PODA LIFESTYLE AND WELLNESS LTD. (CSE: PODA) (FSE: 99L) (OTC: PODAF)
Channel: RICH TV LIVE
Date: 14/09/2021

PODA LIFESTYLE AND WELLNESS LTD. ("Poda" or the "Company") (CSE: PODA) (FSE: 99L) (OTC: PODAF) is pleased to announce that it has received an order for 500,000 Beyond Burn Poda Pods (the "Purchase Order").

The customer is currently finalizing the packaging designs and equipment, and it is anticipated that the inventory will be used for initial launches of the Poda products into the European market in Q4 2021. In conjunction with the Purchase Order, 2,000 units of Poda's flagship Beyond Burn Heating Devices have also been ordered.

Mr. Ryan Selby, CEO, commented, "The Poda team has spent the last six years developing what I believe is the best heat-not-burn product ever made, and we are now rapidly moving forward with the global commercialization of our products. This Purchase Order represents the first large sale of Poda's Beyond Burn products and is a tremendous milestone for us. The 500,000 Beyond Burn Poda Pods for this Purchase Order have already been produced using our pilot production facility and will be delivered to the customer in the coming weeks. We currently have the capacity to produce up to 400,000 Beyond Burn Poda Pods per month, giving us the ability to supply products to the customer on an ongoing basis. Importantly, we are currently making significant investments towards major increases in our production capacities, and we look forward to greatly increased sales volumes of our products as our large-scale production capacities (anticipated to initially be capable of producing over 10,000,000 Beyond Burn Poda Pods per month) are brought online in the coming months. Based on demand, these capacity increases should allow Poda to generate substantial revenues from the global sales of our innovative and proprietary products."

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