Grapefruit USA Inc (QB) (GPFT) Fundamentals

Description
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.
Share Info
StatusActive
Market Cap$ 7,503,665
Shares Authorized1,000,000,000
Shares Outstanding600,293,195
Shares Outstanding Date08/08/2022
Shareholder Count608
Shareholder Count Date04/15/2022
Float188,541,663
Float Date11/26/2021
Short Interest53,707
Short Interest Date07/29/2022
Reporting Info
Reporting StatusSEC Reporting
BankruptNo
ShellNo
Audit StatusYes
AuditorL & L CPAs PA
Auditor Address19720 Jetton Road
Cornelius, North Carolina 28031
USA
Auditor Websitehttp://www.llcpas.net
IR Firm-
IR Firm Address-
IR Firm Website-
Legal CounselLucosky Brookman LLP
Legal Counsel Address101 Wood Avenue South
Woodbridge, New Jersey 08830
USA
Legal Counsel Websitehttp://lucbro.com
Fiscal Year End12/31
ADR Ratio-
Transfer AgentVStock Transfer LLC
Transfer Agent Address18 Lafayette Place
Woodmere, NY 11598
USA
Depository Websitehttp://www.vstocktransfer.com
SHO Flag-
3210 Flag-
Company Info
Ticker SymbolUSOTC:GPFT
OTC Market TierOTCQB
Security TypeCommon Stock
CIK Number0001205181
Address10866 Wilshire Blvd
Suite 225
Los Angeles, California 90024
CountryUSA
Phone310-575-1175
Fax #-
Websitehttps://grapefruitblvd.com/
SIC Code / Description3844 / X-ray apparatus and tubes
Key ExecutivesDir. - James Jordan
Dir. - James Jordan
Dir. - Sharon Boddie
Dir. - Sharon Boddie
COO - Daniel Yourist
COO - Daniel Yourist
CEO - Bradley Yourist
CEO - Bradley Yourist
Counsel - Nicholas Coscia
Counsel - Nicholas Coscia
Number of Employees9
Incorporation StateCalifornia
Incorporation CountryUSA
Incorporation Year2017


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