NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF)., a leader in plant-based materials manufacturing, announced that it is adding a second and third premium espresso product to its lineup.
The Vancouver-based company said that the two additional coffee products will launch on October 8, 2021, in the US and Canada at nexecoffee.com.
NEXE Coffee is packaged exclusively in the company's proprietary, made in North America, single-serve, fully compostable, plant-based NEXE pod. The pods for this product line are compatible with the popular Nespresso OriginalLine machines. Both new coffees are available in packages of 10, 20, or 30 pods, said the company.
READ: Nexe Innovations brews industry disruption with its compostable plant-based coffee pods
"We are very proud of these two new coffee products that will help us to serve the over US$25 billion single-serve coffee pod market. Coffee continues to be our main focus and we are very excited to add more coffee SKUs to our product line-up," NEXE President Ash Guglani said in a statement.
"As we enter Fall, we are primed to give our customers a convenient, great tasting and a hassle-free, zero-waste experience to kick off their workday, school day, or simply to enjoy a premium experience at home."
The new NEXE Espresso blends include:
- Medium Roast Espresso Blend: Full-bodied and smooth, NEXE's medium roast espresso brings together high-grade, certified organic beans, roasted in small batches. The company works with women-led cooperatives in Sumatra to source beans that are sustainably grown, as well as with producers in Peru and Ethiopia;
- French Roast Espresso Blend: Grown in the rugged mountain jungles of Sumatra, NEXE's french roast has a clean, juicy body, with hints of lemon-lime, cacao, pipe tobacco, light ginger, and a long finish. The certified organic beans are cultivated, harvested, hand sorted and wet hulled by a women-led cooperative.
"We have chosen our partners with values that reflect our own, for their social and environmentally sustainable practices, as well as for their great coffee," added Guglani who co-founded NEXE. "The beans are ground and packaged at our facility and sealed for freshness in our NEXE pod."
It took over six years of research and development to create the NEXE pod, which can break down in as little as 30 days in a municipal composting facility, which is the same time it takes for an apple core to decompose.
More than 59 billion coffee pods are consumed each year with an estimated 56 billion single serve plastic pods winding up in landfills. Standard coffee pods take hundreds of years to break down, leaving behind contamination and microplastics.
The two new products complement NEXE's first espresso product made from three hand-selected Ethiopian, Sumatran, and Peruvian beans. “The premium blend has a well-balanced exotic flavour, a sweet brown sugar, vanilla, and honey aroma, as well as a clean, smooth, juicy, medium body,” said the company.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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