VANCOUVER, BRITISH COLUMBIA – March 31, 2021 – NEXE Innovations Inc. (TSXV:NEXE) (“NEXE” or the “Company”), a leader in plant-based materials manufacturing, is pleased to announce that the company is on track to launch its Xoma Superfoods store on April 6, featuring its XOMA Coffee Fortified with MCT.
The Company’s second formulation, Mindful Mushroom, will be available to order in the store on the week of April 11. Mindful Mushroom is a dark roast coffee fortified with chaga, cordyceps and lion’s mane. Mushroom-fortified products are growing in popularity and are a source of fibre, protein and antioxidants also known to have a host of health benefits.
The eCommerce store will offer Xoma Superfoods coffee products packaged in NEXE’s fully-compostable, plant-based capsules, which are compatible with Keurig single-serve coffee brewing systems. Each will be available in 12-count packages.
The Company’s initial pilot launch of its XOMA Coffee Fortified with MCT featuring 3-count packages of the product sold out within 24 hours.
“We have received a significant amount of interest not only in these coffee products themselves, but also great interest in a subscription model for the products,” said Ash Guglani, President of NEXE. “Consumers are focused on incorporating products into their lives that can support their health, now more than ever, as well as the health of the environment. We are making this as convenient as possible with our Xoma products. A subscription model makes this even easier for our customers, so they have one less thing to remember to shop for.”
Order Xoma in Canada: xoma.ca
Order Xoma in the U.S.: xomasuperfoods.com
XOMA Operations Inc. is a subsidiary of NEXE Innovations Inc. Xoma Superfoods produces and distributes high-quality coffee and superfood creamers packaged exclusively in single-serve, fully compostable, plant-based pods.
About NEXE Innovations Inc.
NEXE Innovations Inc. is a leader in plant-based compostable technology and advanced materials manufacturing based in British Columbia, Canada. The company has developed one of the only patented, fully compostable, plant-based, single-serve coffee pods for use in leading single-serve coffee machines. The proprietary NEXE pod is designed to reduce the significant environmental impact caused by single-serve pods, >40 billion of which are discarded every year. With over $30M raised to date from equity and government funding and over five years of R&D, NEXE is well-positioned to meet the growing demand for environmentally friendly and sustainable products in the single-serve coffee sector and beyond.
For additional information, please contact:
Ash Guglani, President and Director
Kelsey Letham, Investor Relations at 604-359-4731
or visit: nexeinnovations.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this release are forward-looking statements or information, which include the proposed use of proceeds, commercialization of the NEXE PODs, including the NEXE Nespresso Compatible Pod, increase production capacity, demand and/or sales of its products, create other environmentally friendly compostable packaging opportunities, development of technologies, the potential of the Company’s technology, future plans, regulatory approvals and other matters. 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, business, economic and capital market conditions, the ability to manage operating expenses, consumer demand for and sentiment towards the Company’s products, security threats, and dependence on key personnel. 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, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, litigation, increase in operating costs, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, competition, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, 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.