Investor
Ideas #Potcasts; Interview with President of #Cannabis Business, Neptune
Wellness Solutions Inc. (TSX: $NEPT.TO) (NASDAQ: $NEPT); @Neptune_corp
Delta,
Kelowna, BC – November 12, 2019 (Investorideas.com Newswire) www.Investorideas.com, a global news source
covering leading sectors including marijuana and hemp stocks and its potcast
site, www.potcasts.ca release today’s podcast
edition of cannabis news and stocks to watch plus insight
from thought leaders and experts.
Listen to the podcast:
Read this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/11121Interview-NEPT.asp
Good afternoon and
welcome to another episode of Investorideas.com "Potcast" featuring
cannabis news, stocks to watch as well as insights from thought leaders and
experts
In
today’s podcast, Investorideas.com interviews Michel Timperio, President of
Cannabis Business from Neptune Wellness
Solutions Inc. (TSX: NEPT) (NASDAQ: NEPT). Timperio discusses some of the company’s
recent news as well as providing insight into the CBD industry.
Timperio
plays an essential role in
helping position the company in business segments characterized by larger size
and growth. During his 16-year career at Neptune, he has held a variety of
positions including Chairman of the Board of Directors from 2000-2008 and
Vice-President Business Development, where he was instrumental in the company’s
early development and growth by helping create a new nutrition products
category, Omega-3 krill oil. His entrepreneurial drive led him to build a
start-up venture in residential construction components. He previously worked
for large corporations including Armstrong World Industries and Reichhold
Chemicals, where he held senior management business development positions. Michel
also had a political career during which he was active as Alderman for 20 years
for one of the largest cities in Quebec. He holds a Bachelor of Commerce degree
from Concordia University.
When asked about Neptune’s US operations,
Timperio commented, “Our positioning in
the US is strictly focused on CBD. We feel CBD in the US is a major play. Our
approach will be to focus more on white label as well as our brands. We’ve
hired a new CEO; a serial entrepreneur, Micheal Cammarata and we’ve already
made some announcements recently with American Media LLC as well as IFF, where
we’ve looked at doing some product development together.”
The company recently
announced that it is actively pursuing a product
development collaboration with International
Flavors & Fragrances Inc. (NYSE:
IFF) to co-develop hemp-derived CBD products
for the US market.
“IFF is a well-recognized leader and
innovator in taste, scent, nutrition and ingredients and we could not be more
excited at the potential of combining the resources of our two organizations to
develop plant-based consumer products, including hemp-derived CBD products. The
formulation and technological expertise that IFF cumulates will greatly benefit
Neptune in accelerating its market penetration in the US CBD market. This
partnership aligns well with our growth strategy of expanding core customers
and of supporting consumer packaged goods companies and fragrance houses
expansion into the CBD market,” said Michael Cammarata, CEO of Neptune.
Neptune also announced their
new strategic partnership with American
Media LLC to help support the growth of Neptune’s brands in the US
including Forest Remedies™ and OceanO3®.
American Media owns and operates leading
celebrity and health & fitness media brands such as Men’s Journal®, Us
Weekly®, OK!, Life & Style and enthusiast brands including Powder, Surfer
and Bike. Their portfolio of brands has a combined total circulation of 5.7+
million and reach 53+ million readers each month. American Media’s wide reach
in mobile and online media is impressive with 65+ million unique visitors and
762+ million page views monthly.
“American Media’s pedigree and reach will
accelerate the growth of Neptune’s consumer-facing products into the US retail
landscape. We are excited to have American Media join the Neptune family,” said
Michael Cammarata, CEO of Neptune. “In August, we created Neptune Ventures, our
venture capital arm, to foster strategic partnerships. Today’s announcement
will help us achieve our mission to redefine health and wellness by utilizing
hemp-derived ingredients beyond just consumption. We see hemp-derived
applications for beauty, personal care and home care. This further enhances our
ability to build a diverse customer base which includes hemp, nutraceutical and
consumer package goods companies.”
Timperio
continued to discuss what
investors can expect in the coming months from Neptune Wellness as well as the
CBD and cannabis industries as a whole.
Investor ideas reminds all
listeners to read our disclaimers and disclosures on the
Investorideas.com website and
this podcast is not an endorsement to buy products or services or securities.
Investors are reminded all investment involves risk and possible loss of
investment
Learn more about
our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
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