Grapefruit Boulevard Investments Inc. IGNG Archives

WednesdayJan 22, 2020 9:21 am

QualityStocksNewsBreaks – Grapefruit Boulevard Investments, Inc. (IGNG) Files Amendment No. 1 to Registration Statement

Grapefruit Boulevard Investments (“GBI”), a licensed and fully compliant California based cannabis distribution and manufacturing company and a wholly owned subsidiary of Imaging3, Inc. (OTCQB: IGNG) (collectively “Grapefruit”), this morning announced that it has filed Amendment No. 1 to its Registration Statement on Form S-1 that was originally filed on July 28, 2019 regarding conversions of convertible notes issued to the company’s institutional investor Auctus Fund, LLC. “We are very pleased to file the Amendment which puts us back on track to complete the Auctus transaction. Pursuant to the terms of our Agreements with Auctus, immediately upon effectiveness of the…

WednesdayJan 15, 2020 10:40 am

QualityStocksNewsBreaks – Grapefruit Boulevard Investments, Inc. (IGNG) Enters Reseller LOI with Pacific Banking Corp.

Grapefruit Boulevard Investments (“GBI”), a licensed and fully compliant California based cannabis distribution and manufacturing company and a wholly owned subsidiary of Imaging3, Inc. (OTCQB: IGNG) (collectively “Grapefruit”), today announced its entry into a non-binding reseller letter of intent (“LOI”) with Seattle, Washington based Pacific Banking Corp. (“PBC”). Under the agreement, Grapefruit will market PBC’s unique, innovative and compliant banking services to properly licensed and compliant cannabis and hemp companies in Southern California which meet certain PBC qualitative criteria and metrics. “Our relationship with Mr. Costello grew to the point that on or about September 11, 2019, we appointed him…

WednesdayJan 08, 2020 9:28 am

QualityStocksNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Reports Positive Time-Release Efficacy Results from Initial THC Patchless Patch Laboratory Testing

Grapefruit Boulevard Investments, a Los Angeles based California corporation and wholly owned subsidiary of Imaging3, Inc. (OTCQB: IGNG), (collectively “Grapefruit”), this morning reported successful results from the initial round of laboratory testing of the time release efficacy of its patented THC Patchless Patch(TM) topical cream. The results showed that the product can deliver a consistent, reliable pre-defined dose of THC via a user’s skin throughout an estimated ten-hour time period. “The results of these tests of Grapefruit’s patented THC Cannabinoid time-release Patchless Patch have demonstrated its efficacy. Grapefruit believes that the consistent and sustained delivery of THC Cannabinoids over a…

MondayDec 16, 2019 9:55 am

QualityStocksNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Announces FINRA Filing to Change Corporate Name and Stock Ticker Symbol

Grapefruit Boulevard Investments, a Los Angeles based California corporation and wholly owned subsidiary of Imaging3, Inc. (OTCQB: IGNG), (collectively “Grapefruit”), this morning announced that, as of today, December 16, 2019, it has filed with the Financial Industry Regulatory Authority (“FINRA”) to change the company’s corporate name to Grapefruit USA, Inc., and stock ticker symbol to “GUSA,” “GPRE,” “GPFT” or such other symbol as FINRA and Grapefruit may agree. “Now that Grapefruit’s audit is complete and IGNG’s Super 8K has been filed, we are pleased to take this final step to formalize our transition from a development stage medical device company…

ThursdayDec 12, 2019 9:20 am

QualityStocksNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Secures Weekly Purchase Agreement Contract; CEO Discusses Various Revenue Streams

Grapefruit Boulevard Investments, a Los Angeles based California corporation and wholly owned subsidiary of Imaging3, Inc. (OTCQB: IGNG), (collectively “Grapefruit”), this morning announced that the company entered into a weekly purchase agreement on Friday, December 6, 2019. Per the agreement, IGNG will supply “fresh-frozen” cannabis flowers to a sizeable, Oakland, California-based cannabis extractor and manufacturer. Grapefruit CEO Bradley J. Yourist also commented on the company’s recent completion of its audit and “Super” 8K. “The sale of ‘fresh frozen’ cannabis flowers to multiple manufacturers is just one of the many revenue streams that Grapefruit is developing, including, but not limited to,…

MondayDec 02, 2019 11:09 am

QualityStocksNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Announces Completion of GBI Audit, Super 8-K Filing

Grapefruit Boulevard Investments (OTCQB: IGNG) (“GBI”), a Los Angeles based California corporation and wholly owned subsidiary of Imaging3, Inc., a Delaware corporation (OTCQB: IGNG) (collectively “Grapefruit” or the “Company”), today announced the Company’s November 29, 2019 filing of Amendment No. 1 to its current report on Form 8-K, which was originally filed on July 16, 2019. The Financial Statements and the Pro Forma Financial Statements were prepared by GBI’s Independent Auditor, SingerLewak LLP. “We are extremely grateful to SingerLewak and its team for their professionalism and dedication in conducting our initial audit which enabled us to file our Super 8-K,”…

MondayNov 25, 2019 10:54 am

QualityStocksNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) CEO Issues Comments on Recent 10-Q Filings

Grapefruit Boulevard Investments (OTCQB: IGNG), a Los Angeles based company and wholly-owned subsidiary of Imaging3, Inc. (OTCQB: IGNG), today issued comments from Grapefruit/Imaging3 CEO Bradley J. Yourist concerning IGNG’s recently filed quarterly report on Form 10-Q and Amendments 1 and 2 thereto. “Since our last public statement much of our corporate energy has been absorbed by our efforts to complete the Grapefruit audit which for a variety of reasons has taken much longer to complete than we had previously anticipated. One result of this state of affairs has been to put significant time pressure on our CFO, his accounting staff…

MondaySep 16, 2019 9:49 am

QualityStocksNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Enters MOU with “Patchless Patch” Patent Holder for Timed Release Delivery of Grapefruit’s Cannabis Products

Grapefruit Boulevard Investments (OTCQB: IGNG), a Los Angeles based cannabis company which has been licensed by the state of California to both manufacture and distribute cannabis products in California since January 2018, today announced its August 22, 2019, entry into a formal Memorandum of Understanding (“MOU”) with a privately held manufacturer of a novel patented and trademarked delivery system (the “patchless patch”). The delivery system is comprised of highly engineered microscopic particles that topically deliver a therapeutic payload to the user over an extended period of time. According to the update, the MOU is binding on both parties, and both…

WednesdaySep 11, 2019 9:33 am

QualityStocksNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Appoints Initial Corporate Advisor

California-based Grapefruit Boulevard Investments, a wholly owned subsidiary of Imaging3 (OTCQB: IGNG), this morning announced that on August 16, 2019 the company appointed Justin Costello as Grapefruit’s first non-director corporate advisor and the foundation member of its strategic advisory board. Justin Costello, CEO of GRN Funds, entered into a Corporate Advisory Services Agreement with Grapefruit which stipulates an initial term of one year that will renew automatically for six-month periods, subject to the mutual agreement of the parties. “Dan and I are very grateful to Justin for agreeing to accept our offer and become an official member of the Grapefruit…

WednesdaySep 04, 2019 10:22 am

QualityStocksNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Engages Singer Lewak in 2018/2019 Audits

Grapefruit Boulevard Investments, a Los Angeles based cannabis company which has been licensed by the state of California to both manufacture and distribute cannabis products in California since January 2018, has engaged Singer Lewak, LLP of Los Angeles to audit its financial statements. According to the update, the audit will cover financial statements as of and for the fiscal years ended April 30, 2018 and 2019 (the “Grapefruit 2018/2019 Audits”). As a result of its reverse acquisition of IGNG, closed in mid-July 2019, Grapefruit is now a wholly-owned subsidiary of Imaging3, Inc. (OTCQB: IGNG). The financial statements covered by the…

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