Neptune Wellness Solutions Inc (TSE:NEPT) Granted Health Canada Licenses

Neptune Wellness Solutions Inc (TSE:NEPT) Granted Health Canada Licenses

Neptune Wellness Solutions Inc (NASDAQ:NEPT) (TSE:NEPT) (FRA:NTU) CEO Jim Hamilton discusses the company’s 2019 plans. Neptune received its Health Canada licenses in early January and is pushing ahead with commercialization. He notes that in developed cannabis markets, approximately 70 percent of products are extracts and this robust extraction market suits Neptune’s core competencies perfectly. Neptune continues to be a significant player in the health and wellness space and this makes it well-suited for the cannabis sector, which increasingly emphasizes the importance of wellness products. Hamilton discusses the size of the CBD market in the US and notes that Neptune’s lengthy experience in food production and extraction is a perfect fit for the emerging edibles market. Neptune has a multi-year supply agreement with Canopy Growth Corp (TSE:WEED) (NYSE:CGC) (FRA:11L1) for extraction and product development.

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