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Rêveur Holdings Acquires California Cannabis Company CSPA Group
Thursday 08 November 2018

8 November 2018 - California, US-based Rêveur Holdings Inc., a wholly owned subsidiary of Canada-based Lifestyle Delivery Systems Inc. (CSE: LDS), (OTCQX: LDSYF) (Frankfurt: LD6) (WKN: A14XHT) has acquired CSPA Group Inc., the holder of California licenses for cannabis manufacturing and cannabis distribution and transportation, the company said.
CSPA Group, Inc. will now be known as Rêveur Corp. This acquisition will allow for a seamless relationship between LDS and CSPA's licensees. The company expects all operations and relationships to continue without interruption through this transition.
Rêveur Corp. (formerly known as Adelanto Agricultural Advisors Inc.) is a city permitted and State licensed manufacturer and distributor/transporter in the California cannabis industry, manufacturing extracted oils and distillates, and producing CannaStrips under a license agreement with Lifestyle Delivery Systems Inc.
Lifestyle Delivery Systems Inc. is a technology company that licenses its technology to a state-of-the-art production and packaging facility located in Southern California.
The company's technology produces infused strips (similar to breath strips) that are not only a safer, healthier option to any other form of delivery but also allows for inclusion of a range of ingredients from over the counter medications to homeopathic, nutraceutical, vitamins and supplements.
Date Published: 08/11/2018
Target: CSPA Group Inc
Country: USA
Sector: Agriculture/Forestry
Type: Corporate acquisition
Status: Closed
Buyer: R, êveur Holdings Inc
Terms of the deal were not disclosed