not in compliance with the minimum bid price requirement, as the bid price for its shares closed below $1.00 for 30 consecutive trading days, among others.
The trading of the company's common shares on the Nasdaq would be suspended as of the opening of business on March 7.
The company is seeking to have its common shares quoted on the OTCQB Venture Market of the OTCMarkets.
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