VANCOUVER, British Columbia, Nov. 22, 2016 /CNW/ -- Lifestyle Delivery Systems Inc. (CSE: LDS), (OTCQB: LDSYF), and Borse Frankfurt Exchange (XETR: LD6) ("LDS" or the "Company") is very pleased to announce that it has entered into a Memorandum of Understanding (the "MOU") with Azonic Health Sciences, LLC ("Azonic") and its affiliated companies for the distribution of its CannaStrips line of products. The arrangement would place CannaStrips in hundreds of current medical marijuana dispensaries and into the anticipated new retail stores throughout California.
Brad Eckenweiler, CEO of Lifestyle Delivery Systems states, "The passage of Proposition 64 in the state of California legalizes the adult recreational use of cannabis for over 39 million residents and more than 100 million annual adult visitors. This is more than just a significant potential market increase, it represents more than 100 times the current number of legally registered medical marijuana users in the state that are now capable of purchasing CannaStrips. We also believe that the smokeless benefits of Cannastrips are ideally suited to the stringent California smoke free legislation, which restricts smoking of any kind in most public and commercial areas - a restriction that would not apply to CannaStrips. We are very excited for the prospects of offering the Lifestyle Delivery Systems' CannaStrips Technology to over 100 million possible new customers."
The California market upon legalization will represent a market value greater than the rest of North America combined including Canada. The Company has recently made modifications to increase production capacity in anticipation of the expanded distribution network required to meet the projected 2017 market demand.
About Azonic Health Sciences, LLC.
Located in Simi Valley, CA, Azonic is an advertising, distribution and promotion company representing over 800 business and associations in the medical marijuana industry in California.
About Lifestyle Delivery Systems Inc.
The Company'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 seed to sale the ingredients are tested for quality and composition throughout the formulation and production processes, insuring each and every product produced with our technology is safe, consistent and effective.
U.S. Department of Commerce: California Statistics http://industry.visitcalifornia.com/Industry/Research/CaliforniaStatisticsTrends/
On behalf of the board of directors of Lifestyle Delivery Systems Inc.
CEO & Director
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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.