Lifestyle Delivery Systems Inc. Enters into a Memorandum of Understanding with Healthy Asylum Inc.

 
 

Vancouver, British Columbia, Canada, June 11, 2015, Lifestyle Delivery Systems Inc. (CSE: LDS) (“Lifestyle” or the “Company”) is pleased to announce that its wholly owned subsidiary, Canna Delivery Systems Inc. (“CDS”), has entered into a non-binding Memorandum of Understanding (“MOU”) dated June 8, 2015 with Healthy Asylum Inc. (“HA”) in respect of a proposed licensing agreement, whereby CDS will license the Cannastrips technology on a non-exclusive basis to HA in Southern California, USA.

Healthy Asylum Inc. was established to further an alternative approach to traditional medicine using holistic herbal cannabinoid remedies. HA’s operations are headed up by Joshua Roper who has over a decade of medical marijuana horticulture and product management. He has been researching on vapor and smokeless option to assist medical marijuana patients in California.

Brad Eckenweiler, CEO and Director of Lifestyle, stated “We are extremely excited to partner with Healthy Asylum to expand our brand and technology into Southern California. Having local partners who understand the cannabis sector in California is key to our expansion into the California market. We believe that pairing the attributes of Healthy Asylum’s team with our expertise in the Cannastrips technology will be a successful combination.”

About Lifestyle

Lifestyle’s 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”

Brad Eckenweiler CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:

Tim Hamilton investor.relations@lifestyledeliverysystem.com 604-417-6400
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.

This news release contains forward-looking statements relating to the completion of the listing of the Company’s shares on the Canadian Securities Exchange and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the failure to satisfy the conditions of the Canadian Securities Exchange and other risks detailed from time to time in the filings made by the Company with securities regulations.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward- looking statements as expressly required by applicable law.