NEPRA FOODS INC - NPRFF STOCK NEWS

Nepra Foods (CSE:NPRA)(FSE:2P6F)(OTCQB:NPRFF) has announced its entry into the macaroni and cheese market with a new nutrient-packed plant-based version set to debut at Natural Products Expo West from March 8-12, 2022. This product caters to consumers seeking gluten and dairy-free options without sacrificing taste. Combining plant-based ingredients, including hemp protein, the meal is designed for flexitarians. The PROPASTA Macaroni and Cheese will be available online and in stores starting in Q2-2022, aligning with Nepra's mission to provide nutritious, allergen-free food.

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.

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.