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Lifestyle Delivery Systems acquires maker of cannabis-infused strips

Canada's Lifestyle Delivery Systems Inc. acquired CSPA Group Inc., a licensed cannabis manufacturer and distributor in California.

Financial terms of the deal were not disclosed.

CSPA Group makes medical ingredients for cannabis-infused strips.

Lifestyle Delivery Systems conducted the transaction through its Adelanto, Calif.-based unit Rêveur Holdings Inc. Following the acquisition, CSPA Group will be known as Rêveur Corp.

The deal will allow for a seamless relationship between the company and its licensees, said Lifestyle Delivery Systems CEO Kelly Christopherson.

Lifestyle Delivery Systems licenses technology that produces infused strips which are used to deliver medications and supplements. The company said its operations and relationships will not be interrupted by the transition.