WINDSOR, ON, USA – NEXE Innovations Inc., a leader in innovative compostable materials solutions, is pleased to announce that the Company’s common shares have been approved to trade on the OTC Market’s Group Inc.’s OTCQB Venture Market (the “OTCQB”) in the United States, under the ticker symbol “NEXNF”, effective as of the open of trading on June 5, 2024.
“We believe this listing will allow us to further grow our shareholder base in the United States, a key market for our products,” stated Ash Guglani, President & Co-founder, NEXE Innovations, “We are excited to share our story and how we are revolutionizing the coffee industry with our BPI-certified compostable coffee pod, compatible with popular brewing machines like Keurig*.
With our end-to-end in-house manufacturing facility based on the border of Canada-U.S. and strong financial position, in our opinion, NEXE is well-equipped to help coffee companies achieve their sustainability goals while disrupting the single-use beverage plastics market.”
The OTCQB is recognized as an “established public market” by the U.S. Securities and Exchange Commission and is a leading market for U.S. and international companies in the entrepreneurial and development stage. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process.
We believe the OTCQB quality standards provide a strong baseline for transparency, as well as the technology and regulation to improve the information and trading experience for investors.
As a verified market with efficient access to U.S. investors, OTCQB helps companies build shareholder value with the goal of enhancing liquidity and achieving a fair valuation.
OTC Markets Group Inc. is an American financial market that provides price and liquidity information for almost 10,000 over-the-counter securities. The group’s headquarters are in New York City. OTC securities are organized into three markets to inform investors of opportunities and risks: OTCQX, OTCQB, and Pink.
*NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Keurig®. Keurig® is a registered trademark of Keurig Dr Pepper Inc.
**NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Nespresso®. Nespresso® is a registered trademark of Société des Produits Nestlé S.A
