Market header image

Filings

You are here

Lifestyle Delivery Systems Postpones Inspection Date

September 5, 2017

Vancouver, British Columbia, Canada, September 5, 2017, Lifestyle Delivery Systems Inc. (CSE: LDS), (OTCQB: LDSYF) and (Frankfurt: LD6, WKN: A14XHT) (“LDS” or the “Company”) announces that on September 1, 2017, the Company and CSPA Group, Inc. (“CSPA”) requested the fire department of San Bernardino County to postpone the inspection at the CSPA facility. The requested postponement was necessary to order replacement parts for the extraction equipment that were damaged during shipping and other equipment pieces that failed to operate properly during pre-inspection testing. After receipt and installation of the replacement parts, and pre-testing the equipment, the Company and CSPA will request a new inspection date. The new inspection is anticipated during the week of September 4, 2017.

Brad Eckenweiler, CEO of LDS, stated “This delay was unfortunate as we were all anticipating receipt of approval from the San Bernardino County Fire Department last week and the Certificate of Occupancy (COO) for manufacturing operations shortly thereafter. The Company still anticipates meeting its September target to commence manufacturing operations”.  The Company intends to post images of the non-proprietary areas of the extraction and laboratory sections of the facility on the Company’s website after receiving the COO.

About Lifestyle Delivery Systems Inc.

The Company’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. In addition, with the entering into its management services agreements with NHMC, Inc. and CSPA Group, Inc., the Company has begun its foray into being directly involved in the growing of medicinal ingredients for, and the manufacturing of, its products.  From seed to sale, the Company’s products and ingredients will be tested for quality and composition throughout the formulation and production processes, 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

FOR MORE INFORMATION, PLEASE CONTACT:
investor.relations@lifestyledeliverysystems.com
1-866-347-5058

And

Skanderbeg Capital Advisors
604-687-7130
mario@skanderbegcapital.com

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. 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.



CSE Listing(s):