Skip to main content

Neptune Wellness Solutions Inc(NEPT-Q)

Today's Change
Delayed Last Update

Neptune Wellness Announces Agreement on Price of Option to Acquire Remaining Ownership Interest of Organic Baby Food Brand, Sprout Organics

PR Newswire - Thu May 4, 2023

LAVAL, QC, May 2, 2023 /PRNewswire/ - 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 it has entered into an agreement that fixes the purchase price for the exercise of the option to acquire the remaining 49.9% minority share of organic baby food brand, Sprout Organics ("Sprout") pursuant to a call option agreement entered into with the minority stockholders of Sprout. The agreement is subject to the exercise of the option and Board approval, as well as the successful arrangement of funding sources to complete the purchase, which Neptune is working to obtain.


Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

More from The Globe