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Inside the Market’s roundup of some of today’s key analyst actions
Bausch Health Companies Inc. (BHC-N, BHC-T) is likely to “change dramatically” over the next 12-18 months, according to RBC Dominion Securities’ Douglas Miehm, who thinks the market is “only starting to understand the value that could be surfaced.”
After being “on the sidelines for more than five years,” the equity analyst now sees the path to the expected spin off its eye-care business and thinks the “implications of possible divestitures provide near-term upside potential.”
/PRNewswire/ - Neptune Wellness Solutions, Inc. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness.
Neptune Reports Third Quarter Fiscal 2021 Results
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LAVAL, QC, Feb. 15, 2021 /PRNewswire/ - Neptune Wellness Solutions Inc. ( Neptune or the Company ) (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness company focused on plant-based, sustainable and purpose- driven lifestyle brands, today announced its financial and operating results for the three- month and nine-month periods ending December 31, 2020.
During the third fiscal quarter, Neptune substantially completed its strategic transition from extraction of hemp and cannabis to the production and sale of consumer-packaged goods and branded products. Neptune believes the shift to consumer-packaged goods and branded products will ultimately result in higher margins and lower risk and will enable the company to generate positive adjusted EBITDA sooner than in its prior B2B model. In addition, the transition has allowed Neptune to prepare
(MENAFN - Baystreet.ca) CBD-infused beverages are quickly gaining traction in the cannabis industry. Tilray Inc. (NASDAQ:TLRY), which announced plans to merge with Aphria, will reportedly have a strong consumer packaged goods presence and infrastructure with two strategic pillars, including SweetWater, a cannabis lifestyle branded craft brewer, and Manitoba Harvest, a pioneer in branded hemp, CBD and wellness products with access to 17,000 stores in North America. The Combined Company is expected to leverage SweetWater s craft beer manufacturing and distribution network to build brand awareness for the Combined Company s leading brands via craft beers, hard seltzers, and other beverages as it seeks to take advantage of opportunities for both the adult-use and health and wellbeing beverage trends.
Neptune Wellness Solutions Inc (NASDAQ: NEPT) shares are trading lower Tuesday after the company on Monday reported worse-than-expected third-quarter EPS .