Lifestyle Delivery Systems, Inc. (LDSYF: OTCQB) | Canna Delivery Systems Inc. Announces Equipment Delivery to Licensee

Canna Delivery Systems Inc. Announces Equipment Delivery to Licensee

Oct 13, 2015

OTC Disclosure News Service

Vancouver, BC, Canada

Vancouver, British Columbia, Canada, September 25, 2015,
Canna Delivery Systems Inc.(“Canna”) a wholly owned subsidiary of Lifestyle
Delivery Systems Inc. (“LDS”) (CSE:LDS) is pleased to announce it has secured a
strip coating equipment, which is used to perform the functions coating a
metered amount of infused gelatin type product in a thin layer onto release
paper that when dried becomes a film easily separated from the paper. As per
the memorandum of understanding signed with Healthy Asylum, Inc. (news release
dated June 11, 2015), Canna has licensed the CannaStrips technology on a
non-exclusive basis to Healthy Asylum. The strip coating equipment will be
leased to Healthy Asylum as a core component of the CannaStrips technology.

Brad Eckenweiler, CEO and
Director of Lifestyle, stated: “The Company is excited to have the first
licensee moving forward on the production of products using the CannaStrips
technology.”

Canna’s filmstrip technologies
produce an oral delivery system that can be used for energy elixirs, herbal
remedies and a smokeless alternative option to medical and recreational users
of cannabis. Canna’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. The
Company will license the technology to licensees, who will in turn manufacture
CannaStrips where the legal use of marijuana is allowed.

On behalf of the board of directors
of
Lifestyle Delivery Systems
Inc.

“Brad Eckenweiler”                                         

Brad Eckenweiler

CEO Director

 

FOR MORE INFORMATION, PLEASE CONTACT:

 

David Velisek
investor.relations@lifestyledeliverysystems.com

 

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
.

This news release contains
forward-looking statements relating to the completion of the listing of the
Company’s shares on the Canadian Securities Exchange and other statements that
are not historical facts. Forward-looking statements are often identified by
terms such as “will”, “intend”, “anticipate”, and similar expressions. All
statements other than statements of historical fact, included in this release
are forward-looking statements that involve risks and uncertainties. There can
be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results to differ
materially from the Company’s expectations include the failure to satisfy the
conditions of the Canadian Securities Exchange and other risks detailed from
time to time in the filings made by the Company with securities regulations.

The reader is
cautioned that assumptions used in the preparation of any forward-looking information
may prove to be incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous known and
unknown risks, uncertainties, and other factors, many of which are beyond the
control of the Company. The reader is cautioned not to place undue reliance on
any forward-looking information. Such information, although considered
reasonable by management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly
qualified by this cautionary statement. The forward-looking statements
contained in this news release are made as of the date of this news release and
the Company will update or revise publicly any of the included forward-looking
statements as expressly required by applicable law.

 

Copyright © 2015 OTC Markets. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/LDSYF/news?id=116499

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