+ 0.60
+ 0.4%

Neptune Partners With Ontario Cannabis Store, Brings Products To 515 Canada Stores

October 27, 2020 10:40 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Neptune Partners With Ontario Cannabis Store, Brings Products To 515 Canada Stores

Neptune Wellness Solutions Inc. (NASDAQ:NEPT) (TSX:NEPT) partnered with Ontario Cannabis Store to sell and distribute Mood Ring, a new proprietary recreational product line.

Under the supply deal, the Mood Ring product line would be commercialized in 211 Ontario-based private retailers.

The initial product offering would include High CBD Oil, High CBD Capsules, Classic Hashish, and Legacy Hashish.

This is the second supply deal that the Laval-Quebec-based company inked through its subsidiary for a proprietary cannabis line for the Canadian market. 

Last month, the company teamed up with the British Columbia Liquor Distribution Branch that retails non-medical cannabis products across the province.

This is yet another landmark moment in the cannabis movement and will allow Neptune to bring the Mood Ring brand — affordable, sustainable, and premium cannabis products — to the millions of people who live in that province," Neptune CEO and President Michael Cammarata noted Tuesday.

The deal comes on the heels of the company's announcement related to its $35 private placement deal with certain US healthcare-focused institutional investors.

Meantime, in August, Neptune elected eight news directors, who will hold positions until the next annual meeting of shareholders.

Courtesy image


Cannabis News Markets

Related Articles

Michigan Cannabis Sales Near $1B In First Year Of Adult-Use Sales

Cannabis sales in Michigan spiked during December, bringing the total to $984.6 million for 2020. read more

Cantor Analyst Raises Aphria And Tilray Price Targets Amid Merger

Cantor Fitzgerald analyst Pablo Zuanic expressed disappointment by Aphria Inc. (TSX: APHA) (NASDAQ: APHA) quarterly results in an analyst note published Friday. read more

Cannabis Movers & Shakers: Next Green, Cannabis Control Commission, Willow, TruTrace, HEXO, Bengal Capital, MediPharm Labs, NIHC

Here is a summary of the latest leadership changes within the cannabis industry. read more

French Energy Firm Backs Hemp-Fueled Gas Plant With $23M

French energy company Qairos Energies is financing a project that will use locally grown hemp for the production of hydrogen and methane, according to HempToday. read more

Jay-Z Touts 'End Of Cannabis Prohibition' As Roc Nation Finalizes SPAC Deal With Caliva, Left Coast Ventures

A consortium made up of CMG Partners Inc., Left Coast Ventures Inc. and Shawn Carter (Jay-Z) —with his company Roc Nation — has finalized its previously announced transaction with Subversive Capital Acquisition Corp. (OTCQX: SBVCF). read more