VANCOUVER, BC, April 16, 2021
/CNW/ - NEXE Innovations Inc. (TSXV: NEXE) ("NEXE" or the
"Company"), a leader in plant-based materials manufacturing, is
pleased to announce that its common shares are now eligible for
electronic clearing and settlement through the Depository Trust
Company ("DTC") in the United
States.
DTC is a subsidiary of the Depository Trust & Clearing
Corporation, a U.S. company that manages the electronic clearing
and settlement of publicly traded companies. Securities that are
eligible to be electronically cleared and settled through DTC are
considered to be "DTC eligible". DTC eligibility is expected to
simplify the process of trading and enhance liquidity of the
Company's common shares in the United
States.
Ash Guglani, President and director of the Company, comments
"The ability to have the Company's shares electronically
transferred between brokerages in the
United States is significantly more convenient and reduces
the costs incurred in trading shares. The Company's shares
now traded electronically, existing investors benefit from greater
liquidity and execution speeds, while we've also opened the door to
new investors that may have been previously restricted from our
stock."
About NEXE Innovations Inc.
NEXE Innovations Inc. is a
leader in plant-based compostable technology and advanced materials
manufacturing based in British Columbia,
Canada. The company has developed one of the only patented,
fully compostable, plant-based, single-serve coffee pods for use in
leading single-serve coffee machines. The proprietary NEXE pod is
designed to reduce the significant environmental impact caused by
single-serve pods, >40 billion of which are discarded every
year. NEXE is well-positioned to meet the growing demand for
environmentally friendly and sustainable products in the
single-serve coffee sector and beyond.
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.
Social Media
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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,
including the NEXE Nespresso Compatible Pod, increase production
capacity, demand and/or sales of its products, create other
environmentally friendly compostable packaging opportunities,
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.
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SOURCE Nexe Innovations Inc.