Neptune Technologies (NEPT) to acquire the assets of Hemp processor SugarLeaf Labs

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Neptune Signs definitive agreement to acquire the assets of Hemp processor SugarLeaf Labs

May 9, 2019 8:01 AM EDT

Establishes U.S. footprint with processing capacity of 1,500,000kg

LAVAL, QC, May 9, 2019 /PRNewswire/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX: NEPT) today announced the signing of a definitive agreement to acquire substantially all of the assets of SugarLeaf Labs, LLC and Forest Remedies LLC (collectively, "SugarLeaf"), a registered North Carolina-based commercial hemp company providing extraction services and formulated products. Through SugarLeaf, Neptune establishes a U.S.-based hemp extract supply chain, gaining a 24,000 square foot facility located in the important U.S. Southeast region. SugarLeaf's... More