Neptune focuses on the development of value-added and differentiated products for the Canadian and global cannabis markets. Neptune’s activities also include the development and commercialization of turnkey nutrition solutions and patented ingredients such as MaxSimil, and of a variety of marine and seed oils. Its head office is located in Laval, Quebec.
“I am thrilled to have been given the opportunity to take on this new role, as I have followed Neptune’s progress and am excited about their status in the market. Neptune is well positioned for strong and sustainable growth in the coming years, and I am eager to bring the skills and capabilities required to deliver success and value for shareholders,” said Cammarata.
Jim Hamilton, former head of Neptune, has stepped down from his role as CEO and director but will remain as an advisor to the board.
Over the past 20 years, Cammarata has been a serial entrepreneur, developing businesses and successfully investing in various sectors such as wellness products, biotechnology, advertising, electronics and entertainment, through his own venture capital and private equity firm, Random Occurrence. His investment, strategic retail partnerships and deep understanding of digital architecture contributed to breakthrough years for Schmidt’s Naturals from its start-up stage in 2015 to the acquisition by Unilever in 2017. He led Schmidt’s Naturals as CEO to exponential growth of the Schmidt’s brand in 2018 and 2019, through expansion into distribution and further expanding product lines including hemp-derived wellness products domestically and globally.
“Michael has extensive executive leadership experience at the forefront of consumer innovation. He has identified new trends and opportunities which led to the development of market-leading products,” said John Moretz, chairman of the Board of Neptune. “These critical skills should benefit our customers. Moreover, Michael possesses the right mix of operational CEO experience, leadership skills, and technology industry expertise to help elevate Neptune to the next level.”
You can listen to a Happi podcast with Cammarata here.