NEXE Innovations Announces Partnership with Bridgehead Coffee
NEXE Innovations has announced a partnership with Bridgehead Coffee, a Canadian coffee company with 17 coffeehouses in Ontario. Bridgehead has transitioned to NEXE's BPI-certified compostable coffee pods from their previous soft-bottom pods, with an initial delivery including two SKUs: Centro House and Bytown Boom. Bridgehead, which generated $16.4 million in sales for 2023, distributes through major retailers including Costco, Whole Foods Market, Sobey's, and Farm Boy. The company was recently acquired by Pilot Coffee Group of Companies in early 2024.
NEXE Innovations ha annunciato una partnership con Bridgehead Coffee, un'azienda canadese di caffè con 17 caffetterie in Ontario. Bridgehead ha effettuato la transizione verso le capsule di caffè compostabili certificate BPI di NEXE, abbandonando le precedenti capsule a fondo morbido, con una consegna iniziale che include due SKU: Centro House e Bytown Boom. Bridgehead, che ha generato 16,4 milioni di dollari di vendite nel 2023, distribuisce attraverso importanti dettaglianti come Costco, Whole Foods Market, Sobey's e Farm Boy. L'azienda è stata recentemente acquisita dal Pilot Coffee Group of Companies all'inizio del 2024.
NEXE Innovations ha anunciado una asociación con Bridgehead Coffee, una empresa canadiense de café con 17 cafeterías en Ontario. Bridgehead ha realizado la transición a las cápsulas de café compostables certificadas por BPI de NEXE, dejando atrás sus cápsulas de fondo blando anteriores, con una entrega inicial que incluye dos SKU: Centro House y Bytown Boom. Bridgehead, que generó 16,4 millones de dólares en ventas para 2023, distribuye a través de grandes minoristas como Costco, Whole Foods Market, Sobey's y Farm Boy. La empresa fue adquirida recientemente por Pilot Coffee Group of Companies a principios de 2024.
NEXE Innovations는 17개의 커피 하우스가 있는 온타리오의 캐나다 커피 회사인 Bridgehead Coffee와 파트너십을 발표했습니다. Bridgehead는 이전의 부드러운 바닥 캡슐에서 NEXE의 BPI 인증 퇴비화 커피 캡슐로 전환하였으며, 초기 배송에는 Centro House 및 Bytown Boom의 두 SKU가 포함되어 있습니다. Bridgehead는 2023년에 1,640만 달러의 매출을 기록하였으며, Costco, Whole Foods Market, Sobey's 및 Farm Boy와 같은 주요 소매점을 통해 유통됩니다. 이 회사는 2024년 초에 Pilot Coffee Group of Companies에 의해 최근 인수되었습니다.
NEXE Innovations a annoncé un partenariat avec Bridgehead Coffee, une entreprise canadienne de café qui possède 17 cafés en Ontario. Bridgehead a opté pour les capsules de café compostables certifiées BPI de NEXE, abandonnant ses précédentes capsules à fond souple, avec une première livraison comprenant deux SKU : Centro House et Bytown Boom. Bridgehead, qui a généré 16,4 millions de dollars de ventes en 2023, distribue à travers des détaillants majeurs tels que Costco, Whole Foods Market, Sobey's et Farm Boy. L'entreprise a été récemment acquise par Pilot Coffee Group of Companies au début de 2024.
NEXE Innovations hat eine Partnerschaft mit Bridgehead Coffee, einem kanadischen Kaffeekonzerne mit 17 Kaffeegeschäften in Ontario, angekündigt. Bridgehead hat auf die BPI-zertifizierten kompostierbaren Kaffeekapseln von NEXE umgestellt, nachdem die vorherigen Kapseln mit weichem Boden aufgegeben wurden, und die erste Lieferung umfasst zwei SKUs: Centro House und Bytown Boom. Bridgehead, das 2023 einen Umsatz von 16,4 Millionen Dollar erzielte, vertreibt über große Einzelhändler wie Costco, Whole Foods Market, Sobey's und Farm Boy. Das Unternehmen wurde Anfang 2024 von Pilot Coffee Group of Companies übernommen.
- Partnership with established retailer Bridgehead Coffee, providing access to major distribution channels (Costco, Whole Foods, Sobey's)
- Immediate revenue generation through initial two-SKU delivery
- Access to Bridgehead's $16.4M annual sales network
- None.
NEXE's BPI-certified compostable coffee pods are expected to provide Bridgehead with an opportunity to further expand into the single-serve coffee market while staying true to its sustainability commitment
Previously, Bridgehead offered compostable soft-bottom coffee pods to its customers but has decided to transition to NEXE's BPI-certified compostable coffee pods. The initial delivery includes two SKUs from their coffee line (Centro House and Bytown Boom), which they also sell in bag versions.
Bridgehead was one of the first coffeehouses in
"NEXE is excited to partner with Bridgehead, not only to provide what we believe is a superior compostable coffee pod solution but also to leverage their well-established customer distribution channels, expanding the reach of our innovative products to a broader audience, stated Ash Guglani, President of NEXE Innovations, "The teams are working closely to build a successful long-term partnership and create a more sustainable future in the North American coffee industry."
Bridgehead was previously owned by a publicly traded company, Aegis Brands Inc., and generated
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1 Aegis Brands, 2023 Management's Discussion and Analysis, page 10 (https://aegisbrands.ca/investor-relations/financial-results/) |
About NEXE Innovations Inc.
NEXE Innovations is focused on providing innovative compostable material solutions and packaging to the B2B segment to help businesses achieve their sustainability goals. NEXE Innovations has developed a proprietary and patented compostable material that can withstand heat, pressure, and water. Our flagship product, the NEXE Pod, a BPI-certified compostable coffee pod, showcases our material's durability and is an ideal substitute for plastic. The NEXE pod is compatible with major coffee brewing machines and is manufactured at NEXE's vertically integrated facility based in
On behalf of the Company:
Ash Guglani
President & Director
For investor relations contact:
Kam Mangat
VP, Investor Relations & Corporate Strategy
invest@nexeinnovations.com
Office +1-604-359-4725
Mobile +1-604-359-4742
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this release are forward-looking statements or information, which include, but are not limited to, statements in respect of the Company's partnership with Bridgehead. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, the Company's ability to execute on its business strategy and those risks set out in the Company's management's discussion and analysis for year ended May 31, 2024 under the headings "Risk and Uncertainties". Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include receipt of necessary approvals and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Nexe Innovations Inc.
FAQ
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