Mr. Michael Cammarata reports

NEPTUNE WELLNESS SOLUTIONS INC. SHIPS FIRST COMMERCIAL BATCH OF MOOD RING(TM) HASHISH IN CANADA

Neptune Wellness Solutions Inc. has shipped its first commercial shipment of its in-house developed Cannabis brand Mood Ring Hashish products.

These in-house developed Cannabis brand Mood Ring Hashish products will be distributed via the British Columbia Liquor Distribution Branch, the wholesaler and public retailer of non-medical cannabis throughout the province. This commercial shipment follows Neptune's December shipment of Mood Ring High CBD oil and High CBD capsules.

Mood Ring's THC dominant Legacy Hashish will soon be available for purchase through the B.C. Cannabis Store on-line, the 25 government-run retail locations, and will be available to the more than 300 private-licenced retailers across British Columbia.

"This is a very exciting time for Neptune as we have now commenced production of Mood Ring Hashish utilizing our newly implemented and proprietary solventless extraction for THC concentrates. We believe Mood Ring is well positioned to satisfy the significant consumer demand for affordable, sustainable, premium cannabis products," said Michael Cammarata, president and chief executive officer of Neptune.

Neptune has also secured a supply agreement with the Ontario Cannabis Store, the wholesaler and sole on-line retailer for recreational cannabis in Ontario, for the sale and distribution of Mood Ring. With that supply agreement in place, the company has secured access to a footprint for Mood Ring totalling over 700 retail stores across British Columbia and Ontario, with the opportunity to scale to retailers in additional provinces upon securing supply agreements.

About Neptune Wellness Solutions Inc.

Neptune Wellness Solutions is a unique global health and wellness company that is changing consumer habits through the creation and distribution of environmentally friendly, ethical and innovative consumer product goods. Neptune's simultaneous focus on business-to-consumer and business-to-business customer-oriented brand development provides the company with international reach and scale from its owned and operated facilities that extract and create product formulation, all the way to the sales floor at top global retailers. Underpinned by a disruptive spirit, Neptune's diversified, and fully integrated business model focuses on natural, plant-based, sustainable and purpose-driven lifestyle brands and the use of cannabinoids in household products to make them safer, healthier and more effective.

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