Lifestyle to license Cannastrips to Healthy Asylum

2015-06-11 09:06 ET - News Release

Mr. Brad Eckenweiler reports
LIFESTYLE DELIVERY SYSTEMS INC. ENTERS INTO A MEMORANDUM OF UNDERSTANDING WITH HEALTHY ASYLUM INC.
Lifestyle Delivery Systems Inc.'s wholly owned subsidiary, Canna Delivery Systems Inc., has entered into a non-binding memorandum of understanding dated June 8, 2015, with Healthy Asylum Inc. in respect of a proposed licensing agreement, whereby CDS will license the Cannastrips technology on a non-exclusive basis to Healthy Asylum in Southern California, United States.

Healthy Asylum Inc. was established to further an alternative approach to traditional medicine using holistic herbal cannabinoid remedies. HA's operations are headed up by Joshua Roper who has over a decade of medical marijuana horticulture and product management. He has been researching on vapor and smokeless option to assist medical marijuana patients in California. Brad Eckenweiler, CEO and Director of Lifestyle, stated "We are extremely excited to partner with Healthy Asylum to expand our brand and technology into Southern California. Having local partners who understand the cannabis sector in California is key to our expansion into the California market. We believe that pairing the attributes of Healthy Asylum's team with our expertise in the Cannastrips technology will be a successful combination."

About Lifestyle Lifestyle's technology produces infused strips (similar to breath strips) that are not only a safer, healthier option to smoking but also a new way to accurately meter the dosage and assure the purity of the product. From start to finish, the production process tests for quality and composition of all the ingredients used in each and every strip, resulting in a delivery system that is safe, consistent and effective.On behalf of the board of directors of Lifestyle Delivery Systems Inc."Brad Eckenweiler" Brad EckenweilerCEO & DirectorFOR MORE INFORMATION, PLEASE CONTACT:Tim Hamilton
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