Grapefruit USA Inc. GPFT Archives - Page 5 of 6

ThursdayMar 11, 2021 10:13 am

QualityStocksNewsBreaks – Grapefruit USA Inc. (GPFT) Signs Digital Services Consulting Agreement with BFN

Grapefruit USA (OTCQB:GPFT), a premiere, fully licensed California-based cannabis company, has inked a digital services consulting agreement with Roger Choudhury and his Business Financial Network (“BFN”). According to the agreement, BFN will produce tailored video presentations about Grapefruit and its products at least three times a month. The videos will focus on GPFT’s flagship product, its patented, disruptive Hourglass time-release THC/cannabinoid delivery cream. Other videos will feature interviews with Grapefruit management and other relevant subjects. Choudhury has been creating and distributing news and updates on selected companies through YouTube, Facebook, LinkedIn, Twitter, Instagram, Blogger and other social media sites for…

WednesdayMar 10, 2021 10:11 am

QualityStocksNewsBreaks – Grapefruit USA Inc. (GPFT) Announces Resignation of Outside Director

Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed California-based cannabis company, today announced the resignation of John M. Hollister. Hollister served as the company’s CEO prior to its reverse acquisition by Grapefruit Boulevard Investments as well as its transition from a developer of 3D imaging to a fully licensed manufacturer and distributor of cannabis products. These include Grapefruit’s patented, disruptive Hourglass(TM) time-release THC/cannabinoid delivery cream. “We are pleased that the previous chapter of the Imaging3/Grapefruit saga has come to an amicable conclusion. While we, of course, will devote the vast majority of our time and energy to our rapidly growing…

MondayMar 08, 2021 10:29 am

QualityStocksNewsBreaks – Grapefruit USA Inc. (GPFT) Announces Update on Informal Acquisition Inquiry

Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed California-based cannabis company, today released a further update on its recent announcement that it has been approached by a Canadian cannabis company (the “Canadian Partner”) to enter into discussions concerning a potential acquisition transaction and joint venture to manufacture, distribute and market Grapefruit’s products, specifically Grapefruit’s patented Hourglass(TM) THC/Cannabinoid time-release delivery cream throughout Canada. “We were recently informed by the Canadian Partner that it has duly noticed a shareholder’s meeting for early April 2021, at which it will, among other matters, consider and potentially seek approval of the potential joint venture and/or…

MondayMar 01, 2021 10:02 am

QualityStocksNewsBreaks – Grapefruit USA Inc. (GPFT) Provides Update on MOU with Canadian Cannabis Company, Potential JV

Grapefruit USA (OTCQB:GPFT), a premiere, fully licensed California-based cannabis company, is providing an update regarding the announcement of a potential acquisition transaction. The company earlier announced that a Canadian cannabis company had shown interest in entering discussions involving an acquisition transaction; those discussions led to the two companies signing a memorandum of understanding (“MOU”) in February. The MOU outlines terms under which the parties could enter into a joint venture (“JV”) that would call for the joint manufacture, distribution and marketing in Canada of Grapefruit’s products, including but not limited to Grapefruit’s flagship Hourglass(TM) THC/cannabinoid time-release delivery cream. “As we…

MondayFeb 22, 2021 10:47 am

QualityStocksNewsBreaks – Grapefruit USA Inc. (GPFT) Obtains California Trademark Protection for Flagship Hourglass Cream

Grapefruit USA (OTCQB:GPFT), a premiere, fully licensed California-based cannabis company, announced that it has secured trademark protection for its Hourglass name and logo. The now-protected name and logo are used on Grapefruit’s patented disruptive Hourglass(TM) THC/cannabinoid time-release delivery cream. With the approved trademark, the Hourglass name and logo are now categorized as protected intellectual property rights of Grapefruit USA Inc. That status means that no other company operating in the cannabis space can use the property; the announcement noted that Grapefruit also possesses common-law, first-in-time, trademark protection to Hourglass. In addition, the company has secured California trademark and service mark…

ThursdayFeb 18, 2021 11:04 am

QualityStocksNewsBreaks – Grapefruit USA Inc. (GPFT) Announces Update Regarding Informal Acquisition Inquiry, Development of MOU for Potential Joint Venture

Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed California-based cannabis company, today updated its recent announcement that it has been approached by a Canadian cannabis company to enter into discussions concerning a potential acquisition transaction. The discussions have evolved to include development of a memorandum of understanding (“MOU”) that sets forth terms under which the parties could enter into a joint venture to jointly manufacture, distribute and market Grapefruit’s products. These include, but are not limited to, Grapefruit’s patented disruptive Hourglass(TM) THC/Cannabinoid time-release delivery cream throughout Canada. “As previously announced, Grapefruit is not surprised that we have been approached concerning…

FridayFeb 12, 2021 2:53 pm

Grapefruit USA Inc. (GPFT) Rolls Out Hourglass by Grapefruit in Greater Los Angeles; Poised to Sustain Rapid Growth

Grapefruit expands availability of patented Hourglass by Grapefruit(TM) product to Greater Los Angeles area Hourglass is manufactured only at Grapefruit's Coachillin facility, available only through Grapefruit authorized retailers GPFT achieved robust growth in 2020, poised to continue momentum going forward as demand remains strong Grapefruit USA (OTCQB: GPFT), a premier fully licensed California-based company, has announced that its patented Hourglass time-release THC+Cannabinoid infused topical delivery cream has been rolled out to additional licensed retail cannabis locations in the Greater Los Angeles area (https://ibn.fm/ZohgC). Hourglass is manufactured exclusively at Grapefruit's Coachillin facility and available only through Grapefruit authorized retailers. The company…

FridayFeb 12, 2021 9:51 am

QualityStocksNewsBreaks – Grapefruit USA Inc. (GPFT) Approached about Potential Acquisition Transaction

Grapefruit USA (OTCQB: GPFT), a premiere fully licensed California-based cannabis company, has received an initial informal acquisition inquiry. The company announced that it had been approached by a Canadian cannabis company about entering into discussions concerning the possibility of an acquisition transaction. “Grapefruit is not surprised to be approached concerning a potential acquisition, in light of the company’s recent disclosure concerning its 714% year-over-year revenue increase; the public reaction to the company’s patented, disruptive Hourglass(TM) THC/cannabinoid delivery cream; and recent announcements by U.S. Senate Majority Leader Chuck Schumer concerning prioritization of the federal legalization of cannabis by de-scheduling THC,” said…

MondayFeb 08, 2021 11:07 am

QualityStocksNewsBreaks – Grapefruit USA Inc. (GPFT) Releases Preliminary Revenue Numbers, Notes 714% Growth for Calendar Year

Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed California-based cannabis company, announced its unaudited revenue results for calendar year 2020. The numbers indicate that Grapefruit totaled revenues of an estimated $3,672,353 for the year ended Dec. 31, 2020, which represents an increase of approximately $3,221,156 from 2019. The announcement noted that, based on those preliminary numbers, the company is reporting revenue growth of 714% in 2020. The company has spent the last year and a half focused on bringing its patented Hourglass(TM) topical THC/cannabinoid delivery cream to market. Demand for the disruptive product has been robust, the company reported, with…

WednesdayFeb 03, 2021 3:33 pm

Grapefruit USA Inc. (GPFT) Is ‘One to Watch’

Grapefruit USA Inc. holds licensing for manufacturing and distribution in California, issued in 2018; the company is positioned as a premier distributor and manufacturer in the state, with a focus on procuring, manufacturing and distributing the highest-quality materials With cannabis legalization gaining momentum worldwide, Grapefruit is currently uniquely situated to disrupt the market through its novel and proprietary products and services The global cannabis market is expected to grow to $97.35 billion by 2026, expanding at a CAGR of 32.92% The company provides a wealth of cannabis flower and cannabis products to licensed businesses, along with various services including distribution,…

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