NEXE Innovations Completes Delivery of Previously Announced Purchase Order to ecoBeans Coffee
Rhea-AI Summary
NEXE Innovations (NEXNF) has successfully completed its delivery to ecoBeans Coffee, fulfilling the purchase order announced on December 11, 2024. ecoBeans continues to gain positive market traction, particularly in retail and office coffee services (OCS) distribution channels.
ecoBeans' products are currently available at all Nature's Fare Markets, select Save-On-Foods locations, and through their e-commerce platform. In the office coffee service market, their products are distributed by Thirst First Refreshments Inc. in British Columbia.
According to Alina Gogoescu, Founder of ecoBeans, the company is experiencing strong reception both in offices and homes, as employees share the product with their families and friends.
Positive
- Successful completion of purchase order delivery to ecoBeans Coffee
- Expanding retail presence across multiple distribution channels
- Growing adoption in office coffee services market
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, NEXNF gained 11.15%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
ecoBeans continues to experience positive response to its recent launch, and is focused on growing its support from retail and office coffee services (OCS) distribution channels
"It's incredible to see the positive reception and how ecoBeans Coffee is connecting with people, not just in offices but in their homes, as employees share it with their families and friends," stated Alina Gogoescu, Founder of ecoBeans, "This overwhelming positive response highlights the quality of our coffee, and we're grateful to NEXE Innovations for supporting our efforts to deliver a sustainable and enjoyable coffee experience."
To explore ecoBeans Official Website: Visit Here
ecoBeans is committed to more than providing an exceptional coffee experience—it's about fostering a connection with the earth, encouraging mindful living, and inspiring sustainability. Their retail products are available at all Nature's Fare Markets, select Save-On-Foods locations, and through their e-commerce platform (http://www.ecobeans.coffee). For the office coffee service market, ecoBeans products are distributed directly to businesses by Thirst First Refreshments Inc., an office coffee supplier in
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
For media relations contact: media@nexeinnovations.com
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 ecoBeans. 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
When did NEXE Innovations (NEXNF) complete its delivery to ecoBeans Coffee?
Where can consumers purchase ecoBeans Coffee products that use NEXNF pods?
Who distributes ecoBeans Coffee products to offices in British Columbia?
What was the market response to NEXNF's partnership with ecoBeans Coffee?
