Nepra Foods' N-50 Flour Propels Ingredient Business and Growth of National Health-food Brands

Rhea-AI Summary

Nepra Foods (CSE:NPRA, OTCQB:NPRFF) has reported early success with its N-50 flour, a hemp heart flour enhancing gluten-free snacks. The product, pivotal for healthy snack brands, saw a 400% growth through Q3 2021. With a commitment to sustainable sourcing and innovative production, Nepra aims to expand its wholesale ingredient business by 100% and B2B consultation by 150% in 2022. The company’s ESG initiatives promote environmental benefits, such as CO2 sequestration from hemp cultivation. CEO David White emphasizes partnerships in providing nutritious food solutions.

Positive

• N-50 flour has experienced a 400% growth through Q3 2021.
• Nepra aims to increase wholesale ingredient business by 100% in 2022.
• B2B consultation business is targeted for a 150% growth in 2022.
• Innovative extraction processes yield nutrient-rich products and support sustainability.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / February 24, 2022 / Nepra Foods Inc. ("Nepra")(CSE:NPRA)(FSE:2P6F)(OTCQB:NPRFF), creator of nutritious plant-based and allergen-free food, is pleased to announce the early success of Nepra's Colorado hemp heart flour, which is sold under the name "N-50 flour." Its innovative formulation, which improves the color and texture of gluten-free salty snacks like pretzels, is not only boosting sales of healthy snack brands that use N-50 flour but also driving the expansion of Nepra's own ingredient business.

Working alongside farmers, and utilizing agronomic practices including conservation and sustainability, Nepra sources its hemp crops from Canada and produces its unique nutrient-rich formulas at its new Colorado facility. Their proprietary cold-press process extracts the hemp oils, then mills the de-oiled seed into a fine white flour. Not only does this extraction process yields a vibrant oil balanced in omegas 3, 6, & 9, the de-oiled seed is transformed into an easy to work with flour that can add substantial protein and nutrition to snack products, baked goods, pasta, and much more.

Hemp crops sequester over 65 million tons of CO2 out of the atmosphere every year, aligning with the company's ESG commitment to "source nutritious and sustainable ingredients that positively impact our planet, offset greenhouse gas emissions, replenish our soils, conserve our water, and protect our oceans, forests, and wildlife."

Supporting the increased popularity of using hemp-based ingredients is the recent perception shift on hemp over the past two years. Other emerging pioneers in the hemp-space like Planet Based Foods are building on this increased awareness with proper education around the nutrient-dense and sustainable nature of this plant. "We trump anyone who may try to talk about other ingredients as sustainable. If you look at the kcals produced per square foot with hemp, there is no other plant-based product like it," says Planet Based Foods Co-founder.

Nepra's flagship product, N-50 Flour, grew 400% through the third quarter of 2021, and is utilized in a growing list of some of America's favorite healthy food snack brands. As a proprietor of specialty ingredient blending (including its Rheoflex brand starches and Essential Flours), and building upon its shared successes with other food manufacturers, Nepra aims to grow its wholesale ingredient business by 100%, as well as its B2B consultation business by 150%, in 2022.

"One of the most cherished aspects of our business is our helping our partners find ingredient solutions to make healthy and delicious food for their customers. This growing subset of our business is a result of our commitment to innovation, ESG principles and our team of chefs and food scientists," says Nepra CEO David White.

About Nepra Foods

Nepra Foods is grounded in a passion for food. We believe eating healthy shouldn't be difficult. Everybody deserves food options that are truly nutritious and taste good. Food shouldn't contain allergens that might prevent everybody in the family from enjoying it together. People shouldn't have to compromise quality and taste in what they eat even if they are trying to cut down on carbs, don't tolerate gluten or dairy very well, or don't want to eat food produced from animals. Nepra Foods is on a mission to make healthy, enjoyable food for everybody.

Media Contact

Investor Relations
Investors@neprafoods.com
1-844-566-1917

The CSE has neither approved nor disapproved the contents of this news release. The CSE does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains statements and information that, to the extent that they are not historical fact, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, but not limited to, the statements relating to the Company's financial performance, business development and results of operations. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws.

SOURCE: Nepra Foods

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FAQ

What drove the early success of Nepra Foods' N-50 flour?

The early success of Nepra Foods' N-50 flour is attributed to its innovative formulation that enhances the color and texture of gluten-free salty snacks.

How much did Nepra's N-50 flour grow in 2021?

Nepra's N-50 flour grew by 400% through the third quarter of 2021.

What are Nepra Foods' growth targets for 2022?

Nepra Foods aims to grow its wholesale ingredient business by 100% and its B2B consultation business by 150% in 2022.

What sustainable practices does Nepra Foods follow?

Nepra Foods sources hemp from Canada using sustainable agronomic practices, contributing to carbon sequestration and environmental benefits.

What is the significance of hemp in Nepra's products?

Hemp is key to Nepra's products due to its nutrient-rich composition and sustainability benefits, including CO2 sequestration.