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NEXE Innovations Inc NEXNF


Primary Symbol: V.NEXE

NEXE Innovations Inc. is a Canada-based company, which operates as a manufacturer of fully compostable materials. The Company is focused on providing compostable material solutions and packaging to the business-to-business (B2B) segment to help businesses achieve their sustainability goals. It designs, manufactures, and commercializes fully compostable materials for everyday consumer product. It has developed a proprietary and patented compostable material that can withstand heat, pressure, and water. The Company's flagship product is its BPI-certified compostable single-serve beverage pods that are compatible with single-serve coffee-format machines (the NEXE Pods). The NEXE pod is compatible with major coffee brewing machines and is manufactured at the Company's vertically integrated facility based in North America. It provides compostable solutions for a variety of uses and products, including tea, yogurt cups, cosmetic, and pharma containers.


TSXV:NEXE - Post by User

Post by Dunworkin2on Feb 08, 2021 6:32am
172 Views
Post# 32498344

Sold out

Sold out

NEXE Innovations Inc. ("NEXE" or the "Company") (TSXV: NEXE), is pleased to announce that the XOMA Superfoods online store, which the Company just opened to the public on February 5th, has completely sold out of its initial inventory of its proprietary pods under the pilot launch.

XOMA Superfoods, with its initial Micro-Ground Soluble Coffee with medium-chain triglycerides (MCT) oil offering, is the first commercial product released by NEXE.

President Ash Guglani stated, "We are extremely pleased that our first commercial offering has completely sold out in such a short period of time. Although this is a pilot program for the Company to better grasp the dynamics involved with operating an online store, we are blown away by the interest that we have received for our XOMA Superfoods launch. This has validated our thesis of combining coffee with superfoods, namely, MCT oil in this case, encapsulated in our fully compostable and proprietary pod. We are now faced with the great problem of not only delivering more coffee and MCT-filled pods to the market but also expanding out our superfoods portfolio."

NEXE Innovations kindly thanks all of its customers for their purchases and looks forward to releasing additional coffee and MCT-filled pods as well as providing more superfoods SKUS to its lineup.

 
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