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Vancouver, British Columbia, August 17, 2021/PRNewswire/-PODA LIFESTYLE AND WELLNESS LTD. ("Poda" or "Company") (CSE: PODA) (FSE: 99L) (OTC: PODAF) is pleased to announce Signed a supply agreement ("Supply Agreement"), LLC ("Greenbutts") with Biodegradable filter manufacturer Greenbutts.

Greenbutts has developed a natural filter technology designed to provide an alternative to the common non-biodegradable cellulose acetate cigarette filter. For the past ten years, the Greenbutts team has been committed to using a proprietary blend of food-grade fiber materials (including flax, cotton and manila hemp) to perfect a natural, fast-degrading cigarette filter that contains no artificial compounds or chemical residues Things. The unique material mixture is designed to provide the same sensory experience and filter manufacturing run rate as the acetate filter. The Greenbutts filter will disperse in the water within a few minutes and degrade in the compost within 7 days, while the traditional cellulose acetate filter takes 10-15 years.

CEO Ryan Selby commented: "Poda is committed to ensuring that the company creates a better future for all stakeholders. As CEO, I take this responsibility very seriously and I am committed to ensuring that Poda provides industry-leading performance in the following areas Our core principles are strong environmental management, responsible social impact and sound corporate governance. In accordance with this commitment, I am pleased to announce today that Poda has signed a supply agreement with Greenbutts, LLC, which is a global One of the leading manufacturers of biodegradable materials. Cigarette filters."

"This supply agreement will provide the company with a 100% biodegradable filter for our Beyond Burn™ Poda Pods. The Greenbutts biodegradable filter will be included in our already biodegradable and compostable Poda Pods, Enable Poda to provide fully biodegradable and truly compostable heat-not-burn products. This is something the heat-not-burn tobacco market has never done before. This is an important aspect of our continued ESG commitment and will provide the company with more than IQOS Compared with other heating technologies, more potential competitive advantages-non-combustible products using non-biodegradable cellulose acetate filters. Beyond Burn™ Poda Pods with Greenbutts filters provide an excellent user experience and further strengthen the company’s commitment to us Commitment to the ESG principles. We are very pleased to receive this supply agreement."

Tadas Lisauskus, co-founder and CEO of Greenbutts, commented: "For the past ten years, we have been relentlessly pursuing the perfect biodegradable cigarette filter. Now our patented product is ready for commercialization. We are very happy to cooperate with Poda. The traditional cellulose acetate cigarette filter is one of the most common garbage in the world. We are committed to the goal of eliminating environmental pollution caused by improper discarding of cigarette butts. The biodegradable filter of Greenbutts is made of natural sources and is fast in the natural environment. Biodegradable. Combining our proprietary biodegradable filter with Poda’s unique and proprietary biodegradable heat-not-burn cigarette is undoubtedly a successful combination."

On behalf of the Board of Directors, Ryan Selby CEO, Director and Chairman of the Board

Poda Lifestyle and Wellness Ltd. Toll free in North America: +1-333-TRY-PODA (879-7632) Outside North America: +1-46-TRY-PODA (879-7632) [email protected] www.podalifestyle. computer

Poda Lifestyle is actively involved in the global commercialization of HNB smoking products, which may reduce the risks associated with combustible smoking products. The company has developed a patented HNB system that uses a proprietary biodegradable disposable pod that is both consumer and environmentally friendly. The innovative design of the company's HNB platform can prevent cross-contamination between heating equipment and cartridges, eliminate all cleaning requirements, and provide users with the most convenient and enjoyable smoking experience with potentially reduced risks. Poda Lifestyle's HNB system has been fully patented in Canada and is applying for patents in more than 60 other countries/regions, covering nearly 70% of the world's population. The company’s Poda Pods are the first and only fully enclosed cigarettes. This unique design eliminates all cleaning requirements and provides a true ashless HNB cigarette. Poda Lifestyle's fully patented system is unique, it solves the main pain point faced by all other HNB products: daily cleaning requirements. The company’s flagship product Beyond Burn™ Poda Pods contains a unique smoke-free blend of granular tea, infused with synthetic nicotine, providing adult smokers with a smoke-free alternative to replace their regular habits without Sacrifice satisfaction. Beyond Burn™ Poda Pods are professionally produced to imitate the sensory experience of traditional cigarettes, with no smoke, no smell, and no tobacco.

This press release contains "forward-looking information" in the sense of applicable securities laws. Although Poda Lifestyle believes that the expectations reflected in this forward-looking information are reasonable based on the experience of its executives and directors, current conditions and expected future development, and other factors deemed appropriate, it should not be overly relied on because Poda Lifestyle cannot guarantee them Will prove to be correct. Remind readers not to rely too much on forward-looking information. Actual results and developments may differ materially from those anticipated in these statements. The statements in this press release were made on the date of this press release. Poda Lifestyle is not obliged to comment on the analysis, expectations or statements made by third parties regarding Poda Lifestyle, its securities or financial or operating performance (if applicable). Poda Lifestyle does not undertake any intention or obligation to publicly update any forward-looking information, whether due to new information, future events or results, or other reasons, unless required by applicable securities laws.

The Canadian Stock Exchange has not reviewed the adequacy or accuracy of the content of this press release and does not assume any responsibility.

Source Poda Lifestyle and Wellness Ltd.

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