Neptune Wellness Solutions Inc. (Nasdaq: NEPT) (TSX: NEPT) announced its Q4 financial and operating results this past week for the three-month period and year ended March 31, 2020.

Financial Highlights (All amounts are in thousands of Canadian dollars except if specified otherwise and are compared to the previous quarter.)

• Total revenues: increased by 4%
  • Cannabis revenues increased 43%
  • Nutraceutical revenues decreased 13%
• Net Profit (Loss): increased 217% to ($39.2M)
• Adjusted EBITDA: decreased 47.2% to a loss of $25.4M

Operation Highlights

• restructured its business into six business units with dedicated sales resources to drive accelerated growth and innovation across each of the business platforms. The six business units include:
  1. Consumer Brands consisting of the Forest Remedies and Ocean Remedies brands. 
  2. Cannabis and Hemp which includes extraction operations in both Canada and the U.S. 
  3. Turnkey Solutions that is positioned to drive product development with extensive supply chain capabilities to provide end-to-end consumer solutions across the health and wellness industry.
  4. Health and Wellness Innovations that is positioned to rapidly respond to evolving consumer trends such as the recent launches of hand sanitizers and the Neptune Air non-contact thermometer.
  5. Neptune Ventures is the platform for strategic investments and provides an incubator for emerging technologies, brands and other innovations. 
  6. Neptune Royalties that is focused on growing and capitalizing on intellectual property and licensing opportunities.
• announced the expansion of its strategic partnership with American Media LLC to help support the U.S. launch and growth of Neptune's Ocean Remedies brand and product line.
• announced the official launch of the Forest Remedies and Ocean Remedies brands.
• announced the appointment of David Mayers as Chief Operating Officer.
• announced it had entered into an Open Market Sale Agreement with Jefferies LLC.
• announced it had received Health Canada's authorization to commercialize natural, plant-based hand sanitizer products.
• announced it had engaged with the National Research Council of Canada (NRC) to support NRC's efforts to facilitate the development, manufacturing and ultimately commercialization of solutions to meet COVID-19 related needs.
• announced the appointment of Dr. Toni Rinow as Chief Financial Officer. 
• announced that its phase II expansion at its Sherbrooke, Quebec facility is operational.
• announced it had entered into an exclusive partnership with Dr. Jane Goodall to co-develop natural health and wellness products under the Forest Remedies™ brand with a percentage of all profits donated to support Dr. Goodall's environmental conservation and reforestation initiatives.
• announced the launch of Neptune Air, a non-contact infrared thermometer (NCIT) optimized for measuring a person's temperature while reducing cross-contamination risk and minimizing the risk of spreading disease.
• announced that it has entered into an extraction partnership for hemp processing resulting in revenues to the Company of a minimum $16.5M over the first six month period. 

Forward Guidance
For the first quarter of fiscal 2021, the Company is reiterating its guidance for revenue of between $18M and $22M, reflecting accelerated growth across several of the Company's business units.

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