News release Not too happy with the following statements:
"The XOMA eCommerce store launched one week ago on April 6th , offering its first product, XOMA Coffee Fortified with MCT, for which demand has been substantial".
Can they be anymore vague? Substantial can mean something different to different stakeholders. Production or sale sale #s would go a long way.
"NEXE recently secured $34.5M in financing, giving the Company a total of approximately $52M in cash, with which it intends to dedicate substantial resources to becoming a leader in the global superfoods market"
I don't think this is the direction most investors were hoping for. Use the funds to develop and market other plant based products. Trying to compete as a coffee company?! The fully compostable pod appears to be a secondary priority in their strategy. In my opinion, the management team is inexperienced and in over their heads.