SOURCE: Wisdom Homes of America, Inc.

Wisdom Homes of America, Inc.

February 08, 2016 10:00 ET

WOFA Signs CannaStrips Licensing Agreement

TYLER, TX--(Marketwired - Feb 8, 2016) - Wisdom Homes of America, Inc. (the "Company") (OTC PINK: WOFA) concentrates on licensing products and technology benefiting the cannabis patient and consumer.

The Company has signed a definitive Licensing Agreement with Canna Delivery Systems, Inc., a wholly owned subsidiary of Lifestyle Delivery Systems, Inc. (OTCQB: LDSYF), pursuant to which the Company has licensed the CannaStrips brands for Northern California. Through the Licensing Agreement and the technology provided, the Company will have the ability to produce, market and sell CannaStrip branded products.

"Since our announcement that we're re-entering the cannabis space, we've received a significant amount of interest from both the retail and distribution sides of the marketplace," states Jim Pakulis, CEO of WOFA. "Part of the interest has to do with our management's strong, successful track record in the cannabis industry in which we orchestrated the growth of General Cannabis from zero to $16 million in annual sales in less than two years; and part has to do with the CannaStrips product itself. CannaStrips are cannabis infused oral strips (similar to breath strips), providing an exacting and controlled dosage of cannabis, without the health risks associated with smoking or potential chemical inhalation associated with some smokeless inhalers. The reasons we chose to re-enter the marketplace with CannaStrips is that we believe CannaStrips offers high quality ingredients and consistent dosages at very strong price points. In my opinion there are very few, if any, products like this with such strong upside potential. 

"One of the most important aspects of the licensing agreement is the territory. We have the rights to distribute in what is arguably the largest cannabis region in the United States, Northern California. And 2016 is again seeing strong sales in the medicinal and recreational cannabis space which we believe will continue on this trajectory for at least another five years," according to Jim Pakulis.

The Company plans on filing for a name change in the near future. The Company also announced that effective January 29, 2016 the "D" was dropped from its symbol and it is again trading under the ticker "WOFA". 

About Wisdom Homes of America, Inc.

Wisdom Homes of America, Inc., located in Tyler, Texas, has discontinued its manufactured housing retail centers. The Company concentrates on licensing products and technology that benefit the cannabis patient and consumer. The Company's common stock trades on the OTC Pink, under the ticker symbol "WOFA". More information about Wisdom Homes can be found at http://wisdomhomesofamerica.com

Safe Harbor Notice

Certain statements contained herein are "forward-looking statements". Wisdom Homes of America, Inc. cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. Wisdom Homes of America, Inc. undertakes no obligation to revise these statements following the date of this news release.

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