Nepra Foods Stock Price, News & Analysis

Nepra Foods has signed a lease agreement with Farnam Street Financial for food processing equipment worth $1.2 million over 24 months. This investment aims to enhance production capacity for high-protein ingredients, expecting to double production of proprietary Hemp Heart flour and other products. Additional equipment will support the development of PROPASTA frozen meals and expand revenue lines. The company also granted 270,000 RSUs and 100,000 stock options to employees, aiming for long-term growth and development.

Nepra Foods Inc. (CSE:NPRA)(FSE:2P6.F)(OTC PINK:NPRFF) has appointed Eric Kriegisch as Vice President of Ingredient Sales effective January 1, 2022. Eric brings over 25 years of experience from major retailers and consumer product companies. His goal is to double Nepra's wholesale ingredient revenue by the end of 2022, focusing on expanding its consumer packaged goods and institutional foodservice markets. With rising trends in plant-based nutrition, Nepra's allergen-free products are strategically positioned for growth, targeting the increasing demand for non-allergenic proteins.

Nepra Foods continues its growth trajectory, achieving a remarkable 150% year-on-year revenue increase, making it the 5th consecutive year of revenue growth. The company successfully completed an oversubscribed IPO in September, enabling further expansion into new product lines including PROPASTA™ frozen meals. The introduction of new specialty ingredients is anticipated to drive significant growth. Nepra's resilient supply chain management has helped mitigate industry-wide pricing pressures, while their allergen-free products position them advantageously in the evolving food market.

Nepra Foods Inc. has launched its Extra Virgin Hemp Oil available for e-commerce shipping in one-gallon jugs and 8.5 oz glass bottles. This oil, rich in omega fatty acids, is designed for versatile culinary uses and promotes health benefits including inflammation reduction. The product will contribute to Nepra's revenue alongside ongoing discussions for new value-added offerings. Sustainable packaging aligns with the company's ESG goals. The growing global hemp oil market is projected to reach $1.25 billion by 2026, enhancing the oil's market potential.

Nepra Foods Inc. has launched a new direct-to-consumer e-commerce platform to enhance its consumer products strategy. This website will feature Nepra's nutritious, plant-based products, including the ready-to-eat PROPASTA™ line set for early 2022. The platform offers detailed product information and easy online ordering, with initial offerings such as Extra Virgin Hemp Oil and gluten-free Baking Mixes. The site aims to educate consumers on ingredient sourcing and provides a recipe section to promote product versatility. Shipping is available across the U.S. and Canada.

Nepra Foods (OTC PINK:NPRFF) announced a remarkable 242% revenue increase for the nine-month period ending September 30, 2021, reporting sales of $4,262,350 compared to $1,759,370 in the previous year. This surge is attributed to new customer acquisition and a higher volume of specialty ingredients sold. Following the IPO, working capital rose to $5,283,147, a significant improvement from a deficit of $324,656 in 2020. The company also launched new products and expanded its management team. Future growth is anticipated with strong market trends in plant-based foods.

Nepra Foods Inc. (OTC PINK:NPRFF) is set to launch its new PROPASTA™ frozen meals at Natural Products Expo West, running from March 8-12, 2022, in Anaheim, CA. The company will showcase a range of meals, including Spaghetti and Meatballs and Chicken Chow Mein, in a prominent double booth. This event serves as a platform for networking and product sampling, attracting major retailers. Nepra aims to promote nutritious, allergen-free plant-based options that cater to diverse dietary needs, underscoring its commitment to sustainability.

Nepra Foods Inc. announces its debut on the OTC Pink Market trading under symbol NPRFF, expanding access for U.S. investors. With this listing, Nepra aims to enhance trading convenience and liquidity, capitalizing on a surge in OTC trading, which reached $548 billion in September 2021. CEO David Wood highlighted a new 31,000 sq. ft. production facility in Colorado to boost manufacturing and product development. This strategic move aligns with Nepra's growth strategy in the expanding U.S. market.