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Re: None

Wednesday, 08/09/2017 6:28:18 PM

Wednesday, August 09, 2017 6:28:18 PM

Post# of 451
Read this NR from yesterday shows why the delay and would indicate they are confident they will receive the approval they need to begin production.
"LIFESTYLE DELIVERY SYSTEMS PREPARES FOR CERTIFICATE OF OCCUPANCY INSPECTION AND SUBSEQUENT COMMENCEMENT OF MANUFACTURING AND EXTRACTION OPERATIONS

Lifestyle Delivery Systems Inc. has noted the City of Adelanto's second reading and approval of Ordinance No. 572 for medical cannabis manufacturing and extraction at the July 26, 2017, regular scheduled city council meeting.

Ordinance No. 572 for medical cannabis manufacturing and extraction is scheduled to go into effect on Aug. 25, 2017. The company intends to file a request for final inspection of its manufacturing facility on Aug. 24, 2017. Upon a final approval of the manufacturing facility and the implementation by the City of Adelanto of Ordinance No. 572, the company will prepare the facility for the commencement of operations, which will include both dry and wet production runs to calibrate the equipment and co-ordinate operational support systems and protocols.

Brad Eckenweiler, chief executive officer of Lifestyle Delivery Systems, commenting on the new timeline, stated: "The company's commencement of its manufacturing operations has been delayed by regulatory adjustments at the municipal level. However, we believe these adjustments only make the company's position in the industry stronger by reducing direct or indirect competition." Mr. Eckenweiler continued: "I believe that our company's ability to produce the highest-quality products safely and efficiently within a highly regulated environment will set standards for the cannabis industry. These standards, we believe, are necessary to convince the U.S. federal government to adjust their views and ultimately their position on medical cannabis and the companies who produce medical cannabis products." The company intends to continue a development strategy of building its infrastructure with the intention of exceeding the current and the proposed regulatory standards for the medical cannabis industry.

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."