"Since acquiring Sprout in February, we have already increased sales through expanding our distribution across Target stores in the United States, and we expect to add more national retailers. "I am thrilled to announce this arrangement with CoComelon, the number one children's show in North America," said Michael Cammarata, Chief Executive Officer and President of Neptune. Today, Sprout is the #5 market share leader in the high-growth organic baby food category in North America and the #3 organic baby food brand on Amazon. Combining this with Neptune's health and wellness platform will greatly elevate Sprout's efforts to make innovative, organic products accessible for today's healthy families.
Terms of the deal were not disclosed.Īcquired by Neptune in February, Sprout was founded in 2006 and was an early innovator in the organic baby food market, driving category expansion and creating optionality for parents who want to feed their children delicious, organic foods. Product is expected in the summer of 2021. The licensing agreement was brokered by Moonbug's North American Licensing Agency, UTA and includes all North America. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced a multi-year licensing agreement between its Sprout Foods ("Sprout") organic baby and toddler foods and CoComelon®, the world's leading children's entertainment brand, owned and operated by Moonbug Entertainment. LAVAL, QC, J/PRNewswire/ - Neptune Wellness Solutions Inc. Sprout is Ranked #5 Market Share Leader in Organic Baby Foods Category and Ranked #3 on Amazon.CoComelon® Ranks #1 on YouTube with Nearly 9 Billion Views and Ranked #1 on Netflix.CoComelon® is the World's #1 Children's Entertainment & Education Show with Over 110 Million YouTube Subscribers.
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