Neptune Wellness Solutions Inc (NEPT)

[GE_Jim]

From the SEC filing yesterday- In the fourth quarter of Fiscal 2022, the Company expects to report impairment charges relating to its Canadian cannabis asset group of approximately $12.1 million, and impairment and related charges (from the revaluation of the Sprout business call option and impairment on Sprout goodwill and intangibles) of approximately $10.4 million arising from the Company's Sprout business. Additionally, there is substantial doubt that the Company will be able to continue as a going concern. The Company is currently required to actively manage its liquidity and expenses. The current cash balance is expected to be sufficient to operate the business for only the next two to three months under the current business plan. A more detailed discussion of results of operations will be included in the Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Company’s Form 10-K to be filed.