VANCOUVER, BRITISH COLUMBIA – April 7, 2022 – NEXE Innovations Inc. (“NEXE” or the “Company”), (TSXV: NEXE) (OTC Markets:NEXNF) (Frankfurt:NX5), a leader in plant-based materials science and advanced manufacturing technologies, is pleased to announce that it has received an initial order of XOMA Superfoods from Canada’s leading distributor of natural health products, Purity Life Health Products LP (“Purity”).
“We are excited to be working with Purity, a leader in the personal health and wellness space,” said Ash Guglani, President and Director of NEXE. “As an organisation dedicated to improving the lives of Canadians, Purity is the perfect distributor for our line of XOMA Superfoods products, a curated collection of functional superfood beverages. This order is just the beginning; thanks to this distribution channel, consumers will soon be able to purchase our products at thousands of retail locations across Canada.”
Purity has been supplying Canada with high quality natural healthy living products for nearly 40 years. From their distribution hubs in western and eastern Canada, Purity supplies over 7,000 stores, making them the largest distributor of supplements and health and beauty products in the country. Purity supplies all the major retailers in Canada, including Whole Foods, Loblaws, and Sobeys, and has been a major factor in the success of many household natural health product brands.
The XOMA Superfoods family of functional beverage products include Cocoa Keto, MCT Coffee, Keto Coffee, Matcha Latte, and Turmeric Latte. XOMA Superfoods is compatible with Keurig® single-serve brewing systems and is packaged in the fully-compostable and proprietary NEXE Pod, which means that you don’t have to choose between doing what’s right for your body and what’s right for the planet.
“This order represents only the latest step in our ongoing sales strategy,” said Guglani. “Between our existing brick and mortar and online sales channels, and the market access that Purity gives us, we look forward to XOMA Superfoods becoming the product of choice for the health and environmentally-conscious consumer.”
*NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Keurig®. Keurig® is a registered trademark of Keurig Dr Pepper Inc.
**NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Nespresso®. Nespresso® is a registered trademark of Société des Produits Nestlé S.A.
About NEXE Coffee
NEXE Coffee is a subsidiary of NEXE Innovations and produces and distributes high-quality coffee packaged in single-serve, fully compostable, plant-based Keurig® and Nespresso® OriginalLine compatible pods.
About XOMA Superfoods
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 existing major single-serve coffee machines. The proprietary NEXE Pod is designed to reduce the significant environmental impact caused by single-serve pods (+40 billion plastic pods discarded every year). With over $30M raised (equity and government funding) to date 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.
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 terms of the Options 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, the ability of the Company to abide by the terms of the Options. 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.
For further information: Ash Guglani, President and Director, or Kelsey Letham, Investor Relations, at 604-359-4731, or visitnexeinnovations.com