GREY:IVITF - Post by User
Post by
juspam1on Feb 06, 2019 11:39am
227 Views
Post# 29326396
PODA share's
PODA share's Vancouver, BC, January 31, 2019 – PODA TECHNOLOGIES LTD. ("Poda" or the "Company") is pleased to announce that it has completed its previously announced consolidation of its issued and outstanding Class A common shares on the basis of 1 new post-consolidation share for every 4.508 preconsolidation shares (the "Consolidation"), with an effective date of January 31, 2019. Following the Consolidation, the number of issued and outstanding shares of the Company will be reduced from approximately 112,176,712 pre-consolidation shares to approximately 24,883,916 post-consolidation shares. No fractional shares will be issued in connection with the Consolidation. The Consolidation is being conducted on a push-out basis. The Company's new CUSIP for the postconsolidation shares is 73044H206 and the ISIN for the post-consolidation shares is CA73044H2063. Shareholders who hold their shares in brokerage accounts or “street name” are not required to take any action to affect the exchange of their shares. On Behalf of the Board, Ryan Selby Chief Executive Officer and Director About Poda Poda is actively engaged in the development and commercialization of vaporizable products, which have the potential to reduce the risks associated with combustible products. In addition to several other intellectual property holdings, the Company has developed an innovative heat-not-burn vaporization system that uses proprietary biodegradable single-use pods, which are both consumer and environmentally friendly. Poda’s patent-pending design prevents cross-contamination between the electronic vaporization device and the pod, eliminating all cleaning requirements and providing users with the most convenient and enjoyable potentially risk-reduced vaping experience. Pod refill options range from dried flower and tobacco to liquids and concentrates and can easily be switched during vaping sessions to suit any adult consumer’s mood.