Diversified and fully integrated health and wellness company focusing on plant-based on plant-based and sustainable, Neptune Wellness (NASDAQ:NEPT ) on 22nd July launched Forest Remedies’ plant-based Multi Omega 3-6-9 gummies as well as soft gels.
Forest Remedies’ new plant-based multi-omega soft gels as well as gummies harness natural oil grown in the UK, an eco-friendly source of omegas 3, 6, and 9 as compared to fish oil.
It is estimated that one acre of Ahiflowergives same oil as 320,000 anchovies. Use of this oil ensures no overfishing of marine life, now a global ecological disaster in the last five decades which has resulted in reducing Antarctic’s krill population by 80% since the 1970s.
Michael Cammarata, President and Chief Executive Officer of Neptune Wellness, said that Forest Remedies’gummies and gels is an example of the company’s commitment to manufacturing and selling plant-based as well as sustainable health and wellness products. Cammarata added that the firm is revolutionizing supplement packaging as well with a recyclable and compostable outer tube besides a biodegradable interior bag.
With the product being vegan, it is both good for the consumer as well as for the planet. The gels and gummies are in a base Multi Omega 3-6-9 formula and Elderberry Immune formula. Ahiflower oil is proven to be four times effective than flaxseed oil.
Consumers can order the soft gels and gummies online by visiting the Forest Remedies website and new users get 20% discount on the first purchase.
Market Reaction:
On Thursday, NEPT stock ended fell 2.35% to $0.8120 with more than 3.33 million shares, compared to its average volume of 2.03 million shares. The stock had moved within a range of $0.8020 – 0.8500 after opening the trade at $0.85. Over the past 52-week, the stock has been trading within a range of $0.7300 – 3.6000.
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