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Nexe Files Annual Financial Statements and MD&A
Nexe Files Annual Financial Statements and MD&A Nexe Files Annual Financial...
About this update from Nexe Innovations Inc
[{"type":"text","content":"\n \n \n \n Nexe Files Annual Financial Statements and MD&A\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 Nexe Files Annual Financial Statements and MD&A\n \n \n PR Newswire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Sept. 29, 2021\n \n /PRNewswire/ -\n \n \n NEXE Innovations Inc.\n \n \n (\"NEXE\" or the \"Company\") (TSXV: NEXE) (OTC Markets: NEXNF) (Frankfurt: NX5), is pleased to announce that the audited financial statements for the year ended\n \n May 31, 2021\n \n , the related management's discussion and analysis, and associated officer's certifications (collectively, the \"Annual Filings\") have been filed with the applicable securities commissions and are available on\n \n www.sedar.com\n \n .\n \n \n \n \n \n \n \n \n \n During the year end\n \n May 31, 2021\n \n , the Company achieved the following key milestones for commercializing the fully compostable NEXE pod:\n \n \n \n NEXE Pod for use in Keurig brewing systems is compostable in as little as 35 days.\n \n \n NEXE Premium Espresso pods that are compatible with Nespresso® OriginalLine achieved 100% breakdown by composting within 10 weeks.\n \n \n Completed factory and site acceptance testing for dosing and sealing machines for the NEXE Pod in the Nespresso OriginalLine Format.\n \n \n Completed commercialization of the NEXE Soluble Pod (i.e., Superfoods like MCT, Keto and Mushroom)\n \n \n Announced Pilot Launch Nespresso Original Line compostable capsule subsequent to the end of year and soon to add more roast profiles (NexeCoffee.com).\n \n \n \n With cash and cash equivalents totaling\n \n CAD$50,726,731\n \n and working capital of\n \n CAD$49,501,770\n \n as at\n \n May 31, 2021\n \n , NEXE is well-positioned at the forefront of advanced material manufacturing and automation to meet the growing demand for environmentally friendly sustainable products in the single-serve coffee sector and beyond.\n \n \n At the Company's request, the British Columbia Securities Commission granted a management cease trade order (the \"MCTO\").  The application for the MCTO was made by the Com...