Company
NEXE Innovations Inc
CVE:NEXE
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.
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Nexe Innovations sees continuing progress on transitioning to vertically integrated manufacturing process
Ash Guglani, the company's president, said: "The 54,000 square feet Windsor facility is on track to be operational by year-end and we are receiving a lot of employment interest and excitement from the local community"
NEXE Innovations focused on growing its customer base after cementing its operational footprint in fiscal 2022
NEXE Innovations finished the 2022 financial year with working capital of C$31.7 million, with C$28.5 million in cash and guaranteed investment contracts which the company said would help it execute its strategy over the next 12 to 18 month
NEXE Innovations adds two new faces to executive team
The innovative compostable materials company has appointed Chris Murray as vice president of sales and marketing, and Kam Mangat as vice president of investor relations and corporate strategy
NEXE receives initial purchase order for superfood beverages from Purity Life Health Products LP
Purity supplies all the major retailers in Canada, including Whole Foods, Loblaws, and Sobeys, and has been a major factor in the success of many household natural health product brands, according to NEXE
NEXE Innovations says its NEXE Coffee and XOMA Superfoods single-serve pods now available on Amazon Prime
The NEXE boss added that the group was continuing "to focus on adding manufacturing capacity at both of our facilities, which will bring us closer to back-filling sales as we continue discussions with various retailers and wholesalers"
NEXE receives first XOMA Superfoods order under distributor deal with PSC Natural Foods
PSC, part of Horizon Distributors Ltd, is a leading natural and organic foods distributor focusing on grocery and wellness with a network of over 200 stores serving Vancouver Island and the Lower Mainland in British Columbia
NEXE Innovations completes acquisition of 54,000 square-foot industrial facility in Windsor, Ontario
The company will be able to significantly expand its production capacity of its proprietary NEXE compostable packaging
NEXE Innovations set to ramp up annual pod production after successful site acceptance test for proprietary equipment
"As we come to year end, we are ecstatic to announce that we have completed a Successful site Acceptance Test on key equipment which can provide an additional 50 million annual pod production capacity," said Ash Guglani, the president of NE
NEXE Innovations says both its XOMA Superfoods and NEXE Coffee beverages to be available for sale on ECSCoffee.com in December
In addition to helping pioneer the distribution of single-serve coffee pods in Canada in 2006, ECS has launched over 20 well-known coffee brands to coffee lovers through distribution, retail, e-commerce, and sampling programs across the cou
NEXE Innovations says its XOMA Superfoods line to list on e-commerce retailer platform Walmart.ca
The Vancouver-based company said the products are sold in packages of 12 pods and are compatible with Keurig single-serve brewing systems
NEXE Innovations unveils retail distribution for three of its XOMA Superfoods beverages at 78 London Drugs locations in Canada
The January 2022 launch is an important step in expanding NEXE's offerings beyond ecommerce and providing retailers with sustainable options for single-serve beverages
NEXE announces partnership with Crew Marketing Partners to drive sales through targeted awareness campaigns
"Crew Marketing has vast experience working with consumer packaged goods (CPG) brands and has brought several to prominence at major grocers," said Ash Guglani, President of NEXE
NEXE completes successful factory acceptance test for proprietary high-speed dosing machine
The machinery will increase NEXE's production capacity to over 50 million annual Keurig compatible pods
NEXE leads the charge with its fully compostable coffee pods for use in Keurig and Nespresso machines
The Vancouver-based firm plans to ramp up production capacity to 50 million NEXE Nespresso-compatible pods by the end of 2021
NEXE Innovations launches its first first coffee pods which are compatible with Keurig single-serve brewing systems
"This new line complements our existing NEXE Coffee espresso products, sold in Nespresso compatible, fully compostable pods," said Ash Guglani, president of NEXE in a statement. "Keurig and Nespresso are the two most popular single-serve co
NEXE Innovations announces addition of three new beverages to its XOMA Superfoods line
The new beverages include a matcha latte, keto cocoa, and turmeric golden milk, with each available in a 12 and 48 count package
NEXE Coffee expands espresso line offering with two new blends
The company said that its new NEXE Medium Roast Espresso and French Roast Espresso Blend will launch on October 8, 2021, in the US and Canada at nexecoffee.com
Nexe Innovations brews industry disruption with its compostable plant-based coffee pods
NEXE president and director Ash Guglani said the coffee industry is “ripe for disruption” and the company not only has the technology but is “fully funded to be disruptive”
NEXE leading with its own brands and in talks to strategically offer capacity to select coffee roasters in North America
The company said that is in “active discussions with some of its partners to order multiple production lines for both the Keurig and Nespresso OriginalLine formats”
NEXE rounds out year ended May 31, 2021, with ample cash to execute on high demand for its environmentally friendly coffee pods
The company had cash and equivalents totaling CA$50.7 million and working capital of CA$49.5 million as of May 31, 2021
NEXE Innovations unveils premium compostable espresso pods
The espresso pods mark NEXE's introduction into the single-serve coffee pod sector, a market that is valued at more than US$25 million annually
NEXE Innovations says its Xoma Superfoods product line now available on Amazon in US and Canada
CEO Darren Footz notes that Amazon is the largest e-commerce platform in the world and will help the company expand its sales, brand presence and market reach
NEXE Innovations signs commercial relationship with online vegan marketplace operator, Vejii Holdings; names new CFO
Darren Footz, CEO of NEXE said: "Partnering with Vejii is an exciting milestone for NEXE as we expand our distribution network for our popular XOMA product line. Vejii is an excellent fit for XOMA because it attracts consumers who are seeki
NEXE Innovation and Rritual to collaborate on new superfoods products in NEXE compostable pods
Aligning with Rritual will increase sales for fully compostable capsules delivering on NEXE's mission to eliminate single-use plastic
NEXE Innovations set to begin production of Nespresso-compatible pods at its British Columbia facility
The firm received and installed proprietary equipment to assemble its compostable Nespresso-compatible pods
NEXE Innovations says XOMA Superfoods launches iXOMA Keto micro-ground coffee pods on its website
XOMA's new Keto micro-ground coffee is a rich and energizing beverage made with quality fats from cocoa butter and MCT oil, meaning customers can enjoy their morning cup of coffee as part of a ketogenic diet, fasting regimen or part of a he
NEXE Innovations forms partnership with full-service Amazon agency Orca Pacific
Orca will be instrumental in the development and execution of its Amazon store sales strategy for its XOMA Superfoods product line
NEXE Innovations says its XOMA Superfoods has launched Mindful Mushroom coffee
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
NEXE Innovations closes C$34.5 oversubscribed bought deal financing to ramp up plant-based tech production
NEXE said it plans to use the net proceeds of the offering to increase production capacity, pursue strategic acquisitions, develop new products, as well as for general corporate purposes
NEXE Innovations significantly increases size of "bought deal" financing to raise aggregate gross proceeds of C$30M
A syndicate of underwriters led by Canaccord Genuity have now agreed to purchase an aggregate of 15,000,000 units of the company at a price of C$2.00 each
NEXE Innovations to raise C$8M in a bought deal financing
NEXE said it intends to use the net proceeds to increase production capacity, for strategic acquisitions and new product developments, as well as for general corporate purposes
NEXE Innovations says its Xoma Superfoods eCommerce store is now live
The company has developed a patented, fully compostable, plant-based, single-serve coffee pod as an alternative to petroleum-based ones
NEXE Innovations on track to launch its Xoma Superfoods ecommerce store on April 6
The store will offer Xoma Superfoods coffee products, featuring its XOMA Coffee Fortified with MCT, packaged in NEXE's fully compostable, plant-based capsules which are compatible with Keurig single-serve systems
NEXE Innovations set to fully launch its XOMA Superfoods product line after a stellar pilot debut
NEXE said the first of three 12-count coffee products will be available April 6 on the company’s eCommerce store
NEXE Innovations announces plans for vertical integration to accelerate growth
Using proven technologies, it has developed in collaboration with leading experts in plant-based materials, the company will now bring key manufacturing processes to commercial scale in-house
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NEXE Innovations awarded grant from government of British Columbia
The company said the $300,000 grant will be used to support its research into new plant-based compostable materials as well as the commercialization of its single-serve beverage pod products
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NEXE Innovations begins development of compostable facemasks
The plant-based materials company said it is aiming to complete a functional prototype of the facemask this year
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NEXE Innovations completes construction of its proof-of-concept Nespresso Coffee Automation Line
The customized Nespresso Coffee Line is the last piece required to commission and launch its fully compostable Nespresso-compatible pod in early Q3 2021
NEXE says its XOMA Superfoods online store sold out of initial inventory of proprietary pods under pilot launch
NEXE's XOMA Superfoods online store just opened to the public on February 5 with its initial Micro-Ground Soluble Coffee with medium-chain triglycerides oil offering
NEXE Innovations to launch XOMA Superfoods line on February 5
The product line will begin with a micro-ground soluble coffee available for sale on the Xoma.ca website
NEXE files 10 US patent applications to cover design and function of single-serve coffee pods
The applications cover systems, methods, and materials for improving the quality, consistency, and compostability of plant-based packaging
NEXE divulges rapid plant expansion, doubling its operating footprint
The Vancouver-based leader in plant-based compostable technology said it will be doubling its footprint from its existing 10,000 square foot to nearly 20,000 square foot
NEXE Innovations wins $1 million award from the Canadian government
The company said the award will support the high-speed manufacturing of NEXE Nespresso-Compatible pods following the announcement of best-in-class composting results last week
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