12:51:55 EDT Fri 19 Jul 2019
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Lifestyle Delivery Systems Inc
Symbol C : LDS
Shares Issued 107,494,894
Close 2019-05-22 C$ 0.43
Recent Sedar Documents

Lifestyle Delivery contracted farm plants 10,000 seeds

2019-05-23 09:09 ET - News Release

Mr. Brad Eckenweiler reports

LIFESTYLE DELIVERY SYSTEMS INC. ANNOUNCES THE FARM CONTRACTED BY AGROTECH LLC HAS PLANTED 10,000 SEEDS FOR OUTDOOR CULTIVATION

The farm managed by Lifestyle Delivery Systems Inc.'s wholly owned subsidiary, Agrotech LLC, has planted 10,000 seeds on two acres of licensed outdoor cultivation in Sacramento, Calif.

The two one-acre farms have planted the first of four crops for this cultivation season. This first crop planting of 10,000 auto-flower seeds will be fully grown in 90 days. The production projections for the farms this season are over 12,000 pounds of biomass. The farms plan to yield two full auto-flower harvests and two full-term harvests. The full-term harvest takes longer to grow and can be used for a wider variety of products depending on the market and the needs of the company at the time.

Casey Fenwick, president of Lifestyle Delivery Systems, stated: "It has been a lot of work getting to this stage, and I am excited to see the progress we are making. This is an exciting time for the company as a whole. This phase opens up a lot of new doors to the products we can sell through our anticipated dispensary and its home delivery service. Not only will it allow us to have more brands to sell, but it will also increase our margins within those brands."

The company's chief executive officer, Brad Eckenweiler, stated: "The fact that we are capable of producing four crops from these farms in a single season is evidence of our projected efficiencies using our genetics. The greater value may be the certainty of our cost of goods and the purity of the biomass produced on these farms."

The company will continue to update the market on all events as they become relevant.

About Lifestyle Delivery Systems Inc.

Lifestyle Delivery Systems 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.

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