VANCOUVER, BC, Dec. 21, 2020
/CNW/ - NEXE INNOVATIONS INC. (TSXV: NEXE) (the
"Company" or "NEXE") is pleased to announce that it
has strengthened its advisory board by appointing seasoned product
marketing, automation and financial advisors to complement the
Board of Directors. The Company is an advanced materials
company which has commercially developed a fully compostable
(plant-based) single-serve coffee pod for use in Keurig Brewing
Systems and will continue its innovation strategy by creating
other high value plant-based products with sustainability as a
primary focus.
"NEXE has undergone several phases of growth since inception,
but there is no phase bigger than our transition into
commercialization as a public company. With growth rates in
our core business accelerating, the need to attract top talent is a
key requirement in driving value to our stakeholders. Being
amongst the largest shareholders of the Company, the management,
board, and advisory board are fully aligned with the interests of
our investors and fully committed to 'best-of-breed' in all facets
of the business. We believe that NEXE now has the right mix
of experienced and independent board members to guide, to shape,
and to support strategy, all while ensuring solid execution.
We would like thank everyone for their commitment to this point and
believe that the best is coming soon," said Ash Guglani,
Co-Founder, Director and President.
The Board of Directors, Officers & Advisory Team are
comprised of the following members:
Darren Footz, CEO, Director,
Co-Founder
A serial entrepreneur, Mr. Footz is the past President of
Granville Island Coffee, a company
he built in 5 years from a small artisan roaster to a national
brand. He is the innovative mind behind the 100% plant-based and
fully compostable NEXE POD. His expertise, dedication and
pioneering ideas are the backbone of our organization.
Rajwant Kang, CPA, CMA, Chief
Financial Officer & Corporate Secretary
Mr. Kang has over 25 years of accounting and finance experience
with public companies is the founder & president of RSK
Management Consulting Inc. a company that provides management
services. He has proficient knowledge of capital markets, raising
capital, M&A and corporate regulation of publicly listed
companies.
Ashvani Guglani, President,
Director, Co-Founder
Mr. Guglani spent 12 years in capital markets with a national
investment bank in Vancouver. As
an original founder of NEXE, he plays an integral role in helping
NEXE in all capacities across financing (public, private and
government), operations, and marketing.
Haytham Hodaly, Independent
Director
Mr. Hodaly is currently the Senior Vice President, Corporate
Development of Wheaton Precious Metals and brings with him more
than 23 years of experience in analyzing mining opportunities.
Prior to joining Wheaton Precious Metals, Mr. Hodaly had spent more
than 16 years in the North American securities industry, most
recently as Director and Mining Analyst, Global Mining Research, at
RBC Capital Markets. Mr. Hodaly is an engineer with a Bachelor of
Applied Science in Mining and Mineral Processing Engineering and a
Master of Engineering, specializing in Mineral Economics, both
obtained from the University of British
Columbia.
Killian Ruby, Independent
Director
Mr. Ruby is the president and chief executive officer of
Malaspina Consultants Inc. in Vancouver, and focuses on clients in the
resource and junior public sector. Mr. Ruby advises clients on
matters related to financial management and public company
reporting, and is particularly adept at handling complex issues and
multiple stakeholders with a collaborative, team-based approach.
Prior to joining Malaspina, Mr. Ruby was an assurance partner at
Wolrige Mahon LLP (now Baker Tilly Canada) working predominantly
with resource and other junior public companies, and formerly was a
senior manager with KPMG LLP working on a range of public companies
and reporting issuers.
Graham Gilley, Independent
Director
Mr. Gilley is currently a Director of Enterprise Risk Management
and Data Protection at Mulgrave School – The International School
of Vancouver. For the past 15
years, he has been responsible for the leadership, innovation,
governance, and management of the school's operational, financial,
and strategic risks. By developing tools, practices, and policies
that analyze and report enterprise risks, he has been able to
create and implement an enterprise risk management framework in
compliance with applicable regulations and strategic priorities.
Previously, Graham was Executive Director of Ideation &
Development with Cloud9 Secure Digital Services, where he drove the
creation of applications to help power mobile online banking in the
Canadian market.
Anthony Rosenfeld,
Advisor
Anthony holds 20 years of experience in marketing, strategy and
business development. He joined Vega where he built a 50-member team that
developed a leading marketing program overseeing consumer, trade,
PR, creative and digital marketing.
Paul Bhogal, Advisor
Paul has over 20 years of manufacturing and automation
experience. He grew a small family Hamilton-based machine shop into a Tier 1
& 2 automotive production machining/assembly/testing facility
with two locations in Ontario and
one in Saltillo, Mexico. Paul will
be focused on defining, sourcing and implementing manufacturing
capacity at G-PAK to ensure fulfilment of customer requirements in
a timely, cost-effective, and quality sensitive manner.
Don Chisholm, Advisor
For over 30 years, Don Chisholm
has been working at the intersection of business and design. With a
unique skillset that balances creativity with innovation and
strategy with operations, Don is passionate about working closely
with entrepreneurs, executives and marketers to transform
businesses and generate results.
Leonard Clough,
Advisor
Leonard began his career at RBC Dominion Securities in 1998 and
spent 13 years in investment management. In 2013, he founded Toro
Pacific Management Inc, a capital markets advisory firm focusing on
high growth, early-stage companies looking to access the Canadian
capital markets. Mr. Clough has extensive public company
experience, has worked in senior management roles including CEO,
has served as a Director of several public companies, has
structured transactions and executed several capital formation
mandate over a variety of sectors.
Finally, the NEXE Innovations team would like to wish Season's
Greetings to all of its stakeholders, team members and partners.
This past year has been a difficult one for many and we would like
to wish a safe, happy, and prosperous 2021 filled with good
health.
We will be updating our initiatives to our stakeholders in the
coming weeks with our corporate update.
About NEXE Innovations Inc.
NEXE Innovations Inc. is a well financed, British Columbia-based advanced materials
company which has developed a fully compostable (plant-based)
single-serve coffee pod for use in Keurig Brewing Systems. The
Company purchased its facility in Surrey,
British Columbia in 2016. In addition, the Company has
developed custom automation through its European and Canadian
partners enabling the Company to commercialize its proprietary
capsules. The Company believes that the NEXE POD can eventually
eradicate the waste created by single serve capsules. The Company's
goal is to attract and sustain a significant portion of the single
serve market, as there is a growing demand for environmentally
friendly and sustainable products.
For additional information, please contact:
Ash
Guglani, President at (604) 359-4725
or visit: nexeinnovations.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this release are forward-looking
statements or information, which include the proposed use of
proceeds, commercialization of the NEXE PODs and increase
production capacity, create other environmentally friendly
compostable packaging opportunities, the date of trading of the
Company's common shares on the Exchange, development of
technologies, the potential of the Company's technology, future
plans, regulatory approvals and other matters. Forward-looking
statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or
intentions regarding the future. Such information can generally be
identified by the use of forwarding-looking wording such as "may",
"expect", "estimate", "anticipate", "intend", "believe" and
"continue" or the negative thereof or similar variations. The
reader is cautioned that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events or
circumstances may cause actual results to differ materially from
those predicted, as a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the
control of the Company, including but not limited to, business,
economic and capital market conditions, the ability to manage
operating expenses, consumer demand for and sentiment towards the
Company's products, security threats, and dependence on key
personnel. Such statements and information are based on numerous
assumptions regarding present and future business strategies and
the environment in which the Company will operate in the future,
including the demand for its products, anticipated costs, and the
ability to achieve goals. Factors that could cause the actual
results to differ materially from those in forward-looking
statements include, failure to obtain regulatory approval, the
continued availability of capital and financing, equipment
failures, litigation, increase in operating costs, the impact of
Covid-19 or other viruses and diseases on the Company's ability to
operate, competition, failure of counterparties to perform their
contractual obligations, government regulations, loss of key
employees and consultants, and general economic, market or business
conditions. Forward-looking statements contained in this news
release are expressly qualified by this cautionary statement. The
reader is cautioned not to place undue reliance on any
forward-looking information.
The forward-looking statements contained in this news release
are made as of the date of this news release. Except as
required by law, the Company disclaims any intention and assumes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Neither the TSX Venture Exchange nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE Nexe Innovations Inc.