VANCOUVER, BC, March 1, 2022 /CNW/ - NEXE Innovations
Inc. ("NEXE" or the "Company"), (TSXV: NEXE) (OTC Markets: NEXNF)
(Frankfurt: NX5), a leader in plant-based materials manufacturing,
is pleased to announce retail distribution for five of its XOMA
Superfoods beverages into PSC Natural Foods.
PSC Natural Foods Ltd. ("PSC"), part of Horizon
Distributors Ltd. ("Horizon"), is a leading natural and organic
foods distributor with a network of over 200 stores serving
Vancouver Island and the Lower Mainland in British Columbia. PSC, which focuses on
grocery and wellness, placed their first purchase order for all
five varieties of the Company's XOMA Superfoods line.
"We are excited to partner with PSC to provide consumers access
to our nutrient-dense, fully compostable and Keurig® single-serve
brewing systems compatible superfood beverages," said Ash Guglani,
President of NEXE. "As we expand our distribution network, we are
able to better increase our market presence and continue showcasing
our XOMA Superfoods line creating a strong base for expansion in
the North American marketplace. The fact that PSC has already
placed their first order shows their mutual excitement for this
innovative and unique line of superfood products."
"All XOMA Superfoods products are packaged in our signature NEXE
Pods, which are made of plant-based materials and sustainably
manufactured in North
America."
"Our fully compostable pods have been introduced at a key time
when our competitors are being fined for greenwashing and worldwide
legislation is continually being introduced against single-use
plastics. Our NEXE beverage pods can be disposed of immediately
after use, leave no mess, and do not need to be disassembled before
composting, making it convenient to integrate more plant-based
products into your life. The pods could break down completely in
municipal compost facilities in as few as 35 days," added
Guglani.
All five XOMA Superfoods product lines are each sold in packages
of 12 pods and are compatible with Keurig® single-serve brewing
systems.
The superfood market is projected(1) to reach
$209.1 billion (USD) by 2026 with a
CAGR of 7.3% according to KBV Research.
Learn more about XOMA Superfoods online
at: https://xomasuperfoods.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 XOMA Superfoods
XOMA Superfoods distributes high-quality coffee and superfood
ingredients packaged exclusively in single-serve, fully
compostable, plant-based pods. Learn
more: https://xomasuperfoods.com/ and find XOMA on Instagram
at @xomasuperfoods
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 leading
single-serve coffee machines. The proprietary NEXE pod is designed
to reduce the significant environmental impact caused by
single-serve pods, >50 billion of which are discarded
every year. With over $60M raised to
date from equity and government funding 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. Learn
more: https://nexeinnovations.com/
About Horizon Distributors Ltd.
Horizon Distributors Ltd. is Western
Canada's leading distributor of organic and natural foods,
natural personal care items and nutritional health supplements.
Horizon is known for dedication to logistical excellence,
personalized account service, consistent high fill rates, and
commitment to integrity in product selection. Horizon is the
supplier of major natural, grocery and independent grocery chains,
independent natural health stores, buying clubs, restaurants, cafés
and specialty retailers via a fleet of trucks and common carriers.
Learn more: https://www.horizondistributors.com/
Social Media
https://twitter.com/nexeinnovations
https://www.facebook.com/nexeinnovations
https://www.linkedin.com/company/nexeinnovations
https://www.instagram.com/nexeinnovations
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 the proposed use of
proceeds, commercialization of the NEXE PODs, including the NEXE
Nespresso Compatible Pod, development of the NEXE Mask, and
increase production capacity, create other environmentally friendly
compostable packaging opportunities, development of technologies,
the potential of the Company's technology, future plans, regulatory
approvals 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, business, economic and capital market
conditions, the ability to manage operating expenses, consumer
demand for and sentiment towards the Company's products, security
threats, and dependence on key personnel. 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, failure to obtain regulatory
approval, the continued availability of capital and financing,
equipment failures, litigation, increase in operating costs, the
impact of Covid-19 or other viruses and diseases on the Company's
ability to operate, competition, failure of counterparties to
perform their contractual obligations, government regulations, loss
of key employees and consultants, 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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(1)
https://www.mordorintelligence.com/industry-reports/coffee-pods-and-capsules-market
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(2)
https://www.newstalk.com/news/over-56-billion-coffee-capsules-to-go-to-landfill-this-year-492445
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SOURCE Nexe Innovations Inc.