Wednesday, October 26, 2016 8:26:21 AM
Lifestyle JV receives weed permit in California
2016-10-26 08:15 ET - News Release
Mr. Brad Eckenweiler reports
LIFESTYLE DELIVERY SYSTEMS INC.'S JOINT VENTURE PARTNER CSPA GROUP INC. RECEIVES CONDITIONAL USE PERMIT IN ADELANTO, CALIFORNIA
Lifestyle Delivery Systems Inc. and its wholly owned subsidiary, Canna Delivery Systems Inc. (CDS), have provided an update. Their joint venture partner CSPA Group Inc. has received its conditional use permit (CUP) in Adelanto, Calif., for extraction and manufacturing of medicinal cannabis products for sale throughout California.
The CUP permits the Joint Venture to operate within the Company's current 20,000 square foot facility to produce cannabinoid extracts and to manufacture CannaStrips in Adelanto, California. LDS will provide all the necessary equipment, technology and expertise to the Joint Venture for the production of cannabis oils, distillates, CannaStrips and additional medicinal cannabis products. Brad Eckenweiler, CEO of LDS states, "We are excited for the opportunity to have the CannaStrips technology operating in a permitted facility in California. Upon the completion of the equipment installations and infrastructure improvements the facility will have production capabilities for four hundred thousand packaged CannaStrips per day. With these capabilities it is conceivable that this facility could produce the necessary volume of CannaStrips to be delivered throughout the State of California". The Joint Venture has a target date of December 19th for completion of the facility's improvements. Upon the completion of these improvements and prior to the fiscal year end the Joint Venture intends to have distribution and sales throughout California, the largest cannabis market in the world which currently exceeds $2.9 billion in sales. The Company will have regular updates regarding the progress of the facility's improvements.
We seek Safe Harbor.
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM