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Neptune Wellness secures B.C. supply agreement


September 25, 2020
By Grow Opportunity staff

Topics
Mood Ring product line (Credit: Mood Ring, Neptune Wellness Solutions Inc.)

Neptune Wellness Solutions Inc. is getting ready to launch its product line in the B.C. cannabis stores this fall.

On Sept. 24, the company announced that it has entered into an agreement with the British Columbia Liquor Distribution Branch (BCLDB), the wholesaler and public retailer of non-medical cannabis throughout the province. The agreement will bring its new proprietary, Mood Ring wellness product line to 20 B.C. Cannabis Store locations, B.C. Cannabis Store online and to the 271 private-licensed retailers across the province.

“We are pleased to be partnering with BCLDB to bring Mood Ring to the province of British Columbia. This will allow Neptune to bring the benefits of legal cannabis to a larger group of people,” said Michael Cammarata, president and CEO of Neptune.

The initial product rollout will include Mood Ring’s High CBD products and Mood Ring’s Classic Hashish and Legacy Hashish. Mood Ring will deliver sustainable and premium CBD and THC products to the non-medical cannabis market.

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Mood Ring will use Neptune’s proprietary cold ethanol extraction process technology to create full spectrum extracts for the Company’s CBD products and newly implemented solventless extraction for THC concentrates.