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Pond Technologies Holdings Inc. has announced a robust business update on January 20, 2022, highlighting a record opportunity pipeline across its three divisions. The company believes it can convert a significant portion of this pipeline within the next year, signaling improved performance ahead. Key partnerships, such as with Livalta to develop algae-based animal feed and a major oilsands producer for covid-19 antigens production, showcase its innovative applications. With a focus on ESG initiatives, Pond is well-positioned for growth in 2022 and beyond.
Pond Technologies Holdings Inc. (OTCQB:PNDHF) will present at the LD Micro Movers Virtual Event on December 1, 2021, at 2:00 p.m. Eastern Time. CEO Grant Smith will discuss the company’s innovative technology in micro-algae cultivation, aimed at addressing sustainability challenges and climate change. This virtual event highlights significant small-cap companies of 2021 and offers a platform for investors to understand Pond's unique approach. A webcast will be available live, with an archived replay on the LD Micro YouTube Channel.
Pond Technologies Holdings Inc. (OTCQB:PNDHF) has amended a promissory note with Georgian Villas Inc., reducing the principal amount to CAD$1,988,500 and the interest rate from 12% to 9.55%. This note matures on November 15, 2024, and is secured by Pond's assets, excluding its equity in Paige Growth Technologies. Pond's CEO noted the amendment will stabilize debt servicing and support ongoing business momentum, as their sales pipeline continues to grow. The company focuses on the cultivation of micro-algae and has been licensing its technology for diverse applications.
Pond Technologies Holdings Inc. has partnered with Malone Group to enhance its project delivery capabilities globally. This non-exclusive collaboration allows both companies to promote each other's services, focusing on sustainability and carbon capture technologies. Malone Group brings valuable engineering expertise to support Pond's algae-based growth platform, aiding its commercialization across various sectors. This partnership coincided with a trade mission to Toronto led by Minister Robert Troy, highlighting the international reach of both firms.
Pond Technologies Holdings Inc. announces a significant milestone with its subsidiary, Pond Naturals Inc., achieving GMP compliance certified by SCS Global Services. This certification validates Pond's commitment to quality and allows for increased production capabilities aimed at revenue growth. Additionally, Pond is issuing 75,000 common shares to ExCap Advisors Inc. for advisory services related to algae-based animal feed commercialization, pending approval from the TSX Venture Exchange. This strategic move is aligned with Pond's focus on sustainability and innovation in micro-algae cultivation.
MARKHAM, ON / ACCESSWIRE / October 4, 2021 / Pond Technologies Holdings Inc. (OTCQB:PNDHF) announced its participation in the 2021 LD Micro Main Event on October 12-14, 2021. Grant Smith, President and CEO, will present the company's business overview live on October 12 at 10:30 a.m. ET. The event will take place both virtually and in-person, showcasing about 150 companies. Pond Technologies focuses on sustainable innovations in micro-algae cultivation, emphasizing its role in addressing climate change.
Pond Technologies Holdings Inc. announced on September 20, 2021, the engagement of Integral Wealth Securities Limited and Independent Trading Group Inc. as market-makers for its common shares on the TSX Venture Exchange. Integral will receive a monthly fee of $5,500 for a minimum of three months, while ITG will be paid $5,000 for similar services. Both firms are unrelated to Pond and hold no interests in its securities. Pond specializes in transforming CO2 emissions into algae-based products, addressing climate change and nutrition challenges.
Pond Technologies Holdings Inc. (OTCQB: PNDHF) responded to the OTC Markets Group's request regarding promotional activities by third parties. Following a correspondence dated September 8, 2021, the Company reviewed emails highlighting speculative promotional language about its stock. Pond clarified that any market value increase is likely attributable to its own release about a joint commercialization deal with Livalta, rather than external promotions. Pond maintains no relation with the third-party promoters and urges investors to rely on official disclosures.
Pond Technologies Holdings Inc. (OTCQB:PNDHF) has provided additional details on insider participation in its recent non-brokered private placement. Colmac Holdings Limited, controlled by Chairman Robert McLeese, acquired 333,333 units, each consisting of one common share and one-half purchase warrant. This insider transaction is considered a Related Party Transaction under Multilateral Instrument 61-101. Pond has invoked exemptions from formal valuation and minority approval processes as the transaction does not exceed 25% of its market cap.
Pond Technologies Holdings Inc. has entered a significant partnership with Livalta, valued at over $5 million, to create algae-based animal feed from CO2 emissions. The agreement includes a supply of an algae demonstration system for CAD $2.9 million and technology access fees worth up to CAD $2.6 million plus royalties. This collaboration aims to commercialize algae feeds, starting with spirulina, enhancing food sustainability while tapping into a projected $460 billion animal feed market by 2026. A pilot plant is expected to open in 2022.
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