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NEXE Innovations Provides Corporate Update and Outlook for 2021
NEXE Innovations Provides Corporate Update and Outlook for 2021 Canada NewsWire...
About this update from Nexe Innovations Inc
[{"type":"text","content":"\n \n \n \n NEXE Innovations Provides Corporate Update and Outlook for 2021\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 Jan. 6, 2021\n \n /CNW/ - NEXE Innovations Inc. (TSXV: NEXE) (\"NEXE\" or the \"Company\"), a leader in plant-based materials science and advanced manufacturing technologies, is pleased to highlight our achievements in 2020, and to provide a 2021 outlook.\n \n \n \n \n \n \n \n \n \n Despite a year beset by challenges due to the COVID-19 pandemic, 2020 was a successful year for NEXE with numerous critical milestones reached.  It is our intention to begin providing quarterly reports to our shareholders going forward, allowing investors to closely monitor our progress.\n \n \n \n \n 2020 Highlights\n \n :\n \n \n \n \n Completion of Go-Public Transaction & Board of Directors Formation\n \n \n \n In 2020, we completed, by way of reverse takeover, our qualifying transaction to become a publicly listed company on the TSX Venture Exchange. This major milestone was preceded by various brokered and non-brokered financings raising gross proceeds exceeding\n \n Cdn$20M\n \n over the past 12 months, a significant increase over the original capital raise target. In total, fundraising and government grants have brought in over\n \n Cdn$35M\n \n to NEXE since its inception in 2015.\n \n \n Furthermore, we have strengthened our board of directors with the addition of three new independent members.  This is consistent with best corporate governance practices as the majority of the board will be independent.  The new members include\n \n Haytham Hodaly\n \n (Senior Vice President, Corporate Development of Wheaton Precious Metals Corp.),\n \n Killian Ruby\n \n (President and CEO of Malaspina Consultants Inc.) and\n \n Graham Gilley\n \n (Director of Enterprise Risk Management and Data Protection at a private academic institution). The new board brings decades of experience in corporate finance, public practice accounting and risk management. In addition, and to complem...