PODAF - PODAF STOCK NEWS

Poda Holdings, Inc. has successfully completed the sale of its assets, focusing on heated capsule technology, to Altria Client Services LLC for US$100.5 million. This transaction, announced on June 24, 2022, will result in the company's rebranding to Idle Lifestyle Inc. and a change in trading symbol to IDLE.X. Shareholders are anticipated to receive a distribution of approximately CDN$0.40 per subordinate voting share, representing a 167% premium over the prior closing share price. The company will retain CDN$1 million in cash to explore new business opportunities.

Poda Holdings, Inc. (PODAF) announced that its shareholders approved the sale of substantially all assets to Altria Client Services LLC. This decision was made during a special meeting on June 22, 2022. The total purchase price for the transaction is $100.5 million, with PODA receiving $55,275,000. Shareholders are expected to receive a cash distribution of approximately CDN$0.40 per share, representing a 167% premium to the SVS closing price prior to the announcement. The transaction is subject to certain conditions and adjustments.

Poda Holdings announced the filing of a management information circular related to the proposed sale of its assets to Altria Client Services for US$100.5 million. The vote is scheduled for June 22, 2022, with a record date of May 18, 2022. A cash distribution of approximately CDN$0.40 per subordinate voting share is anticipated, representing a 167% premium over the share price prior to the announcement. The sale is recommended by a special committee and requires over 66⅔% approval from shareholders. The transaction is subject to necessary approvals and customary closing conditions.

PODA Holdings has entered an agreement to sell its intellectual property assets to Altria Client Services for US$100.5 million. The company expects to receive US$55,275,000 from this transaction, which will allow PODA to distribute approximately CDN$0.40 per subordinate voting share and CDN$400 per multiple voting share, reflecting a 167% premium over the closing share price as of May 12, 2022. The transaction has been unanimously recommended by independent directors and is subject to shareholder approval at a meeting scheduled for June 22, 2022.

Poda Holdings has signed a purchase agreement with its Chinese partner to acquire manufacturing equipment, 15 patent applications, and three trademarks for approximately CDN $3.45 million. This equipment is capable of producing 5 million Poda Pods annually and will be shipped to Vancouver, BC. The patents cover unique product designs and production methods. CEO Ryan Selby emphasized that moving manufacturing to North America will reduce delivery time and tariffs, enhancing competitiveness. This acquisition is seen as a crucial growth step for Poda.

Poda Holdings, Inc. (CSE: PODA; OTCQB: PODAF) announced the grant of a US Patent for its Closed Bottom Vaporizer Pod (US Patent 11,206,869 B2), issued on December 28, 2021. This patent enables Poda to market the only closed-ended heat-not-burn cigarette in the US, enhancing its competitive edge. The original patent application was filed on March 17, 2017, reflecting extensive investment and development. Poda also holds a Canadian patent and is pursuing patents in over 60 countries, aiming for significant impact in the global heat-not-burn market.

Poda Holdings, Inc. (CSE: PODA, OTCQB: PODAF) has signed a letter of intent with Landewyck Tobacco S.A. for a cooperation agreement to develop new products leveraging both companies' strengths. The collaboration aims to utilize Landewyck's extensive tobacco manufacturing and Poda's patented Heat-not-Burn technology. A trial phase for blend development is planned, focusing on creating consumer-centric products with reduced risk. The partnership is expected to enhance Poda's market presence in Europe, benefiting from Landewyck's over 170 years of industry experience.

Poda Holdings, Inc. has officially up-listed from Pink Sheets to the OTCQB tier as of January 6, 2022. This move is aimed at improving transparency and trading quality for U.S. investors. CEO Ryan Selby emphasized the company's commitment to meet stringent qualification standards, believing this transition will add value for shareholders. The OTCQB marketplace supports entrepreneurial companies and requires current financial reporting and management certification. Poda continues to trade under the symbol 'PODAF' on the OTCQB, while also retaining its listings on the Canadian and Frankfurt exchanges.

Poda Holdings (CSE: PODA; OTC: PODAF) announced the launch of its inaugural monthly newsletter, crafted by Co-founder Ryan Karkairan. The newsletter aims to deliver insights into the heat-not-burn industry, reflecting Poda's business development. Karkairan, with over a decade in the smoking sector, expressed excitement about sharing valuable perspectives on industry challenges. Poda is advancing with its proprietary HnB smoking products, promoting an environmentally friendly alternative to traditional smoking methods.