PurCann Pharma completed the acquisition of cannabis assets of Neptune Wellness Solutions.

PurCann Pharma, a pharmaceutical company, completed the acquisition of cannabis assets of Neptune Wellness Solutions, a provider of nutraceuticals, legal cannabis & hemp products. Financial terms were not disclosed. "We are pleased to complete the divestiture of our cannabis business, a critical milestone in executing upon our strategy to become a leading CPG company. The sale of the cannabis assets will allow us to realize significant cost savings and operational streamlining from redirected resources towards our simplified corporate structure, as we focus on Sprout as the key growth driver for Neptune going forward," Ray Silcock, Neptune CFO.