NEXE Innovations Inc V.NEXE

Alternate Symbol(s): NEXNF

Forest Products Paper & Paper Products

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

NEXE Innovations Inc > 37% of Market Cap is in Cash $$

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Comment by silkoson May 05, 2021 4:40pm

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Post# 33134468

RE:37% of Market Cap is in Cash $$

It makes you wonder what is it about that financing deal that is not public yet?

I hope this company is not going to be the next DYA holding international paterns while showing almost no sales, continous expansion in emerging markets and loses for years.

I don't expect news every month, but dang it you can't have the company thrive on coffee sold on Amazon.

alhiemstra wrote: With a strong balance sheet and over $50 million in cash, we plan to be very active in increasing production capacity, developing new products and carrying out strategic acquisitions."

How could there be STRONG demand at $2 Financing and NO demand at less than $1.40 ?

Whoever ?? bought 17,000,000 Financing at $2 from underwriters led by Canaccord Genuity must be impressed how they were misled and lack of price support !