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Neptune Wellness Solutions Inc. - $NEPT STOCK NEWS

Welcome to our dedicated page for Neptune Wellness Solutions news (Ticker: $NEPT), a resource for investors and traders seeking the latest updates and insights on Neptune Wellness Solutions stock.

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Rhea-AI Summary
Neptune Wellness Solutions Inc. (NASDAQ: NEPT) announced the promotion of Lisa Gainsborg, currently Neptune's Financial Controller, to Interim Chief Financial Officer, effective immediately, replacing Raymond Silcock who has resigned for personal reasons. Ms. Gainsborg brings significant experience and knowledge of accounting and finance across public and private companies, with a background in financial statement preparation, SEC reporting, Sarbanes-Oxley compliance, and ERP systems. The company expressed confidence in a seamless transition during the upcoming quarterly financial results.
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Neptune Wellness Solutions Inc. has received a letter from Nasdaq stating that it does not meet the minimum stockholders' equity requirement for continued listing. The company has 45 days to submit a plan to regain compliance. The company intends to regain compliance and is currently working on a plan.
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Neptune Wellness Solutions Inc. announced its financial and operating results for fiscal 2023, reporting consolidated revenues of $52.6 million, a 7.8% increase from the previous year. Net sales for Q4 2022 reached $12.1 million, up 5% from last year. Sprout maintained a top 3 brand position on Amazon and had strong sales levels nationally. The company will host a conference call on July 18, 2023.
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Sprout Organics and CoComelon products are now available in select Target storefronts and Target.com. Four popular Sprout Organics x CoComelon co-branded organic toddler pouches are now sold at Target stores across the US and online at Target.com. Sprout aims to expand its reach and accessibility through this partnership with Target, bringing nutritional snacks to a larger audience of children.
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Neptune Wellness Solutions Inc.

Nasdaq:NEPT

NEPT Rankings

NEPT Stock Data

906.41k
2.72M
43.8%
6.1%
0.56%
Pharmaceutical Preparation Manufacturing
Manufacturing
Link
Canada
Laval

About NEPT

vision: provide great products and solutions that deliver optimal health and wellness. mission: leverage our scientific and innovative expertise to create and provide our customers globally with the best nutritional products and wellness solutions. neptune is active in five main areas: cannabis business: neptune is working to develop unique extracts and formulations in the legal cannabis wellness field. ingredients: leveraging our global network of suppliers, we source a variety of marine oils, seed oils and specialty ingredients. turnkey solutions: we develop product concepts in collaboration with our customers (branded marketers) as turnkey finished supplements that are ready for sale under their brand, primarily as softgels, capsules, liquids and powders. through our global network of suppliers, we source ingredients and formulate the ideal product. the ingredients are sent to third-party manufacturers, where the formula is developed in a liquid, powder or capsule form and then pack