The third purchase order in under two months
highlights the increasing demand in NEXE's sustainable,
BPI-certified compostable coffee pods
WINDSOR,
ON, Jan. 21, 2025 /CNW/ - NEXE Innovations
Inc. ("NEXE", the "Company", "we", "us" or "our") (TSXV: NEXE)
(Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative
materials company, is pleased to announce its third purchase order
from Bridgehead Coffee ("Bridgehead"), a proudly
Canadian-owned and operated business with over 40 years of
history.
In our view, the continued demand for NEXE's BPI-certified
compostable coffee pods reflects the growing market traction of
NEXE's BPI-certified compostable coffee pods, which we believe
align with consumer demand for eco-friendly alternatives. NEXE
entered a two-year master manufacturing agreement with Bridgehead
in December 2024.
Bridgehead, a proudly Canadian-owned business with a rich
40-year history, embraces NEXE's proprietary compostable technology
to enhance its product offerings. Under a two-year master
manufacturing agreement established in December 2024, NEXE is currently supplying
Bridgehead's popular coffee blends, Centro
House and Bytown Boom, in fully compostable pods. These
blends are now available at select Farm Boy retail locations and
online through Bridgehead's website:
https://www.bridgehead.ca/.
"We believe the continued positive response to these products
indicates a market for sustainable coffee solutions and in
particular, the NEXE BPI-certified compostable coffee pod,"
said Ash Guglani, President of NEXE Innovations. "Our
compostable pods offer a seamless brewing experience while
addressing environmental concerns, which in our view, makes them a
perfect fit for conscientious consumers. This collaboration
supports our efforts to build momentum and scale as we move into
2025."
Bridgehead was one of the first coffeehouses in Canada to serve Fairtrade and Organic coffee.
Bridgehead operates 17 coffeehouses in Ontario and is a wholesale partner with retail
and grocery chains, including Costco, Whole Foods Market, Longo's,
and Farm Boy. Bridgehead also sells its products through its
website: https://www.bridgehead.ca/.
About NEXE Innovations Inc.
NEXE Innovations is
focused on providing innovative compostable material solutions and
packaging to the B2B segment to help businesses achieve their
sustainability goals. NEXE Innovations has developed a proprietary
and patented compostable material that can withstand heat,
pressure, and water. Our flagship product, the NEXE Pod, a
BPI-certified compostable coffee pod, showcases our material's
durability and is an ideal substitute for plastic. The NEXE
pod is compatible with major coffee brewing machines and is
manufactured at NEXE's vertically integrated facility based in
North America. Discover our
innovative approach to sustainability at
www.nexeinnovations.com and join our journey on social media
@nexeinnovations. #compostablecoffeepods #sustainability
#greentech
On behalf of the Company:
Ash Guglani
President & Director
For investor relations contact:
Kam Mangat
VP, Investor Relations & Corporate Strategy
invest@nexeinnovations.com
Office +1-604-359-4725
Mobile +1-604-359-4742
For media relations contact: media@nexeinnovations.com
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 Bridgehead Master Manufacturing Agreement
and the increasing market for NEXE's BPI-certified compostable
coffee pods. 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 Company's ability to execute on
its business strategy and those risks set out in the Company's
management's discussion and analysis for year ended May 31, 2024 under the headings "Risk and
Uncertainties". 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.