Grapefruit USA Inc (GPFT)

[supercleetus]

They released the details of the agreement in one of their reporting statements. It actually gave away too much in detail including the commission on sales, the territories etc.

I have been in this longer than anyone here (competing with ND and Mike) and my opinion fwiw is this:

1. Like all pennies it’s high risk. Very high risk. If you don’t have money to lose you shouldn’t be here.
2. The original ticker had nothing to do with the current enterprise. I could go on about that story, their device (which I saw) and the foolishness and frauds of the presiding CEO but it’s of little meaning now.
3. The new company has always been a growth play more than anything else.
4. People should read about the Boston Brewing Company.
5. What is on market here is a product which MAY be a game changer - I’m still waiting to get my hands on some. The other products in their portfolio aren’t particularly special.
6. What is also on market here is the company’s ability to distribute and market which they seem to have at least some capability of. That combined with their licenses does make them a potential M&A or JV target.
7. Which would make them attractive to northern players looking to expand down here relatively cheaply.
8. Catalysts: good ER, name of a partner. Hype is also a catalyst but not my preference.
9. Otherwise this likely remains a boutique stock for 1-2 years minimum.