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June 12, 2019, 6:48 a.m. EDT

Neptune Wellness' stock soars again after another 3-year extraction deal with a cannabis company

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By Tomi Kilgore

Shares of Neptune Wellness Solutions Inc. /zigman2/quotes/207537677/composite NEPT -0.36% /zigman2/quotes/203840062/delayed CA:NEPT -2.97% shot up 11% toward a record high in premarket trade Wednesday, after the Canada-based extraction and purification company announced a 3-year agreement with cannabis company Green Organic Dutchman Holdings Ltd. /zigman2/quotes/204266798/composite TGODF -3.55% /zigman2/quotes/206870535/delayed CA:TGOD -1.56% . Under terms of the agreement, Green Organic will supply more than 230,000 kilograms of cannabis and hemp biomass to Neptune, which will extract and purify cannabinoids and terpenes, to be transformed into organic finished products. The first shipment of biomass is expected to be received in September 2019. The deal comes less than a week after Neptune announced a 3-year extraction and purification agreement with cannabis company Tilray Inc. /zigman2/quotes/209129655/composite TLRY -3.87% , that sent Neptune's stock to a record close on Friday. Neptune's stock has rallied 39.3% over the past three months while Green Organic shares have shed 20.5%, the ETFMG Alternative Harvest ETF /zigman2/quotes/204332491/composite MJ -0.87% has lost 11.0% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.68% has gained 3.4%.

Read the full story:
Neptune Wellness stock gains after another 3-year cannabis extraction deal

/zigman2/quotes/207537677/composite
US : U.S.: Nasdaq
$ 0.78
-0.0028 -0.36%
Volume: 671,378
Aug. 3, 2021 2:17p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$135.11 million
Rev. per Employee
$278,797
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/zigman2/quotes/203840062/delayed
CA : Canada: Toronto
$ 0.98
-0.03 -2.97%
Volume: 60,102
Aug. 3, 2021 11:42a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$168.75 million
Rev. per Employee
$368,581
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/zigman2/quotes/204266798/composite
US : U.S.: OTC
$ 0.25
-0.0092 -3.55%
Volume: 181,364
Aug. 3, 2021 1:46p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$135.08 million
Rev. per Employee
N/A
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/zigman2/quotes/206870535/delayed
CA : Canada: Toronto
$ 0.32
-0.0050 -1.56%
Volume: 247,812
Aug. 3, 2021 1:27p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$168.70 million
Rev. per Employee
N/A
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/zigman2/quotes/209129655/composite
US : U.S.: Nasdaq
$ 14.05
-0.57 -3.87%
Volume: 11.43M
Aug. 3, 2021 2:18p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.56 billion
Rev. per Employee
$244,326
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/zigman2/quotes/204332491/composite
US : U.S.: NYSE Arca
$ 17.73
-0.16 -0.87%
Volume: 426,486
Aug. 3, 2021 2:17p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,417.03
+29.87 +0.68%
Volume: 1.40B
Aug. 3, 2021 2:18p
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