Neptune Wellness Solutions, Inc., a diversified and fully integrated health and wellness company focused on natural, plant-based, sustainable and purpose-driven lifestyle brands, announced that it has entered into a letter of intent with Société québécoise du cannabis (SQDC), the province’s sole legal retailer for recreational cannabis, for the sale of Neptune’s new cannabis brand, PanHash™.
“This is a very exciting time for Neptune as we announce the agreement with the SQDC and our newest recreational cannabis brand, PanHash™, which has been specifically developed to reflect Neptune’s Quebec roots and heritage,” said Michael Cammarata, President & Chief Executive Officer of Neptune Wellness Solutions Inc.
PanHash™ is focused on safe and quality products that rival brands on the local market. The initial PanHash™ launch will include two products with a high concentration of CBD: cannabis oil and capsules. These products benefit from Neptune’s proprietary cold ethanol extraction technology, which produces full-spectrum extracts, preserving all of the plant’s terpenes.
Mr. Cammarata added, “The addition of PanHash™ complements Neptune’s original cannabis brand, Mood Ring, which is available through both the Ontario Cannabis Store and the BC Cannabis Store. The addition of the PanHash™ brand to the Neptune family and the agreement with the SQDC allows Neptune to bring affordable, sustainable, and premium cannabis products to Quebec.”
The agreement authorizes Neptune to supply PanHash™ products to the SQDC for sale in Quebec. PanHash™ products are expected to be available for purchase this spring. This agreement with Quebec makes Neptune’s recreational cannabis products, through either the PanHash™ or Mood Ring brand, available to over 900 retailers across three provinces in Canada.
Neptune Wellness Solutions is a diversified and fully integrated health and wellness company. With a mission to redefine health and wellness, Neptune is focused on building a broad portfolio of high quality, affordable consumer products in response to long-term secular trends and market demand for natural, plant-based, sustainable and purpose-driven lifestyle brands. Please visit: https://neptunecorp.com/.