Despite the down day the market is having in general, one of my plant-based food picks, Nepra Foods Inc. ($NPRA.CN $NPRFF) is still in the green.
Perhaps this is because $NPRA announced today that it has entered into an agreement with Farnam Street Financial, Inc. to lease food processing equipment. The lease will cost $NRPA $1.2M and last for 2 years.
By leasing this equipment the company will be able to expand production and support its goal of doubling ingredient sales.
This move enables two additional lines of revenue, consumer packaged goods and institutional ingredient sales. In addition this will also allow $NPRA's research facilities to expand and add store capacity for raw materials.
More on the lease agreement here: https://ca.finance.yahoo.com/news/nepra-foods-announces-1-2m-110000139.html
Currently $NRPA is trading at $0.70, MC 24.921M