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Neptune Wellness Solutions Inc(NEPT-Q)

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Neptune Wellness Nutraceutical Brand, Biodroga, Announces Accounts Receivable Factoring Facility of Up to $8 Million - Wed Nov 29, 2023

LAVAL, QC, Nov. 29, 2023 /CNW/ - 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 nutraceuticals brand subsidiary, Biodroga Nutraceuticals Inc. ("Biodroga"), has entered into an accounts receivable factoring facility and inventory finance rider (collectively, the "Facility") with Alterna Capital Solutions, LLC ("Alterna"). The amount available under the Facility at any given time is $3 million, which may be increased in $1 million increments up to a maximum of $8 million.


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