---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-023723"
form_type: "8-K"
ticker: null
cik: "0001401395"
company_name: "Neptune Wellness Solutions Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:00:36.631597+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Neptune Wellness completes $5.15M divestiture of cannabis assets to PurCann Pharma

## Summary
- Completed sale of cannabis business for $5.15M cash to PurCann Pharma, Inc.
- Assets divested include Sherbrooke, Québec processing plant, Mood Ring and PanHash brands.
- Marks key step in strategy to become a leading pure-play CPG company centered on Sprout brand.
- Expects to realize significant cost savings and operational streamlining from redirected resources.

## SEC filing metadata
- accession: 0000950170-22-023723
- form_type: 8-K
- cik: 0001401395
- company_name: Neptune Wellness Solutions Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401395/000095017022023723/0000950170-22-023723-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401395/000095017022023723/nept-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-023723
- JSON: https://secwatch.observer/filing/0000950170-22-023723.json
- Plain text: https://secwatch.observer/filing/0000950170-22-023723.txt

## Key facts
- M&A Transactions
  Neptune Wellness Solutions Inc. completed a disposition involving PurCann Pharma, Inc. for $5,150,000 (closed 2022-11-09).
  - Action: disposition
  - Counterparty: PurCann Pharma, Inc.
  - Consideration: $5,150,000
  - Closing: 2022-11-09
  source text: dated as of October 16, 2022, entered into with PurCann Pharma, Inc. (“Purchaser”). Pursuant to the Purchase Agreement, Purchaser paid the Company an aggregate purchase price of $5,150,000. The description above is a summary of the Purchase Agreement and the transactions contemplated thereby and is subject to, and qualified in its entirety by, reference to the full
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401395/000095017022023723/0000950170-22-023723-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.