Lifestyle Delivery Systems Appoints President

Published: February 6, 2019

Lifestyle Delivery Systems Appoints President

Lifestyle Delivery Systems Inc. announced that its board of directors has appointed Casey Fenwick as the Company’s President. On February 1, 2019, the Company’s wholly-owned subsidiary, CSPA Group, Inc. (“CSPA”), and Mr. Fenwick entered into an employment agreement, for an initial period ending on January 31, 2020, and renewing on a month-to-month basis thereafter. Pursuant to the Agreement, Mr. Fenwick will serve as CSPA’s Director of Northern California Operations and Marketing Director, and serve as the Company’s President.

The Company agreed to a base annual salary of USD $180,000, which will be payable in monthly installments consistent with CSPA’s payroll practices. In addition, the Company agreed to grant Mr. Fenwick an option to acquire up to 2,000,000 shares of its common stock. The options will vest over a two-year period from the date of grant, at 250,000 shares per quarter, and may be exercised at a price of $0.465 per share expiring five years after each vesting date.

Mr. Fenwick has been in sales and marketing for the majority of his professional career. Mr. Fenwick brings with him wealth of knowledge he accumulated from working within various industries, which span large oil and gas projects to high profile digital advertising companies all over the world. In recent years Mr. Fenwick has worked closely with several cannabis manufacturing companies helping them to get off the ground with one of these projects recently reaching sales of $8 million dollars per quarter.

Lifestyle Delivery Systems Inc.’s CEO, Brad Eckenweiler, stated, “The addition of Mr. Fenwick to the LDS team will bring significant market knowledge and resources for the CSPA Group, Inc. to draw upon. Mr. Fenwick’s passion for growing businesses has already helped shape the cannabis industry and we anticipate his marketing abilities to be an extremely valuable asset for the Company’s 2019 product line launch.”

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