Lifestyle Delivery Systems' Subsidiary, CSPA Group, Inc., Has Been Approved by the Bureau of Cannabis Control for a Provisional California State Transportation and Distribution License

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Lifestyle Delivery Systems' Subsidiary, CSPA Group, Inc., Has Been Approved by the Bureau of Cannabis Control for a Provisional California State Transportation and Distribution License

Canada NewsWire

VANCOUVER, British Columbia, May 8, 2019 /CNW/ -- Lifestyle Delivery Systems Inc. (CSE: LDS), (OTCQB: LDSYF) and (Frankfurt: LD6, WKN: A14XHT) ("LDS" or the "Company") announces that on May 7, 2019, the Bureau of Cannabis Control approved CSPA Group, Inc. for a Provisional Transportation and Distribution License. This provisional license is the last step before a permanent annual license is issued.

Brad Eckenweiler, CEO of LDS, stated, "The issuance of this provisional transportation and distribution license is just one more brick in the vertically-integrated foundation of the LDS family of subsidiaries, licensees and their operations. The provisional license is the precursor to issuance of the permanent annual transportation and distribution license." The corporate compliance team continues to work on all aspects of SOPs and regulatory compliance, including implementation of operational best practices in all of our licensed activities. The Company will continue to update the market on all relevant events and accomplishments related to the LDS companies.

About Lifestyle Delivery Systems Inc.

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. In addition, with the acquisition of Core Isogenics Inc. and CSPA Group, Inc., the Company has begun its direct involvement in the growing of medicinal ingredients for, and the manufacturing of, its products.  From seed to sale, the Company's products and ingredients will be tested for quality and composition throughout the formulation and production processes, 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:
[email protected]
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.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/lifestyle-delivery-systems-subsidiary-cspa-group-inc-has-been-approved-by-the-bureau-of-cannabis-control-for-a-provisional-california-state-transportation-and-distribution-license-300845988.html

SOURCE Lifestyle Delivery Systems Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/08/c6035.html

Copyright CNW Group 2019

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).