Shares of Quebec-based Neptune Wellness Solutions (NEPT - Get Report) gained on Wednesday after the pot extraction and purification company said it has struck a deal to with cannabis company Green Organic Dutchman Holdings (TGODF) .
Under terms of the deal, Green Organic will supply more than 230,000 kilograms of cannabis and hemp biomass to Neptune, which will extract and purify cannabinoids and terpenes, to be transformed into organic finished products.
Excited to announce our partnership with The Green Organic Dutchman to process and transform cannabis and hemp into certified organic consumer wellness products! https://t.co/M0E3pNxtBc #cannabis #hemp $nept pic.twitter.com/kr341kL85H— Neptune (@Neptune_corp) June 12, 2019
Shares of Neptune were up 3.38% to $4.82 in morning trading on the Nasdaq Stock Market. The company's stock has jumped more than 40% over the past three months.
Green Organic Dutchman shares rose more than 2% in over-the-counter trading to $2.61. Tilray stock was down just over 1% to $40.07.