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LIFESTYLE DELIVERY SYSTEMS INC. (OTCMKTS:LDSYF) has obtained third-party test data on the finished material extracted from the preliminary fresh frozen cannabis bought from Northern California. The importance of these tests cannot be ignored in light of the anticipated testing requirements imposed by the California beginning on January 1, 2018, which will need that the final product must boast at least 99% purity.

The details

Based on a report issued by Steep Hill, which mentions to be the international pioneer in cannabis analytics and testing, over 84% of the cannabis presented to Steep Hills Berkeley lab was unclean. Lifestyle Delivery spent a substantial amount of time listing the fall harvests which would meet high standards LDS established for its raw materials utilized for the production of CannaStripsTM. Evaluation data showing zero contamination is a notable statement on the Lifestyle Delivery Scientific teams acquisition guidelines and will clearly improve the value of downstream offerings made from the extracted materials.

Lifestyle Delivery projects the existing fall outdoor harvest to exhibit around 80% of the available cannabis manufacturing in California until next spring. Due to the shortage of clean raw material, the price to buy additional raw material in this month and January 2018 may over double the existing outdoor price.

To stock adequate raw fresh frozen material to support production in Q4 2017, Lifestyle Delivery has arranged a secured credit facility worth US$500,000 with an unassociated third party creditor. This Credit Facility will enable the firm to buy additional raw material and will allow saving over $500,000 in raw material acquisition costs.

In the last trading session, the stock price of Lifestyle Delivery jumped more than 9% to close the day at $0.5568. The gains came at a share volume of 229,541 compared to average share volume of 98,662. After the recent gains, the market cap of firm was noted at $47.0 million.

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