Neptune announces amendment and expansion of sprout secured promissory notes led by morgan stanley

Laval, qc , july 13, 2022 /prnewswire/ - neptune wellness solutions inc. ("neptune" or the "company") (nasdaq: nept) (tsx: nept), a diversified and fully integrated health and wellness company focused on plant-based, sustainable and purpose-driven lifestyle brands, announced today that sprout foods inc. ("sprout"), the company's organic plant-based baby food and toddler snack company, has entered into an amendment of each of its existing secured promissory notes to expand from us$22.5 million to a maximum of us$37.5 million. in connection with this expansion, investment funds managed by morgan stanley expansion capital ("morgan stanley" or "msec") have agreed to immediately commit an additional us$3 million under the expanded secured promissory notes to sprout.
NEPT Ratings Summary
NEPT Quant Ranking