Wisdom Homes of America Inc. (WOFA)

Wisdom Homes is a company focused on licensing products and technology benefiting the cannabis patient and consumer 

Summary:

Wisdom Homes announced in January 2016 that they were exiting the Home Building business and instead were focusing on the cannabis market.  They have licensed 'CannaStrips' from Canna Delivery Systems Inc. that has a publicly traded company Lifestyle Delivery Systems Inc. 

There is an agreement in place that allows Wisdom Homes to sell Cannastrips in Northern California.  This is a high profit margin product and the belief is that a large amount of revenue will come in due to the upcoming legalization of marijuana across California.

President:  James Pakulis, CEO

Involved in more than one company. Here's an article on one of his others:
https://investingnews.com/daily/resource-investing/agriculture-investing/cannabis-investing/lifestyle-delivery-systems-outlines-strategy-recreational-use-california/


Wisdom Homes of America
500 North Northeast 323 Loop
Tyler, Texas 75708
Phone: (903) 593-7855
www.WisdomHomesofAmerica.com

Press Release 01-06-2016
http://www.marketwired.com/press-release/wisdom-homes-completes-reverse-stock-split-executes-letter-intent-license-proprietary-otc-pink-wofad-2086010.htm
The Company also announces the execution of a non-binding LOI with Canna Delivery Systems Inc. ("Canna"), a wholly owned subsidiary of Lifestyle Delivery Systems Inc., to license Canna's proprietary technology for producing cannabis infused oral strips (similar to breath strips) called "CannaStrips." The LOI contemplates that Canna will grant to the Company a non-exclusive license to manufacture and distribute CannaStrips in Northern California. It is expected that the Company will pay Canna an annual license fee of $25,000 and that Canna will be the exclusive supplier to the Company of all non-medicinal ingredients for CannaStrips. In addition, the Company will have access to the CannaStrips brand, and will have the option to contract or sub-contract to cannabis producers and retailers throughout Northern California. Acquisition of the license rights remains conditional upon the negotiation and execution of definitive binding agreements.

Press Release 02-14-16
http://finance.yahoo.com/news/wofa-contracts-manufacturer-cannastrip-142325448.html
The Company is proud to announce that it has contracted with Healthy Asylum, Inc., a manufacturer of oral strips including CannaStrips. Healthy Asylum has completed an automated production run of CannaStrips CBD formula, which will be used for samples and will be distributed to health care professionals for evaluation among their patients. The sample production run lasted 2 hours and utilized approximately 10% of the production capability, which produced the equivalent of 10,000 strips. Healthy Asylum is a licensee of Canna Delivery Systems Inc., the subsidiary of Lifestyle Delivery Systems, Inc.

Press Release 04-14-16
http://finance.yahoo.com/news/california-vote-legitimize-recreational-marijuana-130117644.html
WOFA believes the potential legalization and the statewide rules increase the overall value of the non-exclusive licensing rights that the Company has to CannaStrips. In the past five months the Company refocused all of its efforts back into the medicinal cannabis industry. After significant due diligence it identified a specific market segment, oral strips (similar to breath strips), providing an exacting and controlled dosage of cannabis, without the health risks associated with smoking or potential chemical inhalation associated with some smokeless inhalers. It has executed a licensing agreement with Canna Delivery Systems, Inc., a wholly owned subsidiary of Lifestyle Delivery Systems, Inc. in which the Company has the non-exclusive license to market CannaStrips throughout northern California. And it has secured manufacturing and distribution relationships, as well as received orders.

Corporate Update

As a result of discontinuing operations in the housing market and re-focusing on the cannabis industry, as well as the large number of equity transactions in 2015 during the transition, the Company has experienced a significant increase in the number of accounting transactions which has caused a delay in filing our 10-K within the extended timeline. The Company is aggressively working to complete the filing and will provide an update within ten days if the filing has not been completed. Subsequent to the filing the Company plans to perform a variety of corporate changes including file for its name change and the re-location of corporate offices.

Press Release 04-27-16

http://finance.yahoo.com/news/wofa-manufacturer-announces-significant-increase-150314229.html
TYLER, TX--(Marketwired - Apr 27, 2016) -  Wisdom Homes of America, Inc. (the "Company") ( OTC PINK : WOFA ) concentrates on licensing products and technology benefiting the cannabis patient and consumer. 

WOFA is pleased to announce that its licensee, Healthy Asylum Inc., has doubled its strip production capabilities. Healthy Asylum has reconfigured the production line and production design specifications in order to satisfy the increased capacity. The Company is also in the process of identifying new packaging solutions. Similar to WOFA, Healthy Asylum is a licensee of Lifestyle Delivery Systems, Inc.
 

Share Count as of 10/23/2018


Authorized Shares 900,000,000 10/23/2018
Outstanding Shares 787,809,137 10/23/2018
Restricted 2,308,821 10/23/2018
Unrestricted 785,500,316 10/23/2018
Held at DTC 785,500,057 10/23/2018

https://www.otcmarkets.com/stock/WOFA/security



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