00:43:41 EST Sun 17 Nov 2019
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Lifestyle Delivery Systems Inc
Symbol LDS
Shares Issued 107,494,894
Close 2019-06-12 C$ 0.36
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Lifestyle Delivery's CannaStrips now in 32 dispensaries

2019-06-13 08:47 ET - News Release

Mr. Brad Eckenweiler reports


Lifestyle Delivery Systems Inc. has delivered its flagship product, CannaStrips, to nine additional stores.

The CannaStrips rollout is proceeding according to plan. As mentioned previously, the company continues to see the current progress as an introduction and education phase, as CannaStrips is a market disruptor differing from other products with its discrete, effective and true sublingual delivery. The company's education efforts both to the merchant and the consumer have been bolstered with CannaStrips being available at multiple festivals and winning first place for best edible at Kushstock. The company has been diligently working on marketing and execution of its rollout strategy as it continues to increase the brand awareness, availability and sales of CannaStrips.

The company sees CannaStrips gaining traction among consumers who are looking for discrete, non-offensive delivery while benefiting from cannabis. Importantly, the ease of use and efficacy of CannaStrips appeal to the broader market throughout California.

President of LDS, Casey Fenwick, stated: "Within four months of active sales we have seen the frequency of reorders and order size steadily increasing. It is exciting to see our team's hard work paying off with growing brand awareness as we increase sales. I have been having great conversations with some of the larger California brands about branding collaborations. With the anticipated increase of traffic through the CannaStrips website that is being updated, it will be a perfect time to finalize some of these collaborations. The CannaStrips sales team is continuously performing vendor days in the stores and providing customers of the stores with more information about the science of the product."

Below are nine new dispensaries carrying CannaStrips:

  • Green Rush;
  • From the Earth (Santa Ana);
  • From the Earth (Port Hueneme);
  • The Circle;
  • Flower Power;
  • California Herbal Remedies;
  • The Peoples Remedy (Patterson);
  • The Peoples Remedy (Oakdale);
  • The Peoples Remedy (Modesto).

About CSPA Group Inc.

CSPA Group is located in Adelanto, Calif., and is a city-permitted and state-licensed manufacturer and distributor/transporter in the California cannabis industry. CSPA Group manufactures extracted oils and distillates and producing CannaStrips) under a licence agreement with Lifestyle Delivery Systems, a British Columbia corporation.

About CannaStrips

CannaStrips is formulated oral strip for effective buccal mucosal delivery that disrupts the barrier created by saliva coating the mucosal membrane for the active materials (in this case cannabinoids) which have been nanoparticulated and encapsulated to penetrate the multiple layers of mucosal and submucosal membranes to the blood stream. Once in the blood stream the encapsulation is undetectable as a foreign material by the liver. This undetectability allows the material to avoid being filtered out of the blood stream by the liver. The encapsulation also is more effective in penetrating the blood-brain barrier and allowing for greater bioavailability and extending the effective time from a single dose.

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 metre the dosage and assure the purity of selected product.

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