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NEXE and Rritual Sign Deal to Collaborate on New Superfoods Products in NEXE Compostable Pods
NEXE and Rritual Sign Deal to Collaborate on New Superfoods Products in NEXE Compostable ...
About this update from Nexe Innovations Inc
[{"type":"text","content":"\n \n \n \n NEXE and Rritual Sign Deal to Collaborate on New Superfoods Products in NEXE Compostable Pods\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n May 20, 2021\n \n /CNW/ -\n \n NEXE Innovations Inc. (\"NEXE\" or the \"Company\")\n \n (TSXV: NEXE) (OTC Markets: NEXNF) (Frankfurt: NX5), is pleased to announce that it has signed a non-binding letter of intent dated\n \n May 15, 2021\n \n with Rritual Superfoods Inc. (\"Rritual\")\n \n \n (CSE: RSF) (FWB: 0RW) The parties plan to form a strategic alliance leveraging the combined strengths of each organization. Rritual's product development for innovative adaptogens, combined with NEXE's plant-based, single serve packaging, will maximize the consumer experience.\n \n \n \n \n \n \n \n \n \n \"\n \n NEXE is thrilled with our first strategic partnership\n \n \" stated\n \n Darren Footz\n \n , CEO of NEXE. \"\n \n Aligning with Rritual will increase sales for fully-compostable capsules delivering on our mission to eliminate single use plastic. The single serve format will enhance the superfood experience\n \n and\n \n we look forward to working with Rritual to meet their compostable packaging needs.\n \n \"\n \n \n NEXE and Rritual will work together, building on their initial feasibility work, which includes product testing in the areas of taste profile and mixability. The anticipated initial product will be branded as Rritual Superfoods Pod 'powered by NEXE.' This product line will be added: to Rritual's current SKUs for online sales; to CROSSMARK sales and distribution network, which includes over 3,000 retailers; and made available to other current and future retailers. Mass retail buyers have indicated that non-biodegradable plastic beverage pods will be phased out of stores in the future, necessitating innovation and leadership.\n \n \n \"\n \n 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\...