Nepra Foods Inc C.NPRA

Alternate Symbol(s): C.NPRA.W | NPRFF

Nepra Foods Inc. is a vertically integrated healthy plant-based food and specialty ingredient company supporting allergen-free and functional food brands. The Company's products consist of Plant-Based Ingredients, is gluten-free and allergen-free plant-based specialty ingredients, blends and mixes; Plant-Based Proteins, which is a plant-based meat alternative; Plant-Based Dairy Alternatives, which provides plant-based dairy alternatives products, ranging from milk to cheese, yogurt, dressing, dips, and sour cream; and plant-based baked goods, snacks and spreads. The Plant-Based Ingredients are sold to food manufacturers and bakeries. It also offers plant-based ready-to-eat meals. Its Plant-Based Ingredients are sold business-to-business (B2B). Its Plant-Based Proteins, Plant-Based Dairy Alternatives, and Plant-Based Baked goods, snacks and spreads products are sold direct to consumer and through sales representatives and distributors.

CSE:NPRA - Post by User

Nepra Foods Inc

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Post by StockHawk1on Jan 24, 2022 3:18pm

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Post# 34354650

Lease agreement marks $NPRA expanding production

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

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