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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... see more

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Neptune Wellness Solutions Inc > Neptune Wellness Announces US$8 Million Financing, Releases

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Post by AwareInvestor on Mar 10, 2022 9:31am

Neptune Wellness Announces US$8 Million Financing, Releases

How do you know the market isn’t going to like a financing? When a company feels the need to subsequently release a letter to shareholders right after announcing it.

Neptune Wellness this morning announced that it will be raising gross proceeds of US$8.0 million via a registered direct offering. The financing is being conducted with a single investor whom is said to be strategic in nature and consumer-focused.

https://thedeepdive.ca/neptune-wellness-announces-us8-million-financing-releases-letter-to-shareholders-to-justify-move/

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