Nexe Innovations: Fully Compostable Coffee Pods are Taking Off
Significant scale-up of production capabilities
NEXE Innovations designs, manufactures and commercializes fully compostable, plant-based materials for everyday consumer products (currently launching single-serve beverage pods). Addressing the 50 billion+ plastic pods dumped into landfills each year, the company is targeting the USD$30B single-serve pod market (growing at 8.5% YOY). Furthermore, its first commercial product the NEXE POD, is one of the only fully compostable plant-based solutions.
NEXE is backed by 5 years of scientific research ($17M invested and $14M+ recent financing). This makes them well-positioned at the forefront of advanced material manufacturing and automation.
Introducing XOMA Superfoods
NEXE’s in-house coffee and superfoods brand is now live at www.xoma.ca. XOMA allows NEXE to meet its sustainability mandate, while providing consumers with the highest quality coffees and superfoods. NEXE also plans to launch the first product under the XOMA Superfoods brand, a soluble micro-ground coffee fortified with MCT oil packaged in the NEXE Pod, as a pilot in late January 2021.
Moreover, XOMA – derived from the Greek word for soil – is dedicated to producing and distributing high-quality coffee and super food creamers packaged exclusively single-serve fully compostable, plant-based Nexe pods.
NEXE will also be launching its Espresso Pod in Q3 of this year.
For more information on NEXE Innovations Inc. (TSX.V: NEXE, OTC: NEXNF) please click the request investor info button.