POND TECHS HLDGS INC - PNDHF STOCK NEWS

Pond Technologies Holdings Inc. (OTCQB: PNDHF) has appointed John M. Farah Jr, Ph.D to its Board of Directors, effective July 14, 2021. With over 30 years of experience in the pharmaceutical industry, Dr. Farah brings expertise in drug development, commercialization, and business strategies. He previously served as Vice President of international operations at Cephalon and is currently a senior consultant at Veradigm. The appointment aims to bolster Pond Biotech's growth, particularly in utilizing unique algae strains for diagnostics and therapeutics. Pond is known for its micro-algae technology and products, including the Regenurex brand.

Pond Technologies Holdings Inc. (OTCQB:PNDHF) has secured a Purchase Order for an initial engineering study from CSV Midstream Solutions Corp. for the design of an algae plant utilizing CO2 from a natural gas facility in Alberta. The project aims to provide Pond with an enhanced supply of astaxanthin, creating an additional revenue stream. Upon a positive final investment decision by CSV, further scale-up opportunities may arise. Both companies emphasize sustainable practices, and this partnership is seen as a significant step in advancing Pond's growth in the oil and gas sector.

Pond Technologies Holdings (OTCQB:PNDHF) announced the successful divestiture of its petroleum and natural gas assets in the Pembina Area to Grizzly Resources Ltd. on June 16, 2021. The transaction allows Pond to eliminate all associated abandonment and reclamation liabilities, enhancing its financial flexibility. Grizzly will pay up to $2.25 million in conditional future consideration linked to asset sales or production resumption. This strategic move positions Pond to focus on sustainable growth initiatives, aligning with its commitment to addressing global challenges related to climate change and nutrition.

Pond Technologies Holdings Inc. (OTCQB:PNDHF) announced a significant step for its subsidiary, Pond Naturals, with a white label order of 5,000 bottles of Astaxanthin from a U.S. client. The company's algae production facility in British Columbia has seen growth, with a reported 24% revenue increase to nearly $4.5 million in 2020. This order indicates strong demand for their sustainable, high-quality Astaxanthin, which is favored for its health benefits. CEO Grant Smith noted increasing consumer awareness as a driver for growth and anticipates further orders and market expansion.

Pond Technologies Holdings Inc. (OTCQB: PNDHF) announced plans to amend the expiry date of 2,742,504 common share purchase warrants initially issued during private placements in June 2019. The current expiration terms allow for expiry either 30 days after the share price exceeds $1.25 for 10 consecutive days or two years after issuance. The proposed amendment would extend the expiry date to December 15, 2021, pending acceptance by the TSX Venture Exchange. These warrants exclude those issued to agents or brokers, highlighting the company's strategic financial moves amid its sustainability initiatives.

Pond Technologies Holdings (OTCQB: PNDHF) reported significant advancements in its business operations in a recent update. The company has reduced its net cash outflow from $4.5 million in 2019 to approximately $1.5 million in 2020, attributing this to improved efficiency and revenue growth in its division, Pond Naturals. Pond holds over 9 active U.S. patents and is developing partnerships in sectors such as animal feed and biotech. With ongoing discussions to license its CO₂ abatement technology, Pond is focusing on sustainable revenue generation and aims to become cash flow positive.

Pond Technologies Holdings Inc. (OTCQB:PNDHF) has granted 200,000 stock options to eligible consultants at an exercise price of $0.67 per share. These options have a 3-year term and will vest in increments over two years. The closing share price on May 12, 2021, matched the exercise price. Pond Technologies focuses on sustainable cultivation of micro-algae, utilizing advanced technology to enhance productivity and reduce CO2 emissions. The company is expanding its offerings in pharmaceuticals, cosmetics, and biofuels through technology licensing and a new Biotech division.

Pond Technologies Holdings Inc. (OTCQB:PNDHF) has announced its entry into the $100 million XPRIZE Carbon Removal competition, aiming to develop solutions for large-scale carbon dioxide removal from the atmosphere. This competition, funded by Elon Musk, seeks innovative teams to create technologies that can remove up to 10 gigatonnes of CO2 annually by 2050. Pond aims to leverage its proprietary technologies, including micro-algae cultivation, to offer significant revenue opportunities for industrial emitters while contributing to climate change mitigation.

Pond Technologies Holdings Inc. announced the grant of 1,495,000 stock options to eligible executives, employees, and consultants on March 31, 2021. Each option is exercisable for one common share at an exercise price of $0.62, matching the closing price on March 30, 2021. The options will vest in three phases over three years: one-third immediately, another third after one year, and the final third after two years. Pond Technologies, based in Ontario, focuses on sustainable solutions utilizing micro-algae technology for various industries including pharmaceuticals, cosmetics, and bioplastics.