Grapefruit USA Inc. GPFT Archives

WednesdaySep 15, 2021 11:21 am

QualityStocksNewsBreaks – Grapefruit USA Inc. (GPFT) Acquires Controlling Interest in Monterey-Based Summit Boys Inc.

Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed California-based cannabis company, today announced that on Friday, Sept. 10, 2021, it closed on the acquisition of a controlling interest in Summit Boys Inc., a Monterey, California-based premium extracts brand that manufactures high-quality products. The acquisition from one of Summit Boys’ founders took place in a stock-for-stock transaction valued at $250,000, based on GPFT’s Sept. 10 closing price. Henceforth, all Summit Boys revenues will be consolidated with Grapefruit’s financial statements. “Summit Boys is a highly respected extracts brand in the California cannabis market, and we are very pleased with the completion of…

TuesdaySep 07, 2021 9:59 am

QualityStocksNewsBreaks – Grapefruit USA Inc. (GPFT) Issues Update Concerning Formation of Joint Venture, Potential Acquisition

Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed California-based cannabis company, today provided further updates to its March and May 2021 announcements regarding discussions with a Canadian cannabis company surrounding development of a memorandum of understanding (“MOU”). The MOU sets forth terms under which the parties could enter into a joint venture to jointly manufacture, distribute and market Grapefruit’s products, including, but not limited to, Grapefruit’s patented disruptive Hourglass(TM) THC/cannabinoid time-release delivery cream throughout Canada. “Execution of the MOU moved the entire process forward, as we now more clearly understand each other’s overall goals and priorities as well as the…

FridayAug 27, 2021 11:17 am

QualityStocksNewsBreaks – Grapefruit USA Inc. (GPFT) Committed to Creating High-Quality Products for Its Customers, Human or Otherwise

Grapefruit USA (OTCQB: GPFT) understands that humans aren’t the only ones who may benefit from all that cannabidiol (“CBD”) has to offer and is positioning in a rapidly growing market. The pet CBD industry has experienced significant growth over the last several years, with the Brightfield Group projecting an expected market valuation of more than $1.7 billion by 2025 (https://ibn.fm/p4rDv). Grapefruit is leveraging its expertise in the space with the launch of a new USDA-certified organic CBD pet tincture. “We understand that pet owners are now demanding organic, plant-based, natural remedies to keep their furry family members calm and in…

ThursdayAug 19, 2021 12:36 pm

QualityStocksNewsBreaks – Grapefruit USA Inc. (GPFT) Targeting Q3 2021 Entry into Canada for Innovative Hourglass(TM) Cream

Grapefruit USA (OTCQB: GPFT) recently announced an agreement with 6PAK Solutions Inc., a well-respected Canadian cannabis manufacturer and arm of ATG Pharma Inc. The agreement set the wheels in motion for targeted entry into Canada for its patented Hourglass(TM) Time Release THC+CBD Delivery Topical Relief Cream, one of the most effective cannabis topical creams on the market. A recent article reads, “According to the agreement, GPFT will file a Notice of New Cannabis Product (‘NNCP’) with Health Canada; the NNCP outlines the Hourglass production process including the integration of Grapefruit’s patented Z-Pod Xerogel Silica Gel technology into the Hourglass topical…

TuesdayAug 10, 2021 3:19 pm

QualityStocksNewsBreaks – Grapefruit USA Inc.’s (GPFT) Hourglass Stands Distinct in the Market

Grapefruit USA (OTCQB: GPFT) holds permits and licenses to both manufacture and distribute cannabis products throughout the state of California. “Grapefruit’s flagship product — Hourglass time-release delivery cream — features cutting-edge science and technology that solve the age-old problem of THC and other cannabinoids not being easily absorbed through the skin,” reads a recent article discussing the company and its innovative product. “The topical cream uses patented microsized particles to slowly deliver THC and a wide range of cannabinoids through skin topical administration. No other topical cream product on the market provides users with the holistic benefits of the range…

ThursdayAug 05, 2021 1:15 pm

Grapefruit USA Inc. (GPFT) Signs Agreement with Leading Canadian Cannabis Manufacturer to Offer Game-Changing THC/CBD Cream

GPFT forms strategic alliance with 6PAK Solutions Inc Company working to achieve goal of launching Hourglass in Canada in the third quarter of 2021 Grapefruit’s patented Hourglass delivery cream system has fundamentally changed the way humans absorb cannabinoids In the United States, Grapefruit USA (OTCQB: GPFT) provides consumers with one of the most effective cannabis topical creams on the market. Now, through its partnership with 6PAK Solutions Inc., Grapefruit can offer its patented Hourglass(TM) Time Release THC+CBD Delivery Topical Relief Cream in Canada too (https://ibn.fm/ofMBY). “We are very encouraged by 6PAK’s decision to form an alliance with Grapefruit to take…

ThursdayAug 05, 2021 10:20 am

QualityStocksNewsBreaks – Grapefruit USA Inc.’s (GPFT) Hourglass(TM) Products Hit the Shelves in One Plant Dispensaries Throughout California

Grapefruit USA (OTCQB: GPFT), a premiere California-based cannabis and hemp company, today announced that One Plant’s eight retail cannabis dispensaries from the California counties of Santa Barbara to Santa Cruz are all now featuring Grapefruit’s Hourglass(TM) Time-Release THC+CBD Delivery Topical Relief Cream. “It is gratifying that we have been able to place the company’s Hourglass products in the One Plant dispensaries throughout California, after months of COVID–related delays,” said Bradley J. Yourist, Grapefruit’s CEO and co-founder. “Grapefruit is confident that as we continue to educate licensed cannabis retailers about the many benefits of the Hourglass time-release THC and cannabinoid delivery…

TuesdayJul 27, 2021 9:53 am

QualityStocksNewsBreaks – Grapefruit USA Inc. (GPFT) Shares Insta Message from ELove: ‘Best Thing on the Market’

Grapefruit USA (OTCQB: GPFT), a premiere California-based cannabis and hemp company, and its flagship product, Hourglass THC+CBD Patchless Patch Topical Cream, has received an Instagram endorsement from Grammy Award-winning writer, producer and director Damien Matthias, known as ELove. ELove has performed and co-produced with LL Cool J, one of Def Jams Records’ first artists. He also played a key role in launching the careers of Tupac Shakur and John Forte of the Fugees and was integrally involved in the pre-internet marketing team of Def Jam Records, one of the most successful independent labels of all time. “Hourglass, the best thing…

MondayJul 26, 2021 11:25 am

QualityStocksNewsBreaks – Grapefruit USA Inc. (GPFT) Pioneering Future-Looking Ideals and Products

Grapefruit USA (OTCQB: GPFT), a fully licensed premier manufacturer and distributor in the legal cannabis marketplace, is committed to being an industry leader by using science and technology to create truly disruptive products for both the recreational and medicinal cannabis marketplace. GPFT recently announced that it is accepting cryptocurrency as payment for its full-spectrum THC Hourglass time-release technology-powered products through its newly launched e-commerce platform, joining other leaders in the cannabis space in paving the way. A recent article reads, “Grapefruit is building a well-earned reputation for pioneering future-looking ideals and products. The company’s flagship product features cutting-edge science and…

MondayJul 19, 2021 10:22 am

QualityStocksNewsBreaks – Grapefruit USA Inc. (GPFT) Issues Statement on Senators Proposed Act to Legalize Cannabis

Grapefruit USA (OTCQB: GPFT), a premiere California-based cannabis and hemp company, has noted its position on the potential enactment of the Cannabis Administration and Opportunity Act. Senators Chuck Schumer (D-NY), Ron Wyden (D-OR) and Cory Booker (D-NJ) released a discussion draft of the act on July 14, 2021. As presented, the act would remove cannabis from the federal list of controlled substances, making cannabis use legal at the federal level. According to the company’s announcement, the act also enables states to implement their own adult-use recreational cannabis laws. Almost 20 states have already done that, including California, where Grapefruit is…

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