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Neptune Wellness Solutions Inc(NEPT-T)

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Neptune Wellness Granted U.S. Patent for its Unique Organic Solvent Cannabis Extraction Process

PR Newswire - Wed Oct 20, 2021

LAVAL, QC, Oct. 20, 2021 /PRNewswire/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced that the United States Patent and Trademark Office ("USPTO") has granted Neptune U.S. Patent No. 11,110,372, covering a method of extracting and isolating compounds from the plants of the Cannabis genus at low temperature using cold organic solvents. Leveraging this patent, the Company plans to pursue licensing opportunities for its unique extraction process with manufacturers.   

Michael Cammarata, President and Chief Executive Officer of Neptune Wellness, said, "Building out a comprehensive IP portfolio is an important strategy to unlock durable growth drivers for Neptune. Our differentiated extraction process was developed through years of science-backed research and represents the continued progress of our IP strategy."