Poda announces a new supply agreement with Greenbutts, LLC
by CM Staff
The blend of materials is designed to allow for the same sensory experience and filter manufacturing run rates as acetate filters.
VANCOUVER — PODA LIFESTYLE AND WELLNESS LTD. announces that it has entered into a supply agreement with biodegradable filter manufacturer Greenbutts, LLC.
Greenbutts has developed a natural filter technology that was created to provide an alternative to the common non-biodegradable cellulose acetate cigarette filter. Over the last ten years, the team at Greenbutts has worked to create a natural, rapidly degrading cigarette filter using a proprietary blend of food grade fiber materials including flax, cotton, and manila hemp with no artificial compounds or chemical residues. The blend of materials is designed to allow for the same sensory experience and filter manufacturing run rates as acetate filters. Greenbutts filters will disperse in water within a few minutes and will degrade in compost within seven days, as opposed to 10-15 years as is the case with traditional cellulose acetate filters.
Ryan Selby, CEO, commented, “Poda is committed to ensuring that the Company contributes to a brighter future for all of our stakeholders. As CEO, I take this responsibility very seriously and I am devoted to ensuring that Poda delivers industry-leading performance on our core principles of strong environmental management, responsible societal impacts, and robust corporate governance. Pursuant to this commitment, I am very pleased to announce today that Poda has entered into a Supply Agreement with Greenbutts, LLC, one of the world’s leading manufacturers of biodegradable cigarette filters.”
“This Supply Agreement will provide the Company with access to 100% biodegradable filters for use in our Beyond Burn™ Poda Pods. The inclusion of Greenbutts’ biodegradable filters into our already biodegradable and compostable Poda Pods allows Poda the ability to offer a completely biodegradable and truly compostable heat-not-burn product, something that has never been done in the heat-not-burn tobacco market. This is an important aspect of our ongoing ESG commitment and will provide the Company with several potential competitive advantages over IQOS and other heat-not-burn products which use non-biodegradable cellulose acetate filters. Beyond Burn™ Poda Pods with Greenbutts filters deliver an exceptional user experience and further strengthen the Company’s commitment to our ESG principles. We are thrilled to have secured this Supply Agreement.”