NEXE Innovations (TSE:NEXE) has released an update.
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NEXE Innovations has successfully sold its Surrey facility for $5.7 million, which will bolster its cash reserves for operations, sales, and marketing efforts. The company is consolidating its manufacturing in a Windsor facility to maintain a competitive edge through vertical integration and in-house production. This strategic move is expected to enhance their market position in North America with their flagship compostable coffee pods.
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