Grapefruit USA Inc (GPFT)

[CashBowski]

This is BIG!

Grapefruit USA, Inc. Announces Receipt of Initial Informal Acquisition Inquiry
Thu, February 11, 2021, 1:53 PM


LOS ANGELES and DESERT HOT SPRINGS, Calif., Feb. 11, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere, fully licensed California-based cannabis company, announces it has recently been approached by a Canadian cannabis company to enter into discussions concerning a potential acquisition transaction.

Bradley J. Yourist, Grapefruit CEO, commented, “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™ 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. Grapefruit has always been fundamentally driven by compliance, so management decided it was incumbent upon the Company to make this announcement to prevent possible selective leaks of this material and heretofore nonpublic information and/or to prevent insider trading. That being said, we wish to emphasize that the discussions reported here are preliminary in nature and may be terminated at any time. Grapefruit will update the public as necessary on these discussions as events proceed.”

To learn more about Grapefruit, please visit InvestorBrandNetwork:
https://www.investorbrandnetwork.com/clients/grapefruit-usa-inc/

To learn more about Grapefruit’s new sustained-release Hourglass™ THC + Cannabinoid Topical Delivery Cream, please watch this promotional video

and visit our website at:
https://grapefruitblvd.com/hourglass/

For investor information, please visit our website at:
https://grapefruitblvd.com/investor-relations/

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