California-based Grapefruit Boulevard Investments, a wholly owned subsidiary of Imaging3 (OTCQB: IGNG), this morning announced its August 21, 2019 receipt of the initial comment letter from the SEC Division of Corporation Finance. According to the update, the letter requires the company to file audited predecessor financial statements for Grapefruit Boulevard Investments, Inc. and audited pro forma financial information giving effect to the reverse acquisition. “We are pleased to receive this prompt and manageable response from the SEC Staff and look forward to responding as promptly as possible and to timely provide the public with all relevant disclosure concerning Grapefruit,” Grapefruit CEO Bradley J. Yourist stated in the news release. “We continue to execute our plan in a timely fashion.”
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About Grapefruit Boulevard Investments Inc.
Grapefruit Boulevard Investments, a wholly owned subsidiary of Imaging3 Inc. (OTCQB: IGNG), holds California permits and licenses to both manufacture and distribute cannabis products. Grapefruit’s cannabis and CBD extraction laboratory and distribution facilities are located in the industry recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, located on the extension of North Canyon Rd., approximately 10 miles north of downtown Palm Springs. Grapefruit obtained its California cannabis licenses in January of 2018 and commenced distribution of cannabis products thereafter. Grapefruit’s vision is to become a seed to sale, fully vertically integrated ethical and compliant cannabis and CBD product company. For more information, visit the company’s website at www.GrapefruitBlvd.com.
NOTE TO INVESTORS: The latest news and updates relating to IGNG are available in the company’s newsroom at http://nnw.fm/IGNG
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