Lifestyle Delivery Systems Inc. Closes First Tranche of its Non-Brokered Private Placement

Vancouver, British Columbia, Canada, August 26, 2016, Lifestyle Delivery Systems Inc. (CSE: LDS, OTCQB: LDSYF, and XETR: LD6) (“LDS” or the “Company”) is pleased to announce that, on August 25, 2016, the Company closed the first tranche of its non-brokered private placement offering (the “Offering”) of up to 5,555,555 units (the “Units”) at a price of $0.18 per Unit, by issuing 2,653,000 units for total gross proceeds of $477,540.

Each Unit sold under the Offering consists of one common share of the Company and one share purchase warrant entitling the holder to purchase one additional common share for a period of one year after closing at an exercise price of $0.18 per share. 

The securities issued under the first tranche of the Offering will be subject to a hold period expiring on December 26, 2016 pursuant to applicable Canadian securities laws.

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. From start to finish, the production process tests for quality and composition of all the ingredients used in each and every strip, resulting in a delivery system that is safe, consistent and effective.

On behalf of the board of directors of Lifestyle Delivery Systems Inc.

Brad Eckenweiler

CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:

[email protected]

1-866-347-5058

Cautionary Disclaimer Statement:

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties relating to the Company’s limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, The Company undertakes no obligation to publicly update or revise forward-looking information.