<div>
  <ul>
    <li>
      <p>
        Nepra Foods Inc., through its wholly-owned subsidiary, Nepra Foods, Ltd., has secured a loan of USD 950,000 from William Hogan at 6% per annum.
      </p>
    </li>
    <li>
      <p>
        The new funds will support the growth of Nepra Ltd. and aid in increasing its enterprise value.
      </p>
    </li>
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      <p>
        <b>Analyst QuickTake: </b>
        This news comes after Nepra Foods was issued a 
        <a href="https://www.accesswire.com/791414/nepra-foods-announces-cease-trade-order">
          cease trade order
        </a>
         (CTO) by the British Columbia Securities Commission in October 2023. The CTO was issued because Nepra Foods failed to file its audited annual financial statements for the year ended March 31, 2023.&nbsp;
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.accesswire.com/856321/nepra-foods-announces-loan-to-its-subsidiary-nepra-foods-ltd">
      Press release
    </a>
  </p>
</div>


Plant-based Dairy & Egg

ANALYST_QUICK_TAKE

<div>
 <p>Nepra Foods Inc. has procured a loan of USD 950,000, provided by William Hogan at an interest rate of 6% annually, through its entirely owned subsidiary, Nepra Foods, Ltd.</p>
 <p>These finances will be channeled toward boosting the growth of Nepra Ltd. and assisting in the enhancement of its enterprise value.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> This news comes after Nepra Foods was issued a <a href="https:<br>
//www.accesswire.com/791414/nepra-foods-announces-cease-trade-order"> cease trade order </a> (CTO) by the British Columbia Securities Commission in October 2023. The CTO was issued because Nepra Foods failed to file its audited annual financial statements for the year ended March 31, 2023.&nbsp;</p>

Nepra Foods raises USD 950,000 in debt funding to support growth

<div>
 <p>Dreamfarm, an Italian dairy alternative startup, has begun distributing its almond-based cheese alternatives in Edeka stores in Berlin, Germany. Plans are in place to collaborate with restaurants and pizzerias for foodservice distribution soon.</p>
 <p>The company uses a unique patent-pending process that ferments almonds with chosen cultures to produce its cheese alternative. The mozzarella cheese substitute from Dreamfarm has been certified as a liquid product by the Italian Government and has received an A-rating from Nutriscore.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> In <a href="https:<br>
//sp-edge.com/updates/23521"> November 2023 </a> , the company secured a EUR 5 million (~USD 5.3 million) investment for widening distribution, among other initiatives. In March 2024, the company <a href="https:<br>
//sp-edge.com/updates/27538https:<br>
//sp-edge.com/updates/27538"> expanded to Belgium </a> by launching its products at Delhaize stores.</p>

Dreamfarm launches almond-based cheese alternatives in Germany

PROMINENT_CATEGORY

<div>
 <p>UK-based alternative dairy company MYOM has created a shelf-stable oat paste that can be transformed into oat milk by adding water. This innovative product is packaged in recyclable pouches, and each pouch can produce 500ml of oat milk.</p>
 <p>The company maintains that their oat paste contains no added sugars and is fortified with essential nutrients such as calcium, vitamin D3, iodine, and vitamin B12. MYOM also suggests that this product could lead to a reduction of food waste, a decrease in transportation emissions, and minimized wastage from excess packaging.</p>
 <p>Established in 2023, MYOM specializes in developing shelf-stable pastes that can be converted into dairy alternatives with the addition of water. They aspire to enhance the sustainability of the plant-based dairy industry by addressing issues related to packaging waste and emissions from transport.</p>
</div>

MYOM launches shelf-stable oat paste for milk alternatives

<div>
<p>An Austrian alternative dairy producer named Kern Tec has formed a partnership with Berger-Schinken, a ham and sausage producer based in Germany. Together, they have created a plant-based cheese sausage that uses pea protein and fruit pits that have been upcycled.</p>
<p>This partnership's main goal is to present innovative and sustainable food alternatives to satisfy the rising demand for plant-based foods. The vegan sausages are made using a distinct recipe, with the cheese being made from upcycled fruit pits.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> This marks Kern Tec’s first partnership to develop a meat-based product. The company previously partnered with German dairy company <a href="https:<br>
//sp-edge.com/updates/23805"> Bauer </a> and Swiss supermarket group <a href="https:<br>
//sp-edge.com/updates/27913"> Coop </a> to develop dairy alternatives.</p>

Kern Tec partners with Berger-Schinken to launch plant-based cheese sausages

<div>
 <p>Vonher GmbH, a German vegan food producer, released its ready-to-cook, vegan fried egg substitute, named NOT EGG, at the Internorga trade fair in Hamburg. Primarily targeted towards the restaurant and hotel industry, the product is shaped like a conventional fried egg.</p>
 <p>NOT EGG is made from all-natural ingredients such as soya protein isolate, mung bean seeds, pumpkin, carrot, cassava flour, and ginger. The product promotes numerous health benefits - it is rich in protein, free from gluten and cholesterol, low-carb, and does not contain any preservatives, artificial colorings, flavorings, or genetically modified components.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Yo! Egg, an Israeli plant-based egg producer, claims to be the first company to develop a fried egg alternative. <b> </b> Furthermore, in March 2024, Neggst, another German plant-based egg producer, <a href="https:<br>
//sp-edge.com/updates/27882"> unveiled </a> its sunny-side-up egg alternative product, along with its poached egg alternative.</p>

Vonher GmbH launches vegan fried egg alternative 'NOT EGG'

<div>
 <p>Plant-based dairy startup, Nobell Foods, has undergone a rebranding, now known as Alpine Bio. This change aligns with their goal of progressing biotechnical abilities and creating pioneering dairy-free products. Nobell Foods will now function as a division of Alpine Bio, focusing on the growth and creation of plant-based casein and additional ingredients.</p>
 <p>Alpine Bio recently secured their 10th US patent, which covers dairy food compositions made from plant-expressed recombinant casein proteins. This novel technique attempts to mimic conventional dairy products using plant systems, with an eye towards enhancing production efficiency and affordability. The company has also announced their plan to launch their animal-free mozzarella cheese by 2025.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Nobell Foods’ proprietary method allows it to recreate the genetic code of casein in soybean seeds and grow plants with the same dairy casein. This plant-derived casein is used to produce plant-based cheeses with similar stretch, melt, and mouthfeel as real cheese. The company plans to initially supply foodservice companies, focusing on pizza chains and retail channels.</p>

Nobell Foods rebrands as Alpine Bio; acquires 10th US patent

<div>
 <p>Pleese Cheese, a vegan pizza cheese developer, has collaborated with Performance Food Group (PFG), a top US food distributor, to extend the reach of its vegan cheese across the country.</p>
 <p>Pleese Cheese plans to utilize PFG's wide distribution network, encompassing 150 hubs and 300,000 restaurants, thus touching a broader range of pizzerias and food service businesses.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> In <a href="https:<br>
//sp-edge.com/updates/12225"> August 2022 </a> , Pleese Cheese partnered with online retailer Webstaurant Store for its first online retail launch. This new partnership will significantly boost its sales network, which, at present, includes 80+ retail and food service establishments.</p>

Pleese Cheese partners with Performance Food Group for national expansion

<div>
 <p>An Israeli AgTech startup called Finally Foods, which uses AI for plant-based protein production, has received pre-seed funding from The Kitchen FoodTech Hub and the Israeli Innovation Authority.</p>
 <p>The funds will be employed to improve the production of casein proteins that are used in animal-free cheese. This will be done via an AI-based plant molecular farming platform.</p>
 <p>Established in 2024, Finally Foods utilizes plant molecular technology that was developed by Evogene. They transform potatoes into bioreactors to produce sustainable proteins. The company's initial focus is on casein production for animal-free cheese, while sustainable alternatives for milk and meat are still being developed.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> Potatoes, which may seem like an unlikely ingredient for animal-free protein production, have garnered interest recently in the sustainable proteins space, both in terms of an ingredient and a bioreactor for plant molecular farming. Animal-free dairy startup <a href="https:<br>
//sp-edge.com/companies/1021629"> Veg of Lund </a> uses potatoes to develop dairy-free milk, while <a href="https:<br>
//sp-edge.com/companies/2754595"> PoLoPo </a> uses metabolic engineering to convert potato plants into protein-producing micro-biofactories.</p>

Finally Foods secures pre-seed funding to enhance animal-free cheese production

<div>
 <p>The Dutch startup Time-Travelling Milkman (TTM), which focuses on plant-based dairy fats, has garnered a funding of EUR 850,000 or approximately USD 920,274. This funding round was led by Alianza Team, and also included substantial contributions from Oost NL, Oterap, and SHIFT Invest.</p>
 <p>TTM plans on utilizing the acquired funds to considerably enhance the production capacity of its offerings, and to ensure the successful market launch of its product, Oleocream. Derived from sunflower seeds, this dairy cream substitute has the potential to replace commonly used substances such as palm and coconut oil in the manufacturing of plant-based dairy items.</p>
 <p>Having started in 2020, TTM applies a unique patented technique to create oleosomes, which are tiny fat globules, from sunflower seeds sourced in Europe. The enterprise’s flagship product, Oleocream, is marketed to be equivalent to conventional dairy cream, while also serving to augment the texture and creaminess of various plant-based dairy items.</p>
 
</div>

Time-Travelling Milkman raises EUR 850,000 in funding to scale production

<div>
 <p>Finnish plant-based egg producer Onego Bio has successfully raised USD 40 million in its Series A funding round. The lead investor in this round is NordicNinja, with significant participation also coming from Tesi, EIT Food, Agronomics, Maki.vc, and Holdix and Turret, among others. In addition to the funds raised, Onego Bio has received USD 10 million in non-dilutive funding from Business Finland.</p>
 <p>The influx of new funding will be channelled into bolstering Onego Bio’s commercialization attempts in North America. This includes plans to scale production capacity and increase the size of its US commercial team. Furthermore, Onego Bio will also be partnering with co-manufacturers to accelerate its market entry process.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Onego Bio uses a combination of precision fermentation and cellular agriculture to develop Bioalbumen (animal-free egg protein). The company is on track to commercialize Bioalbumen in the US with self-affirmed GRAS status and a "no objections letter" from the FDA expected soon.</p>

All Updates