VANCOUVER, BC / ACCESSWIRE / January 5, 2022 / Nepra Meals Inc. (“Nepra”) (CSE:NPRA)(FSE:2P6.F)(OTC PINK:NPRFF), creator of nutritious plant-based and allergen-free meals, is happy to share a letter to shareholders from CEO David Wooden.
Pricey Fellow Shareholders,
This previous 12 months has been an distinctive and transformational 12 months for Nepra Meals. We continued to construct on our monitor file of income progress for the fifth 12 months in a row, with a 150% year-on-year progress, which was facilitated by an growth of our manufacturing and workplace area in January. We additionally accomplished an oversubscribed preliminary public providing (IPO) in September, which permits us to additional increase our enterprise and develop thrilling new product verticals.
Constructing from final 12 months’s success, we will likely be including two new income streams that are synergistic with our underlying wholesale ingredient enterprise. The primary of which will likely be our consumer-packaged plant-based high-protein frozen meals into each conventional and pure retail channels with our PROPASTATM line. The second will likely be to market our semi-finished meal parts equivalent to textured plant proteins, plant-based cheeses, excessive protein pastas, and blended dry mixes into the institutional foodservice market together with restaurant chains, colleges, and hospitals. These merchandise make the most of the identical enter supplies, permitting for speedy scaling and offering additional economies of scale by means of the synergy with our underlying ingredient enterprise. A systemic shift in shopper preferences and market development in the direction of more healthy consuming, together with extra plant-based and sustainable meal choices, places us on the forefront of this motion and marks this as a super time to develop into these markets.
Our underlying wholesale ingredient enterprise continues to point out aggressive year-over-year progress in 2022. Whereas the trade, generally, has been tormented by logistical challenges and heightened prices, Nepra Meals’ provide chains have confirmed to be resilient and largely unimpacted. Whereas pricing strain on the wholesale degree is anticipated to proceed to rise this 12 months, we’ve been capable of mitigate this given the proprietary nature of our components which permits us to move on the will increase by means of to our prospects and preserve our margins. This 12 months we will even be including a number of new specialty components to our imported line of starches, plant proteins, and fibers that are designed to unravel particular issues for our industrial food-producing prospects and preliminary responses have been extremely constructive. As such, we anticipate these new merchandise will play a considerable function in driving vital progress.
We’re increasing our home manufacturing base, particularly the variety of merchandise that will likely be manufactured in our Colorado facility, to additional decrease enterprise danger and guarantee product high quality. Within the first quarter of this 12 months, we are going to ramp up manufacturing of our textured hemp protein product (THP™) to be used in our new shopper merchandise (i.e. PROPASTATM) along with having extra capability to facilitate wholesale gross sales and product partnerships. Textured hemp protein is an thrilling new addition to the plant-based protein market providing which has many benefits over the standard textured vegetable proteins presently out there out there. As such, meals producers are anxiously awaiting new, nutritious, purposeful proteins so as to add to their merchandise permitting them to get away from soy, gluten, and different allergens. The addition of textured hemp protein to our wholesale line of components will likely be a major addition to income with robust margins.
Within the growth of the PROPASTA™ shopper line, the R&D workers at Nepra has developed a number of new proprietary formulations. The parts of our shopper merchandise, such because the excessive protein pasta and plant-based cheeses, are very distinctive within the trade and can disrupt the retail frozen meals part. Nevertheless, our purpose on the firm is to make it simpler for everybody to eat more healthy. Many individuals that eat out at eating places or at institutional services, equivalent to colleges and commissaries, are additionally on the lookout for new plant-based choices. Along with promoting into retail, the parts that go into PROPASTA™ meals will likely be bought into these institutional markets. This gross sales technique has been executed by different plant protein producers with nice success. Nevertheless, most of our rivals on this area nonetheless use soy and wheat which might be allergens and make it tough for establishments to undertake. Being that our merchandise are allergen-free in addition to gluten-free will likely be a giant benefit for us in these channels.
In abstract, I see this 12 months as a breakout 12 months for Nepra Meals. The success of our IPO and robust shareholder base mixed with entry to the general public market enable us to quickly speed up our progress . To me, the COVID pandemic appears to be altering the way in which individuals eat. Our tagline “The Evolution of Consuming™” actually sums up my view of the adjustments we must always anticipate in not solely the needs and desires of shoppers but in addition within the actuality of our meals manufacturing and provide chains. The pandemic has reminded all of us how vital it’s to care for our personal and our households’ well being. Now’s the right time for Nepra Meals to make huge strikes to increase our presence within the trade and I look ahead to what the 12 months will carry.
David Wooden
CEO
Nepra Meals Inc.
About Nepra Meals
Nepra Meals is grounded in a ardour for meals. We consider maintaining a healthy diet should not be tough. All people deserves meals choices which might be actually nutritious and style good. Meals should not comprise allergens which may forestall everyone within the household from having fun with it collectively. Individuals should not must compromise high quality and style in what they eat even when they’re attempting to chop down on carbs, do not tolerate gluten or dairy very nicely, or do not wish to eat meals produced from animals. Nepra Meals is on a mission to make wholesome, pleasing meals for everyone.
Ahead-Trying Assertion
This information launch incorporates statements and data that, to the extent that they aren’t historic truth, represent “forward-looking data” inside the that means of relevant securities laws. Ahead-looking data relies on the cheap assumptions, estimates, evaluation and opinions of administration made in gentle of its expertise and its notion of traits, present circumstances and anticipated developments, in addition to different components that administration believes to be related and cheap within the circumstances on the date that such statements are made, however which can show to be incorrect.
Ahead-looking data includes identified and unknown dangers, uncertainties and different components that will trigger the precise outcomes, efficiency or achievements of the Firm to vary materially from any future outcomes, efficiency or achievements expressed or implied by the forward-looking data, together with, however not restricted to, the statements referring to the Firm’s monetary efficiency, enterprise growth and outcomes of operations. Accordingly, readers shouldn’t place undue reliance on any such forward-looking data. Additional, any forward-looking assertion speaks solely as of the date on which such assertion is made. New components emerge infrequently, and it’s not potential for the Firm’s administration to foretell all of such components and to evaluate prematurely the influence of every such issue on the Firm’s enterprise or the extent to which any issue, or mixture of things, could trigger precise outcomes to vary materially from these contained in any forward-looking statements. The Firm doesn’t undertake any obligation to replace any forward-looking data to replicate data, occasions, outcomes, circumstances or in any other case after the date hereof or to replicate the incidence of unanticipated occasions, besides as required by regulation together with securities legal guidelines.
Media Contacts
Joel Primus
Investor Relations Toll-free: (844)-566-1917
David Wooden, CEO
(720)-729-8500
SOURCE: Nepra Meals
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