NEXE Innovations Inc. announced that it has been awarded a $1,000,000 grant from the Government of Canada ("GOC") to support the commercialization of its NEXE Nespresso-Compatible Pods. The award is part of Phase 2 of the GOC's Plastics Challenge: Improved Compostability of Bioplastics ("Bioplastics Challenge"). This follows a $150,000 grant that NEXE received in 2019 during Phase 1 of the program to support prototype development. This award will support the high-speed manufacturing of the Company's NEXE Nespresso-Compatible pods following the announcement of best-in- class composting results last week.