VANCOUVER, BC, April 13, 2021
/CNW/ - NEXE Innovations Inc. (TSXV: NEXE) ("NEXE"
or the "Company"), a leader in plant-based materials
manufacturing, is pleased to announce that its signature consumer
product line, XOMA Superfoods, is today launching its Mindful
Mushroom coffee, now available at xomasuperfoods.com.
XOMA Superfoods is NEXE's in-house coffee and superfoods brand.
The new Mindful Mushroom coffee blend features chaga, cordyceps and
lion's mane mushrooms, providing a rich, low-calorie source of
fibre, protein and antioxidants.The XOMA eCommerce store launched
one week ago on April 6th, offering
its first product, XOMA Coffee Fortified with MCT, for which demand
has been substantial.
"Mushroom coffee has become increasingly popular in recent years
for its health benefits, and we are excited to add this
great-tasting coffee to our product line," said Marc Bains, President of XOMA. "Our customers
are not only health-conscious, but also environmentally-conscious.
XOMA pods deliver great taste, health benefits, convenience, and
sustainability."
According to a report by Research and Markets, the global edible
mushrooms market is expected to reach US$62
billion by 2023. KBV Research reported that The Global
Superfoods Market size is expected to reach US$209.1 billion by 2026.
"Our premium coffees, including our new mushroom coffee, are
packaged exclusively in our single serve, fully compostable,
plant-based NEXE pods, which are compatible with the popular,
Keurig single-serve coffee brewing systems," added Bains. "We
created these pods to be completely compostable in their entirety,
providing the ultimate in convenience and sustainability."
NEXE recently secured $34.5M in
financing, giving the Company a total of approximately $52M in cash, with which it intends to dedicate
substantial resources to becoming a leader in the global superfoods
market.
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 $30M 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.
Social Media
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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.