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 … Continue reading “NetworkNewsBreaks – Grapefruit USA Inc. (GPFT) Issues Update on DLC Acquisition, Long-Term Strategic Plans”
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 … Continue reading “NetworkNewsBreaks – Grapefruit USA Inc. (GPFT) Announces Status Update Regarding DLC Acquisition”
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 … Continue reading “NetworkNewsBreaks – Grapefruit USA Inc. (GPFT) Enters Strategic Partnership with Rob Van Dam, Continues to Capitalize on Cannabis 3.0”
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 … Continue reading “NetworkNewsBreaks – Grapefruit USA Inc. (GPFT) Announces Execution of LOI for DLC Acquisition”
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 … Continue reading “NetworkNewsBreaks – Grapefruit USA Inc. (GPFT) Renews Cannabis Distributor License”
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 … Continue reading “NetworkNewsBreaks – Grapefruit USA Inc. (GPFT) Premiere Cannabis Concentrate Brand to be Distributed in California”
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 … Continue reading “NetworkNewsBreaks – Grapefruit USA Inc. (GPFT) Executes Term Sheet with Dubai-Based Lender to Develop ‘Mothership’ Facility”
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 … Continue reading “NetworkNewsBreaks – Grapefruit USA Inc. (GPFT) CEO Releases Comment Regarding NFL’s $1M Award to Study Cannabis, CBD to Manage Pain”
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 … Continue reading “NetworkNewsBreaks – Grapefruit USA Inc. (GPFT) Submits NNCP Filing with Health Canada”
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 … Continue reading “NetworkNewsBreaks – Grapefruit USA Inc. (GPFT) Partner Submits NNCP to Health Canada”
