VANCOUVER, British Columbia, Dec. 12, 2018 /CNW/ -- Lifestyle Delivery Systems Inc. (CSE: LDS), (OTCQX: LDSYF), (Frankfurt: LD6, WKN: A14XHT) ("LDS" or the "Company") announces that on December 1, 2018, its subsidiary, Rêveur Corporation, executed a distribution services agreement with Rise Logistics LLC, an operating entity of DionyMed Brands Inc. (CSE:DYME), for distribution of its products into the California cannabis market.
The Rêveur product line will be distributed throughout California by Rise Logistics LLC starting this month. Rêveur Corporation's CEO, Kelly Christopherson, stated, "Rise Logistics is a well-established distribution company in California and our agreement will certainly strengthen the Rêveur business model. The Company's entire product line will be available to dispensaries throughout California beginning this month from Rise Logistics, strengthening one of Rêveur's major objectives to supply its products through legal, fully licensed and regulatory compliant distribution." The Company will continue to develop its product lines as well as build its white label business and contract manufacturing capabilities.
Peter Hilliard, Chief Operating Officer and EVP of DionyMed Brands Inc. stated, "The distribution agreement with Rêveur aligns with DionyMed's strategy of supporting the growth and expansion of leading brands in the growing legal cannabis market in California. We are excited to be working with Rêveur Corporation and leveraging our industry-leading platform to support the success of their product lines."
About Rêveur Corporation
Rêveur Corporation is located in Adelanto, California and is a City permitted and State Licensed manufacturer and distributor/transporter in the California cannabis industry. Rêveur's main operations consist of manufacturing extracted oils and distillates, as well as producing CannaStripsTM under a license agreement with Lifestyle Delivery Systems Inc., a British Columbian company.
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.