Lifestyle Delivery Systems Inc. Will Benefit From California Voters Approving Proposition 64 For Adult Recreational Marijuana Use
Vancouver, British Columbia, Canada, November 09, 2016, Lifestyle Delivery Systems Inc. (CSE: LDS, OTCQB: LDSYF) and it’s wholly owned subsidiary, Canna Delivery Systems Inc., (CDS) are ideally positioned to benefit from the passage of California’s Proposition 64 allowing individuals to purchase and consume marijuana products for recreational use.
The addition of the legal recreational use of marijuana to the existing medical marijuana regulations in California is expected to increase the current market size from approximately $2.9 billion annually to over $7 billion dollars USD annually The recent expanded supply chain and production capabilities are well timed to meet the anticipated increase in demand well beyond the current estimated production requirements of CannaStrips.. Brad Eckenweiler, CEO of LDS stated, “We are very confident in our current medicinal cannabis model and it’s probability of success. However, the addition of a recreational market will almost certainly double our projected revenue model and accelerate our market penetration and branding of CannaStrips.. It would be hard to image a more advantageous set of circumstances for LDS in this market sector and as the CEO I promise the Company will take full advantage and benefit of our positioning.”
About Lifestyle Delivery Systems Inc.
LDS’ 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. From start to finish, the production process tests for quality and composition of all the ingredients used in each and every strip, 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
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Lifestyle Delivery Systems Inc. Suite 810, 789 W. Pender St.
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T: (866) 347-5058 F: (604) 648-0517
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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. 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.