resx18
1 year ago
Grapefruit https://grapefruitblvd.com/ (OTCPK:GPFT) updates it's recent announcment regarding the proposed acquisition of Diagnostic Lab, as well as the proposed recapitalization of the Company.
The Company announced it was “finalizing its due diligence on DLC and is in the final stages of negotiating the terms of its anticipated financing and structuring the transaction documents, all of which it expects to complete in the next several weeks.”
The Company further reported that “due to current general market and economic conditions, the anticipated transaction and financing process is active and continuing with all terms and conditions of financing and structure expected within the next 30 days.”
"Grapefruit is laying the groundwork to implement the Company’s long-term strategic plans to acquire several retail stores in the Eastern part of the United States as the next event in the Company’s evolution to a wellness-driven, medical science-based, canna-focused biotech company,” said Bradley J. Yourist, Grapefruit’s CEO and co-founder.
resx18
1 year ago
Grapefruit USA Inc. (OTCQB: GPFT) is a Delaware corporation which holds permanent annually renewable licenses issued by the State of California to manufacture and distribute cannabis products in California. Grapefruit is one of the first Companies to be issued an annually renewable distribution license. The Company manufactures and distributes a proprietary line of patented and branded cannabis and hemp-based products. The company manufactures this product line and distributes it, along with other cannabis and hemp products, in California and throughout the USA. Grapefruit's flagship product, its patented Hourglass THC-cannabinoid/CBD time release delivery cream, has harnessed cutting edge technology to introduce truly disruptive products to the cannabis and hemp marketplaces. The Company believes the Hourglass line of THC-cannabinoid/CBD products has fundamentally changed the way individuals use THC, other cannabinoids, and non-THC hemp-derived CBD products. A simple application of the Hourglass cream enables the user to experience the holistic benefits of THC, CBD and many other cannabinoids. As the market becomes aware of this proprietary line of products, demand will grow and the Company will capitalize on its proprietary hold on all Hourglass based products. The company is managed by a team of experts who possess the experience, skills and resources required to succeed in the competitive cannabis marketplace.