VANCOUVER, B.C., June 3, 2021 – NEXE Innovations Inc. (“NEXE” or the “Company”) (TSXV: NEXE; OTC Markets: NEXNF; Frankfurt: NX5), is pleased to announce that the Company’s popular Xoma Superfoods product line is now available on both Amazon.com and Amazon.ca e-commerce marketplaces, in the U.S. and Canada.
XOMA Superfoods is NEXE’s in-house superfoods brand featuring:
- XOMA Coffee Fortified with MCT (medium-chain triglycerides) made from virgin coconut oil.
- XOMA Mushroom Coffee: with chaga, cordyceps and lion’s mane mushrooms.
- XOMA Keto Coffee: with quality fats and MCT oil, flavoured with hints of cocoa.
All Xoma Superfoods products are packaged in NEXE’s single-serve, fully compostable, plant-based beverage pods that can be used with Keurig’s single-serve brewing systems.
“NEXE is delighted with the Amazon affiliation,” said Darren Footz, CEO of NEXE. “Amazon is the largest e-commerce platform in the world, and will allow us to greatly expand our sales, brand presence, and market reach. We are excited about the sales exposure that our listing on Amazon’s Grocery and Gourmet Food section will bring to our XOMA line.”
As previously announced on April 15, NEXE has engaged Orca Pacific , a full service marketing agency specialized in Amazon sales strategies. Orca Pacific is an organization comprised of former Amazonians and top retail industry experts that use a combination of know-how and machine learning software to develop and implement custom Amazon strategies to drive sustainable top-line growth.
According to Statista, Amazon.com accounts for 45% of the U.S. e-commerce market, with its Marketplace sellers list offering up to 350 million items. Amazon records an average of $4,722 in sales every second, or approximately $17 million in sales per hour. eMarketer reported that U.S. eCommerce sales will reach $794.5 billion this year, up 32.4% from 2020.2
Partnering with e-commerce leaders including Amazon and Vejii will complement NEXE’s direct-to-consumer sales on its Xoma Superfoods website, www.xomasuperfoods.com.
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the exciting programs pioneered by Amazon.
About XOMA Superfoods
XOMA Operations Inc. is a wholly owned 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.
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, over 40 billion are discarded every year. With over $64M 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.
ON BEHALF OF THE BOARD OF DIRECTORS NEXE INNOVATIONS INC.
s/ “Darren Footz”
Darren Footz, Chairman and CEO
For additional information, please contact:
Ash Guglani, President and Director at 604-359-4725
Kelsey Letham, Investor Relations at 604-359-4731
or visit: nexeinnovations.com
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 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.