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 safety company, as well... Read More

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 company, and the... Read More

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 Dam to bring his branded cannabis products to the California retail marketplace. Rob Van Dam (“RVD”) is an American professional wrestler and actor... Read More

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 company, and also announces the recapitalization of the Company. The Company is finalizing its due diligence on DLC and is in... Read More

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 Englewood Cliffs, New Jersey, (“DLC”) a diversified food and agriculture safety company, pursuant to which the Company and DLC will jointly recapitalize... Read More

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”) a diversified food and agriculture safety company, concerning Grapefruit’s acquisition of DLC. The Company and DLC (the “Parties”)... Read More

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 quickest annual renewal for the Company since its original distribution license was issued in January 2018. Bradley J. Yourist,... Read More

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 21, 2022, under NNCP ID No. NP-V2EHUWO907. As a result, Grapefruit is now authorized to sell its patented Hourglass™ Time Release THC+CBD infused Topical... Read More

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, Grapefruit’s L.A. County customers can have Summit Boys’ top shelf concentrates delivered directly to their doorstep via... Read More

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 been forged with Greenline Distribution of Monterey County, California. Greenline is an award-winning cannabis cultivator and... Read More

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™ Time Release THC+CBD infused Topical Delivery Cream. Approval of the NNCP by Health Canada will enable Grapefruit to sell its patented... Read More

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 Board of Directors (the “Board”) for a one-year term, effective immediately. The 160-acre Coachillin' Canna-Business... Read More

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 its 2-acre lot in the Coachillin’ Canna-Business Park in Desert Hot Springs, California, located just North of Palm Springs. The process now moves to the... Read More

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. 1, 2022, the NFL awarded $1 million to two teams of medical researchers to study the effects of cannabinoids, including cannabis, on pain management and... Read More

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”) filing with Health Canada. Approval of the NNCP by Health Canada will enable Grapefruit to sell its patented Hourglass™ Time Release THC+CBD-Infused Topical Delivery Cream to licensed retail outlets throughout... Read More

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 behalf. Approval of the NNCP by Health Canada will enable Grapefruit to sell its patented Hourglass™ Time Release THC+CBD-Infused Topical... Read More

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 in the cannabis sector on its path to becoming a leading multinational cannabiotech. The Company expects to file for approval of its Notice of New Cannabis... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premier California-based cannabis and hemp company, announces today that its patented, disruptive Hourglass™ time-release THC+Cannabinoid delivery cream is now available for purchase on the Blitzdirect.com (“Blitz”) mobile delivery online platform in California. Now, Grapefruit’s Los Angeles customers have the new option to have Hourglass delivered... Read More

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 Hourglass™ technology. Hourglass™ is a unique method for staggered and discreet topical delivery of CBD. The brand-new technology,... Read More

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 to be compensated with the Company’s common stock. The executives favor equity compensation because it is the ultimate incentive to ensure that their interests are... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere California-based cannabis and hemp company, is pleased to announce it has entered into a formal collaboration with Canadian companies 6PAK Solutions Inc. and Medz Cannabis, Inc., 6PAK’s partner and license holder, to bring Grapefruit’s patented Hourglass™ Time Release THC+CBD Delivery Topical Relief Cream to market throughout Canada. The formal... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere, fully licensed California-based cannabis company, today announces that on Friday, Sept. 10, 2021, the Company closed on the acquisition of a controlling interest in Monterey, California-based Summit Boys, Inc. (“Summit Boys”) from one of Summit Boys’ founders in a stock-for-stock transaction valued at $250,000, based on GPFT’s Sept. 10, 2021,... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere, fully licensed California-based cannabis company, today provides further updates to its March and May 2021 announcements concerning its discussions with a Canadian cannabis company regarding development of a memorandum of understanding (“MOU”) setting forth terms under which the parties could enter into a joint venture to jointly manufacture,... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere California-based cannabis and hemp company, is pleased to announce that One Plant’s eight retail cannabis dispensaries from Santa Barbara county to Santa Cruz county California are all now featuring Grapefruit’s Hourglass™ Time Release THC+CBD Delivery Topical Relief Cream. As previously announced, One Plant’s agreement to carry Grapefruit’s... Read More

Grapefruit USA, Inc. , (“GPFT,” “Grapefruit” or the “Company”) (OTCQB: GPFT), a California based cannabis company, today sets forth its position on the potential enactment of The Cannabis Administration and Opportunity Act (the “ACT”), a discussion draft of which was publicly released by Sen. Chuck Schumer (D-NY), Sen. Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ) on July 14, 2021. The ACT, as presented in the discussion... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere California-based cannabis and hemp company, is pleased to announce that Captor Capital Corp. (CSE: CPTR.CN; Frankfurt NMVA; Stuttgart NMVA) (“Captor”), which owns eight retail cannabis dispensaries from Santa Barbara County to Santa Cruz County, California, will all feature GPFT’s Hourglass™ Time Release THC+CBD Delivery Topical Relief Cream... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere California-based cannabis and hemp company, is pleased to announce it has signed a NDA with and formed a new strategic alliance with 6PAK Solutions Inc., a well-respected Canadian cannabis manufacturer and arm of ATG Pharma Inc., to bring Grapefruit’s patented Hourglass™ Time Release THC+CBD Delivery Topical Relief Cream to market throughout... Read More

Grapefruit USA, Inc. , (“GPFT,” “Grapefruit” or the “Company”) (OTCQB: GPFT), a California based hemp and cannabis company, announces today that it is expanding its hemp-based cannabidiol (“CBD”) product line with a new U.S. Department of Agriculture (“USDA”) certified CBD pet tincture targeting two of the most common dog and cat ailments – anxiety and joint pain. Grapefruit’s new Pet 300 mg CBD hemp-based tincture is... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere, fully licensed California-based cannabis and hemp Company, is updating the public with respect to previously issued press releases concerning the Company’s progress in certain key areas of its business: * Grapefruit’s disruptive, patented Hourglass topical delivery cream, powered by the ZPOD micro-technology, has been successfully infused with... Read More

Grapefruit USA, Inc. , (“GPFT,” “Grapefruit” or the “Company”) (OTCQB: GPFT) a California based hemp and cannabis company, announces that it has engaged investor relations and communications marketing firm SRAX, Inc. (“SRAX”) (NASDAQ:SRAX) to expose and market the Company, its patented, time-release Hourglass™ topical hemp-derived CBD and THC/cannabinoid product lines, its new e-commerce site and related affiliate program to... Read More

Grapefruit USA, Inc. , (“GPFT,” “Grapefruit” or the “Company”) (OTCQB: GPFT) a California based cannabis company, announces that in its quarterly report on Form 10-Q for the three months ended March 31, 2021, filed with the SEC on May 24, 2021, the Company reported net revenues of $350,815, a decrease of 10% over revenues of $393,559 for the three months ended March 31, 2020. This decrease in revenues was caused by a very... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere, fully licensed California-based cannabis company, is further updating its March 1, 2021, announcement that the Company had been approached by a Canadian cannabis company to enter into discussions concerning a potential acquisition transaction, that the discussions evolved to include development of a memorandum of understanding (“MOU”) setting... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a diversified California-based cannabis and hemp company, today announces it has commenced accepting cryptocurrency as payment at its recently launched e-commerce store: www.hourglassonlinestore.com Grapefruit’s customers who prefer to use Bitcoin, Ether, Bitcoin Cash, Litecoin, Dogecoin or Monero will now be able to “convert” their crypto of choice at... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a diversified California based cannabis and hemp company, today announces its new Affiliate Program which will complement its new E-Commerce Store at: https://hourglassonlinestore.com/affiliates/ . The new Affiliate Program is designed to facilitate the ability of approved and authorized third party resellers with existing online retail platforms to market... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a diversified California-based cannabis and hemp company, today announces the launch of its new worldwide e-commerce website, www.hourglassonlinestore.com , which features the Company’s novel line of THC-free, hemp-derived CBD products powered by its disruptive, patented Hourglass™ time release delivery cream. As a result, for the first time ever, people... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a diversified California based cannabis and hemp company, today announces its financial results for the year ended Dec. 31, 2020. Management Commentary “We are pleased to report net revenues of $3,672,353 for the year ended Dec. 31, 2020, an increase of $3,221,157 or 714% over revenues of $451,196 for the year ended Dec. 31, 2019, despite operating during a... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a diversified California based cannabis and hemp company, today announces its online merchant has been approved and that Grapefruit will launch its new U.S. e-commerce website in April 2021, featuring the Company’s novel line of hemp CBD only-derived versions of its disruptive, patented Hourglass™ time release delivery cream. The new e-commerce website will... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”) today announces that Sharon Boddie will join its Board of Directors, effective immediately. Sharon has over 20 years’ experience working in global media and digital marketing roles, leading Amazon, Apple, Fox, Farmers Insurance, Hulu and other Fortune 500 media campaigns. She is currently the Head of Media for Amazon Studios and Prime Video in Los Angeles,... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere, fully licensed California-based cannabis company, today announces that the Company has achieved another technological milestone in its proprietary manufacturing process for its patented, disruptive Hourglass™ time-release THC+ cannabinoid delivery... Read More

Grapefruit USA, Inc. , (OTCQB: GPFT) (“Grapefruit” or the “Company”) a premiere, fully licensed California based cannabis company, announces today that its patented, disruptive Hourglass™ time release THC+ Cannabinoid delivery cream and full spectrum RSO cannabis oil are now available for purchase on Crown Genetics’ (“Crown”)... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere, fully licensed California-based cannabis company, today announces the execution of a digital services consulting agreement with Roger Choudhury and his Business Financial Network (“BFN”), which broadcasts presentations concerning selected public companies. BFN will produce tailored video presentations about Grapefruit and its products –... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere, fully licensed California-based cannabis company, announces the resignation of John M. Hollister. Mr. Hollister served as the Company’s CEO prior to its reverse acquisition by Grapefruit Boulevard Investments, Inc. and its transition from a developer of 3D imaging to fully licensed manufacturer and distributor of cannabis products, including its... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere, fully licensed California-based cannabis company, is further updating its recent announcement that it has been approached by a Canadian cannabis company (the “Canadian Partner”) to enter into discussions concerning a potential acquisition transaction and joint venture to manufacture, distribute and market Grapefruit’s products, specifically... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere, fully licensed California-based cannabis company, is further updating its recent announcement that it has been approached by a Canadian cannabis company to enter into discussions concerning a potential acquisition transaction. The discussions have evolved to include development of a Memorandum of Understanding (“MOU”) setting forth terms under... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere, fully licensed California-based cannabis company, is announcing today that it has obtained California Trademark protection (CA Registration Nos.: 02009331 and 02009332) for Grapefruit’s patented disruptive Hourglass™ THC/Cannabinoid time-release delivery cream. The Hourglass™ name and logo are now protected intellectual property rights of the... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere, fully licensed California-based cannabis company, is updating its recent announcement that it has been approached by a Canadian cannabis company to enter into discussions concerning a potential acquisition transaction. The discussions have evolved to include development of a memorandum of understanding (“MOU”) setting forth terms under which the... Read More

Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere, fully licensed California-based cannabis company, announces it has recently been approached by a Canadian cannabis company to enter into discussions concerning a potential acquisition transaction. Bradley J. Yourist, Grapefruit CEO, commented, “Grapefruit is not surprised to be approached concerning a potential acquisition, in light of the... Read More