NEXE Innovations: File the annual financial statements and the management report
At the end of the year
- NEXE Pod for use in Keurig brewing systems is compostable in as little as 35 days.
- The NEXE Premium Espresso pods compatible with Nespresso® OriginalLine have obtained a 100% decomposition by composting in 10 weeks.
- Factory and on-site acceptance tests completed for NEXE Pod dosing and sealing machines in Nespresso OriginalLine format.
- Marketing of NEXE Soluble Pod (i.e. superfoods such as MCT, Keto and Mushroom) completed
- Announcement of the pilot launch of the Nespresso Original Line compostable capsule after the end of the year and soon to add more roasting profiles (NexeCoffee.com).
With cash and cash equivalents totaling
At the request of the Company, the
The delay in completing annual returns was due to difficulties in obtaining accounting information during the transition from a private organization to a public company and staffing delays resulting from the Covid-19 pandemic .
NEXE confirms that there is no solvency proceeding against the Company as of the date hereof. NEXE also confirms that there is no material information relating to the affairs of the Company which has not been disclosed as of the date hereof.
ON BEHALF OF THE BOARD OF DIRECTORS
s / “Ash Guglani”
Caution Regarding Forward-Looking Statements
This press release includes certain forward-looking statements under applicable Canadian securities laws. Forward-looking statements include, without limitation, statements regarding the future plans of the Company and the revocation of MCTO. Forward-looking statements consist of statements which are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forward-looking terms such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or their negative or similar variations. . The reader is cautioned that the 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 expected, due to many known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, including, but not limited to. ‘limit, timing and approval. of MCTO revocation, business, economic and capital market conditions, ability to manage operating expenses, demand and consumer sentiment towards the Company’s products, single-use beverage pods and products compostable, security threats and reliance on key personnel. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on forward-looking information. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
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