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Nexe Innovations Inc
Symbol NEXE
Shares Issued 97,293,297
Close 2025-01-21 C$ 0.35
Market Cap C$ 34,052,654
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Nexe Innovations receives another order from Bridgehead

2025-01-21 17:11 ET - News Release

Mr. Ash Guglani reports

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

Nexe Innovations Inc. has received its third purchase order from Bridgehead Coffee, a proudly Canadian-owned and operated business with over 40 years of history.

In the company's 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 the company believes 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 on-line through Bridgehead's website.

"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 coffee houses 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.

About Nexe Innovations Inc.

Nexe Innovations is focused on providing innovative compostable material solutions and packaging to the business-to-business (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. Its flagship product, the Nexe pod, a BPI-certified compostable coffee pod, showcases the company's 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.

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