Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness company focused on natural, plant-based, sustainable and purpose-driven lifestyle brands, today announced that an independent arbitrator engaged to resolve a commercial dispute between Neptune and Azpa Pharmaceuticals Pty. Ltd. ("Azpa") rendered a decision in favor of Neptune, awarding Neptune its full claimed damages, legal fees, and interest of roughly CAD$8M.
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Neptune Wellness Solutions Inc. third-quarter earnings conference call. At this time, all participants are in a listen-only mode. After the speakers presentation, there will be a question-and-answer session.
[Operator instructions] Please be advised that today s conference is being recorded. [Operator instructions] I would now like to hand the conference over to your host, Ms. Megan McGrath. Thank you.
Please go ahead.
Unknown speaker
Good morning, everyone, and thank you for joining us. Yesterday afternoon, we issued a press release, announcing our results for the third quarter of fiscal 2021. We also issued our management discussion and analysis, and consolidated financial statements. These documents have been filed with the Canadian Securities and Regulatory Authorities of the U.S.
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/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