NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) announced the continued expansion of its proprietary compostable, single-serve coffee pod production at the Windsor Facility.
The company said it is currently fulfilling a purchase order from Neighborhood Coffee Company and has made a second delivery of its Biodegradable Products Institute (BPI) certified compostable pods to Awaken Brands Ventures Ltd for their "ecobeans" product line.
NEXE's Windsor Facility has been steadily increasing the production of its BPI-certified compostable pods.
In a statement, the Vancouver-based company said that collaborating with esteemed artisanal roasters like Neighbourhood Coffee Company and securing orders from forward-thinking companies like Awaken Brands Ventures Ltd lays the foundation for recurring revenues.
The company is also actively engaged in discussions with other coffee roasters to explore private label opportunities, it added.
Ash Guglani, President of NEXE Innovations, emphasized the positive reception their compostable pods have received.
"We believe the positive reception is undeniable, paving the way for a stronger base of recurring revenues,” Guglani said. “No longer do consumers need to choose between convenience and the environment while enjoying a superior coffee experience."