NewsPretty quiet on this one......
Hope 2016 is the year of LDS.
Canna Delivery Systems Inc. Executes Letter of Intent to License Proprietary Technology Vancouver, British Columbia, Canada, January 6, 2016, Lifestyle Delivery Systems Inc. (CSE: LDS and OTCQB: LDSYF) (“LDS” or the “Company”) is pleased to announce that Canna Delivery Systems Inc. (“CDS”), the Company’s wholly owned subsidiary, has executed a non-binding letter of intent (“LOI”) to license its proprietary technology for producing dissolvable cannabis infused oral strips called “CannaStrips” to Wisdom Homes of America, Inc. (“WOFA”). The LOI contemplates that CDS will grant WOFA a non-exclusive license to manufacture and distribute CannaStrips in Northern California. It is expected that WOFA will pay CDS an annual license fee of $25,000 and that Canna will be the exclusive supplier to WOFA of all non-medicinal ingredients for CannaStrips. In addition, CDS will grant WOFA access to the CannaStrips brand, with an option to contract or sub-contract to cannabis producers and retailers throughout Northern California. Grant of the license rights remains conditional upon the negotiation and execution of definitive binding agreements. James Pakulis, the President of Lifestyle Delivery Systems Inc. and CEO of Wisdom Homes of America, Inc., stated: “We are excited for the opportunity to partner with Wisdom Homes of America and believe that the partnership with this company will allow CDS to successfully introduce its CannaStrips products to Northern California market.“