Neptune wellness announces intention to spinout sprout organics pursuant to the morgan stanley agreed to transaction

Laval, qc , sept. 18, 2023 /prnewswire/ - neptune wellness solutions inc. ("neptune" or the "company") (nasdaq: nept), a consumer-packaged goods company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced that after careful consideration and evaluation of potential strategic alternatives to enhance the company's value, the board of directors has approved a plan to proceed with a spinout to neptune shareholders of a majority of its equity interest in sprout organics ("sprout"), an organic baby food and toddler brand.
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