VANCOUVER, BC, April 15, 2021 /CNW/ - NEXE Innovations Inc.
(TSXV: NEXE) ("NEXE" or the "Company"), a leader in plant-based
materials manufacturing, is pleased to announce a new partnership
with Orca Pacific ("Orca"), a full service Amazon agency. Orca will
be instrumental in the development and execution of NEXE's Amazon
store sales strategy for its XOMA Superfoods ("XOMA") product
line.
Orca Pacific provides expertise and state-of-the-art technology
to craft and carry out cutting-edge Amazon strategies. Amazon.com
is the largest online retailer in North
America.
"Since launching our XOMA Superfoods online store last week, the
product has already sold tremendously well," said Ash Guglani,
President of NEXE. "By incorporating a comprehensive Amazon
strategy, we plan to continue to considerably grow our
direct-to-consumer, eCommerce sales channels."
NEXE has received approval to sell its fully-compostable coffee
pods in the Grocery & Gourmet Food section of Amazon, which is
one of Amazon's fastest growing and most popular product
categories. The Company expects to be selling its pods on Amazon by
May 2021 and will continue to deploy
resources to increase its online presence and sales traction.
"Orca Pacific is thrilled to be partnering with XOMA Superfoods
to launch and grow their brand on Amazon. Not only is XOMA jumping
into one of the hottest categories on Amazon, they are doing so
with sustainability at the core of their business. We look forward
to helping XOMA reach more customers and spread their mission on
the world's largest eCommerce platform," said Andrew Lorence, Senior Business Development
Manager of Orca Pacific.
eMarketer reported that U.S. eCommerce sales will reach
$794.50 billion this year, up 32.4%
from 2020. (source: eMarketer.com October
12, 2020)
"eCommerce is a key component of our go-to-market strategy. NEXE
pods were created not only with sustainability in mind - but
convenience. The coffee pod creates the ultimate in convenience,
with no clean-up, and a delicious cup of coffee ready in seconds,"
added Guglani. "By offering our products online, and eventually
through a subscription model, we can deliver products right to our
customers' doors, making it as simple as possible to enjoy
superfood-enhanced coffee."
NEXE pods uses plant-based materials and can break down
completely in municipal composting facilities. Over 40 billion
petroleum-based single-serve coffee pods end up in landfills around
the world every year, and NEXE is on a mission to eliminate this
source of waste.
Order XOMA in Canada:
xoma.ca
Order XOMA in the U.S.: xomasuperfoods.com
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.
xoma.ca
instagram.com/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, >40 billion of which are discarded every
year. With over $64M 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.
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.
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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, increase production
capacity, demand and/or sales of its products, 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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SOURCE Nexe Innovations Inc.