Neptune Wellness gets $45 million facility via Perceptive Advisors

By Taylor Fox

New York, Oct. 30 – Neptune Wellness Solutions Inc.’s innovations business unit has entered into a letter of credit facility with Perceptive Advisors for up to $45 million to support the fulfillment of large purchase orders placed by a customer, according to a news release.

The product is being sourced by Neptune from an overseas supplier.

There is a fee of 2.5% on any funds drawn under the facility. Neptune will not pay a fee for the establishment of the facility.

Perceptive Advisors is the beneficial owner of more than 10% of the voting securities of Neptune.

Neptune is an integrated health and wellness company focused on natural, plant-based, sustainable and purpose-driven lifestyle brands based in Quebec.

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