Sugarleaf Labs: Neptune Wellness Solutions Expands Into US Through SugarLeaf Labs Acquisition

Neptune Wellness Solutions Inc (NASDAQ: NEPT), a Canada-based company engaged in extraction, purification and formulation of health and wellness products, announced plans to establish a presence in the U.S. through the acquisition of a hemp company.What HappenedNeptune will acquire all assets of SugarLeaf Labs, LLC and Forest Remedies LLC. Both enterprises operate as a single registered North Carolina-based commercial hemp company.The value of the deal is estimated at a maximum of up to $150 million. Neptune will pay an initial consideration of $18 million at closing, consisting of $12 million in cash and the rest in stock. ...Full story available on Benzinga.com