Mr. Billy Hogan reports

NEPRA FOODS ADVANCES PLANNED ACQUISITION OF IDAHO BEVERAGE MANUFACTURING OPERATIONS FOLLOWING PORT OF LEWISTON APPROVAL

The Port of Lewiston board of commissioners has approved the assignment of the lease associated with Nepra Foods Inc.'s previously announced on April 30, 2026, planned acquisition of the Artesian Fusion beverage manufacturing operations in Lewiston, Idaho.

Effective July 14, 2026, the Port of Lewiston, Millennium Trust LLC, and Nepra Foods executed a consent to assignment of lease, completing the final significant municipal approval required in connection with the proposed transfer of the lease. The completed assignment enables the parties to proceed toward execution of the acquisition agreements and satisfaction with the remaining customary closing conditions. This approval represents another completed milestone in Nepra's previously announced acquisition strategy.

Continuing execution of the acquisition

Since announcing its intention to acquire the Lewiston beverage manufacturing assets on April 30, 2026, Nepra has completed due diligence, participated in the port's review process, and worked collaboratively with the seller and the Port of Lewiston to satisfy the requirements necessary for assignment of the existing lease.

As part of that process, Nepra's management team presented its long-term operating plans before the Port of Lewiston board of commissioners on July 8, 2026, outlining the company's intention to invest in the facility, support manufacturing employment and become an active participant in the Lewiston business community.

The company believes that each completed milestone reduces uncertainty surrounding the proposed acquisition while providing greater visibility into the remaining steps required before closing.

Manufacturing operations

The assigned lease encompasses approximately 3.88 acres within the Harry Wall Industrial Park in Lewiston, Idaho, and includes contractual rights that provide the opportunity to negotiate the future purchase of the underlying property.

Subject to completion of the proposed acquisition, Nepra intends to utilize the facility to manufacture aluminum bottled water, functional beverages and products for third party customers. Management believes ownership of beverage manufacturing assets will complement the company's growth and transition.

Pacific Northwest location

The Lewiston facility is located within the Inland Pacific Northwest with access to established regional distribution networks serving Washington, Oregon, Idaho, Montana and surrounding markets. The company believes the location supports efficient regional manufacturing and distribution while providing capacity for future customer relationships.

Transaction highlights:

• Port of Lewiston board of commissioners approved the lease assignment;
• Consent to assignment of lease executed effective July 14, 2026;
• Final significant municipal approval completed in support of the previously announced acquisition;
• Approximately 3.88-acre industrial property located within the Harry Wall Industrial Park;
• Existing lease includes contractual rights to negotiate a future purchase of the property;
• Parties will now proceed toward execution of the acquisition agreements and customary closing conditions.

Billy Hogan, chief executive officer of Nepra Foods, commented: "We appreciate the thoughtful review conducted throughout the assignment process and the opportunity to present our long-term plans for the facility to the commissioners. Our team remains focused on completing the remaining steps required to close the transaction."

Looking ahead

With the lease assignment complete, the company is focused on completing the remaining transaction documentation and progressing toward closing of the previously announced acquisition, subject to customary closing conditions. Nepra intends to provide additional updates as material milestones are achieved.

About Nepra Foods Inc.

Nepra Foods is a vertically integrated food and beverage company focused on specialty ingredients, functional nutrition and scalable wellness infrastructure. Through a portfolio of proprietary products, manufacturing capabilities and strategic partnerships, the company develops and supports consumer brands across multiple health and wellness categories. Nepra is pursuing a vertical integration strategy designed to expand operational capabilities, diversify revenue streams and support long-term growth.

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