New Risk • Mar 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). Share price has been highly volatile over the past 3 months (23% average weekly change). High level of non-cash earnings (24% accrual ratio). Market cap is less than US$10m (CA$12.6m market cap, or US$9.22m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Announcement • Jan 07
Nepra Foods Inc. Appoints Cotter Stern as Director of Ingredient Sales Nepra Foods Inc. announced the appointment of Cotter Stern as Director of Ingredient Sales. With over 15 years of experience in organic food trading, Mr. Stern brings deep technical understanding of global commodity markets and a proven track record of building sustainable supply chains. Mr. Stern's esteemed reputation will accelerate Nepra Foods' growth trajectory. Mr. Stern's career demonstrates a commitment to the organic food sector, shaped by early mentorship under an entrepreneurial pioneer and advanced through global roles managing logistics, inventory, and successful product launches. He has expertly handled hundreds of ingredients in both CPG and bulk markets, spanning plant proteins, legumes, nuts, seeds, sweeteners, and oils. Mr. Stern is known in the industry for his trustworthiness and high integrity, qualities that have fostered enduring client loyalty through a consistent client-first approach. His meticulous attention to detail and rigorous expectations for supplier quality will differentiate Nepra Foods, and his extensive network provides substantial opportunities for Nepra Foods to expand ingredient sales via trusted connections with farmers, producers, and major clients worldwide. Announcement • Aug 14
Nepra Foods Inc. to Report Fiscal Year 2025 Results on Sep 29, 2025 Nepra Foods Inc. announced that they will report fiscal year 2025 results at 9:30 AM, US Eastern Standard Time on Sep 29, 2025 
