Neptune Wellness Solutions says that it is actively pursuing a product development collaboration with International Flavors & Fragrances (IFF).

"IFF is a well-recognized leader and innovator in taste, scent, nutrition and ingredients and we could not be more excited at the potential of combining the resources of our two organizations to develop plant-based consumer products, including hemp-derived CBD products. The formulation and technological expertise that IFF cumulates will greatly benefit Neptune in accelerating its market penetration in the U.S. CBD market. This partnership aligns well with our growth strategy of expanding core customers and of supporting consumer packaged goods companies and fragrance houses expansion into the CBD market," said Michael Cammarata, CEO of Neptune.
 

The companies will co-develop hemp-derived CBD products for the U.S. market.

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