Lifestyle Delivery Systems Inc.
Lifestyle Delivery Systems Inc. announces Completion of NHMC Inc. and CSPA Group Inc. Membership Purchase
DGAP-News: Lifestyle Delivery Systems Inc. / Key word(s): Agreement/Miscellaneous Lifestyle Delivery Systems Inc. announces Completion of NHMC Inc. and CSPA Group Inc. Membership Purchase Vancouver, British Columbia, Canada, February 23, 2018, Lifestyle Delivery Systems Inc. (CSE: LDS), (OTCQB: LDSYF), (Frankfurt: LD6, WKN: A14XHT) (“LDS” or the “Company”) announces that the Company has restructured the membership purchase agreements for the NHMC Inc. and CSPA Group Inc. memberships with Debora and Jerry Davis. The rights of LDS to purchase the memberships of both NHMC Inc. and CSPA Group Inc. were assigned to Kelly Christopherson, the current member of a medical cannabis nursery and a medical cannabis retailer located in Adelanto, CA. In exchange, Ms. Christopherson granted LDS a five-year option to purchase the NHMC, Inc. and CSPA Group, Inc. memberships for one hundred U.S. dollars (US$100.00) each. The assignment was made to facilitate the transfer of the permits described below by the City of Adelanto. On February 21, 2018, the NHMC, Inc. and CSPA Group, Inc. memberships were purchased for one million two hundred and fifty thousand U.S. dollars (US$1,250,000.00) and three million (3,000,000) shares of LDS common stock. The two On behalf of the board of directors of Lifestyle Delivery Systems Inc. Brad Eckenweiler Suite 820, 1130 W. Pender St. CSE : LDS OTCQB : LDSYF Frankfurt: LD6, WKN: A14XHT www.lifestyledeliverysystem.com FOR MORE INFORMATION, PLEASE CONTACT: Cautionary Disclaimer Statement: 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.
23.02.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |