NEXE Innovations Makes Third Delivery to Bridgehead Coffee

Rhea-AI Summary

NEXE Innovations (NEXNF) has completed its third delivery to Bridgehead Coffee under their two-year master manufacturing agreement established in December 2024. The company is supplying Bridgehead with its Centro House and Bytown Boom coffee blends in fully compostable pods, which are now available at select Farm Boy retail locations and through Bridgehead's website.

Bridgehead, a Canadian-owned business with a 40-year history and one of the first coffeehouses in Canada to serve Fairtrade and Organic coffee, operates 18 coffeehouses in Ontario and partners with major retail chains including Costco, Whole Foods Market, Longo's, and Farm Boy. NEXE aims to grow sustainable recurring revenues in its coffee segment while exploring opportunities in new sustainable products and markets.

Positive

• Secured ongoing deliveries under two-year manufacturing agreement with Bridgehead Coffee
• Products now available through multiple retail channels including major chains
• Expanding distribution network through established retail partner

Negative

• None.

NEXE is focused on growing sustainable recurring revenues with its partners to expand its coffee segment while simultaneously pursuing opportunities to enter new high growth markets

WINDSOR, Ontario, Feb. 19, 2025 (GLOBE NEWSWIRE) -- NEXE Innovations Inc. ("NEXE", the "Company", "we", "us" or "our") (TSX.V: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce that it has made a third delivery to Bridgehead Coffee ("Bridgehead"), for its recent purchase order made at the end of January.

Bridgehead, a proudly Canadian-owned business with a rich 40-year history, has embraced NEXE’s proprietary compostable technology to enhance its product offerings. Under the previously announced two-year master manufacturing agreement established in December 2024, NEXE is currently supplying Bridgehead with its popular coffee blends, Centro House and Bytown Boom, in fully compostable pods. These blends are now available at select Farm Boy retail locations and online through Bridgehead’s website: https://www.bridgehead.ca/.

“We are thrilled with the traction Bridgehead is gaining with NEXE’s BPI-certified compostable coffee pods,” said Ash Guglani, President of NEXE Innovations. “Our goal is to build strong partnerships to support the growth of our coffee segment. We believe the coffee segment will remain an important part of our operations as we seek to build momentum and explore opportunities for investment in new sustainable products and markets.”

View here: NEXE Innovations Production of Bridgehead Fully Compostable Coffee Pods

Bridgehead was one of the first coffeehouses in Canada to serve Fairtrade and Organic coffee. Bridgehead operates 18 coffeehouses in Ontario and is a wholesale partner with retail and grocery chains, including Costco, Whole Foods Market, Longo's, and Farm Boy.

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

For media relations contact: media@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, but are not limited to, statements in respect of NEXE’s third delivery to Bridgehead the increasing market for NEXE's BPI-certified compostable coffee pods, NEXE's expansion into new sustainable products and markets and potential new revenue streams. 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.

A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/7fbcfcfb-bbc7-4fa0-8e64-e3c79ecf2150

FAQ

What is the duration of NEXE Innovations' (NEXNF) manufacturing agreement with Bridgehead Coffee?

NEXE Innovations has a two-year master manufacturing agreement with Bridgehead Coffee, established in December 2024.

Which Bridgehead coffee blends are available in NEXE's compostable pods?

NEXE produces Centro House and Bytown Boom coffee blends in their compostable pods for Bridgehead.

Where can consumers purchase NEXE's compostable coffee pods for Bridgehead?

The compostable coffee pods are available at select Farm Boy retail locations and through Bridgehead's website.

What major retail chains carry Bridgehead products with NEXNF's compostable pods?

Bridgehead partners with major retail chains including Costco, Whole Foods Market, Longo's, and Farm Boy.