NEXE plans to launch XOMA on Feb 5
by CM Staff
The Company's fully compostable plant-based NEXE pod is a delivery mechanism for future Xoma products, while adhering to NEXE's environmental, social, and corporate governance (ESG) goals.
NEXE Launches XOMA Feb 5th Using Its Proprietary Capsule
VANCOUVER — NEXE Innovations Inc., a plant-based materials science and manufacturing technology company, announces the commercialization of its proprietary pod for single-serve use in Keurig brewing systems with our premium XOMA Superfoods line. The Xoma Superfoods pilot launch will begin with a micro-ground soluble coffee with Organic MCT (Medium-Chain Triglycerides). NEXE anticipates that its Xoma Superfoods product will be available for sale at Xoma.ca on February 5th, 2021.
Company Co-Founder and CEO Darren Footz commented, “This is a pivotal milestone for us. With almost six years from concept to commercialization, this innovative product will be the first time the public will be able to touch, see, and enjoy the great taste that our pod is able to deliver. Consumers will now be able to savor their coffee without the waste associated with typical single-serve beverages. Our Xoma offering, including the packaging, will be environmentally-friendly. Initial demand is strong, and we will be expanding our offerings in the near term.”
This launch is intended to be the first in a series of product releases designed to meet demand from health and environmentally conscious consumers. The Xoma Superfoods line is designed to combine personal wellness and sustainability in a premium product for health and environmentally conscious consumers.
The Company’s fully compostable plant-based NEXE pod is a delivery mechanism for future Xoma products, while adhering to NEXE’s environmental, social, and corporate governance (ESG) goals.
Ash Guglani, President, stated, “We are proud to say that in addition to the $14.2M that the Company raised in its December 2020 financing, NEXE has received more than $3M from warrant exercises to date. The Company remains fully funded to fulfill its capital requirements. Funds raised to date will be used to scale our direct-to-consumer Xoma Superfoods brand as well as continue to bring additional revenue-generating initiatives on-line.”
