NEXE Provides Update on Key Company Milestones

About this update from Nexe Innovations Inc

[{"type":"text","content":"\n \n \n \n NEXE Provides Update on Key Company Milestones\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 PR Newswire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 1, 2021\n \n /PRNewswire/ -\n \n NEXE Innovations Inc.\n \n (TSXV: NEXE) (\"NEXE\" or the \"Company\"), a leader in plant-based materials manufacturing, is pleased to provide shareholders with an update of operational highlights since its go-public transaction on\n \n December 18, 2020\n \n , including the close of a\n \n C$34.5M\n \n bought-deal financing.\n \n \n \n \n \n \n \n \n \n \n Highlights:\n \n \n \n Financial\n \n \n \n Raised in excess of\n \n C$50M\n \n of capital since initial public offering\n \n \n Received support and validation from the federal and provincial governments in the form of grants and awards including\n \n C$1M\n \n from Innovative Solutions Canada and\n \n C$300k\n \n from Innovate BC\n \n \n Received eligibility for trading with the U.S. Depository Trust Company (DTC)\n \n \n \n Sales and Product\n \n \n \n Commercialized NEXE's proprietary, fully compostable pods via the Company's in-house XOMA Superfoods product lineup and online store with multiple SKUs for use with Keurig® brewing systems\n \n \n Commercialized NEXE's proprietary, fully-compostable pods for use with Nespresso® OriginalLine machines\n \n \n Investment in compounding and injection molding allows NEXE to rapidly develop new packaging concepts\n \n \n Initiated a plan to expand online sales channels\n \n \n Since\n \n Dec 18, 2020\n \n , NEXE has filed 6 Utility Patent Applications in both the US and PCT (Patent Cooperation Treaty) and 16 additional Provisional Patent Applications.\n \n \n \n Operational\n \n \n \n Took delivery of key equipment for the commercialization of fully compostable pods for both the Keurig® style and Nespresso® style pods\n \n \n Developed initial infrastructure for full in-house vertical integration and a \"Made in\n \n North America\n \n \" manufacturing strategy\n \n \n Doubled footprint in\n \n Surrey\n \n to 20,000 square feet\n \n \n Added seve...

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