$IGNG Bradley J. Yourist, CEO stated, “As a result of Grapefruit’s completion of the reverse takeover of IGNG and obtaining the Investment, we will expand our current extraction laboratory operations to increase our efficiencies and output as well as continue to expand our distribution services throughout the State of California. Our expansion plans include the acquisition of additional cannabis licenses for permitted cannabis manufacturing and cultivation. In this quarter alone, Grapefruit will be launching its new line of unique infused cannabis edible and CBD products. Our team is also excited about our new line of unique vaporization cartridges, a total of 4 new SKUs, which employ high quality CCELL vaporization elements which more effectively and efficiently deliver our formulated cannabis oils for our customers. We have also identified, screened and interviewed key personnel who are ready, willing and able to join Grapefruit to implement our strategic expansion plans. Grapefruit is also exploring the acquisition of several retail dispensaries, first in California and then all across the nation, to achieve full vertical integration of our cannabis product offerings. With the implementation of the Investment, Grapefruit will have the capacity to position itself to become one of the premier cannabis and CBD brands both domestically and internationally.”