Nexe Innovations Inc (NEXE) News

NEXE COFFEE
NEXE Innovations Announces Financial Results for the Twelve-Month Period Ended May 31, 2023
NEXE Closes Out a Successful Year Having Moved Into Production and the Next Phase of Operations
Vancouver, B.C.- September 28, 2023 – NEXE Innovations Inc. (“NEXE” or the “Company”) (TSX.V: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce its financial results for the twelve-month and three-month period ended May 31, 2023 (“Q4 2023”).
Fiscal 2023 was a pivotal year for NEXE Innovations, with several key accomplishments. The Company has transitioned into production and, subsequent to year-end, as previously announced, has onboarded three co-manufacturing customers – a key segment for NEXE.
2023 Accomplishments:
During the year, NEXE completed building its Windsor Facility and transitioned to an in-house, end-to-end manufacturing process where the new facility is equipped for compounding resin, injection molding key components of NEXE’s proprietary, single-serve beverage pods, and dosing and sealing the pods for commercialization. The Company received its occupancy permit, installed and tested key equipment, and started to build out the operations team in March 2023. By the end of July, the Windsor Facility was fully commissioned to produce food-grade components for its proprietary single-serve beverage pods, hired key personnel, and the Company moved into production.
NEXE successfully met the stringent testing requirements for certification from the Biodegradable Products Institute (BPI) for its fully compostable, single-serve beverage pod and associated components at the end of June 2023. The BPI certification is a third-party verification of ASTM D6400 and D6868 standards for compostable products. Being awarded the BPI certification means the product has undergone a rigorous testing process, confirming that the company has met the ASTM compostable standards. The BPI certification is not required to sell our products but does assure customers that NEXE’s products are environmentally friendly and comply with the stringent rules established by BPI.
Since the beginning of August, NEXE has onboarded three co-manufacturing clients: Awaken Brands Ventures Ltd., Neighborhood Coffee Company, and Rooted Grounds Coffee Company. The interest surrounding NEXE’s proprietary BPI-certified pod continues to gain momentum, and NEXE continues to advance discussions to drive private label and co-manufacturing opportunities. We expect production will continue to ramp up over the next several months. NEXE’s goal is to build a strong base of recurring revenues.
NEXE completed transitioning its retail brand NEXE Coffee to the BPI-certified, single-serve pod. The retail brand of NEXE will be produced in Windsor, Ontario and is available for purchase at www.nexecoffee.com. All operations are now consolidated at the Windsor Facility, and NEXE is selling its Surrey, B.C. facility.
Fiscal 2023 Results:
For the year ended May 31, 2023, the Company recorded a net loss of $6,137,065 or $0.06 per share, compared to a net loss of $8,339,913, or $0.09 per share, for the twelve months ended May 31, 2022.
Revenues increased to $49,758 (2022 – $26,986) and largely represents the sale of the previous version of the NEXE Pod that was composite based. NEXE has transitioned from producing composite pods to the proprietary, BPI certified single-serve pod. The Company has onboarded three clients and is working through the sales pipeline focusing on private label and co-manufacturing opportunities. For Q1 2024 revenues are expected to come in higher than total revenues in fiscal 2023. The Q1 2024 quarter will reflect only one month of revenue generation.
Selling, General & Administrative expenses decreased to $4,453,682 (2022 – $6,201,830) primarily due to lower marketing, consulting, and professional fees. NEXE also decreased salaries and management fee expenses. This is the third year of such decrease as the Company continues to maintain a disciplined approach to managing expenses. Expenses were also impacted by one-time costs related to establishing the Windsor Facility and going forward, expenses will benefit from operations being consolidated to one location.
Depreciation increased to $987,551 (2022 – $672,830) due to additional equipment purchased. Capital expenditures were $3.3 million, down from $8.8 million in fiscal 2022. Going forward, we expect capital expenditures to remain within a similar range as fiscal 2023.
The Company recorded a non-cash interest expense of $257,459 (2022 – $309,167) related to the accretion of interest associated with the interest free Government loan from the Western Innovation program.
Research and development expenses decreased to $380,089 (2022 – $336,460) as NEXE continues to invest in product development to stay ahead of the curve.
Outlook and Financial Position
We believe the fundamentals for the business remain strong and are supported by macro trends. In North America, the government is enacting different regulations and providing incentives to move away from petroleum-based products. We continue to see consumers moving towards sustainable options to help improve the environment and the growing concern around the health impact of plastics on the human body. The BPI certification that was granted for NEXE’s single-serve pod and associated components requires products to be free of per- and poly-fluoroalkyl substances (PFAS) reflecting general concerns about the impact of PFAS.
Management believes that significant investments will be needed to meet the changing industry requirements and increase in potential demand. With the expertise gained by the team in onshore manufacturing over the last few years, management believes NEXE will be competitively positioned to replicate and expand its operational capabilities into the U.S.
The Company has a valuable portfolio of assets, technology and comprehensive IP. The Company has moved into revenue generation mode with its new production facility and management believes it is competitively positioned to leverage the trends in the green economy. The strategic decision to transition to an entirely in-house model, away from third-party suppliers, has allowed the Company to develop a price-competitive single-serve pod that can compete against other compostable products and the plastic alternative.
At the end of fiscal 2023, NEXE had working capital of $23.0 million, no debt, and with the expected proceeds from the Surrey Facility sale, management believes it is well-funded to weather the current market volatility. In addition, NEXE amended its warrants such that the exercise price was revised from $2.50 to $0.65 per share, and the expiry date was extended from April 9, 2023, to April 9, 2024. If all outstanding warrants are exercised, the proceeds from the warrants could amount to $5.6 million.
The Company’s Q4 2023 financial statements and related management’s discussion and analysis are available on NEXE’s SEDAR profile at www.sedar.com and the Company’s website at www.nexeinnovations.com.
*NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Keurig®. Keurig® is a registered trademark of Keurig Dr Pepper Inc.
**NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Nespresso®. Nespresso® is a registered trademark of Société des Produits Nestlé S.A
About NEXE Innovations Inc.
NEXE Innovations Inc. is a leader in innovative compostable materials technology based in Ontario, Canada. The first product developed by NEXE Innovations is one of the only patented, fully-compostable, single-serve coffee pods for use in existing major single-serve coffee machines.
For more information about NEXE’s compostable materials and how it is well-positioned to meet the growing demand for environmentally friendly and sustainable products, visit www.nexeinnovations.com and follow us on social media @nexeinnovations.

NEXE Innovations Has Produced its Proprietary Single-Serve Pods for U.S. Based Rooted Grounds Coffee Company
Interest continues to grow for NEXE’s proprietary BPI-certified, single-serve pods to deliver exceptional coffee experience without compromising our planet’s well-being
Vancouver, B.C.- September 28, 2023 - NEXE Innovations Inc. ("NEXE" or the "Company") (TSX.V: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce that it has onboarded and produced product for U.S. based Rooted Grounds Coffee, its third co-manufacturing customer for the Biodegradable Products Institute (BPI)-certified compostable, single-serve coffee pods. NEXE has also completed shipping product to Neighborhood Coffee – one of it's previously announced partnerships. Since moving into production, NEXE has onboarded three co-manufacturing customers including Rooted Grounds Coffee Company and Neighborhood Coffee. Management believes the interest surrounding NEXE's proprietary compostable single-serve pod continues to gain momentum, and NEXE continues to advance discussions to drive private label and co-manufacturing opportunities.



"This is an exciting period for NEXE as interest grows for our proprietary NEXE Pod. We continue to build our operations in Windsor as we are engaged in several active discussions with local artisanal brands and larger coffee companies,” stated Ash Guglani, President of NEXE Innovations.



NEXE has also completed transitioning its own retail brand, NEXE Coffee to the BPI-certified compostable, single-serve coffee pods. NEXE’s own retail brand is now being produced at it's Windsor, Ontario facility that utilizes the end-to-end manufacturing process. The retail brand is available at www.nexecoffee.com.

NEXE Innovations Announces Collaboration with Neighborhood Coffee Company and Completes Second Delivery to Awaken Brands
Production of NEXE’s proprietary compostable, single-serve pods continues to ramp up at the Windsor Facility as onboarding of new customers continues
Vancouver, B.C.- September 6, 2023 - NEXE Innovations Inc. ("NEXE" or the "Company") (TSX.V: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, proudly announces that it is currently fulfilling a purchase order from Neighborhood Coffee Company and has made a second delivery of its Biodegradable Products Institute (BPI) certified compostable, single-serve coffee pods to Awaken Brands Ventures Ltd for their “ecobeans” product line.



NEXE's Windsor Facility is ramping up the production of their BPI certified compostable pods. By collaborating with premium artisanal roasters like Neighbourhood Coffee Company and securing orders from forward thinking companies like Awaken Brands Ventures Ltd, NEXE believes it is building a solid base of recurring revenues. NEXE continues to advance discussions with other coffee roasters to drive private label opportunities.


"We believe the positive reception is undeniable, paving the way for a stronger base of recurring revenues. No longer do consumers need to choose between convenience and the environment while enjoying a superior coffee experience," stated Ash Guglani, President of NEXE Innovations.

NEXE Innovations Breaks New Ground with First Delivery of BPI Compostable Coffee Pods to U.S. Customer
Launching a new era of sustainable coffee consumption as part of a partnership with Awaken Brands Ventures Ltd. targeting the U.S. Office Coffee Services Market
Vancouver, B.C.- August 2, 2023 - NEXE Innovations Inc. ("NEXE" or the "Company") (TSX.V: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, proudly announces its first delivery of its BPI certified compostable, single-serve coffee pods to Awaken Brands Ventures Ltd. The delivery marks a significant step in NEXE’s drive to disrupt coffee consumption with a more sustainable option. Compostable pods account for a small piece of the 80+ billion total pods market, which is expected to grow by over 33% by 2028. NEXE believes it is competitively positioned to capture market share of the large and growing global pod market.

I received my order from the Windsor production centre.
The pods are much improved and work seamlessly with the Keurig system.
The Coffee is great too.
It is the pods that will make this stock fly though.
Nexe now has BPI compostable certification and their own plant is up and running and in an ideal location for North American distribution.
The pods are better than any other compostables I have tried.
I’ll be very surprised if the company does not land some big contracts to provide their pods to major coffee producers.
I think this stock is primed to increase exponentially, $10.00 target is not inconceivable if they obtain a large contract.

I received my order from the Windsor production centre.
The pods are much improved and work seamlessly with the Keurig system.
The Coffee is great too.
It is the pods that will make this stock fly though.
Nexe now has BPI compostable certification and their own plant is up and running and in an ideal location for North American distribution.
The pods are better than any other compostables I have tried.
I’ll be very surprised if the company does not land some big contracts to provide their pods to major coffee producers.
I think this stock is primed to increase exponentially, $10.00 target is not inconceivable if they obtain a large contract.

Delivery is out from the Windsor plant.
New improved packaging.

https://nexeinnovations.com/nexe-has-successfully-met-the-testing-requirements-for-bpi-certification/

We are thrilled to announce that NEXE has transitioned to a state-of-the-art, larger facility in Windsor. This move represents a significant milestone for us as we increase our capacity and production capabilities, enabling us to deliver even more exceptional products to the market. With this exciting expansion, we are focusing on private label and co-manufacturing, allowing NEXE to leverage established distribution channels across North America. By harnessing the power of these strategic partnerships, we are poised to revolutionize the single-serve industry and elevate the NEXE Coffee experience to new heights. As pioneers in sustainable packaging solutions, we are committed to delivering excellence in both quality and service

https://nexeinnovations.com/nexe-innovations-announces-financial-results-for-the-three-month-period-ended-february-28-2023/

https://nexeinnovations.com/nexe-innovations-windsor-facility-has-been-fully-commissioned-achieves-a-key-composting-milestone/

https://nexeinnovations.com/nexe-innovations-announces-2021-warrants-extended-and-repriced/

https://nexeinnovations.com/nexe-innovations-provides-a-corporate-update-on-its-windsor-facility/

Time to start taking note fellas and fellettes.
$25.million cash, most equipment paid for . Windsor plant on target to start operating by the new year.

https://ih.advfn.com/stock-market/TSXV/NEXE/stock-news/87117274/nexe-announces-acquisition-of-windsor-property

Ah, Okay Belg.
Guess it's tough going with international brokers to get access to some tickers. It has had a nice run. Yeah, the OTC is not for the faint of heart for sure. 50-80% drops are typical manipulation swings at times. Look at IQST today, huge swing.

Belg Monday, 01/10/22 12:18:20 PM
Re: KingsKnight post# 72
Hi King! No, my broker don't let me!! I can not buy this one!!
I hope soon to take a profit on IQST and leave the OTC!!
This is not good for my heart!!
Thanks anyway for your help in the past.

Hi King! No, my broker don't let me!! I can not buy this one!!

I hope soon to take a profit on IQST and leave the OTC!!

This is not good for my heart!!


Thanks anyway for your help in the past.

Hi King! No, my broker don't let me!! I can not buy this one!!

I hope soon to take a profit on IQST and leave the OTC!!

This is not good for my heart!!


Thanks anyway for your help in the past.

Hey BelG..

Did you get that TCRi?? GL

https://ih.advfn.com/stock-market/TSXV/NEXE/stock-news/86816857/nexe-completes-successful-site-acceptance-test-for

NeXe Bleeding Big Time..

Seems alot of Canadian tickers facing the same peril.

https://ih.advfn.com/stock-market/TSXV/NEXE/stock-news/86758639/nexe-provides-governance-and-corporate-update

Pre Listing Prices.
It's steady below the original launch price, the IBs had fun with this one on the ride up & the drop down, and probably back up again. We shall see. Canadian equities seem to always have this cycle, big run ups & then total crashes [see SAENF/NPEZF/VERY/FD/SOL/GAME] just maybe easier up there for IBs to swing then relentlessly dump.
snappermelon Monday, 11/08/21 12:35:46 PM
Re: KingsKnight post# 66
After a healthy pullback, NEXE is now continuing its upwards trend.

After a healthy pullback, NEXE is now continuing its upwards trend.

Unfortunate slipback..
Hopefully there's something more to come.

the confidence was short lived... LOL

Good To See Some Confidence Back on NeXe.

I do think there's something good here still, but the hammering it took from $5 to sub $1 probably left quite a few sour on it.
Gue's we'll see how fast it can find a new leveling out point.

https://ih.advfn.com/stock-market/TSXV/NEXE/stock-news/86447176/nexe-completes-successful-factory-acceptance-test

don't know what was (is?) the trigger

https://ih.advfn.com/stock-market/TSXV/NEXE/stock-news/86443231/nexe-cancels-investor-relations-agreements

https://ih.advfn.com/stock-market/TSXV/NEXE/stock-news/86421988/nexes-patented-compostable-capsule-for-keurig-bre

Hey Belg...
It's been a weird road here, they started off so well price rose very nicely & then it seemed like the powers that be did a straight rug pull & cratered it. Even with this bump, the volume wasn't that much on the US side, Canada was abit higher. Hopefully it gets back on a winning streak.
https://stockhouse.com/news/press-releases/2021/11/01/nexe-s-patented-compostable-capsule-for-keurig-xae-brewing-systems-is-finally
Belg Tuesday, 11/02/21 11:04:30 AM
Re: KingsKnight post# 51
interest in nexe is back on the rise...

For the curious, this trades on the Canadian TSX exchange under NEXE. Check there to see news updates etc.
This ticker is just so people can buy it in US funds. This is NOT a pink sheets stock. Ad the company continued to grow, there will likely be an uplist for this US ticker to Nasdaq.

Just getting started here. Current valuation is a joke. This ain’t no penny stock/ stinky pinky. Tomorrow we break a dollar then head towards $2.00

it almost did...

I agree...

NEXE or NEXNF has turned the corner. Shorts are toast and it’s going to run for awhile. Should go well past a dollar this month.

interest in nexe is back on the rise...

No sales strategy to coffee companies in place (Could be to high cost to produce)
No retail strategy in place (Could be to high cost to produce)
They are looking to sell online right now with no visible traction

I think there is potential but have concerns over their directors and management with no traction so far.

Hopefully they can figure it out, something to keep an eye on.

This is going back to $1

I think they should have just made pods for other coffee companies at the start then did there own thing after that.

May Trade Log

April Trade Log

Thanks for the info Kings! Appreciate it

ViperPod..

I suspect this stock got beaten down by a conjunction of things, it was a new issue that the IBs had control of for the most part, it boomed to $5, and was walked down. They had some share issuance as well. Still think it has billion cap potential especially with Canada being as stringent with their environmental laws vs here in the states. At a $1, it's probably an easy 5-10x in the next few months/year. They have the product, it's about getting the revs/contracts. GL

Vipyr Thursday, 04/29/21 04:42:13 PM

Not too many people are talking about this one. I just came across it on Joseph Hogue's video. Wondering what the future holds for this company, as they just had their IPO in January. They are talking about reaching 220 million pods by the end of the year

Pretty cool promotional video

Not too many people are talking about this one. I just came across it on Joseph Hogue's video. Wondering what the future holds for this company, as they just had their IPO in January. They are talking about reaching 220 million pods by the end of the year

Took A While To Bottom,

Sure the IBs/MMs beat it down hard to load around the $1 range and will now let it roam free. This has shown it can move quick to both sides. Hopefully, the bottom is in.

Not the Prettiest of Things...

Lots happening, a bit of dilution, more share issue, nothing groundbreaking in terms of revenues yet.
many were probably hoping for $1 on it. Renewables/Recyclable space been down as most OTC issues
since that mid Feb peak...Everyone's moved off into cryptos.

Whats going on here???
Dispite good news????

A lot of potential here. We need more people posting and spreading the news.

https://ih.advfn.com/stock-market/TSXV/NEXE/stock-news/84543095/nexe-innovations-to-participate-at-the-33rd-annual