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VANCOUVER, BC, March 28, 2022 /CNW/ - NEXE Innovations Inc. (TSXV: NEXE) ("NEXE" or the "Company"), a leader in plant-based materials science and advanced manufacturing technologies, is pleased to announce that both NEXE Coffee and XOMA Superfoods fully compostable single-serve pods are now available through Amazon Prime on Amazon.com.
"Amazon is the world's leading e-commerce retailer, with over 200 million global Prime subscribers. When consumers make a decision to make a purchase online, they often go to Amazon, and specifically, Prime. We see this launch as a meaningful way to gain consistent online sales, especially with our recent subscription offering, which will complement our upcoming brick and mortar retailer sales strategy for NEXE Coffee." said Ash Guglani, President of NEXE.
The NEXE Coffee line comes in both Keurig® and Nespresso® compatible pods. The NEXE Coffee - Nespresso® suite includes Dark Roast Espresso, French Roast, and Medium Roast, and comes in boxes of 10, 20, and 30. The NEXE Coffee - Keurig® suite includes Premium Organic Medium, Premium Organic Medium-Dark, and Premium Organic Dark flavours, and comes in boxes of 12 and 24. NEXE is currently working with suppliers to offer larger quantities and expand our conveniently sustainable solution to meet the needs of our consumers.
NEXE's Xoma Superfoods line targets the health-savvy, environmentally-conscious consumer and includes both high-quality coffee and superfood creamers. Keto, MCT Coffee, Turmeric, Matcha, and Cocoa Keto SKUs are packaged in the fully-compostable NEXE Pod and come in packages of 12 and 48. Xoma Superfoods pods are compatible with Keurig® single-serve brewing systems.
All of NEXE's premium coffee is organically and ethically grown by partners in Peru, Ethiopia, and Indonesia. Beans are ground and packaged at NEXE's Canadian facility and sealed for freshness in the NEXE Pod, one of the world's only fully-compatible capsules that are compostable in your city's composting facility.
"Consumers continue to turn to environmentally-sound alternatives to plastic. NEXE offers a truly sustainable solution to the approximately 60 billion pods that are consumed annually," saidGuglani. "We continue to focus on adding manufacturing capacity at both of our facilities, which will bring us closer to back-filling sales as we continue discussions with various retailers and wholesalers."
To complement the launch, NEXE will deploy a social media marketing campaign designed to increase brand awareness on Amazon, drive traffic to the NEXE pages, and ultimately increase conversions.
Mordor Intelligence estimates that the single-serve coffee pod and capsule market was valued at US$25.07 billion in 2020, and is projected to register a CAGR of 7.07% between 2021 and 2026.
About NEXE Coffee
NEXE Coffee is a subsidiary of NEXE Innovations and produces and distributes high-quality coffee packaged in single-serve, fully compostable, plant-based Keurig® and Nespresso® OriginalLine compatible pods.
About XOMA Superfoods
XOMA OPERATIONS INC is a 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.
About NEXE Innovations Inc.
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 existing major single-serve coffee machines. The proprietary NEXE Pod is designed to reduce the significant environmental impact caused by single-serve pods (+40 billion plastic pods discarded every year). With over $30M raised (equity and government funding) to date 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.
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 the terms of the Options 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, the ability of the Company to abide by the terms of the Options. 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.
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SOURCE Nexe Innovations Inc.
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