NEXE Innovations Secures Third Purchase Order From Bridgehead Coffee
The third purchase order in under two months highlights the increasing demand in NEXE's sustainable, BPI-certified compostable coffee pods
WINDSOR, ON, Jan. 21, 2025 /CNW/ - NEXE Innovations Inc. ("NEXE", the "Company", "we", "us" or "our") (TSXV: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce its third purchase order from Bridgehead Coffee ("Bridgehead"), a proudly Canadian-owned and operated business with over 40 years of history.
In our view, the continued demand for NEXE's BPI-certified compostable coffee pods reflects the growing market traction of NEXE's BPI-certified compostable coffee pods, which we believe align with consumer demand for eco-friendly alternatives. NEXE entered a two-year master manufacturing agreement with Bridgehead in December 2024.
Bridgehead, a proudly Canadian-owned business with a rich 40-year history, embraces NEXE's proprietary compostable technology to enhance its product offerings. Under a two-year master manufacturing agreement established in December 2024, NEXE is currently supplying Bridgehead's popular coffee blends, Centro House and Bytown Boom, in fully compostable pods. These blends are now available at select Farm Boy retail locations and online through Bridgehead's website: https://www.bridgehead.ca/.
"We believe the continued positive response to these products indicates a market for sustainable coffee solutions and in particular, the NEXE BPI-certified compostable coffee pod," said Ash Guglani, President of NEXE Innovations. "Our compostable pods offer a seamless brewing experience while addressing environmental concerns, which in our view, makes them a perfect fit for conscientious consumers. This collaboration supports our efforts to build momentum and scale as we move into 2025."
Bridgehead was one of the first coffeehouses in Canada to serve Fairtrade and Organic coffee. Bridgehead operates 17 coffeehouses in Ontario and is a wholesale partner with retail and grocery chains, including Costco, Whole Foods Market, Longo's, and Farm Boy. Bridgehead also sells its products through its website: https://www.bridgehead.ca/.
About NEXE Innovations Inc.
NEXE Innovations is focused on providing innovative compostable material solutions and packaging to the B2B segment to help businesses achieve their sustainability goals. NEXE Innovations has developed a proprietary and patented compostable material that can withstand heat, pressure, and water. Our flagship product, the NEXE Pod, a BPI-certified compostable coffee pod, showcases our material's durability and is an ideal substitute for plastic. The NEXE pod is compatible with major coffee brewing machines and is manufactured at NEXE's vertically integrated facility based in North America. Discover our innovative approach to sustainability at www.nexeinnovations.com and join our journey on social media @nexeinnovations. #compostablecoffeepods #sustainability #greentech
On behalf of the Company:
Ash Guglani
President & Director
For investor relations contact:
Kam Mangat
VP, Investor Relations & Corporate Strategy
[email protected]
Office +1-604-359-4725
Mobile +1-604-359-4742
For media relations contact: [email protected]
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.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this release are forward-looking statements or information, which include, but are not limited to, statements in respect of Bridgehead Master Manufacturing Agreement and the increasing market for NEXE's BPI-certified compostable coffee pods. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, the Company's ability to execute on its business strategy and those risks set out in the Company's management's discussion and analysis for year ended May 31, 2024 under the headings "Risk and Uncertainties". Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include receipt of necessary approvals and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Nexe Innovations Inc.
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