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) provides cutting-edge allergen-free and plant-based ingredient solutions for the global food industry. This news hub offers investors and industry professionals comprehensive access to official company updates, including financial disclosures, product innovation announcements, and strategic partnership developments.
Our curated collection features essential NPRFF updates spanning regulatory milestones, manufacturing advancements, and market expansion initiatives. Track the company's progress in hemp protein technology development, gluten-free formulation breakthroughs, and production facility optimizations through verified press releases and SEC filings.
Key updates include earnings reports detailing vertical integration benefits, announcements about proprietary blending techniques, and progress in sustainable food manufacturing practices. Users will find chronological updates on Nepra Foods' technical collaborations, quality control enhancements, and ingredient certification achievements.
Bookmark this page for streamlined access to NPRFF's evolving position in the specialty foods market. Check back regularly for factual updates on the company's scientific advancements and operational developments in allergen-free ingredient solutions.
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.
FAQ
What is the current stock price of Nepra Foods (NPRFF)?
What is the market cap of Nepra Foods (NPRFF)?
