Vancouver, BC – TheNewswire – April 26, 2021 – PODA LIFESTYLE AND WELLNESS LTD. (“Poda Lifestyle” or the “Company”) is happy to announce that they have entered into a draft agreement (the “Agreement”) and acquired 100% of the outstanding share capital of Poda Technologies Ltd (“Poda Tech”). The terms of the agreement are in accordance with the information circular posted on Poda Tech’s SEDAR profile on February 25, 2021. Poda Lifestyle is pleased to announce that it has received conditional approval from the Canadian Stock Exchange (the “CSE”) to list (“Listing”) its shares (the “Shares”) Fulfillment of the listing requirements of the CSE.
On behalf of the board,
CEO, Director and Chairman of the Board of Directors
Poda Lifestyle and Wellness Ltd.
101-334 East Kent Avenue South
Vancouver, BC, V5X 4N6, Canada
Toll Free North America: 1-833-TRY-PODA (879-7632)
Outside North America: + 1-406-TRY-PODA (879-7632)
About Poda Lifestyle
Poda Lifestyle is actively involved in the global marketing of HNB (heat-not-burn) smoking products, which can reduce the risk associated with flammable smoking products. The company has developed a patented HNB system that uses proprietary biodegradable, disposable pods that are both consumer and environmentally friendly. The company’s innovative design of the HNB platform prevents cross-contamination between the heaters and the pods, eliminates all cleaning requirements and provides users with the most convenient and enjoyable smoking experience with potentially reduced risk. Poda Lifestyle’s HNB system is fully patented in Canada and patent pending in 65 other countries covering over 70% of the world’s population. The company’s Poda Pods are the FIRST and ONLY cigarettes that have a fully closed end. This exclusive design completely eliminates all cleaning requirements and offers a truly ashless HNB cigarette. Poda Lifestyle’s fully patented system is truly unique and solves the major pain ALL other HNB products suffer from – DAILY CLEANING REQUIREMENTS. The company’s flagship Beyond Burn ™ Poda Pods contain a unique tobacco-free blend of pelleted tea leaves with synthetic nicotine added to them. They offer adult smokers a smoke-free alternative to their normal habit without sacrificing satisfaction. Beyond Burn ™ Poda Pods are expertly made to mimic the sensory experience of traditional cigarettes with no smoke, no odor, and no tobacco.
The completion of the listing is subject to a number of conditions. There can be no guarantee that the listing will be completed as proposed or at all.
Investors are cautioned that information published or received in relation to the listing may not be accurate or complete unless otherwise indicated in the listing statement (or other disclosure documents to be prepared by the Company) in connection with the listing to be created should not be left. Trading in the Company’s securities should be viewed as highly speculative.
The CSE has not passed on the merits of the listing in any way, and has not approved or disapproved the contents of this press release. The approval of the CSE for the listing of the shares requires, among other things, the fulfillment of the listing requirements of the CSE. There can be no assurance that the approval of the CSE with respect to the listing of the Shares will be obtained.
All information relating to the company contained in this press release has been made available by the company for inclusion in this document and the company’s directors and officers have relied on one another with respect to that party.
Forward-Looking Statements This press release contains forward-looking statements as of the time and completion of the listing and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expect” and similar expressions. All statements in this press release other than historical facts are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and that actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include failure to meet the listing completion conditions and other risks that may from time to time be filed by the Company in accordance with securities regulations Documents are listed.
The reader is cautioned that assumptions made in preparing forward-looking information could prove to be incorrect. Events or circumstances could cause actual results to differ materially from those projected due to numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the company. As a result, the Company cannot guarantee that the listing will be completed on the terms and within the time specified herein, or at all. The reader is cautioned not to place undue reliance on forward-looking information. Although such information is believed by management to be reasonable at the time of preparation, it could prove to be incorrect and actual results could differ materially from those anticipated. Forward-looking statements in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release speak as of the date of this press release. The company will only update or publicly revise the forward-looking statements contained therein as expressly required by Canadian securities law.