Current Price - $1.8
Price Target - $4.54 ( NASDAQ Analyst Rating - https://www.nasdaq.com/market-activity/stocks/nept/analyst-research)
Based on analysts offering price targets for NEPT in the last 3 months. The average price target is $4.54 with a high estimate of $4.7334 and a low estimate of $4.33895 - (https://www.nasdaq.com/market-activity/stocks/nept/analyst-research)
Wall Street analysts have issued ratings and price targets for Neptune Wellness Solutions in the last 12 months. Their average twelve-month price target is $6.00- MarketBeat ( https://www.marketbeat.com/stocks/NASDAQ/NEPT/price-target/)
->Neptune Wellness Solutions Inc. Ships First Commercial Batch of Mood Ring™ Hashish in Canada
Neptune Wellness Solutions, Inc. a diversified and fully integrated health and wellness company focused on natural, plant-based, sustainable and purpose-driven lifestyle brands, announced today its first commercial shipment of its in-house developed Cannabis brand Mood Ring™ Hashish products.
These in-house developed Cannabis brand Mood Ring™ Hashish products will be distributed via the British Columbia Liquor Distribution Branch (BCLDB), the wholesaler and public retailer of non-medical cannabis throughout the province. This commercial shipment follows Neptune's December shipment of Mood Ring™ High CBD Oil and High CBD Capsules.
Mood Ring's THC dominant Legacy Hashish will soon be available for purchase through the BC Cannabis Store online, the 25 government-run retail locations, and will be available to the more than 300 private licensed retailers across British Columbia.
Neptune has also secured a supply agreement with the Ontario Cannabis Store (OCS), the wholesaler and sole online retailer for recreational cannabis in Ontario, for the sale and distribution of Mood Ring™. With that supply agreement in place, the Company has secured access to a footprint for Mood Ring™ totalling over 700 retail stores across British Columbia and Ontario, with the opportunity to scale to retailers in additional provinces upon securing supply agreements.
->Neptune Wellness Solutions Inc. Receives Over US$100 Million in Purchase Orders
->Neptune Acquires Controlling Interest in Sprout Foods, a Fast-Growing 3-Brand Portfolio, in Landmark Transaction
Neptune is taking a controlling and management interest in Sprout Foods, an organic plant-based baby food and toddler snack company with USD$28 million in annual net revenues
Neptune has acquired a 50.1% interest in Sprout. Sprout will operate as a subsidiary of Neptune Wellness Solutions.
The transaction consideration includes a USD$6M cash payment, and the issuance of 6,741,573 Neptune common shares having a value of USD$12.0M. Additionally, Neptune is guaranteeing a USD$10M note issued by Sprout in favor of MSEC. MSEC, an investment team within Morgan Stanley Investment Management, has been providing tailored capital solutions for growth companies for over three decades.
The Company expects the Neptune/Sprout combination to result in significant incremental revenue growth for both companies with several near and long-term revenue synergy opportunities identified as well as an exciting new product pipeline to be launched under the Sprout brand.
Sprout is one of the largest independent organic baby food and toddler snacking companies, with roughly USD$28 million in annual net revenue. Sprout is currently the #4-top selling organic baby food brand on Amazon, with line of sight to a top 3 position.
Sprout's three main brands are Sprout, Nosh and NurturMe. These brands are currently carried in leading retailers including Publix, Wegmans, HEB, Target, and more. Sprout's current management team, including CEO Capp Culver, will remain with the company.
->Neptune Wellness Solutions Inc. Announces Partnership With The Kraft Heinz Company to Distribute its Product in India, Vietnam, Caribbean Islands and Latin America
Neptune's Health & Wellness Innovations division expects the partnership with Kraft Heinz will add significant incremental revenue beginning before the end of Neptune's fiscal year 2021 and will dramatically expand global distribution opportunities for Neptune's branded consumer packaged goods products throughout India, Vietnam, the Caribbean Islands and Latin America. The four regions have a combined population of more than 2.1 billion people, providing Neptune with unprecedented reach for its business