Neptune Wellness increases Sprout ownership to about 89.5% via debt exchange

Neptune Wellness Solutions announced that it has effectively converted a substantial portion of Neptune’s Sprout debt into Sprout equity for the company’s organic baby and toddler food brand, Sprout Organics. In accordance with the terms of the previously announced exchange option, Sprout debt was exchanged for Sprout equity resulting in Neptune having increased Sprout ownership from 50.1% to approximately 89.5%.