Home Financial Markets What Drove The Neptune Wellness (NEPT) Stock Higher In Extended Trading?

What Drove The Neptune Wellness (NEPT) Stock Higher In Extended Trading?

After-market trading hours on Thursday, shares of Neptune Wellness Solutions Inc. (NASDAQ: NEPT) climbed 2.96% to $1.39. The Neptune Wellness stock closed at $1.35 in the regular session, losing -4.93%. Over the week, NEPT stock gained 5.47%, while it has added 0.75% over the month. As a result of signing a definitive agreement with a cannabis brand, NEPT stock witnessed gains.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

What was the agreement for?

Neptune Wellness is comprised of diversified businesses in the health and wellness industry. The goal of Neptune is to redefine health and wellness by developing a broad portfolio of consumer products of the highest quality, at an affordable price, to meet long-term secular trends and market demand for natural, plant-based, sustainable, purpose-driven lifestyle brands.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Read More

Identifying new innovation opportunities, quickly adapting to consumer preferences and demands, and bringing new products to market through mass retail partners and e-commerce channels, NEPT uses a highly flexible, cost-efficient manufacturing and supply chain infrastructure that can scale up and down or into adjacent product categories.

A supply agreement has been entered into between Neptune and Alberta Gaming, Liquor and Cannabis (AGLC) for the sale and distribution of Neptune’s proprietary recreational cannabis brand, Mood Ring. AGLC is Alberta’s sole online retailer for recreational cannabis and is a wholesaler.

With this agreement, NEPT has secured its fourth supply agreement with a provincial cannabis wholesaler. It will enable NEPT to sell recreational cannabis products to more than 1,600 retailers spread across British Columbia, Alberta, Ontario, and Quebec through its Mood Ring and PanHash brands.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

NEPT’s advantage:

The AGLC agreement enables Neptune Wellness (NEPT) to rapidly expand in the recreational cannabis market due to the fact that these four provinces accounted for over 80% of Canadian cannabis retail sales in 2020.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Aprea Therapeutics Inc. (APRE) stock soars during current market trading. What’s the update?

Aprea Therapeutics Inc. (NASDAQ: APRE) stock gained by 41.03% at the last check in the current market trading. Aprea Therapeutics is a pharmaceutical business...

Roblox Corp. (NASDAQ: RBLX) stock falls during pre-market trading session. What’s happening?

Roblox Corp. (NASDAQ: RBLX) stock gained by 2.28% at last close while the RBLX stock price declines by 8.13% in the pre-market trading session....

Can-Fite BioPharma Inc. (CANF) stock soars during current market. Why so?

Can-Fite BioPharma Inc. (NASDAQ: CANF) stock gained by 4.42% in the current market trading session. Can-Fite BioPharma Ltd. is a medication research company in...

UXIN stock surges during current market. Here’s to know why?

Uxin Ltd. (NASDAQ: UXIN) stock gains by 14.67% at last check during current market trading. In China, Uxin Limited is a prominent online used...

Opgen Inc. (OPGN) stock surged during pre-market session. What’s driving it high?

Opgen Inc. (NASDAQ: OPGN) stock declined by 1.84% at the last close whereas the OPGN stock price gains by 22.07% in the pre-market trading...

Aprea Therapeutics Inc. (APRE) stock soars during current market trading. What’s the update?

Aprea Therapeutics Inc. (NASDAQ: APRE) stock gained by 41.03% at the last check in the current market trading. Aprea Therapeutics is a pharmaceutical business...

TAL Education Group (TAL) stock is tumbling today: What’s Going on?

Shares of the TAL Education Group (TAL) stock were tumbling in the current market trading session today on June 16, 2021, without any obvious...

SPI Energy Inc. (SPI) stock surged in the current market trading. Here’s the update

SPI Energy Inc. (NASDAQ: SPI) stock soars by 15.42% during the current market trading session. SPI Energy is an international renewable energy company that...

Related News

SPI Energy Inc. (SPI) stock surged in the current market trading. Here’s the update

SPI Energy Inc. (NASDAQ: SPI) stock soars by 15.42% during the current market trading session. SPI Energy is an international renewable energy company that...

Why is Autolus Therapeutics plc (AUTL) stock rising today?

Shares of  Autolus Therapeutics plc (AUTL) stock were rising today on June 11, 2021, following the release of the presentation data related to obe-cel...

General Employment Enterprises Inc. (JOB) stock soars during pre-market trading. Here’s to know why?

General Employment Enterprises Inc. (NASDAQ: JOB) stock gained by 1.96% at last close while the JOB stock price rises by 3.88% in the pre-market...

U.S Concrete Inc. (USCR) stock soars during pre-market trading session. What’s driving it high?

U.S Concrete Inc. (NASDAQ: USCR) stock declined by 0.66% at last close while the USCR stock price gained by 27.88% in the pre-market trading...

Energous Corp. (WATT) stock surged during pre-market trading. What’s happening?

Energous Corp. (NASDAQ: WATT) stock soared by 0.36% at last close while the WATT stock price gains further by 7.12% during the pre-market session....

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam