VANCOUVER, British Columbia, Feb. 13, 2019 /PRNewswire/
-- Lifestyle Delivery Systems Inc. (CSE: LDS), (OTCQX: LDSYF), (Frankfurt: LD6, WKN:
A14XHT) ("LDS" or the "Company") announces that artwork has been finalized for the new CannaStrips™ packaging and has been
delivered to the printer.
LDS and its subsidiary, CSPA Group, Inc., have been struggling with the numerous changes to the state packaging regulations
which were passed in the last fourteen months. The CannaStrips™ packaging was delayed by the continuous
regulatory changes to packaging size, verbiage, warning, and informational placements. The State of
California has stated that the most recent changes to the packaging guidelines will be effective until 2020. Those
changes have been incorporated into what the Company hopes to be the final CannaStrips™ packaging artwork and
reviewed by CSPA Group's distributors, Sacramento advisers and corporate and cannabis legal
teams to ensure compliance with California law. As of today, the artwork is in the queue to be
printed. There will be three different variations of CannaStrips™ to be printed. First is the THC 10mg
version which will replace the product that is currently in stores. That packaging required stickers to incorporate the latest
regulatory changes to keep the product compliant pending printing of the final packaging. CSPA Group is adding a CBD
version with less than 2% THC and a version named 80/20 (80% CBD/20% THC). All versions of CannaStrips™ will have
ten individual strips to a package.
The Company's CEO, Brad Eckenweiler, stated, "The uncertainty of the state regulations has
proven to be our single most challenging obstacle with regards to the production and distribution of CannaStrips™.
The knowledge that we now have on the final version of the packaging regulations will make it possible to manufacture and
distribute a volume of CannaStrips™ throughout California sufficient to meet
the needs of every potential customer."
LDS President, Casey Fenwick, stated, "I personally spent time in some of the dispensaries for
our product launch and I am more confident than ever that there is a significant market for
CannaStrips™. The positive responses from customers in the first couple of weeks have confirmed that the
market is ready for a smokeless, convenient and discreet method of cannabis use. The
CannaStrips™ delivery system works, now our goal is to get them into every retail store in California as quickly as possible." The Company will continue to update the market as events
occur.
About CSPA Group Inc.
CSPA Group Inc. is located in Adelanto, California and is a City-permitted and State-licensed
manufacturer and distributor/transporter in the California cannabis industry. CSPA Group
manufactures extracted oils and distillates, as well as produces CannaStrips™ under a license agreement with
Lifestyle Delivery Systems Inc., a British Columbia company.
About Lifestyle Delivery Systems Inc.
Lifestyle Delivery Systems Inc. is a technology company that licenses its technology to a state-of-the-art production and
packaging facility located in Southern California. The Company's technology produces infused
strips (similar to breath strips) that are not only a safer, healthier option to other forms of delivery but also superior
bioavailability of cannabis constituents. Some strips will also include supplemental co-active ingredients such as
nutraceuticals, vitamins and peptides. The technology provides a new way to accurately meter the dosage and assure the purity of
selected product. From start to finish, the production process, based on the Company's technology, tests for quality and
composition of all the ingredients used in each and every strip which results in a delivery system that is safe, consistent and
effective.
Lifestyle Delivery Systems Inc.
Brad Eckenweiler
CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
information@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.
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.