Poda Lifestyle and Wellness Ltd.

12:01 PM EST - Poda Lifestyle and Wellness Ltd. : Announced that its Board of Directors has approved a change of the Company's name from "Poda Lifestyle & Wellness Ltd." to "Poda Holdings, Inc." to better reflect the Company's current and future business interests. The proposed name change remains subject to the approval of the Canadian Securities Exchange ("CSE"). There is no consolidation of the Company's share capital in connection with the planned name change. The proposed name change will not affect the Company's share structure or the rights of the Company's shareholders. No action is required from shareholders in connection with the proposed name change. In addition to the intended name change, the Company is also pleased to announce plans for a new corporate structure, whereby the Company will create six strategic subsidiaries, each focused on specific growth areas of the Company. The proposed names for the six subsidiaries are as follows: Poda (Tobacco), Inc., Poda (Alternatives), Inc., Poda (Therapeutics), Inc., Poda (THC), Inc., Poda (CBD), Inc., and Poda (Research and Development), Inc. Poda Lifestyle and Wellness Ltd. shares C.PODA are trading down 9 cents at $1.23.

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