We get the sense that these processed food giants were waiting for the vertically integrated cannabis giants to fail along with the alcohol players and now they’ve sensed it’s time to jump in ….
Hemp Industry Daily report..
Neptune Wellness is partnering with consumer packaged goods giant Unilever as an import and stocking distributor and logistics partner in the U.S. and Canada.
The Laval, Quebec-based extraction company and product manufacturer of health and wellness products will provide Unilever’s selling partners with products in its warehouse system in the U.S. and Canada to support the growth of the hygiene category, The Fly originally reported.
The partnership could generate sales revenue of $65 million to $137 million over the next 18 months, based on projections from Neptune and Unilever, according to a Neptune company statement.
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