News Lifestyle Delivery Systems Inc. and Canna Delivery Systems Inc. Sign a Deal Point Letter for a Proposed Joint Venture to Produce CannaStrips with Cultivation Technologies, Inc.
(via Thenewswire.ca)
Vancouver, British Columbia / TheNewswire / June 14, 2016 - Lifestyle Delivery Systems Inc. (CSE: LDS, OTCQB: LDSYF) and its wholly owned subsidiary, Canna Delivery Systems Inc. (CDS), are pleased to announce the signing of a Deal Point Letter for a pro posed j oint venture to p roduce CannaStrips at Cultivation Technologies, Inc.'s 6-acre Coachella, California facility.
The proposed joint venture would enable a permitted facility to produce cannabinoid products using the CannaStrips technology together with an operating entity formed under California law . Brad Eckenweiler, CEO of LDS, stated "We are very optimistic that, upon the completion of this proposed joint venture, the resulting permitted facility will allow the CannaStrips brand to expand significantly in the largest cannabis market in the world."
Justin Beck, President of Cultivation Technologies, Inc., added "CannaStrips represents a disruptive technology to the California market -- the product is at the core of our strategy underneath the Coachella brand of cannabis products."
About Cultivation Technologies, Inc.
Cultivation Technologies is a real estate and branding firm which believes the future of cannabis resides in establishing brands that consumers love and trust. Cultivation Technologies announced its first brand in 2016 entitled "Coachella" along with an adjacent product line. Cultivation Technologies brands will be available within its joint venture or partnering markets, as well as through license to select cultivators, processors, and producers who possess requisite local or state authority and build / operate to its standards.
www.cultivationtech.com
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.