NEXE Innovations Inc. (CVE:NEXE) (OTCMKTS:NEXNF) (FRA:NX5) said it has signed a commercial relationship with Vejii Holdings Ltd., with the intent to sell NEXE's XOMA Superfoods line on Vejii's e-commerce marketplace - https://shopvejii.com/brand/xoma/ - in the US.
Xoma Superfoods is NEXE's in-house superfoods brand featuring NEXE's single-serve, fully compostable, plant-based beverage pods, compatible with Keurig's single-serve brewing systems. Vejii operates the largest online vegan marketplace in the US and provides its customers with access to thousands of vegan and plant-based products in one place.
READ: NEXE Innovation and Rritual to collaborate on new superfoods products in NEXE compostable pods
"NEXE is proud to announce that our flagship XOMA Superfoods line will soon be available on Vejii's marketplace," Darren Footz, CEO of NEXE said in a statement. "Partnering with Vejii is an exciting milestone for NEXE as we expand our distribution network for our popular XOMA product line. Vejii is an excellent fit for XOMA because it attracts consumers who are seeking convenient, health-conscious, plant-based alternatives."
NEXE said it plans to continue to expand its direct-to-consumer sales efforts from its own eCommerce website, while also continuing to partner with select online marketplaces that specialize in plant-based consumer packaged goods.
Launched in late 2020, Vejii's marketplace offers over 3,000 SKUs from over 500 artisanal and national brands of often hard-to-find plant-based products. Its target audience are flexitarian consumers who may still eat meat but are looking for plant-based alternatives. Vejii's recent acquisition of Vegan Essentials, in addition to its own ShopVejii.com platform, should provide for a strong platform of vendors while leveraging distribution, marketing channels and brand ambassador partnerships, as well as vast consumer insights that have been built through Vegan Essentials' leadership position in the US.
Headquartered in Kelowna British Columbia, and operating its online marketplace ShopVejii.com in the US, through its wholly-owned subsidiary Vejii Inc., Vejii Holdings is focused on providing its customers with easy access to thousands of vegan and plant-based products in one place. Vejii leverages technology integrations like smart lists, reorders features, subscription programs, AI, and is always looking for new and innovative ways to enhance the customer experience.
Additionally, NEXE announced that Raj Kang has stepped down as chief financial nfficer of the company having completed the transition of NEXE from a private organization to a publicly-listed corporation during his tenure to focus on other projects.
The company said it has appointed of Ed Duda as its new chief financial officer. NEXE noted that Duda has over 30 years of public and private company experience in a wide range of finance and business functions within various industries, holding a number of senior positions, is managing director of Delmac Pacific Management Inc., a private company specializing in financial reporting, risk management, regulatory compliance, junior company development and corporate governance.
He holds a BBA from Simon Fraser University and a CPA, CMA designation from the Chartered Professional Accountants of British Columbia. In addition, he holds several certifications from the Canadian Securities Institute. Mr. Duda has extensive board and executive committee experience and currently sits on the board of several public and private organizations in addition to being an advisory board member.
Footz commented, "On behalf of the Board of Directors and the entire organization, I want to thank Mr Kang for his exceptional leadership, dedication to NEXE and wish him well in his future endeavours. We are pleased to welcome Mr. Duda aboard the Nexe Innovations team. His diverse background in finance, business development, capital markets and technology utilization will undoubtedly play a key factor in our future growth."
NEXE Innovations 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, over 40 billion are discarded every year.
With over $64 million 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.
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