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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

Comment by johnRaptors01on Apr 21, 2021 7:26pm
119 Views
Post# 33042035

RE:RE:RE:RE:RE:RE:I did say it. Many other MUCH LARGER companies have

RE:RE:RE:RE:RE:RE:I did say it. Many other MUCH LARGER companies have If you guys really want to worry, you should worry about what is Nexe's strategy on cost cutting......For them, you are still looking at somewhere between $1.3 - $2 per cup.......that's quite a lot more expensive that even the Starbucks k-cup <- around $0.8 - $1.00.  If somehow Nexe can cut the cost by 30 - 40%, this thing will go to the moon (not even close).  Feel free to do the math on your own.  :)

Below is the statista report published on Dec 1, 2020

Recent figures show that single-serving coffee brewing machines such as Keurig were the second most popular brewing system after standard drip coffee makers, with 27 percent of American coffee drinkers using them in 2020.

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US Coffee Consumption Statistics

  • 64% of American adults currently consume coffee every day. 
  • An average American drinks 3.1 cups of coffee per day.
  • Americans drink about 400 million cups of coffee every day.
  • Americans drink about 146 billion cups of coffee per year.
 
 
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