09:12 AM EDT, 05/23/2025 (MT Newswires) -- Jamieson Wellness ( JWLLF ) on Friday said it will redeem its outstanding 2.5 million Series A preference shares currently held by an affiliate of DCP Capital Partners in connection with DCP's 2023 investment in its Chinese business.

The company said the redemption will be effective on or about June 4 and will be completed at $40.19 per preference share for a total of $101.6 million.

"Our partnership with DCP has been transformative for our China business, which grew over 50% in Q1, and nearly 80% in 2024," said Jamieson Wellness ( JWLLF ) Chief Executive Mike Pilato. "The growth we're seeing in the Chinese market today isn't a temporary spike but a clear, sustainable trend that validates our strategy."

Shares of the company closed up 0.6% to $35.28 on Thursday on the Toronto Stoc Exchange.