NEXE INNOVATIONS INC - NEXNF STOCK NEWS

NEXE Innovations Inc. (TSXV: NEXE, OTC: NEXNF) announced key corporate governance updates as it prepares for its first anniversary on TSXV. Graham Gilley has been appointed Lead Independent Director, and a Compensation Committee of independent directors has been formed. Additionally, CFO Ed Duda will resign effective January 17, 2022, due to outside opportunities, prompting a search for a successor. NEXE emphasizes its commitment to best practices in corporate governance despite not being mandated by securities regulations.

NEXE Innovations Inc. (NEXNF) announced a partnership with ECS Coffee for the distribution of its NEXE Coffee and XOMA Superfoods beverages, set to launch in December 2021. This collaboration aims to enhance NEXE's online visibility and customer reach in Canada, addressing the growing demand for sustainable coffee options. NEXE's pods are unique as they are fully compostable, reducing environmental waste associated with traditional coffee pods. The single-serve coffee pod market is estimated at US$25.07 billion with a projected CAGR of 7.07% from 2021-2026.

NEXE Innovations Inc. has announced that its XOMA Superfoods product line is now listed on Walmart.ca, enhancing its distribution reach across Canada. The product range, which includes nutrient-rich beverages packaged in fully compostable pods, is aimed at providing convenient, plant-based options for consumers. As part of its growth strategy, NEXE aims to leverage insights from this launch to inform future product development. The XOMA line includes five beverages designed for health-conscious consumers, compatible with Keurig single-serve systems. The partnership with Walmart signals confidence in NEXE's sustainability efforts.

NEXE Innovations Inc. (TSXV: NEXE, OTC: NEXNF) will present its product lines, NEXE Coffee and XOMA Superfoods, at the Planted Expo 2021 in Vancouver on November 20-21. Visitors can find NEXE Coffee at booth 712 and XOMA Superfoods at booth 710. The event showcases over 200 vegan businesses and features prominent speakers. NEXE's 100% plant-based coffee pods decompose in municipal composting facilities within 35 days, highlighting the company's commitment to sustainability. NEXE has raised over $60M and focuses on environmentally friendly single-serve coffee solutions.

NEXE Innovations Inc. (TSXV: NEXE) has announced retail distribution for its XOMA Superfoods beverages at 78 London Drugs locations in Canada, set to launch in January 2022. This move marks a significant expansion beyond e-commerce for NEXE, allowing it to provide sustainably packaged single-serve options. The XOMA Superfoods line includes Keto Cocoa, Matcha Latte, and Turmeric Golden Milk, all designed for easy integration into plant-based diets. The superfood market is projected to reach $209.1 billion by 2026, indicating strong growth potential for NEXE.

NEXE Innovations Inc. has partnered with Crew Marketing Partners to boost online sales of its patented fully compostable coffee pods compatible with Keurig systems. This collaboration aims to enhance brand awareness and drive consumer engagement through targeted digital campaigns. Crew Marketing has a strong track record with consumer packaged goods, and with an estimated market of US$25.07 billion by 2026, NEXE is well-positioned to capture market share. The compostable pods, developed after six years of research, can decompose in 30-35 days, addressing significant waste concerns in the coffee pod market.

NEXE Innovations has successfully completed a Factory Acceptance Test (FAT) for its high-speed dosing machine, which will enhance its production capacity to over 50 million annual Keurig® compatible pods. The FAT, conducted on October 26, 2021, demonstrated a capacity of 200 capsules per minute and mechanical efficiency exceeding 93%. The first of two machines ordered in February 2020 is expected to arrive in November 2021, with a Site Acceptance Test following shortly. NEXE aims to reach a capacity of over 100 million pods annually by early 2022.

NEXE Innovations Inc. has terminated its investor relations agreements with Electrik Dojo and Gold Standard Media due to the inability to gain TSX Venture Exchange approval. The Company paid Electrik Dojo a total of $770,000 for its services, while Gold Standard Media received $350,000. NEXE has also requested reimbursement of CDN $44,109 for unearned fees. The Company is exploring other third-party service providers for brand and product awareness, pending TSX approval. NEXE is focused on its plant-based, compostable technology, particularly in the single-serve coffee sector.

NEXE Innovations Inc. (TSXV: NEXE) has launched its fully compostable coffee pods compatible with Keurig® machines, available at nexecoffee.com. After over six years of R&D, these pods break down in about 35 days in composting facilities. The new coffee blends use certified organic beans from Peru and are available in medium, medium-dark, and dark roasts. NEXE has raised over $60 million to date and aims to address environmental concerns within the single-serve coffee market.