NEXE Innovations Inc NEXNF

News release

[Beluga2020]

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.

[Dunworkin2]

Ash mentioned engagement with other commercial producers in one of his more recent interviews. He talked about that happening later this year. That is why I'm invested here. The Xoma line up is nice I'm sure but I hope they aren't planning on spending too much on in-house coffee production. Maybe they knocked on the big producers doors already and were told to come back in a year

[silkos]

Well investors seem to have been misled. This is not a innovation company after all. Suprise they are in the coffee business where there is no competition and lots of money to be made. This was suppossedly an innovations company not a cofee producer / distributor. Joke is on us, as the only experience on management resumes is in the coffee industry.  About this "Interesting"