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New Listing: Nepra Foods Inc. (CSE:NPRA)

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Nepra Foods is located in Centennial, Colorado, Nepra Foods, through its wholly-owned subsidiary, NFL, operates as a vertically integrated healthy plant-based food and ingredient company, with products ranging from plant-based meat and dairy alternatives to snacks and baked goods, supported by a lineup of specialty ingredients.

Additional Information:

Company: Nepra Foods Inc.
Website: http://www.NepraFoods.com
Stock Symbol: CSE: NPRA
Date Published: Sep 20, 2021
Transcript: Available

Video Transcript:

I’m Katriina Cotten for Investmentpitch Media

Nepra Foods Inc., a creator of nutritious plant based and allergen-free food, is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “NPRA”.

The company recently closed its IPO, raising gross proceeds of approximately $7.5 million ($7,474,629) from the placement of approximately 16 million (15,903,465) shares priced at $0.47 per share, which included an over-allotment of 2,073,678 shares.

The shares are trading at $0.65.

Cannaccord Genuity was the sole agent for the offering.

Located in Centennial, Colorado, the company, through its wholly-owned subsidiary, NFL, operates as a vertically integrated healthy plant-based food and ingredient company, with products ranging from plant-based meat and dairy alternatives to snacks and baked goods, supported by a lineup of specialty ingredients.

The company’s products consist of:
(i) gluten-free and allergen-free plant-based specialty ingredients, blends and mixes typically sold business-to-business,
(ii) plant-based meat alternatives,

(iii) plant-based dairy alternatives products, ranging from milk to cheese, yogurt, dressing, dips, and sour cream, and
(iv) plant-based baked goods, snacks, and spreads

The company’s product lines currently consist of 18 Plant-Based Ingredients SKUs, 7 Plant-Based Protein SKUs, 8 Plant-Based Dairy Alternatives SKUs, and 12 Plant-Based Baked Goods, Snacks and Spreads SKUs, which are sold directly to food manufacturers or through distributors, retailers and Direct to Consumers across North America.

The company is led by David Wood who has been in the food industry since 1987 as the third generation President and CEO of Robert G. Wood & Co., an 83-year-old speciality food equipment business.

Mr. Wood is experienced in food production processes and product development, having been involved in the success of Udi’s Gluten-Free, Freshly Foods, Canyon Bakehouse, Bobo’s Oat bars, Cappello’s, and Steven Charles Desserts.

David Wood, President and CEO, stated: "The enthusiasm we are seeing from the investor community with the launching of our IPO confirms our beliefs that the evolution the food industry is seeing away from animal-based proteins is not merely a short-term fad, but a long-term global trend. The key will be providing consumers with very nutritious, satisfying foods with great tastes and textures. The proceeds from this IPO is expected to accelerate our expansion into consumer products using our innovative ingredients.”

For more information, please visit the company’s website www.NepraFoods.com, contact David Wood, President and CEO, at 720-729-8500, or by email at david.wood@NepraFoods.com.

Investor relations is handed by Joel Primus, who can be reached at investors@NepraFoods.com

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I’m Katriina Cotten for Investmentpitch Media