Why Neptune Wellness Solutions Shares Rose Almost 9% Today
Shares of cannabis extraction specialist Neptune Wellness Solutions (NASDAQ: NEPT) closed 8.6% higher on Tuesday, following the company's announcement of a new six-month extraction partnership for hemp processing.
Image source: Getty Images.
Under the terms of this deal, Neptune will take in revenue of at least $16.5 million in total by processing 44,000 kilos of crude and distillate extracts from hemp. This is to be divided into four installments. The company did not provide further details of the arrangement.
Source Fool.com
