Neptune Technologies (NEPT) Reports Q3 Revenues of $6.4M

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Go back to Neptune Technologies (NEPT) Reports Q3 Revenues of $6.4M

Neptune Announces Third Quarter Results

February 13, 2019 4:05 PM EST

Cannabis Extraction Ramp Up Now Underway

Q3 Financial and Operational Highlights for the 3-month period ended December 31, 2018 compared to the 3-month period ended December 31, 20171 

Standard Cannabis Processing Licence received from Health Canada on January 4th, 2019. Cannabis inventories on site and initial production underway. Ethanol (solvent) processing capacity expansion toward 200,000 kg on track for completion by the end of March 2019, with startup expected early next fiscal year upon regulatory approval. Expansion of manufacturing capability to offer cannabis oil speciality capsules in partnership with Lonza announced on December 21, 2018 consistent... More