Nepra Foods Inc. reports company developments tied to its role as a vertically integrated functional nutrition and specialty ingredient business. Its updates describe clean-label, allergen-free and gluten-free solutions, including formulation, ingredient technology, co-manufacturing, e-commerce management and retail distribution for food products.
Recurring news themes include operating and financial results, gross margin and profitability commentary, supply-chain and commercialization updates, debt conversion and other capital-structure actions, and participation in investor and baking-industry events. Company releases also highlight gluten-free application expertise and collaborations with category leaders, emerging brands, technology innovators and ag-tech partners.
Nepra Foods Inc. (CSE:NPRA)(OTCQB:NPRFF) has engaged Barry Kaplan Associates for investor relations services to enhance visibility in the financial community. The six-month agreement, renewable monthly, costs $7,500 USD per month plus expenses. Kaplan, with over 40 years in the industry, will focus on generating news and outreach to brokers and analysts. Andrew Kaplan will lead the efforts, aiming to leverage his extensive experience to attract investment interest and support Nepra's growth in the plant-based food sector.
Nepra Foods Inc. (CSE:NPRA)(OTCQB:NPRFF) has achieved DTCC eligibility, allowing its shares to be traded freely under U.S. securities laws. This milestone facilitates electronic clearing and settlement, enhancing accessibility for investors and brokerage firms. The DTCC processed securities transactions valued over $2.3 quadrillion in 2020, underscoring its importance in the financial ecosystem. CEO David Wood emphasized that DTCC eligibility will make Nepra's plant-based products more attractive to potential investors, furthering their mission to offer nutritious, allergen-free food options.
Nepra Foods Inc. (CSE:NPRA)(FSE:2P6.F)(OTCQB:NPRFF) has launched its first dedicated extrusion line at its Colorado facility, enhancing output of Texturized Hemp Protein (THP™) to 800,000 lbs/year. This expansion is projected to increase annual revenue by up to $3.5 million USD. The vertical integration strategy allows Nepra to produce proprietary proteins tailored to their needs, distinguishing them in the plant-based market. The global plant-based protein sector is set to grow significantly, with anticipated growth rates supporting the company's strategic direction.
Nepra Foods Inc. (CSE:NPRA)(FSE:2P6.F)(OTCQB:NPRFF) has announced a $550,000 USD investment to expand its strategic partnership with a major Indian ingredients manufacturer. This venture aims to enhance the research and production of its proprietary plant-based egg white replacement powder, addressing increasing demand for allergen-free alternatives. The investment will allow Nepra to increase its inventory to 35MT in 2022 and boost production capacity by 154% in early 2023, solidifying its position in the growing $2.64 billion egg white powder market.
Nepra Foods has received approval to uplist to the OTCQB Venture Market under the trading symbol NPRFF, moving from the OTC Pink Market. This upgrade reflects enhanced compliance and reporting standards, aiming to attract a broader range of investors in the U.S. CEO David Wood highlighted the timing of this upgrade as fortuitous, coinciding with the upcoming launch of their PROPASTA™ frozen meal line and increased production in Colorado. The uplisting is seen as a confidence vote for potential investors and may enhance trading convenience and liquidity.
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.