WINDSOR,
ON, June 5, 2024 /CNW/ - NEXE Innovations Inc.
("NEXE", the "Company", "we", "us" or "our") (TSXV: NEXE)
(Frankfurt: NX5) (OTCQB: NEXNF), a leader in innovative compostable
materials solutions, is pleased to announce that the Company's
common shares have been approved to trade on the OTC Market's Group
Inc.'s OTCQB Venture Market (the "OTCQB") in the United States, under the ticker symbol
"NEXNF", effective as of the open of trading on June 5, 2024.
"We believe this listing will allow us to further grow our
shareholder base in the United
States, a key market for our products," stated Ash
Guglani, President & Co-founder, NEXE Innovations, "We are
excited to share our story and how we are revolutionizing the
coffee industry with our BPI-certified compostable coffee pod,
compatible with popular brewing machines like Keurig*.
With our end-to-end in-house manufacturing facility based on the
border of Canada-U.S. and strong financial position, in our
opinion, NEXE is well-equipped to help coffee companies achieve
their sustainability goals while disrupting the single-use beverage
plastics market."
The OTCQB is recognized as an "established public market" by the
U.S. Securities and Exchange Commission and is a leading market for
U.S. and international companies in the entrepreneurial and
development stage. To be eligible, companies must be current in
their financial reporting, pass a minimum bid price test, and
undergo an annual company verification and management certification
process. We believe the OTCQB quality standards provide a strong
baseline for transparency, as well as the technology and regulation
to improve the information and trading experience for investors. As
a verified market with efficient access to U.S. investors, OTCQB
helps companies build shareholder value with the goal of enhancing
liquidity and achieving a fair valuation.
OTC Markets Group Inc. is an American financial market that
provides price and liquidity information for almost 10,000
over-the-counter securities. The group's headquarters are in
New York City. OTC securities are
organized into three markets to inform investors of opportunities
and risks: OTCQX, OTCQB, and Pink.
*NEXE Innovations Inc. is not affiliated with,
endorsed, or sponsored by Keurig®. Keurig® is a registered
trademark of Keurig Dr Pepper Inc.
**NEXE Innovations Inc. is not affiliated with, endorsed, or
sponsored by Nespresso®. Nespresso® is a registered trademark of
Société des Produits Nestlé S.A
About NEXE Innovations Inc.
NEXE Innovations is focused on providing innovative compostable
material solutions and packaging to the B2B segment to help
businesses achieve their sustainability goals. NEXE Innovations has
developed a proprietary and patented compostable material that can
withstand heat, pressure, and water. Our flagship product, the NEXE
Pod, a BPI-certified compostable coffee pod, showcases our
material's durability and is an ideal substitute for plastic.
The NEXE pod is compatible with major coffee brewing machines
and is manufactured at NEXE's vertically integrated facility based
in North America. Discover our
innovative approach to sustainability at www.nexeinnovations.com
and join our journey on social media @nexeinnovations.
#compostablecoffeepods #sustainability #greentech
On behalf of the Company:
Ash Guglani
President & Director
For investor relations contact:
Kam Mangat
VP, Investor Relations & Corporate
Strategy
invest@nexeinnovations.com
Office
+1-604-359-4725
Mobile +1-604-359-4742
For media relations
contact: media@nexeinnovations.com
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, but are
not limited to, statements in respect of the Company expectations
of the impact of the OTCQB listing on the Company's shareholder
base. 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 those risks set out in the Company's management's
discussion and analysis for year ended May
31, 2023 and quarter ended February
29, 2024 under the headings "Risk and Uncertainties". 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.
Factors that could cause the actual results to differ materially
from those in forward-looking statements include the investor
acceptance of the NEXE common shares on the OTCQB. 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.