InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) Issues Update on DLC Acquisition, Long-Term Strategic Plans
March 10, 2023
Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, today provided an update to its recent announcement regarding the proposed acquisition of Diagnostic Lab Corporation Inc. of Englewood Cliffs, New Jersey (“DLC”), a diversified food and agriculture safety company, as well as the proposed recapitalization of the company. “We are providing this update to inform […]
Grapefruit USA, Inc. Provides Further Update on Diagnostic Lab Corporation Acquisition, Securing New Financing and Retail Store Plan
March 10, 2023
LOS ANGELES and DESERT HOT SPRINGS, Calif., March 10, 2023 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTC: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company, today updates its recent announcement regarding the proposed acquisition of Diagnostic Lab Corporation, Inc. of Englewood Cliffs, New Jersey (“DLC”), a diversified food and agriculture […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) Announces Status Update Regarding DLC Acquisition
November 21, 2022
Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, has announced an update regarding its proposed acquisition of Diagnostic Lab Corporation (“DLC”), a diversified food and agriculture safety company. In August, Grapefruit announced that it was finalizing its due diligence on the DLC acquisition and was in the “final stages” of negotiations regarding financing and […]
Grapefruit USA, Inc. Provides Further Update on Diagnostic Lab Corporation, Inc. Acquisition, Securing New Financing
November 21, 2022
LOS ANGELES and DESERT HOT SPRINGS, Calif., Nov. 21, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company, is updating its recent announcement of the proposed acquisition of Diagnostic Lab Corporation of Englewood Cliffs, New Jersey (“DLC”), a diversified food and agriculture safety […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) Enters Strategic Partnership with Rob Van Dam, Continues to Capitalize on Cannabis 3.0
September 29, 2022
Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company and cannabis distributor, today announced its entry into an exclusive licensing agreement with WWE Hall of Fame wrestler and cannabis pioneer Rob Van Dam to bring his branded cannabis products to the California retail marketplace. “Our industry has matured over the past several years, and that […]
Hall of Fame Wrestler and Cannabis Pioneer Rob Van Dam to Launch RVD Cannabis Brand in California Through Licensing Deal with Grapefruit USA, Inc.
September 29, 2022
LOS ANGELES and DESERT HOT SPRINGS, Calif., Sept. 29, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company and cannabis distributor, today announces that it has entered into an exclusive licensing agreement with WWE Hall of Fame wrestler and cannabis pioneer Rob Van […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) Announces Progress on DLC Acquisition, Secures New Financing
August 18, 2022
Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, today updated its recent announcement of the proposed acquisition of Diagnostic Lab Corporation of Englewood Cliffs, New Jersey (“DLC”), a diversified food and agriculture safety company, as well as announced the recapitalization of the company. According to the update, Grapefruit is finalizing its due diligence on […]
Grapefruit USA, Inc. Provides Update on Diagnostic Lab Corporation, Inc. Acquisition, Secures New Financing
August 18, 2022
LOS ANGELES and DESERT HOT SPRINGS, Calif., Aug. 18, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company, today updates its recent announcement of the proposed acquisition of Diagnostic Lab Corporation of Englewood Cliffs, New Jersey (“DLC”), a diversified food and agriculture safety […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) Announces Execution of LOI for DLC Acquisition
July 6, 2022
Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, has executed a binding letter of intention (“LOI”) with Diagnostic Lab Corporation (“DLC”). The letter, which was entered into on June 30, 2022, calls for the two companies to jointly recapitalize Grapefruit and raise $12.5 million of debt financing, which includes $5.5 million already committed from […]
Grapefruit USA, Inc. Executes Binding Letter of Intent to Acquire Diagnostic Lab Corporation, Inc., Secure New Financing
July 6, 2022
LOS ANGELES and DESERT HOT SPRINGS, Calif., July 06, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company, announces today the execution of a binding letter of intent (“LOI”), entered into on June 30, 2022, by the Company and Diagnostic Lab Corporation of […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) Announces Update on Proposed Acquisition of Diagnostic Lab Corporation
May 9, 2022
Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, today issued an update on its previously announced execution of a memorandum of understanding (“MOU”) with Englewood Cliffs, New Jersey-based Diagnostic Lab Corporation (“DLC”), a diversified food and agriculture safety company, concerning Grapefruit’s acquisition of DLC. According to the update, the company and DLC (the “parties”) […]
Grapefruit USA, Inc. Issues Update on Proposed Strategic Acquisition
May 9, 2022
LOS ANGELES and DESERT HOT SPRINGS, Calif., May 09, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company, is providing an update on its previously announced execution of a Memorandum of Understanding (“MOU”) with Diagnostic Lab Corporation of Englewood Cliffs, New Jersey, (“DLC”) […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) Renews Cannabis Distributor License
April 25, 2022
Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, announced that its cannabis distributor license has been renewed through May 13, 2023, by the California Department of Cannabis Control. The company noted that the license renewal was in record time, being the fastest annual renewal for Grapefruit since its original distribution license was issued in […]
Grapefruit USA, Inc. California Cannabis Distributor License Renewed in Record Time
April 25, 2022
LOS ANGELES and DESERT HOT SPRINGS, Calif., April 25, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company, announces today that its cannabis distributor license number C11-0000082-LIC has been renewed through May 13, 2023, by the California Department of Cannabis Control. This the […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) Announces Health Canada Approval for Hourglass(TM) Time Release THC+CBD Delivery Cream
April 19, 2022
Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, has received approval from Health Canada for its Notice of New Cannabis Product (“NNCP”). GPFT filed the notice in January. Health Canada approval allows Grapefruit to sell its patented Hourglass Time Release THC+CBD infused Topical Delivery Cream to licensed retail outlets in Canada and California; according […]
Health Canada Approves NNCP for Grapefruit USA, Inc. Hourglass™ Time Release THC+CBD Delivery Cream
April 19, 2022
LOS ANGELES and DESERT HOT SPRINGS, Calif., April 19, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company, announces today that its Notice of New Cannabis Product (“NNCP”), filed with Health Canada on Jan. 11, 2022, was approved by Health Canada on March […]
InvestorNewsBreaks – Grapefruit USA Inc.’s (GPFT) ‘Summit Boys’ Brand Available for Doorstep Delivery in LA County
April 4, 2022
Grapefruit USA (OTCQB: GPFT), a California canna-biotech company, today announced the launch of its Monterey-based “Summit Boys” brand of premiere concentrates on the Blitzdirect.com (“Blitz”) mobile delivery online platform in California. With this move, Grapefruit’s L.A. County customers can have Summit Boys’ top-shelf concentrates delivered directly to their doorstep via Blitzdirect.com. A leading California-licensed cannabis […]
Grapefruit’s ‘Summit Boys’ Brand Goes Mobile on Blitzdirect.com
April 4, 2022
LOS ANGELES and DESERT HOT SPRINGS, Calif., April 04, 2022 (GLOBE NEWSWIRE) — via InvestorWire – Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a California canna-biotech company, is announcing today that its Monterey-based “Summit Boys” brand of premiere concentrates are now available on the Blitzdirect.com (“Blitz”) mobile delivery online platform in California. As a result, […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) Premiere Cannabis Concentrate Brand to be Distributed in California
March 23, 2022
Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, has announced that Summit Boys, its premiere cannabis concentrate brand, will be available in the state of California through an agreement with Greenline Distribution of Monterey County, California. According to the announcement, Greenline is an award-winning cannabis cultivator and distributor, and is the creator of its […]
California Distribution Secured for Grapefruit’s Premiere Concentrate Brand ‘Summit Boys’
March 23, 2022
LOS ANGELES and DESERT HOT SPRINGS, Calif., March 23, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company, today announces that it has secured distribution in the state of California for Summit Boys, a Company-owned premiere cannabis concentrate brand. The distribution agreement has […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) on Track to Secure Approval of Hourglass(TM) NNCP
March 3, 2022
Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, today provided an update on progress with its previously announced Notice of New Cannabis Product (“NNCP”) filed with Health Canada for its patented Hourglass(TM) Time Release THC+CBD infused Topical Delivery Cream. Health Canada is the department of the federal government responsible for national health policy, and […]
Grapefruit USA, Inc. Update on Hourglass Health Canada NNCP Submission
March 3, 2022
LOS ANGELES and DESERT HOT SPRINGS, Calif., March 03, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company, is providing an update on progress with the Company’s previously announced Notice of New Cannabis Product (“NNCP”) filed with Health Canada for its patented Hourglass™ […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) CEO Elected to Coachillin’ Canna-Business Park Board
February 23, 2022
Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, today announced that its Chief Executive Officer Bradley J. Yourist was elected to the Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park’s Property Owners Association Board of Directors (the “Board”) for a one-year term, effective immediately. Located 14 miles north of downtown Palm Springs, the 160-acre Coachillin’ […]
Grapefruit USA, Inc. CEO Elected to Coachillin’ Canna-Business Park Board of Directors
February 23, 2022
LOS ANGELES and DESERT HOT SPRINGS, Calif., Feb. 23, 2022 (GLOBE NEWSWIRE) — via InvestorWire – Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company, today announces that its Chief Executive Officer Bradley J. Yourist has been elected to the Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park’s Property Owners Association […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) Executes Term Sheet with Dubai-Based Lender to Develop ‘Mothership’ Facility
February 16, 2022
Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, announced that has executed a term sheet with the Al Habtoor Group, located in Dubai, United Arab Emirates. The agreement is intended to finance development of GPFT’s two-acre location in the Coachillin’ Canna-Business Park in Desert Hot Springs, California. Calling the future facility the “mothership,” Grapefruit […]
Grapefruit USA, Inc. Announces Term Sheet with Dubai-Based Lender to Build GPFT ‘Mothership’
February 16, 2022
LOS ANGELES and DESERT HOT SPRINGS, Calif., Feb. 16, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based canna-biotech company, announces today that the Company has executed a term sheet with the Al Habtoor Group, located in Dubai, United Arab Emirates, to finance development of […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) CEO Releases Comment Regarding NFL’s $1M Award to Study Cannabis, CBD to Manage Pain
February 8, 2022
Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, has made comments on the recent news that the National Football League (“NFL”) awarded $1 million to two teams of medical researchers: one from the University of San Diego and the second team from the University of Regina in Canada. The funds are earmarked to study […]
Grapefruit USA, Inc. Comments on the NFL’s Recent $1 Million Award to Study the Use of Cannabis and CBD to Manage Pain
February 8, 2022
LOS ANGELES and DESERT HOT SPRINGS, Calif., Feb. 08, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company, comments on the National Football League’s recent award of a $1 million research grant to study the use of cannabinoids to manage pain. On Feb. […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) Submits NNCP Filing with Health Canada
January 25, 2022
Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, announced that it has filed Form 8-K with Health Canada; the filing is GPFT’s Notice of New Cannabis Product (“NNCP”) with Health Canada. Once GPFT receives approval of the NNCP from Health Canada, the company will be able to offer its patented Hourglass(TM) Time Release THC+CBD-Infused […]
Grapefruit USA, Inc. Files Health Canada NNCP Submission 8-K
January 25, 2022
Grapefruit USA, Inc. Files Health Canada NNCP Submission 8-K LOS ANGELES and DESERT HOT SPRINGS, Calif., Jan. 25, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company, filed a Current Report on Form 8-K yesterday covering its Notice of New Cannabis Product (“NNCP”) […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) Partner Submits NNCP to Health Canada
January 20, 2022
Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, has announced that its licensed distribution partner, Medz Cannabis, has filed a Notice of New Cannabis Product (“NNCP”) with Health Canada. GPFT noted that once approval of the NNCP is received, the company could sell its patented Hourglass(TM) Time Release THC+CBD-Infused Topical Delivery Cream to licensed […]
Grapefruit USA, Inc. Announces NNCP Submission to Health Canada to Enable Canada-Wide Sale of Grapefruit’s Patented Hourglass™ Time Release THC+CBD Delivery Cream
January 20, 2022
LOS ANGELES and DESERT HOT SPRINGS, Calif., Jan. 20, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company, is pleased to announce that its licensed distribution partner Medz Cannabis has filed a Notice of New Cannabis Product (“NNCP”) with Health Canada on Grapefruit’s […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) Announces Initiatives to Transform into Leading Multinational Cannabiotech Company
January 18, 2022
Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, today outlined its optimism for the new year, execution of existing plans and new initiatives as the company evolves in response to constant, rapid changes in the cannabis sector on its path to becoming a leading multinational cannabiotech. Among the highlights, the company reported that it […]
Grapefruit USA, Inc. Outlines 2022 Corporate Evolution
January 18, 2022
LOS ANGELES and DESERT HOT SPRINGS, Calif., Jan. 18, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company, is looking forward to the new year and execution of existing plans and new initiatives as the Company evolves in response to constant, rapid changes […]
InvestorNewsBreaks – Grapefruit USA Inc.’s (GPFT) Patented Hourglass(TM) Now Available on Blitzdirect.com
December 8, 2021
Grapefruit USA (OTCQB: GPFT), a premiere California-based cannabis and hemp company, today announced that its disruptive Hourglass(TM) time-release THC+Cannabinoid delivery cream is now available for purchase on the Blitzdirect.com (“Blitz”) mobile delivery online platform in California. Now, through Blitzdirect.com, Grapefruit’s Los Angeles customers have the option to have Hourglass delivered directly to their door. “This […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) Launches World’s Most Effectively Bioavailable CBD Delivery Cream
December 6, 2021
Grapefruit USA (OTCQB: GPFT), a premiere California-based cannabis and hemp company, today announced the official launch of the world’s first patented time-release, hemp-based CBD topical cream with boosted bioavailability, made possible by its proprietary Hourglass(TM) technology. Hourglass, a unique method for topical delivery of CBD, leverages a proprietary process that involves the grinding of CBD […]
Grapefruit USA, Inc. (OTCQB: GPFT) Leverages Its Patented Time Release Technology to Roll Out the World’s Most Effectively Bioavailable CBD Delivery Cream
December 6, 2021
LOS ANGELES and DESERT HOT SPRINGS, Calif., Dec. 06, 2021 (GLOBE NEWSWIRE) — via InvestorWire – Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere California-based cannabis and hemp company, today announces the official launch of the world’s first patented time-release, hemp-based CBD topical cream with boosted bioavailability, made possible by its proprietary […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) Provides Clarification of Execs Sale of Stock
November 19, 2021
Grapefruit USA (OTCQB: GPFT), a premiere California-based cannabis and hemp company, has released a clarifying statement regarding the sale of stock conducted recently by company executives. According to the announcement, GPFT executives do not take a salary, instead being compensated with GPFT common stock. The company noted that its leaders preferred equity compensation, voting to […]
Grapefruit USA, Inc. Clarifies Sale of Stock by Company Executives Pursuant to Rule 10b5 Sales Plan
November 18, 2021
LOS ANGELES and DESERT HOT SPRINGS, Calif., Nov. 18, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere California-based cannabis and hemp company, is clarifying the recent sale of stock by company executives. The Company’s executives do not take a salary. Several years ago, they elected […]
InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) to Move Forward with Regulatory Approval Process to Bring Hourglass(TM) to All Canadians
October 13, 2021
Grapefruit USA (OTCQB: GPFT), a premiere California-based cannabis and hemp company, today announced its entry into a formal collaboration with 6PAK Solutions Inc. and Medz Cannabis, Inc., 6PAK’s partner and license holder, to bring Grapefruit’s patented Hourglass(TM) Time Release THC+CBD Delivery Topical Relief Cream to market throughout Canada. According to the update, the formal collaboration […]