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Retail & consumer

NEXE Innovations receives early purchase order from ecoBeans Coffee

NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) announced that it has received a second purchase order from ecoBeans Coffee Inc ahead of schedule.

The manufacturer of compostable and innovative materials said the order was driven by stronger-than-expected demand from the retail and office coffee services (OCS) markets.

The order is expected to be fulfilled within the current fiscal quarter, according to a statement from NEXE.

This purchase order follows the successful initial launch of a new product line, according to Alina Gogoescu, Founder of ecoBeans.

"We are thrilled with the initial launch of our new product line, which we believe has exceeded expectations," said Gogoescu.

"We are working with NEXE and expect to expand the product line across additional SKUs. For the OCS channel, we are considering targeting additional regional markets."

NEXE, which specializes in compostable single-serve coffee pod capsules, has garnered attention for its BPI-certified products.

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