Canada NewsWire
VANCOUVER, British Columbia, Nov. 22, 2016
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.