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Poda Holdings, Inc. (CSE: PODA) has announced that Christoph Tepr, a former sales leader in big tobacco, will join the company as Vice President of European Sales & International Expansion starting January 17, 2022. Tepr brings over 15 years of experience from companies like Philip Morris and JUUL Labs, having significantly impacted brand growth and market leadership. He will also be part of Poda's Global Advisory Board and received 400,000 stock options. Poda focuses on Heat-not-Burn products that aim to reduce smoking risks.
Poda Holdings, Inc. (CSE: PODA) announced a normal course issuer bid (NCIB) to repurchase up to 2,787,361 Subordinate Voting Shares, representing 5% of its outstanding shares. The NCIB will commence on November 4, 2021, and may last up to 12 months. CEO Ryan Selby emphasized the company's strong capital position and confidence in upcoming commercial objectives. This initiative aims to align share prices with the company's intrinsic value and enhance shareholder liquidity. All repurchased shares will be canceled.
Poda Holdings, Inc. has successfully completed the delivery of 500,000 Beyond Burn™ Poda Pods as of October 4, 2021, following an order placed on September 7, 2021. This milestone marks the start of substantial sales for Poda's products, which are set to launch in Asian and European markets. CEO Ryan Selby emphasized that the pilot production facility produces nearly 400,000 pods monthly, aiming for an eventual capacity of 10 million. The patented heat-not-burn system is designed to reduce risks associated with traditional smoking while providing a smoke-free alternative.
Poda Holdings, Inc. (CSE: PODA, OTC: PODAF) has officially changed its name from Poda Lifestyle and Wellness. This transition took effect on September 27, 2021, with no action required from stockholders. The company announced its shares will continue trading under the ticker symbol 'PODA' on the Canadian Securities Exchange. Poda has also engaged CFN Enterprises Inc. for social media and outreach strategies. Their patented heat-not-burn smoking products aim to provide a safer alternative to traditional smoking, with a unique tobacco-free blend in their Beyond Burn™ Poda Pods.
Poda Lifestyle and Wellness Ltd. (CSE: PODA, OTC: PODAF) is set to participate in the Global Tobacco and Nicotine Forum (GTNF) from September 21-23, 2021, in London. CEO Ryan Selby expressed enthusiasm for engaging with industry leaders at this prestigious event. Additionally, Poda has retained Hybrid Financial to enhance its marketing efforts, with an initial engagement period of one year starting from September 15, 2021, for a monthly fee of $22,500. Poda is known for its innovative heat-not-burn products, including the unique tobacco-free Beyond Burn™ Poda Pods.
Poda Lifestyle and Wellness Ltd. (CSE: PODA) plans to change its name to Poda Holdings, Inc. to align with its evolving business strategy, pending approval from the Canadian Securities Exchange. The company will not consolidate its share capital or alter shareholder rights. In addition to the name change, Poda will establish six new subsidiaries focused on strategic growth areas. CEO Ryan Selby highlighted the importance of the new name and structure in enhancing the company's vision and opportunities in the market.
Poda Lifestyle and Wellness Ltd. (CSE: PODA, OTC: PODAF) will participate in the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. CEO Ryan Selby will present Poda's innovative heat-not-burn (HNB) system designed to provide a smoke-free alternative for adult smokers. This product, featuring biodegradable pods, aims to reduce risks associated with combustible tobacco. The presentation will be available on-demand for registered attendees starting at 7:00 AM EST on September 13.
Poda Lifestyle and Wellness Ltd. has secured a significant purchase order for 500,000 Beyond Burn™ Poda Pods, marking a major milestone in its product commercialization efforts. This order, alongside the purchase of 2,000 Beyond Burn™ Heating Devices, is expected to support the launch of products in the European market by Q4 2021. The company has increased production capacity to 400,000 pods per month, with future scalability aiming for over 10 million monthly. The Beyond Burn™ products offer a smoke-free alternative, emphasizing convenience and reduced risks associated with traditional smoking.
Poda Lifestyle and Wellness Ltd. (OTC: PODAF) announced a significant Purchase Order for 500,000 Beyond Burn™ Poda Pods, marking its first large sale of this product line. This order supports initial product launches in the European market anticipated for Q4 2021. Alongside the pods, the order includes 2,000 Beyond Burn™ Heating Devices. The Company aims to ramp up production capacity to over 10 million pods per month, enabling substantial revenue generation from global sales. CEO Ryan Selby acknowledged this milestone as a key step in the company's global commercialization strategy.
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