May 9 (Reuters) - Neptune Wellness Solutions Inc NEPT.TO :
* NEPTUNE SIGNS DEFINITIVE AGREEMENT TO ACQUIRE THE ASSETS OF HEMP PROCESSOR SUGARLEAF LABS
* NEPTUNE WELLNESS SOLUTIONS INC - WILL ACQUIRE SUGARLEAF ON A DEBT-FREE BASIS FOR INITIAL CONSIDERATION AT CLOSING OF $18 MILLION
* NEPTUNE WELLNESS SOLUTIONS INC - INITIAL CONSIDERATION TO BE PAID AS $12 MILLION IN CASH AND $6 MILLION IN COMMON SHARES
* NEPTUNE - BY ACHIEVING PERFORMANCE TARGETS, ADDITIONAL CONSIDERATION OF UP TO US$132 MILLION WOULD BE PAID OVER EACH OF NEXT 3 YRS ON SUGARLEAF LABS DEAL