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Neptune Wellness Solutions Inc. history
Neptune Wellness Solutions Inc. company history timeline
Neptune Wellness Solutions (originally Neptune Technologies and Bioresources) was founded by Henri Harland and Luc Rainville in 1998.
In 2002, the company pioneered the production and extraction of Antarctic krill oil.
In 2003, after constructing a new facility in Sherbrooke, Quebec, Neptune launched its first product, Neptune Krill Oil, creating a new omega-3 category, manufactured using acetone as a solvent.
Following the accident, the company spent two years rebuilding the plant and was required to meet several safety conditions before resuming production in 2014.
In January 2016 Neptune expanded its nutrition products offering via the acquisition of privately held dietary supplement solution provider BioDroga.
In 2017, Neptune essentially exited the bulk krill oil manufacturing and distribution business, selling its client list to its main competitor, Aker BioMarine of Oslo, Norway, for $34 million.
Neptune was licensed by Health Canada in January 2019 to enter the cannabis market, allowing the company to manufacture and purify cannabis extracts and oil.
In May 2019, Neptune entered the United States hemp market by acquiring the assets of SugarLeaf Labs and Forest Remedies.
In 2021 Neptune announced the acquisition of a controlling interest in Sprout Foods.
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Neptune Wellness Solutions Inc. may also be known as or be related to NEPTUNE WELLNESS SOLUTIONS INC. and Neptune Wellness Solutions Inc.