NEPRA FOODS INC - NPRFF STOCK NEWS

Nepra Foods has initiated commercial production of its Egg White Replacement Powder (EPB-ER1) designed for bakeries seeking a plant-based alternative to traditional egg whites. This innovation targets the growing demand in the gluten-free bakery sector, which was valued at $1.64 billion in 2021 and is expected to grow at a CAGR of 10.8% through 2030. The product addresses acute supply challenges and rising costs in poultry products—dried egg white prices surged over 300% since 2017. Nepra is anticipating demand exceeding 900,000 lbs in the next year.

Nepra Foods Inc. has successfully launched its ProPasta™ brand at the Natural Foods Expo and made it available online. This marks a significant milestone in the Company's efforts to provide nutritious, allergen-free meals. The product line includes a frozen entrée and plans for a dried version and a hemp protein meatball. The launch reflects innovative offerings in the plant-based sector, catering to health-conscious consumers. The Company's mission emphasizes making healthy food options accessible to everyone.

Nepra Foods Inc. (CSE:NPRA)(FRA:2P6.F)(OTCQB:NPRFF) announced the launch of its plant-based alternative meat products made from proprietary textured hemp protein (THP™). These products aim to cater to the rising demand for allergen-free, nutritious meat analogs among restaurants and retailers. With a forecasted 35% growth in plant-based proteins on menus by the end of 2022, Nepra's offerings position the company as a key supplier in this expanding market, enhancing its ability to provide differentiated products to operators.

Nepra Foods Inc. (CSE:NPRA)(FRA:2P6.F)(OTCQB:NPRFF) has announced the development of a new egg-free vegan mayonnaise, utilizing hemp heart protein, cold-pressed virgin hemp oil, and lemon flavoring. This product caters to consumers seeking allergen-free, plant-based alternatives to traditional mayonnaise, which typically contains eggs and soy, both recognized allergens. The new offering promises premium taste and nutritional benefits, aligning with Nepra's mission to provide nutritious, enjoyable food options.

Nepra Foods has announced the initial production of its textured hemp protein (THP™), aimed at enhancing consumer and food service sales. THP™ serves as a key ingredient for various allergen-free meat analogs, including offerings in its PROPASTA™ frozen meal line. The company claims its hemp protein is the first of its kind on the market, providing a complete plant-based protein that is allergen-free, high in essential amino acids, and environmentally friendly. Nepra has also engaged Maynard Communication Limited for marketing services at a cost of CAD 650,000.

Nepra Foods Inc. (CSE: NPRA, OTCQB: NPRFF) has initiated commercial production of its new PROPASTA line, showcasing the benefits of hemp protein. Launched at the Natural Foods Expo West, PROPASTA includes products like Spaghetti and Meatballs and Macaroni and Cheese, aimed at a broad market of grocery shoppers seeking convenient, nutritious meals. The company plans to target a significant part of the grocery sales market that traditional plant-based brands have overlooked. With the right supply chain support in place, Nepra looks to expand rapidly.

Nepra Foods Inc. (CSE:NPRA)(FSE:2P6F)(OTCQB:NPRFF) has announced the expansion of its private label product development and ingredients consulting services, responding to a doubled demand in the past year. The company aims to support the growing clientele of independent food manufacturers who seek to create allergen-free products. With expertise in alternative proteins and the introduction of an external team of product developers, Nepra is well-positioned to capitalize on the increasing popularity of plant-based foods, projected to grow significantly by 2030.

Nepra Foods Inc. has launched a new dairy-free Ricotta Ravioli with Marinara, expanding its PROPASTA lineup of nutritious plant-based frozen meals. This product is designed for flexitarians seeking allergen-free options, containing a proprietary blend of hemp heart proteins. The company plans to initially sell online before moving to physical stores later in Q3. Notably, a McKinsey survey indicates that 50% of consumers intend to purchase groceries online, with frozen foods being a significant category. Nepra aims to make healthy eating accessible for all.

Nepra Foods (CSE:NPRA) has launched a private label sampling of salad dressings using its proprietary cold-pressed virgin hemp oil, with initial orders expected to reach up to 20,000 gallons per month. Targeting large retail chains across the United States, this entry into the salad dressings market is part of Nepra's vertical integration strategy to control supply chains and costs. The global salad dressings market is projected to hit $23.8 billion by 2026. The new dressings, which cater to health-conscious consumers, include options like Creamy Italian and Balsamic Vinaigrette.