InvestorNewsBreaks – Grapefruit USA Inc. (GPFT) Issues Update Regarding Potential Acquisition, Joint Venture with Canadian Partner
Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed California-based cannabis company, today issued an update to its March 1, 2021, announcement that it had been approached by a Canadian cannabis company to enter into discussions concerning a potential acquisition transaction. The discussions evolved to include development of a memorandum of understanding (“MOU”) setting forth terms under which the parties could enter into a joint venture…