The latest update is out from Neptune Wellness Solutions Inc (NEPT).
Neptune Wellness Solutions Inc. is undergoing a significant restructuring, with top executives, including CEO Michael Cammarata and EVP John Wirt, on mandatory unpaid leave amid financial troubles. Cammarata has also resigned from the board and is disputing his leave, hinting at potential employment agreement conflicts. The company is now forming a special committee to navigate through the transition and search for an interim CEO. This move is part of a broader effort to reduce costs and stabilize the company’s financial position.
For detailed information about NEPT stock, go to TipRanks’ Stock Analysis page.
