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Nepra Foods Inc. (NPRFF) is a company dedicated to providing healthy and nutritious food options. With a focus on allergen-free, plant-based foods, Nepra Foods aims to make eating healthy easy and enjoyable for everyone. The company recently announced a non-brokered private placement to raise funds for general corporate purposes. Nepra Foods is committed to offering high-quality, low-carb food options that taste great and provide essential nutrition for consumers. Led by CEO Chadwick White, Nepra Foods is on a mission to create delicious and nutritious food that the whole family can enjoy together.
Nepra Foods reported strong Q2 2025 financial results, marking its first profitable quarter in seven periods. Revenue increased to CAD$1,206,000, up CAD$320,000 from Q2 2023, with an 18.5% improvement in gross profit. The company achieved net income of CAD$81,000, compared to a CAD$860,422 loss in Q1 2025.
Key financial improvements include a reduction in working capital deficiency to CAD$1,382,500 and a decreased consolidated net loss of CAD$779,153 for the six-month period. The company converted a CAD$1,335,111 short-term loan into shares, renegotiated equipment lease terms, and secured additional financing of CAD$495,854 from CEO William Hogan.
Nepra Foods Inc. (CSE:NPRA, OTC PINK:NPRFF) has secured $1,000,000 USD in inventory/purchase order financing and $1,750,000 USD in accounts receivable financing from Gateway Trade Funding. The financing allows 90% of gross value of outstanding purchase orders and 80% of face value of accounts receivable to be financed. As part of this deal, Nepra has:
1. Retired its SBA loan with a principal balance of $172,500 USD
2. Modified its equipment lease agreement, reducing monthly obligations by $35,000 USD
3. Committed to pay $3,700 USD monthly until March 1, 2027 for production equipment
These changes are expected to improve Nepra's cash management and support growth opportunities.
Nepra Foods Inc. (CSE:NPRA)(FSE:2P6)(OTC Pink:NPRFF) has provided an update regarding the filing of its audited financial statements for the fiscal year ended March 31, 2024. The company expects to file the Required Documents by August 29, 2024. A management cease trade order (MCTO) issued by the British Columbia Securities Commission on July 30, 2024, remains in effect, prohibiting the CEO and CFO from trading company securities until the Required Documents are filed and the MCTO is revoked. The company confirms compliance with the alternative information guidelines specified in National Policy 12-203, stating no material changes or additional defaults since the initial announcement on August 2, 2023.
Nepra Foods Inc. (CSE:NPRA, OTC Pink:NPRFF) has provided an update on the filing of its audited financial statements for the fiscal year ended March 31, 2024. The company is experiencing additional delays in finalizing the audit due to scheduling and staffing issues. Nepra now expects to file the Required Documents by August 30, 2024.
The company is currently under a management cease trade order (MCTO) issued by the British Columbia Securities Commission on July 30, 2024. This MCTO restricts the CEO and CFO from trading company securities until the Required Documents are filed and the MCTO is revoked. Other shareholders' ability to trade remains unaffected.
Nepra Foods confirms that there have been no material changes to the information in the default announcement issued on August 2, 2023, and the company continues to comply with the alternative reporting guidelines under National Policy 12-203.
William Hogan has been appointed as the Chief Executive Officer and director of Nepra Foods Inc. (CSE:NPRA) effective August 9, 2024. Hogan owns or controls 37,285,572 common shares and 10,840,000 warrants, representing approximately 41.84% of outstanding shares on a partially diluted basis. This accounts for about 35.02% when considering the conversion of all Class A multiple voting shares. Hogan's appointment is for business purposes, and he may acquire or dispose of additional securities depending on market conditions and Nepra's prospects. An Early Warning Report will be filed on SEDAR+ in compliance with National Instrument 62-103.
Nepra Foods Inc. (CSE:NPRA, OTC PINK:NPRFF) has appointed William (Billy) Hogan as its new Chief Executive Officer and director, effective August 9, 2024. Hogan succeeds Chadwick White, who transitions to the role of Chief Visionary Officer. This strategic move aims to leverage Hogan's extensive experience in CPG brand management and E-commerce, as well as his recent significant financial investment in the company.
Hogan brings a proven track record of operational leadership and strategic planning, having managed over $100 million in product sales in the past five years. This appointment is expected to position Nepra Foods for expansion with a focused, results-oriented approach. Meanwhile, White will continue to focus on the company's core strengths in developing gluten-free bakery products with improved texture and taste, formulated with plant-based proteins and fibers.
Nepra Foods Inc. (CSE:NPRA)(OTC PINK:NPRFF), a leading ingredient supplier to the gluten-free bakery industry, has shared an update on its business status. The company has resolved its Cease Trade Order issues and is now in the final stages of filing financial statements for the year ending March 31, 2024. Despite challenges, Nepra has grown its business and strengthened customer relationships. The company has appointed Billy Hogan as CEO, bringing in new capital and expertise. Nepra continues to advance in ingredient and recipe formulation, expanding into new markets and adding customers. The company is scaling up its manufacturing capabilities, particularly in hemp protein production. Nepra is also positioning itself as a cornerstone hemp food resource, developing relationships with key hemp companies globally.
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.
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