VANCOUVER, BC, October 6, 2021 / PRNewswire / – NEXE Innovations Inc. (“NEXE” or the “Company”) (TSXV: NEXE) (OTC Markets: NEXNF) (Frankfurt: NX5), a leading manufacturer of plant-based materials, is pleased to announce the addition of a second and a third premium espresso produced in its range. These two additional coffee products will be launched on October 8, 2021, in the United States and Canada To nexecoffee.com.
NEXE coffee is packaged exclusively in the exclusive property of the Company, manufactured in North America, single-use, fully compostable, plant-based NEXE pod. The pods in this product line are compatible with popular Nespresso® OriginalLine machines. The two new coffees are available in packs of 10, 20 or 30 pods.
“We are very proud of these two new coffee products that will help us serve more than US $ 25 billion market for individual coffee pods.1 Coffee continues to be our primary focus and we are very excited to add more coffee SKUs to our product line, ”said Ash Guglani, President of NEXE Innovations. “As autumn dawns, we are ready to offer our customers a great tasting and hassle-free, zero-waste experience to start their working day, their school day or simply to enjoy a premium experience. at home.”
New NEXE espresso blends:
- Medium Roast Espresso Blend: Full-bodied and smooth, NEXE Medium Roast Espresso is a blend of high quality, certified organic beans, roasted in small batches. The Company works with cooperatives led by women in Sumatra to source sustainably grown beans, as well as from producers of Peru and Ethiopia.
- French roast espresso blend: Grown in the rugged mountain jungles of Sumatra, NEXE’s French roast has a clean, juicy body, with notes of lemon-lime, cocoa, pipe tobacco, light ginger and a long finish. Certified organic beans are grown, harvested, hand-sorted and wet-shelled by a cooperative led by women.
“We have chosen our partners with values that reflect our own, for their sustainable social and environmental practices, as well as for their excellent coffee,” added Ash Guglani. “The beans are ground and packaged in our facility and sealed for freshness in our NEXE pod.”
It took over six years of research and development to create the NEXE module. These pods can decompose in as little as 30 days in a municipal composting facility. This is similar to the time it takes for an apple core to break down.
Over 59 billion coffee pods are consumed each year and around 56 billion individual pods are landfilled.2 Standard coffee pods can take hundreds of years to decompose and can leave traces of contamination and microplastics. Recyclable pods often contain non-recyclable plastic and aluminum, making them less likely to be recycled properly or not at all.
These two new products complete NEXE’s first espresso made from three hand-selected Ethiopians, Sumatra, and Peruvian beans. The premium blend has a well-balanced exotic flavor, a sweet aroma of brown sugar, vanilla and honey, and a clean, smooth, juicy medium body.
* NEXE Innovations, Inc. is not affiliated with, endorsed or sponsored by Nespresso®. Nespresso® is a registered trademark of Société des Produits Nestlé SA
Management cessation order
With regard to the management cease trade order (MCTO) which was announced on September 29, 2021, the British Columbia Securities Commission issued a revocation order on October 1, 2021, since the Company’s audited financial statements, the management report and the associated officers’ certificates have been filed with the applicable securities commissions and are available at www.sedar.com.
About NEXE Innovations Inc.
NEXE Innovations Inc. is a leader in plant-based compostable technology and the manufacture of advanced materials based on British Columbia, Canada. The company has developed one of the only patented, fully compostable, plant-based single-use coffee pods for use in leading single-use coffee machines. The exclusive NEXE pod is designed to reduce the significant environmental impact caused by single-use pods, of which more than 50 billion are thrown away each year. With over $ 60 million Raised to date with private and public funds and more than six 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. Learn more about https://nexeinnovations.com/investors/.
ON BEHALF OF THE BOARD OF DIRECTORS NEXE INNOVATIONS INC.
s / “Ash Guglani”
Ash guglani, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution regarding forward-looking statements
Certain statements in this release are forward-looking statements or information, which include the launch of NEXE’s new coffee blends, the ability to create further opportunities for environmentally friendly compostable packaging, the development of technologies, the potential the Company’s technology, future plans, regulatory approvals, and other matters. Forward-looking statements consist of statements which are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forward-looking terms such as “will”, “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or this or similar variations. The reader is cautioned that the 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 expected, due to many known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, including, but not limited to. ” limit, the and conditions of the capital market, the ability to manage operating expenses, demand and consumer sentiment towards the Company’s products, security threats and dependence on personnel key. These statements and information are based on numerous assumptions about current and future business strategies and the environment in which the Company will operate in the future, including demand for its products, anticipated costs and the ability to meet objectives. Factors that could cause actual results to differ materially from those of forward-looking statements include failure to obtain regulatory approval, continued availability of capital and financing, equipment failure, litigation, increase operating costs, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, competition, non-compliance by counterparties with their contractual obligations, government regulations, loss employees and key consultants and general economic, market or business conditions. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on forward-looking information. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Nexe Innovations Inc.