06:32:14 EDT Mon 22 Jul 2019
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Lifestyle Delivery Systems Inc
Symbol C : LDS
Shares Issued 107,494,894
Close 2019-06-05 C$ 0.355
Recent Sedar Documents

Lifestyle plants 7,000 more pot plants in Calif.

2019-06-05 09:29 ET - News Release

Mr. Brad Eckenweiler reports

LIFESTYLE DELIVERY SYSTEMS INC. ANNOUNCES PLANTING OF 7,000 ADDITIONAL PLANTS FOR OUTDOOR CULTIVATION

Lifestyle Delivery Systems Inc.'s Agrotech LLC has planted 7,000 plants, in addition to the 10,000 seeds already planted, at the licensed outdoor cultivation farm near Sacramento, Calif.

In April, 2019, Agrotech planted 10,000 auto-flowering seeds that will be ready for harvest in July. Earlier this week, Agrotech planted an additional 7,000 full-term plants that started out as a mixture of clones and teens instead of seeds. The first crop in July will serve as biomass and material to make prerolls. The farm expects to have a steady stream of auto-flower harvesting every month going forward. These harvests will cover the farm's operating costs and, depending on the cannabis market, may generate profit from the initial harvest alone. The 7,000 full-term plants are the main purpose of the farm. The goal with these plants is to provide 20,000 pounds of usable material of various quality and at different price ranges. Harvesting these plants will allow CSPA Group Inc., the company's wholly owned subsidiary, to process material into oil for the company's flagship product, CannaStrips, as well as market outdoor flowers, small buds, preroll material, fresh frozen for concentrates, trim for bulk oil and terpenes for vape products. The above materials can be sold at higher margins, compared with material purchased from an alternative farm. The company's dispensary will be breaking ground next week and should be operational in time for the harvested materials being ready for resale, which will further increase the margins, compared with sales through third party providers. The outdoor farm completes the circle of vertical integration and allows the company to provide the California market with every product line at the highest margins possible, while still being competitively priced.

Casey Fenwick, president of Lifestyle Delivery Systems, commented: "This farm opens new doors to a number of companies LDS's affiliates and subsidiaries can now do business with for added revenue streams. This allows us to control the market pricing due to the fact that plant material is becoming scarcer. It is perfect timing for us to be in this space, as we see prices going up for flower and other plant material. We are planning to monitor market trends over the next few months and be strategic about the best use for these materials in order to capitalize on our current position and available resources of raw material."

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

About Lifestyle Delivery Systems Inc.

Lifestyle Delivery 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.

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