VANCOUVER, British Columbia, April 15, 2019 /CNW/ — Lifestyle Delivery Systems Inc. (CSE: LDS), (OTCQX: LDSYF), (Frankfurt: LD6, WKN: A14XHT) (“LDS” or the “Company”) announces that Highway 395 Dispensary has received approvals for environmental impact and yucca tree preservation requirements.
Highway 395 Dispensary has received approvals from the Environmental Protection Agency (“EPA”) regarding environmental impact of the proposed construction and has completed the required yucca tree preservation study to ensure that the proposed construction will not have a negative impact on the yucca tree population. The City of Adelanto informed Highway 395 Dispensary that the application for construction would most likely be on the agenda for planning commission approval this month. Once built, Highway 395 Dispensary would be accessible to a potential traffic count of over 120,000 vehicles per day with the benefit of a signal turn lane to easily access the facility from vehicles traveling in both directions. The dispensary will also offer direct delivery service operating under the name 420 Prime Delivery Inc. 420 Prime Delivery will service the high desert and southern California.
The Company’s CEO, Brad Eckenweiler, stated, “Highway 395 Dispensary is the final step in the completion of a truly vertically-integrated cannabis company from genetics to the customer’s door step. With the completion of the dispensary and the ability to deliver directly to the customer, the Company’s subsidiaries and affiliates can produce, package and deliver cannabis products at prices that will be significantly more competitive than other market participants.” The Company will continue to inform the market of corporate developments as they become available.
About Highway 395 Dispensary Inc.
Highway 395 Dispensary Inc. is in the process of building a comprehensive dispensary experience with a full array of cannabis products for walk-in customers, drive-thru customers and direct delivery to the customer’s home or office. The dispensary construction is anticipated to be completed in July/August of 2019.
About Lifestyle Delivery Systems Inc.
Lifestyle Delivery Systems Inc. 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. 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.
Lifestyle Delivery Systems Inc.
CEO & Director
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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.
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. In addition, marijuana remains a Schedule I drug under the United States Controlled Substances Act of 1970. Although Congress has prohibited the US Justice Department from spending federal funds to interfere with the implementation of state medical marijuana laws, this prohibition must be renewed each year to remain in effect. 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.
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