Nexe Innovations Stock Price, News & Analysis

NEXE Innovations has successfully completed a Factory Acceptance Test (FAT) for its high-speed dosing machine, which will enhance its production capacity to over 50 million annual Keurig® compatible pods. The FAT, conducted on October 26, 2021, demonstrated a capacity of 200 capsules per minute and mechanical efficiency exceeding 93%. The first of two machines ordered in February 2020 is expected to arrive in November 2021, with a Site Acceptance Test following shortly. NEXE aims to reach a capacity of over 100 million pods annually by early 2022.

NEXE Innovations Inc. has terminated its investor relations agreements with Electrik Dojo and Gold Standard Media due to the inability to gain TSX Venture Exchange approval. The Company paid Electrik Dojo a total of $770,000 for its services, while Gold Standard Media received $350,000. NEXE has also requested reimbursement of CDN $44,109 for unearned fees. The Company is exploring other third-party service providers for brand and product awareness, pending TSX approval. NEXE is focused on its plant-based, compostable technology, particularly in the single-serve coffee sector.

NEXE Innovations Inc. (TSXV: NEXE) has launched its fully compostable coffee pods compatible with Keurig® machines, available at nexecoffee.com. After over six years of R&D, these pods break down in about 35 days in composting facilities. The new coffee blends use certified organic beans from Peru and are available in medium, medium-dark, and dark roasts. NEXE has raised over $60 million to date and aims to address environmental concerns within the single-serve coffee market.

NEXE Innovations Inc. (NEXNF) announced the launch of its new coffee products packaged in proprietary, compostable NEXE Pods, compatible with Keurig® brewing systems, available from November 1, 2021. These pods, designed for enhanced coffee extraction, utilize 100% certified organic beans sourced from Peru and come in three roasts: Medium, Medium-Dark, and Dark. The product is a result of over six years of R&D and aims to meet the growing demand for environmentally friendly coffee solutions in the single-serve market, projected at 60 billion pods annually.

NEXE Innovations Inc. announced the launch of three new beverages in its XOMA Superfoods line: Keto Cocoa, Matcha Latte, and Turmeric Golden Milk, available in 12 and 48 count packages. These products are designed to offer health benefits while being eco-friendly, packaged in NEXE's fully compostable pods compatible with Keurig® systems. The company emphasizes the convenience of enjoying superfood drinks sustainably. NEXE, a leader in plant-based materials, aims to meet the growing demand for environmentally friendly products, having raised over $60 million to date.

NEXE Innovations Inc. announced the launch of two new premium espresso products, expanding its coffee lineup to meet the growing demand in the US$25 billion single-serve coffee pod market. The new blends, available from October 8, 2021, are packaged in the company's fully compostable NEXE pod, compatible with Nespresso® machines. The espresso blends focus on sustainability, sourcing beans from women-led cooperatives in Sumatra, Peru, and Ethiopia. The company is positioned to capitalize on its innovative products, aiming to reduce environmental impact as over 59 billion coffee pods are consumed annually.

NEXE Innovations Inc. (TSXV: NEXE) announced key operational and financial accomplishments since its IPO on December 18, 2020. The company raised over C$50M in capital, including C$34.5M from a bought-deal financing, and received government grants totaling C$1.3M. NEXE has launched its fully compostable coffee pods for Keurig® and Nespresso® machines, expanded its facility to 20,000 square feet, and filed numerous patent applications. The company is focusing on online sales growth and direct-to-consumer channels while enhancing its manufacturing capabilities, which positions it for increased market share in sustainable products.

NEXE Innovations Inc. has filed its audited financial statements for the year ending May 31, 2021. Key achievements include the successful commercialization of the compostable NEXE Pod and a pilot launch of the compostable Nespresso Original Line capsule. As of May 31, 2021, NEXE holds CAD$50.7 million in cash and CAD$49.5 million in working capital. The company faced a management cease trade order due to delays attributed to transitioning from private to public and COVID-19-related staffing issues, but anticipates its revocation soon.

NEXE Innovations Inc. (NEXNF) announced the launch of its premium espresso pods in the U.S. and Canada on July 29, 2021. The coffee pod market exceeds USD$25 billion, with over 56 billion pods disposed of annually, contributing to landfill issues. NEXE's new compostable pods decompose in as little as 30 days, aligning with the company's commitment to sustainability. The espresso blend features fair-trade beans from Ethiopia, Sumatra, and Peru, promising a rich flavor. Additionally, NEXE is issuing 25,000 shares at a price of $1.02 for services rendered.