Nepra Foods has had a pretty strong year, with the latest revenue reports showing a 242% increase in total revenues.
Continuing to build upon a strong foundation and corporate strategy, the revenue increase is attributed to new customer acquisition and a higher volume of specialty ingredients sold. Driving this sales growth is the increased production of $NPRA.CN’s high protein N-50 hemp flour, which rose 400% overproduction output earlier this year.
$NPRA is also in a strong financial position heading into 2022, after raising working capital of $5.28 million from its IPO. This is up tremendously from the prior period where $NPRA was operating with a working deficit of $324,656.
As $NPRA continues to take its hemp-based products to market, I’m excited to see what the next couple of quarters have in store for the company. As prices have already tested highs of $.92, there are plenty of gains to be had from the current price of $.68.
$NPRA is currently trading near historical support at a price of $.68 and is valued at $24.61 million.
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