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Neptune Wellness Solutions (NASDAQ:NEPT,TSX:NEPT) announced Wednesday (July 24) that it has completed the acquisition of the assets of SugarLeaf Labs. As quoted in the press release: “The acquisition of SugarLeaf, combined with Neptune allows us to create a leading North American extraction platform with significant capacity available to serve our customers on both sides of …
Neptune Wellness Solutions (NASDAQ:NEPT,TSX:NEPT) announced Wednesday (July 24) that it has completed the acquisition of the assets of SugarLeaf Labs.
As quoted in the press release:
“The acquisition of SugarLeaf, combined with Neptune allows us to create a leading North American extraction platform with significant capacity available to serve our customers on both sides of the border. Furthermore, considering the significant growth anticipated in hemp-based products, this acquisition provides Neptune with capabilities to satisfy a wide array of clients. Finally, we anticipate a significant contribution from this acquisition, as indicated by the large earnout structure providing adequate risk sharing,” said Michael Cammarata, Neptune President and CEO.
Click here to read the full press release.
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