NEXE is focused on growing sustainable recurring revenues with its partners to expand its coffee segment while simultaneously pursuing opportunities to enter new high growth markets
Bridgehead Coffee fully compostable pods
WINDSOR, Ontario, Feb. 19, 2025 (GLOBE NEWSWIRE) -- NEXE Innovations Inc. ("NEXE", the "Company", "we", "us" or "our") (TSX.V: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce that it has made a third delivery to Bridgehead Coffee ("Bridgehead"), for its recent purchase order made at the end of January.
Bridgehead, a proudly Canadian-owned business with a rich 40-year history, has embraced NEXE’s proprietary compostable technology to enhance its product offerings. Under the previously announced two-year master manufacturing agreement established in December 2024, NEXE is currently supplying Bridgehead with its popular coffee blends, Centro House and Bytown Boom, in fully compostable pods. These blends are now available at select Farm Boy retail locations and online through Bridgehead’s website: https://www.bridgehead.ca/.
“We are thrilled with the traction Bridgehead is gaining with NEXE’s BPI-certified compostable coffee pods,” said Ash Guglani, President of NEXE Innovations. “Our goal is to build strong partnerships to support the growth of our coffee segment. We believe the coffee segment will remain an important part of our operations as we seek to build momentum and explore opportunities for investment in new sustainable products and markets.”
Bridgehead was one of the first coffeehouses in Canada to serve Fairtrade and Organic coffee. Bridgehead operates 18 coffeehouses in Ontario and is a wholesale partner with retail and grocery chains, including Costco, Whole Foods Market, Longo's, and Farm Boy.
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 North America. Discover our innovative approach to sustainability at www.nexeinnovations.com and join our journey on social media @nexeinnovations. #compostablecoffeepods #sustainability #greentech
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 NEXE’s third delivery to Bridgehead the increasing market for NEXE's BPI-certified compostable coffee pods, NEXE's expansion into new sustainable products and markets and potential new revenue streams. 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.
