News
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PRESS RELEASE
Neptune Puts Employees, Including Certain Key Executives, on Mandatory Unpaid Leave of Absence Beginning February 23, 2024
Neptune Wellness Solutions Inc. announced mandatory unpaid leave for employees in a cost-cutting effort, challenging employment agreements. Succession plan in place for Interim CEO. Company evaluates options amidst financial concerns -
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PRESS RELEASE
Neptune Retains Stifel to Explore Strategic Alternatives for Sprout Organics
Neptune Wellness Solutions Inc. has appointed Stifel Nicolaus Canada Inc. as the exclusive financial advisor for its organic baby food and toddler brand, Sprout Foods Inc. This strategic move aims to evaluate alternative divestiture options for Sprout Organics, with a focus on unlocking and maximizing shareholder value. The appointment positions Neptune for enhanced market presence and increased competitiveness, demonstrating the company's commitment to transparent communication with stakeholders. For more details about Neptune Wellness Solutions Inc., please visit their website. -
PRESS RELEASE
Neptune Wellness Announces Receipt of Nasdaq Delisting Notice and Intention to Appeal
Neptune Wellness Solutions Inc. received Nasdaq delisting notice due to noncompliance with Minimum Bid and Stockholders' Equity Requirements. The Company intends to appeal the determination made by Nasdaq within seven calendar days
