Lifestyle Delivery Systems Inc. Signed a Letter of Intent for Two Additional California Conditional Use Permits
VANCOUVER, BC / ACCESSWIRE / November 7, 2016 / Lifestyle Delivery Systems Inc. (CSE:LDS) (LDSYF) (LD6.F),
("LDS" or the "Company") and it's wholly owned subsidiary, Canna
Delivery Systems Inc., ("CDS") are pleased to announce the signing of a
binding Letter of Intent for the exclusive right to operate a cannabis
extraction facility and a cannabis cultivation/nursery under existing
Conditional Use Permits "CUP's" in Adelanto, California.
The
addition of these permits will allow the Company to expand its supply
chain abilities and control quality at the source. The additional CUP
for extraction will increase the extraction and distillation
capabilities well beyond the requirements of CannaStrips allowing for
outside contract extractions and diversification of the Company's
product line. The cultivation CUP will allow for the establishment of a
nursery for the development of isogenic strains of cannabis to produce
from seed (not cloned) plants with CBD, THC and terpenes profiles for
the advanced formulations. The nursery will be able to supply dozens of
cultivation facilities with LDS's advanced genetics for contract
cultivation. In this way the Company can expect a significantly larger
harvest while being able to control the quality and the quantity of the
plant material for use with its CannaStrips technology. Brad
Eckenweiler, CEO of LDS stated, "We believe that the advancement of our
technology can be accelerated by the Company controlling those variables
on the cultivation side, which in turn allows for greater control of
the scientific requirements of manufacturing the best possible product.
The isogeneic nursery accomplishes that goal." These permitted buildings
are in close proximity to the Company's current permitted Joint Venture
facility in Adelanto, California.
About Lifestyle Delivery Systems Inc.
LDS'
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
CEO & Director
CEO & Director
Cautionary Disclaimer Statement:
The
Canadian Securities Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.
Information
set forth in this news release contains forward-looking statements that
are based on assumptions as of the date of this news release. These
statements reflect management's current estimates, beliefs, intentions
and expectations. They are not guarantees of future performance. The
Company cautions that all forward looking statements are inherently
uncertain and that actual performance may be affected by a number of
material factors, many of which are beyond the Company's control. Such
factors include, among other things: risks and uncertainties relating to
the Company's limited operating history and the need to comply with
environmental and governmental regulations. Accordingly, actual and
future events, conditions and results may differ materially from the
estimates, beliefs, intentions and expectations expressed or implied in
the forward looking information. Except as required under applicable
securities legislation, The Company undertakes no obligation to publicly
update or revise forward-looking information.
SOURCE: Lifestyle Delivery Systems Inc.
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