Brief: Neptune Announces Binding Agreement For Divestiture Of Cannabis Assets

Neptune Wellness Solutions

17/10/2022 14:01

Oct 17 (Reuters) - Neptune Wellness Solutions Inc
 NEPT.O :
    * NEPTUNE ANNOUNCES BINDING AGREEMENT FOR DIVESTITURE OF
CANNABIS
ASSETS
    * NEPTUNE WELLNESS SOLUTIONS INC - INTENDS TO USE NET
PROCEEDS
FROM SALE OF ASSETS TO FOR WORKING CAPITAL AND OTHER GENERAL
CORPORATE PURPOSES
    * NEPTUNE -ENTERED INTO AGREEMENT TO DIVEST CANNABIS
BUSINESS
INCLUDING CANNABIS PLANT IN SHERBROOKE, QUÉBEC, MOOD RING &
PANHASH BRANDS, RELATED ASSETS
    * NEPTUNE - HAS REACHED AGREEMENT WITH PURCANN PHARMA,
SUBSIDIARY
OF GROUPE SILICYCLE TO PURCHASE CO'S CANNABIS ASSETS FOR C$5.15
MILLION TO BE PAID IN CASH

Source text for Eikon:  ID:nCNWRGhwha 
Further company coverage:  NEPT.O 
 ((Reuters.Briefs@thomsonreuters.com;))