Welcome to our dedicated page for Nepra Foods news (Ticker: NPRFF), a resource for investors and traders seeking the latest updates and insights on Nepra Foods stock.
Nepra Foods Inc. (NPRFF) generates a steady flow of news as a specialty food and ingredient company focused on plant-based, allergen-free and gluten-free technologies. Company updates frequently highlight its vertically integrated approach to functional nutrition, its work with global food manufacturers and its efforts to expand ingredient sales and distribution partnerships.
Investors and industry followers can use this page to review financial results announcements, including quarterly and annual filings that discuss revenue trends, gross margin performance and cost management. Nepra Foods regularly reports on growth in sales of custom starch ingredients and plant proteins, as well as the impact of production efficiencies and sourcing strategies on profitability metrics.
News items also cover strategic and corporate developments such as board changes, leadership appointments and capital raises through non-brokered private placements. These releases provide insight into the company’s governance priorities, risk management experience on the board and its approach to funding working capital and expansion.
Product and partnership announcements are another key theme. For example, Nepra Foods has disclosed an exclusive North American distribution agreement for UMF-certified Manuka honey produced by Naki New Zealand, positioning the company in a premium functional food category aligned with its mission. Other updates describe rising demand for hemp proteins, functional flours and specialty starches, and the company’s efforts to convert this interest into recurring ingredient revenue.
By following this news feed, readers can track how Nepra Foods executes its strategy in the gluten-free, allergen-free and plant-based ingredient space, including operational progress, financing activities and new commercial relationships that shape its role in the functional food industry.
Nepra Foods Inc. (CSE:NPRA, OTC Pink:NPRFF) has announced a delay in filing its annual financial statements for the year ended March 31, 2024. The company missed the required filing deadline of July 29, 2024, due to capacity issues with its auditor. These issues stemmed from the company's previous focus on completing outstanding filings, which were submitted on May 1, 2024.
Nepra Foods expects to file the Annual Filings by August 29, 2024. In response to the delay, the company has received a management cease trade order against its CEO and CFO. Nepra Foods commits to providing bi-weekly status updates in accordance with National Policy 12-203 until the Annual Filings are submitted.
Nepra Foods Inc. (CSE:NPRA, FSE:2P6, OTC PINK:NPRFF) has announced the resumption of trading for its common shares on the Canadian Securities Exchange. This development follows the company's previous press release dated July 8th, 2024. The resumption of trading is a significant event for Nepra Foods, as it allows investors to once again buy and sell the company's shares on the CSE platform.
Nepra Foods Inc. (CSE:NPRA)(FSE:2P6)(OTC PINK:NPRFF) has closed its previously announced debt conversion transaction, converting US$970,551 of outstanding debt into 26,445,572 common shares. The issued shares are subject to a four-month statutory hold period ending November 24, 2024. These shares are considered 'restricted securities' under U.S. securities laws and have not been registered under the U.S. Securities Act. The transaction involved insider shareholder William Hogan, constituting a 'related party transaction' under MI 61-101. The company relied on exemptions from formal valuation and minority approval requirements, citing serious financial difficulty and the transaction's aim to improve its financial position.
Nepra Foods (CSE:NPRA, OTC PINK:NPRFF) has announced a US$950,000 debt conversion and board changes. The company has agreed with lender William Hogan to convert outstanding loan obligations of US$970,551 into 26,445,572 common shares at C$0.05 per share. This conversion will eliminate all existing security held by the lender and discharge Nepra's obligations under the loan agreement.
The conversion is considered a 'related party transaction' as the lender is an insider shareholder. Nepra is relying on exemptions from formal valuation and minority approval requirements. The board of directors has unanimously determined that the company is in serious financial difficulty and that this transaction is designed to improve its financial position.
Additionally, Mark Olmsted has resigned as a director of the company, effective July 12, 2024.
Nepra Foods has announced the full revocation of its failure-to-file cease trade order (CTO) by the British Columbia Securities Commission and the Ontario Securities Commission, effective July 5, 2024. The CTO, issued on October 6, 2023, resulted from Nepra's failure to file essential financial documents for the periods ending March 31, 2023, and June 30, 2023. The company completed these filings on May 1, 2024, and expects trading of its common shares on the Canadian Securities Exchange to resume shortly. Despite the CTO, Nepra Foods has maintained its business operations throughout this period.
Nepra Foods announced the filing of audited financial statements for March 31, 2023, along with MD&A and subsequent quarterly financial statements. The company aims to resume trading on the Canadian Securities Exchange after the cease trade order issued in October 2023.
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