Lifestyle Delivery Systems Inc. Announces Highway 395 Dispensary Has Received Conditional Adult Use Permit Approval
April 25 2019 - 9:00AM
InvestorsHub NewsWire
Lifestyle Delivery Systems Inc. Announces Highway 395 Dispensary
Has Received Conditional Adult Use Permit and Fire Department
Approval for the Construction of Its Dispensary on Rancho Road in
Adelanto, California
VANCOUVER, British Columbia, April 24, 2019
-- InvestorsHub NewsWire -- Lifestyle Delivery Systems Inc.
(CSE:LDS), (OTCQX:LDSYF), (Frankfurt: LD6,
WKN: A14XHT) ("LDS" or the "Company") is proud to announce that the
Highway 395 Dispensary project has received approval for its
construction plans from the San Bernardino County Fire Department.
The City of Adelanto approved the addition of a Conditional Adult
use permit to complement Highway 395 Dispensary's existing Medical
Use permit for the dispensary, as well as delivery operations. The
Conditional Adult Use permit is subject to the planning
commission's approval of the construction plans. The property is
owned by LDS Development Corporation and the construction will be
the responsibility of Highway 395 Dispensary. Ownership of the
completed project will remain an asset of LDS Development
Corporation, a wholly-owned subsidiary of the Company.
The Company's
CEO, Brad Eckenweiler, commented, "The addition of Adult Use
to the 395 Dispensary permit will allow for both medical and
recreational cannabis products to be sold at the dispensary and
delivered direct to the customer. This additional permit will allow
a significantly larger product line and increased revenue
potential. With the ability to retail both medical and recreational
products and the vertical integration of all aspects of the supply
chain being controlled by LDS affiliates, Highway 395 Dispensary
will be able to deliver a full spectrum of products direct to the
consumer and reduce the cost of those products with the
efficiencies created from a complete vertical integration from
genetics to final product. That translates into significant savings
to the customer and a competitive advantage in the marketplace for
the LDS affiliates". The Highway 395 Dispensary project is easily
visible from California Highway 395 with its daily traffic flow of
over 120,000 vehicles. The intersection has a traffic light and
turn lane for easy access to the proposed dispensary on Rancho
Road. The plans for this project have been submitted and are
awaiting approval from the planning department of the City of
Adelanto.
The Company will keep shareholders
apprised of its progress regarding this project.
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 any other form of delivery but also allows for
inclusion of a wide spectrum of ingredients from over the counter
medications to homeopathic, nutraceutical, vitamins and
supplements. 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.
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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