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Neptune Wellness Solutions Inc(NEPT-Q)

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Neptune Wellness Announces an Accounts Receivable Factoring Facility of up to $5 Million for its Sprout Organics Baby Food Brand - Wed Jan 25, 2023

LAVAL, QC, Jan. 25, 2023 /CNW Telbec/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT), a consumer-packaged goods company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced that its organic baby food brand subsidiary, Sprout Organics, has entered into an accounts receivable factoring facility with Alterna Capital Solutions, LLC ("Alterna"). The maximum available is $5 million.


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