LAVAL, Quebec – Neptune Wellness Options Inc. (“Neptune” or the “Firm”) (NASDAQ: NEPT) (TSX: NEPT), a diversified and totally built-in well being and wellness firm targeted on pure, plant-based, sustainable and purpose-driven life-style manufacturers, is happy to introduce its proprietary Temper Ring cannabis model for the Canadian market. The Temper Ring model and product line will formally launch in choose Canadian markets this fall to satisfy shopper demand for high-quality, reasonably priced and environmentally pleasant cannabis merchandise.
Temper Ring leverages Neptune’s a long time of expertise within the wellness, extraction and shopper packaged items (CPG) industries to carry product choices to market which might be designed to satisfy the particular calls for of Canadian shoppers. Temper Ring CBD merchandise primarily goal wellness-focused shoppers on the lookout for pure merchandise, whereas Temper Ring THC concentrates concentrate on the leisure market.
Temper Ring will use Neptune’s proprietary chilly ethanol extraction course of expertise to create full spectrum extracts for the Firm’s tincture and capsule merchandise and newly applied solventless extraction for THC concentrates. These processes enable Temper Ring to supply shoppers with all the cannabinoid and terpene advantages of the plant with a considerably decrease environmental affect, requiring considerably much less power use when in comparison with CO2 extraction.
“Temper Ring is instantly aligned with our technique to maneuver nearer to the buyer and drive our progress with distinctive, high-quality and reasonably priced well being and wellness branded merchandise,” stated Michael Cammarata, Chief Government Officer of Neptune Wellness Options. “Our preliminary launch of Temper Ring will concentrate on CBD and THC merchandise that we are able to instantly scale as much as assist the volumes required to satisfy demand, with future merchandise in improvement. We intend to cost our merchandise to be aggressive with the illicit market, which can present authorized choices for legacy shoppers that meet their wants and expectations, whereas attracting new shoppers in a pleasant and approachable method.”
In June, Neptune obtained authorization by Well being Canada to promote cannabis merchandise to provinces and territories. This gross sales license contains edibles, extracts, and topical merchandise. Well being Canada’s authorization provides to Neptune’s beforehand held processing license and permits the Firm to develop its cannabis operations to incorporate Temper Ring and future proprietary branded merchandise.
About Neptune Wellness Options Inc.
Neptune Wellness Options is a diversified and totally built-in well being and wellness firm. With a mission to redefine well being and wellness, Neptune is concentrated on constructing a broad portfolio of top quality, reasonably priced shopper merchandise in response to long-term secular tendencies and market demand for pure, plant-based, sustainable and purpose-driven life-style manufacturers. The Firm makes use of a extremely versatile, cost-efficient manufacturing and provide chain infrastructure that may be scaled up and down or into adjoining product classes to establish new innovation alternatives, rapidly adapt to shopper preferences and demand, and convey new merchandise to market by its mass retail companions and e-commerce channels. Leveraging a long time of experience in extraction and product formulation, Neptune is a number one supplier of turnkey product improvement and provide chain options to enterprise prospects throughout a number of well being and wellness verticals, together with authorized cannabis and hemp, nutraceuticals and white label shopper packaged items. The Firm has a robust place in cannabis and hemp with analysis, improvement and commercialization targeted on using cannabinoids in family merchandise to make them safer, more healthy and more practical. Neptune’s company headquarters is situated in Laval, Quebec, with a 50,000-square-foot manufacturing facility situated in Sherbrooke, Quebec and a 24,000 square-foot facility situated in North Carolina. For added data, please go to: https://neptunecorp.com/