"Grapefruit’s plans include an indoor 22,000 square foot multi-tiered canopy and adjoining tissue culture rooms. The canopy will produce thousands of pounds of the highest quality indoor cultivars of cannabis annually."
"Honey Oil sells in the wholesale marketplace at approximately $6,250 to $8,800.00 per liter. Pricing is dependent on quantity purchased as well as other market factors such as the availability and cost of the underlying trim – the raw cannabis material from which Grapefruit produces oil. Grapefruit began extraction operations in May 2019. Plans are in place to expand production through the purchase of additional extraction equipment which we expect will to allow the lab to produce two (2) to four (4) liters per day of finished Honey Oil by the end of 2019. Grapefruit chose to set up its extraction laboratory in the City of Desert Hot Springs because the City does not tax the manufacture of oil by Grapefruit at its Desert Hot Springs extraction facility, thereby providing Grapefruit with an additional competitive advantage."
From honey oil sales alone lowballing it they could make 4.5M a year.
"The location within Coachillin allows the Company to apply for and hold every cannabis license available under the California Cannabis laws."
"The Coachillin’ property owners association, which Grapefruit is a part of, will feature a unique drive through retail cannabis dispensary right off highway 10 on the way to Coachella and Palm Springs. Grapefruit will have the right to sell its cannabis products directly to the public through the drive through dispensary. Coachillin’ will also feature a cannabis hotel and music stadium and other visitor areas. By Grapefruit locating in Coachillin, the company gains instant exposure to thousands of hotel guests and other cannabis visitors that will visit the Coachillin’ cannabis friendly resort over time. Grapefruit believes that the canna-tourism industry will mature to be similar to the wine industry and can capitalize on this industry by virtue of its location within the Canna-business park."
This looks pretty cool actually. It's basically a weed resort on the way to Coachella. There was on average 250,000 in attendance at Coachella in 2017 and 750,000 in 2018.
As long as they follow through on all their plans I would say this stock should do well in the future.
And as long as we dont get greased with dilution into the dirt I would say we should be fine.
The cannabis banking bill should take place in the fall allowing cannabis businesses to access banks and receive funding.
So no more greasy deals through investors.
Might be awhile but miswel sit back and accumulate while it's low.
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