There is no consolidation of the Company’s share capital as part of the planned name change. The proposed name change will not affect the shareholding structure of the Company or the rights of shareholders of the Company. No action is required by shareholders in connection with the proposed name change.
In addition to the planned name change, the Company is also pleased to announce plans for a new corporate structure, whereby the Company will create six strategic subsidiaries, each focused on specific growth areas of the Company. The proposed names for the six subsidiaries are: Poda (Tobacco), Inc., Poda (Alternatives), Inc., Poda (Therapeutics), Inc., Poda (THC), Inc., Poda (CBD), Inc. , and Poda (Research and Development), Inc..
CEO of Poda, Ryan Selby, commented, “This proposed name change is consistent with our business goals and long-term strategy. Our valuable intellectual property applies to a wide range of applications, and I believe the name Poda Holdings, Inc. more specifically serves the overall vision that the Board of Directors has for the company. In addition to the name change, the creation of the six new subsidiaries will provide strategic direction and strong growth opportunities in each of the targeted opportunities. I look forward to share more information about our customized strategies for each subsidiary in the coming weeks.”
On behalf of the Board of Directors,
CEO, Director and Chairman of the Board
Poda Lifestyle and Wellness Ltd.
Free North America: +1-833-TRY-PODA (879-7632)
Out North America: +1-406-TRY-PODA (879-7632)
ABOUT PODA LIFESTYLE
Poda Lifestyle is actively engaged in the worldwide commercialization of non-combustion (“HNB”) smoking products, which have the potential to reduce the risks associated with combustible smoking products. The company has developed a patented HNB system that uses proprietary single-use biodegradable pods, which are both consumer and environmentally friendly. The company’s innovative HNB platform design prevents cross-contamination between heaters and pods, eliminating all cleaning requirements and providing users with the most convenient and potentially reduced-risk smoking experience. pleasant. Poda Lifestyle’s HNB system is fully patented in Canada and is patent pending in more than 60 additional countries, covering nearly 70% of the world’s population. The company’s Poda Pods are the first and only cigarettes to have a completely closed end. This exclusive design eliminates all cleaning requirements and provides a truly ashless HNB cigarette. Poda Lifestyle’s fully patented system is one of a kind and solves the main problem ALL other HNB products suffer from: daily cleaning requirements. The flagship of the company Beyond Burn™ Poda pods contain a unique tobacco-free blend of synthetic nicotine-infused lozenge tea leaves, which offer adult smokers a smoke-free alternative to their regular habit without sacrificing satisfaction. Beyond Burn™ Poda pods have been expertly designed to mimic the sensory experience of traditional smokeless, odorless and tobacco-free cigarettes.
This press release contains “forward-looking information” within the meaning of applicable securities laws. Although Poda Lifestyle believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors which have been deemed appropriate, that the expectations reflected in such forward-looking information are reasonable, it should not be unduly relied on because Poda Lifestyle cannot guarantee that they will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by such statements. The statements contained in this press release are made as of the date of this press release. Poda Lifestyle undertakes no obligation to comment on any analyses, expectations or statements made by third parties regarding Poda Lifestyle, its securities or its financial or operating results (if any). Poda Lifestyle disclaims any intention or obligation to publicly update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of the content of this press release.
SOURCE Poda Lifestyle and Wellness Ltd.