Monday 22 April 2024
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Rritual and Nexe plan a partnership for compostable superfood products

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VANCOUVER, BC, Canada – Rritual Superfoods Inc. announces that the Company has signed a non-binding Letter of Intent with NEXE Technologies Corp. (TSXV: NEXE) with the intent to form a strategic alliance leveraging the combined strengths of each Company featuring product development and commercialization for innovative superfoods beverage products, utilizing NEXE’s proprietary plant-based, compostable packaging.

“Rritual aims to define the superfoods category throughout the North American retail landscape, driving consumer loyalty with unmatched products that can be held to the highest standard on all fronts,” noted Rritual CEO, Mr. David Kerbel. “Together, Rritual and NEXE can achieve a shared set of objectives, demonstrating best practices for plant-based, compostable packaging for an exclusive line of beverage products – something we see today as critical to our brand promise, but which in the future will be necessitated, as mass retail buyers we are working with have indicated.”

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Rritual, NEXE Letter of Intent Highlights

  • Rritual and NEXE aim to form strategic alliance for product development and commercialization collaboration toward a line of innovative superfood-based beverages
  • Rritual, in aiming to define the superfoods category, through its collaboration with NEXE will be establishing best practices in plant-based, compostable packaging to satisfy retail and consumer demand
  • Mass retail buyers have indicated that non-biodegradable plastic beverage pods will be phased out of stores in the future, necessitating innovation and leadership

“Partnering with Rritual Superfoods helps expand the sales of our proprietary fully-compostable and K-Cup brewing systems-compatible pod.” stated Darren Footz, CEO of NEXE. “The Rritual team is comprised of seasoned and experienced CPG veterans which further validates NEXE’s plant-based pods as the best-in-class pod for beverage products. We look forward to working with Rritual to meet their sustainable and compostable packaging needs.”

Rritual product offerings are all USDA-certified organic that can be mixed with other beverages or enjoyed by itself. Rritual’s proprietary Immune-Synergy Six Mushroom Blend is the only functional health product on the market that contains a daily prebiotic blend which nourishes a healthy gut microbiome and facilitates balanced digestive function.

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