Nexe Innovations Stock Price, News & Analysis

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.

NEXE Innovations Inc. (NEXNF) has announced that its Xoma Superfoods product line is now available on Amazon.com and Amazon.ca, enhancing its sales potential significantly. The XOMA brand includes coffee products fortified with MCT oil, as well as mushroom and keto coffee options, all packaged in eco-friendly, compostable pods. The partnership with Amazon is expected to increase brand visibility and sales, supported by marketing efforts from Orca Pacific, a specialized agency for Amazon strategies. Amazon holds a dominant position in the U.S. e-commerce market, which could benefit NEXE's growth.

NEXE Innovations Inc. (NEXNF) announced a partnership with Vejii Holdings Ltd. to sell its XOMA Superfoods line on Vejii's e-commerce marketplace in the U.S. This collaboration aims to enhance NEXE's distribution network, targeting health-conscious consumers seeking plant-based alternatives. NEXE also appointed Ed Duda as the new CFO, replacing Raj Kang, who transitioned the company to a public entity. With over $64M raised in funding, NEXE continues to focus on sustainable, environmentally friendly products.

NEXE Innovations Inc. has signed a non-binding letter of intent with Rritual Superfoods Inc. to form a strategic alliance aimed at combining their strengths in product development. This partnership focuses on innovative adaptogens and fully compostable packaging to enhance customer experience. The initial product will be branded as Rritual Superfoods Pod 'powered by NEXE.' With mass retailers phasing out non-biodegradable pods, this collaboration aims to meet growing consumer demand for sustainable products in the superfood sector.

NEXE Innovations Inc. has successfully installed its proprietary assembly line for the production of fully compostable Nespresso-compatible pods at its Vancouver facility. The assembly line has passed its Site Acceptance Test, confirming its functionality. This marks a significant step towards commercializing the product, expected to launch in early Q3 2021. With a production capacity of 50 million pods, NEXE aims to address the environmental issues related to single-serve capsules, which contribute to over 56 billion capsules ending up in landfills annually.

NEXE Innovations Inc. has announced the launch of its XOMA Keto micro-ground coffee pods, now available on xomasuperfoods.com. These pods, designed for a ketogenic diet, are made with cocoa butter and MCT oil, packaged in fully compostable pods compatible with Keurig machines. The launch follows the establishment of the XOMA eCommerce store just three weeks prior. The global ketogenic market, valued at USD 9.57 billion in 2019, is projected to grow at a CAGR of 5.5%. NEXE aims to innovate sustainable superfood products that benefit both consumers and the environment.

NEXE Innovations Inc. (NEXNF) announced that President Ash Guglani will present at the Global Chinese Financial Forum (GCFF) on April 15, 2021, at 11:40 AM PST. The virtual event targets the Chinese investment community in North America and covers investment opportunities in public and private companies. There is no cost to attend, and the presentation will be archived on NEXE's investor website. NEXE Innovations focuses on developing environmentally friendly products, including fully compostable coffee pods, contributing to sustainability in the beverage industry.

NEXE Innovations Inc., a leader in plant-based materials, will participate in the 33rd Annual ROTH Growth Conference from March 15-17, 2021. The event features presentations and one-on-one meetings with investors, attended by over 5,000 participants, including analysts and institutional investors. NEXE President, Ash Guglani, along with CEO Darren Footz and Chief Science Officer Dr. Zac Hudson, will engage with attendees to discuss the company’s innovations, particularly its patented compostable coffee pods aimed at reducing environmental impact.

NEXE Innovations has launched its first product under the Xoma Superfoods line, a micro-ground soluble coffee with Organic MCT, packaged in a fully compostable pod. This innovative product will be available for purchase starting February 5, 2021. Co-founder and CEO Darren Footz highlights the importance of this launch in promoting sustainability and consumer health. The company has raised over $17M to scale its direct-to-consumer brand and advance its environmental goals.