Neptune announces receipt of nasdaq notification

Laval, qc, aug. 31, 2021 /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, today announced that the company has received a written notification (the "notification letter") from the nasdaq stock market llc ("nasdaq") on august 30, 2021, notifying the company that it is not in compliance with the minimum bid price requirement set forth in nasdaq listing rule 5550(a)(2), which requires that the closing bid price for the company's common shares listed on nasdaq be maintained at a minimum of us$1.00. listing rule 5810(c)(3)(a) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days.
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