NEXE INNOVATIONS INC - NEXNF STOCK NEWS

NEXE Innovations Inc. announced the launch of three new beverages in its XOMA Superfoods line: Keto Cocoa, Matcha Latte, and Turmeric Golden Milk, available in 12 and 48 count packages. These products are designed to offer health benefits while being eco-friendly, packaged in NEXE's fully compostable pods compatible with Keurig® systems. The company emphasizes the convenience of enjoying superfood drinks sustainably. NEXE, a leader in plant-based materials, aims to meet the growing demand for environmentally friendly products, having raised over $60 million to date.

NEXE Innovations Inc. announced the launch of two new premium espresso products, expanding its coffee lineup to meet the growing demand in the US$25 billion single-serve coffee pod market. The new blends, available from October 8, 2021, are packaged in the company's fully compostable NEXE pod, compatible with Nespresso® machines. The espresso blends focus on sustainability, sourcing beans from women-led cooperatives in Sumatra, Peru, and Ethiopia. The company is positioned to capitalize on its innovative products, aiming to reduce environmental impact as over 59 billion coffee pods are consumed annually.

NEXE Innovations Inc. (TSXV: NEXE) announced key operational and financial accomplishments since its IPO on December 18, 2020. The company raised over C$50M in capital, including C$34.5M from a bought-deal financing, and received government grants totaling C$1.3M. NEXE has launched its fully compostable coffee pods for Keurig® and Nespresso® machines, expanded its facility to 20,000 square feet, and filed numerous patent applications. The company is focusing on online sales growth and direct-to-consumer channels while enhancing its manufacturing capabilities, which positions it for increased market share in sustainable products.

NEXE Innovations Inc. has filed its audited financial statements for the year ending May 31, 2021. Key achievements include the successful commercialization of the compostable NEXE Pod and a pilot launch of the compostable Nespresso Original Line capsule. As of May 31, 2021, NEXE holds CAD$50.7 million in cash and CAD$49.5 million in working capital. The company faced a management cease trade order due to delays attributed to transitioning from private to public and COVID-19-related staffing issues, but anticipates its revocation soon.

NEXE Innovations Inc. (NEXNF) announced the launch of its premium espresso pods in the U.S. and Canada on July 29, 2021. The coffee pod market exceeds USD$25 billion, with over 56 billion pods disposed of annually, contributing to landfill issues. NEXE's new compostable pods decompose in as little as 30 days, aligning with the company's commitment to sustainability. The espresso blend features fair-trade beans from Ethiopia, Sumatra, and Peru, promising a rich flavor. Additionally, NEXE is issuing 25,000 shares at a price of $1.02 for services rendered.

NEXE Innovations Inc. (NEXNF) has announced that its Xoma Superfoods product line is now available on Amazon.com and Amazon.ca, enhancing its sales potential significantly. The XOMA brand includes coffee products fortified with MCT oil, as well as mushroom and keto coffee options, all packaged in eco-friendly, compostable pods. The partnership with Amazon is expected to increase brand visibility and sales, supported by marketing efforts from Orca Pacific, a specialized agency for Amazon strategies. Amazon holds a dominant position in the U.S. e-commerce market, which could benefit NEXE's growth.

NEXE Innovations Inc. (NEXNF) announced a partnership with Vejii Holdings Ltd. to sell its XOMA Superfoods line on Vejii's e-commerce marketplace in the U.S. This collaboration aims to enhance NEXE's distribution network, targeting health-conscious consumers seeking plant-based alternatives. NEXE also appointed Ed Duda as the new CFO, replacing Raj Kang, who transitioned the company to a public entity. With over $64M raised in funding, NEXE continues to focus on sustainable, environmentally friendly products.

NEXE Innovations Inc. has signed a non-binding letter of intent with Rritual Superfoods Inc. to form a strategic alliance aimed at combining their strengths in product development. This partnership focuses on innovative adaptogens and fully compostable packaging to enhance customer experience. The initial product will be branded as Rritual Superfoods Pod 'powered by NEXE.' With mass retailers phasing out non-biodegradable pods, this collaboration aims to meet growing consumer demand for sustainable products in the superfood sector.

NEXE Innovations Inc. has successfully installed its proprietary assembly line for the production of fully compostable Nespresso-compatible pods at its Vancouver facility. The assembly line has passed its Site Acceptance Test, confirming its functionality. This marks a significant step towards commercializing the product, expected to launch in early Q3 2021. With a production capacity of 50 million pods, NEXE aims to address the environmental issues related to single-serve capsules, which contribute to over 56 billion capsules ending up in landfills annually.