VANCOUVER, BC, Dec. 8, 2021 /CNW/ - NEXE Innovations Inc.
("NEXE" or the "Company"), (TSXV: NEXE) (OTC Markets: NEXNF)
(Frankfurt: NX5), a leader in plant-based materials manufacturing,
is pleased to announce that, as part of its on-going initiative to
progress its corporate governance practices leading up to its first
year anniversary of its TSXV listing, the Board of Directors of
NEXE has unanimously appointed Graham
Gilley as the Lead Independent Director and formed a
Compensation Committee constituted entirely of independent
directors with Haytham Hodaly
serving as its Chair. Among other things, the Lead
Independent Director will serve as a liaison between the Board and
management, review and provide input on Board meeting agendas,
preside over any meeting at which the Chair is not present, call
meetings of the independent Directors when necessary and
appropriate, and apprise the Chair of the issues considered at such
meetings. NEXE is not required under securities laws to adopt
these corporate initiatives and is doing so as part of its
commitment to adopt best practices across its growing
organization.
NEXE is also announcing that the Company accepted Ed Duda's resignation from his role as Chief
Financial Officer of the Company effective January 17, 2022 to pursue opportunities outside
of the Company. NEXE wishes Mr. Duda success in his future
endeavors. The Company has initiated a search for a permanent Chief
Financial Officer with the requisite capabilities, qualifications
and experience to help accelerate Nexe's growth and the on-going
commercialization of its products.
*NEXE Innovations Inc. is not affiliated with, endorsed, or
sponsored by Keurig®. Keurig® is a registered trademark of Keurig
Dr Pepper Inc.
About XOMA Superfoods
XOMA Operations Inc. is a subsidiary of NEXE Innovations Inc.
XOMA Superfoods produces and distributes high-quality coffee and
superfood ingredients packaged exclusively in single-serve, fully
compostable, plant-based pods. Learn
more: https://xomasuperfoods.com/and find XOMA on Instagram at
@xomasuperfoods
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, >50 billion of which are discarded every
year. With over $60M raised to date
from equity and government funding and over five years of R&D,
NEXE is well-positioned to meet the growing demand for
environmentally friendly and sustainable products in the
single-serve coffee sector and beyond. Learn
more: https://nexeinnovations.com/
Social
Media
https://twitter.com/nexeinnovations
https://www.facebook.com/nexeinnovations
https://www.linkedin.com/company/nexeinnovations
https://www.instagram.com/nexeinnovations
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.
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, the NEXE Keurig compatible pod, the XOMA
Superfoods product lines, development of the NEXE Mask, and
increase production capacity, growth in our distrubtion channels,
creation of 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, dependence on key personnel, shortage of qualified
personnel and supply chain disruptions. 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.