Grapefruit USA Inc (GPFT)

[mr_sano]

Lol..ignore the companies woefully poor financial component at ones own peril. A single well run retail dispensary will have a profit margin(not gross margin) of 40-50%and do average sales of $2k per sq ft yet this gem can’t stop the flow of red ink! A licensed distributor should be right in line and much higher volumes. Rest assured the Youris brothers will make bank but the massive supply overhead of cheap stock that has been and yet to be converted is growing everyday! Not to mention that the company has no lines of credit and must finance everything by selling off equity just to keep the lights on. Like I said before if they were profitable you could make the case to go public but Gpft has no reason to do so. They should have remain private and grow the business in a controllable manner. It’s not like reversing into a former OTC company that ran afoul of the SEC and defrauded it’s investors will simply be pushed under the rug.