Wisdom Homes of America Inc (fka WOFA)

[VinnyChase]

https://lifestyledeliverysystem.com/lifestyle-delivery-systems-inc-provides-corporate-update-announces-binding-definitive-agreements-medicinal-marijuana-cultivation-manufacturing-operations-california-license-agree/

Cancellation of Prior License and Joint Venture Agreements

LDS’ current business focus is on its projects in Adelanto, California with NHMC and CSPA. As such, LDS has terminated its previously disclosed non-exclusive license and supply agreement with Wisdom Homes of America, Inc. (“WOFA”). WOFA had failed to make its annual license payments and had failed to meet its minimum gross sales targets as required under its license agreement. LDS’ other previously disclosed non-exclusive license agreement with Healthy Asylum Inc. expired in June 2016 in accordance with its terms. LDS’ previously disclosed joint venture with Cultivation Technologies, Inc. was terminated shortly after LDS entered into the original Memorandum of Understanding with NHMC and CSPA. Finally, LDS’ previously disclosed memorandum of understanding with Azonic Health Sciences, LLC (“Azonic”) has expired in accordance with its terms, although discussions with Azonic are still active and ongoing.