VANCOUVER, British Columbia, May 4, 2018 /CNW/ -- Lifestyle
Delivery Systems Inc. (CSE: LDS), (OTCQX: LDSYF), (Frankfurt: LD6, WKN: A14XHT) ("LDS" or the
"Company") announces that its affiliate, CSPA Group, Inc., submitted an application with required exhibits to the State of California for an annual Volatile and Non-Volatile Extraction and Manufacturing License.
CSPA Group, Inc. received an extended Temporary State Volatile and Non-Volatile Extraction and Manufacturing License from the
State of California Department of Public Health Manufacturing Cannabis Safety Branch. The extended Manufacturing License expires
on July 28, 2018. The temporary license will allow CSPA Group, Inc. to continue to operate while
the application for an annual license is being reviewed.
During the week of April 30, 2018, CSPA Group, Inc. received 240 pounds of cannabis bio-mass to
convert into distillate for cartridges. The bio-mass will be tested prior to extraction and distillation. The resulting
distillate will be tested for cannabinoid and terpene content, as well as its purity. Brad
Eckenweiler, CEO of LDS, stated, "This delivery of bio-mass for extraction and distillate is the beginning of commercial
extraction and distillation operations." The CSPA Group, Inc. is confident that contract production of extracted products using
the technology that is soon to be acquired from Quality Resources, LLC. will become a significant revenue stream for the Company
in the very near future.
About Lifestyle Delivery Systems Inc.
Lifestyle Delivery Systems Inc. is a licensed, state-compliant vertically integrated cannabis-related company. From our
isogenic pollination nursery to our cutting edge, state-of-the-art production facility located in Southern California, LDS has become one of the most diverse, innovative and scientifically based cannabis
companies throughout North America. The Company'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. 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.
On behalf of the board of directors of Lifestyle Delivery Systems Inc.
Brad Eckenweiler
CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
investor.relations@lifestyledeliverysystem.com
1-866-347-5058
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. In addition, marijuana remains a Schedule I drug under the United States
Controlled Substances Act of 1970. Although Congress has prohibited the US Justice Department from spending federal funds
to interfere with the implementation of state medical marijuana laws, this prohibition must be renewed each year to remain in
effect. 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.
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SOURCE Lifestyle Delivery Systems Inc.
View original content with multimedia: http://www.newswire.ca/en/releases/archive/May2018/04/c1665.html