ecoBeans initial launch was a success, receiving strong support from retail and office coffee services (OCS) distribution channels
WINDSOR, ON, Dec. 11, 2024 /CNW/ - NEXE Innovations Inc. ("NEXE", the "Company", "we", "us" or "our") (TSXV: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce it has received a second purchase order from ecoBeans Coffee Inc. ("ecoBeans") ahead of schedule as a result of stronger than anticipated demand from the retail and OCS markets. The company expects to complete delivery of this order within the current fiscal quarter.
Nexe Innovations Inc. Logo #compostablecoffeepods #bpi #coffee; BPI certified single-serve coffee pod capsules (CNW Group/Nexe Innovations Inc.)
"We are thrilled with the initial launch of our new product line, which we believe has exceeded expectations," stated Alina Gogoescu, Founder of ecoBeans. We are working with NEXE and expect to expand the product line across additional SKUs.For the OCS channel, we are considering targeting additional regional markets."
The ecoBeans philosophy is about more than just sipping a great cup of coffee; it's about connecting with the earth, opening your heart to new possibilities, and living with intention. With every cup, ecoBeans hopes to inspire people to care for themselves, the planet, and the future. The retail product is available across all Nature's Fare Markets, limited Save on Foods locations, and ecoBeans' e-commerce website (http://www.ecobeans.coffee). The product for the OCS market will be sold directly to businesses and distributed through Thirst First Refreshments Inc., a leader in office coffee located in British Columbia. ecoBeans is based in Vancouver, B.C.
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 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.
