VANCOUVER, BC, Nov. 22, 2021
/CNW/ - NEXE Innovations Inc. ("NEXE" or the "Company"), (TSXV:
NEXE) (OTC Markets: NEXNF) (Frankfurt: NX5), a leader in plant-based
materials manufacturing, is announcing that its XOMA Super foods
product line is now approved for listing with leading Canadian
eCommerce retailer, Walmart.ca.
"We are thrilled at this exciting opportunity to leverage
Walmart.ca as a distribution vehicle to reach more consumers across
Canada and pursue our phased
retail rollout. XOMA Super foods makes it easy to enjoy plant-based
superfoods at home. The brand offers a line of five nutrient-dense,
convenient, functional beverages, all of which are packaged
exclusively in NEXE's made-in-North
America, fully-compostable, plant-based NEXE pods," said
Scott Naccarato, Director of Retail
Sales for NEXE. "As we continue to increase our capacity and grow
our distribution channels, the insights gained from Xoma will
provide valuable data to guide the successful retail strategy for
Nexe Coffee as well as our potential partners."
The products are sold in packages of 12 pods and are compatible
with Keurig® single-serve brewing systems.
The XOMA Super foods product line includes:
- Keto Cocoa: A delicious, rich and luscious ketogenic
diet-friendly hot chocolate made with quality medium-chain fats,
organic cocoa powder, and delicious cocoa butter.
- Matcha: Made from finely-ground, shade-grown
Japanese-origin green tea leaves with a rich umami flavour. Packed
with antioxidants, may help to decrease stress and increase
alertness with its natural caffeine content.
- Turmeric Golden Milk: A dairy-free, thick, yellow, and
spicy traditional drink packed with powerful ingredients. Turmeric
is regarded as an anti-inflammatory and antioxidant and is a
component of conventional medicine.
- Coffee Fortified with MCT: Coffee fortified with
medium-chain triglycerides (MCT), an essential fatty acid component
of virgin coconut oil that offers cognitive health and energy
benefits.
- Keto Coffee: XOMA's Keto
coffee is a rich and energizing beverage designed to support a
ketogenic diet, made with quality fats including MCT oil, with
hints of vanilla.
"We created XOMA Super foods to allow consumers the
opportunity to enjoy gourmet, nutritional superfoods at home in a
fast, easy, and sustainable way," said Ash Guglani, President of
NEXE. "Walmart is one of the leading retailers in the world and
they have specific benchmarks for the vendors that they work with
both online and in-store. Our listing on Walmart.ca is a vote of
confidence for NEXE as well as our products and paves the way for
other retailers and online vendors to carry our pods."
XOMA comes from the Greek word for "soil" or "earth," and
represents a more ethical way to incorporate convenient,
great-tasting coffee and superfoods into the modern diet.
NEXE pods are made from 100% compostable materials, are
manufactured in North America, and
break down completely in municipal composting facilities in as few
as 35 days. The pods can be disposed of immediately after use,
leave no mess, and do not need to be disassembled before
disposal.
"We look forward to continuing to grow our footprint across
North America and beyond through
both eCommerce and retail channels," said Ash Guglani, President of
NEXE. "Particularly, as we enter the colder months - consumers are
seeking at home products which taste good, provide convenience, and
support better health."
Learn more about XOMA superfoods online at:
https://xomasuperfoods.com/
Learn more about NEXE Coffee online
at: https://nexecoffee.com/
*NEXE Innovations Inc. is not affiliated with, endorsed, or
sponsored by Keurig®. Keurig® is a registered
trademark of Keurig Dr Pepper Inc.
About XOMA Super foods
XOMA Operations Inc. is a subsidiary of NEXE Innovations Inc.
XOMA Super foods produces and 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/
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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, the NEXE Keurig compatible pod, the XOMA
Super foods product lines, development of the NEXE Mask, and
increase production capacity, growth in our distribution channels,
creation of 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, dependence on key personnel, shortage of qualified
personnel and supply chain disruptions. 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.