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Friday, January 27, 2023

Grapefruit USA Inc (OTCMKTS: GPFT) Breaking Out Northbound on Upcoming Diagnostic Lab Acquisition

Grapefruit USA Inc (OTCMKTS: GPFT) is making an explosive move over a penny since reversing off $0.0045 lows earlier this month. The stock has a history of big moves skyrocketing over $0.30 per share in early 2021. Now that GPFT has reversed and is moving northbound investors are accumulating once again. 

Several weeks ago, Grapefruit updated shareholders on 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 recapitalization of the Company. Grapefruit said the anticipated transaction and financing process is active and continuing, with all terms and conditions of financing and structure expected within the next 30 days. 

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Grapefruit USA Inc (OTCMKTS: GPFT) operating out of its Westwood, Los Angeles, California corporate headquarters holds California permits and licenses to both manufacture and distribute cannabis products in the Golden State. Grapefruit’s extraction laboratory and manufacturing 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 Road, approximately 14 miles north of downtown Palm Springs.

Grapefruit owns two acres of fully entitled cannabis real property located in the Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park where it intends to build a 30,000 square foot fully licensed cannabis facility. Last year, Grapefruit obtained a development permit to build a 30,000 square foot “Mothership” facility intended to house a state-of-the-art indoor grow as well as a separately licensed distribution hub and laboratory that will produce the patented Hourglass line of topical creams as well as high quality extracts from trim generated by processing the indoor grow. Grapefruit  intends to obtain CGMP  certification for the lab pursuant to the Good Manufacturing Practice regulations enforced by the FDA. 

The Company owns a fully licensed ethanol extraction facility in the City of Desert Hot Springs, CA. The Company owns and operates a Type 6 Ethanol Extraction Plant which removes the essential cannabis compounds, such as THC Distillate, that it, and others use, to produce cannabis products. 

Grapefruit products include:

Patented Time-Release Full Spectrum THC + CBD Delivery Cream.  Grapefruit is the first and only company to solve the inherent difficulties of efficient skin absorption of THC and other cannabinoids allowing our users to experience the full holistic benefits of THC+CBDs over time following a simple one-time application 

Summit Boys – Summit Boys is a multi-award winning extract brand with a proven track record of success. There is constant demand for all of Summit Boys ultra high-quality extracts.  Grapefruit acquired the majority share of Summit Boys in the fourth quarter of 2021 and will continue to cultivate the Brand into the foreseeable future.   

Sugar Stoned Gummies – Grapefruit signature gummies come in eight flavors and are a surefire way to elevate you. Conveniently dosed and refreshingly tart. Our edibles are a delicious way to sweeten up your life. 

Rainbow Dreams – Grapefruit’s Rainbow Dreams is our company life-style brand designed specifically for the recreational cannabis marketplace. The Rainbow Dreams Brand captures the “anything goes party vibe” of the 1970s by offering an array of cannabis products. 

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Grapefruit manufactures its patented Hourglass™ Time Release THC+CBD-Infused Topical Cream at its facility allowing it to maintain strict quality control standards. In addition, Grapefruit’s extraction lab produces high quality distillate or “Honey Oil” from trim that Grapefruit sources utilizing its distribution license as set forth above. THC Honey Oil is a fundamental cannabis commodity which serves as the active ingredient in products from infused edibles to tinctures/creams to the cartridges used in vapes or e-cigarettes. Honey Oil sells in the wholesale marketplace at approximately $2,250 to $3,250 per liter. Pricing is dependent on quantity purchased as well as other market factors such as the availability and cost of the underlying trim – the raw cannabis material from which Grapefruit produces oil. The Company decided to manufacture its own RSO (“Rick Simpson Oil”) infused product line. Grapefruit chose to set up its extraction laboratory in the City of Desert Hot Springs because the City does not tax the manufacture of oil by Grapefruit at its Desert Hot Springs extraction facility, thereby providing Grapefruit with an additional competitive advantage. 

Grapfruit’s patented Hourglass™ Time Release THC+CBD-Infused Topical Cream. Hourglass is the first and only patented Full Spectrum THC+ Cannabinoid Topical Cream that provides its users with a full body, synergistic entourage effect that was only available by smoking, vaping or consuming cannabis. Grapfruit’s Topical Cream is scientifically designed to deliver the full effects of THC combined with a broad range of cannabinoids for your overall health, wellness, and well-being. Laboratory tested with complete results available on every package via a designated QR Code. There is no other topical cream product on the market with the Company’s  patented technology that provides users with the holistic benefits of the entourage effect of THC+CBD, CBN, CBG, Delta8, THCV and CBE. Hourglass™ is currently available in licensed retail and mobile cannabis dispensaries in Central California and Los Angeles County, California. USA. Hourglass™ is not intended for use to cure, mitigate, treat, or prevent disease and we are not claiming otherwise. 

Earlier this year Health Canada approved the Company’s NNCP application authorizing Grapefruit to sell its patented Hourglass™ Time Release THC+CBD-Infused Topical Cream to licensed retail outlets throughout Canada under NNCP ID No. NP-V2EHUWO90 

The Company has also developed a 2018 Farm Bill compliant hemp-based CBD version of Hourglass™ which is currently being sold on its e-commerce website, The 2018 Farm Bill compliant hemp version of Hourglass™ contains no THC whatsoever which allows for greater flexibility to market and sell this version in traditional sale’s channels. The Hemp-derived version of Hourglass™ is not intended for use to cure, mitigate, treat, or prevent disease and we are not claiming otherwise. 

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Currently trading at an $8 million market valuation GPFT OS is 717,402,185 with 188,541,663 shares in the float. GPFT is an exciting story developing in small caps. The Company has been making some big moves including entering 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. Grapefruit also updated shareholders on 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 recapitalization of the Company. Grapefruit said the anticipated transaction and financing process is active and continuing, with all terms and conditions of financing and structure expected within the next 30 days.  We will be updating on BRLL when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Disclosure: we hold no position in BRLL  either long or short and we have not been compensated for this article.

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