Thursday 28 March 2024
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Nexe has sold out its online Xoma Superfoods initial inventory under pilot launch

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VANCOUVER, BC, Canada – Nexe Innovations Inc. announced that the XOMA Superfoods online store, which the Company just opened to the public on February 5th, has completely sold out of its initial inventory of its proprietary pods under the pilot launch. XOMA Superfoods, with its initial Micro-Ground Soluble Coffee with medium-chain triglycerides (MCT) oil offering, is the first commercial product released by NEXE.

President Ash Guglani stated, “We are extremely pleased that our first commercial offering has completely sold out in such a short period of time. Although this is a pilot program for the Company to better grasp the dynamics involved with operating an online store, we are blown away by the interest that we have received for our XOMA Superfoods launch.

This has validated our thesis of combining coffee with superfoods, namely, MCT oil in this case, encapsulated in our fully compostable and proprietary pod. We are now faced with the great problem of not only delivering more coffee and MCT-filled pods to the market but also expanding out our superfoods portfolio.”

NEXE Innovations kindly thanks all of its customers for their purchases and looks forward to releasing additional coffee and MCT-filled pods as well as providing more superfoods SKUS to its lineup.

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About NEXE Innovations Inc.

NEXE Innovations Inc. is a leader in plant-based compostable technology and advanced materials innovation based in British Columbia, Canada . The company has developed one of the only patented, fully compostable, plant-based, single-serve coffee pods for use in existing major single-serve coffee machines.

The proprietary NEXE pod is designed to reduce the significant environmental impact caused by single-serve pods (+40 billion plastic pods discarded every year). With over $35M raised (equity and government funding) to date and over five years of R&D, NEXE is well-positioned to meet the growing demand for environmentally friendly and sustainable products in the single-serve coffee sector and beyond.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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