Grapefruit is a typical penny stock scam that issues loads of shares for capital then releases nonsense PRs pumping up the phony business so the convertible debt holders can cash out. Rinse and repeat until shares are diluted into fractional pennies, then reverse split and do it all again until everyone is fleeced, at which point comes a name change. Rinse. Repeat.
Prove me wrong. I’ve seen this so many times in the pot sector since 2012. Sure there may be moments when fast money can be made but don’t think for a second this is a legit company trying to build a credible business.
THC/CBD patches are far from “disruptive technology” as Grapefruit claims. Similar patches are already available. And then there’s the mysterious Canadian merger that was to be announced in mid-April. Guess what? It’s almost June........and crickets.......
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