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Posted On: 09/16/2019 4:00:46 PM
Post# of 182
NetworkNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Enters MOU with “Patchless Patch” Patent Holder for Timed Release Delivery of Grapefruit’s Cannabis Products
Grapefruit Boulevard Investments (OTCQB: IGNG), a Los Angeles based cannabis company which has been licensed by the state of California to both manufacture and distribute cannabis products in California since January 2018, today announced its August 22, 2019, entry into a formal Memorandum of Understanding (“MOU”) with a privately held manufacturer of a novel patented and trademarked delivery system (the “patchless patch”). The delivery system is comprised of highly engineered microscopic particles that topically deliver a therapeutic payload to the user over an extended period of time. According to the update, the MOU is binding on both parties, and both have agreed to negotiate expeditiously into a more formal license agreement. “The Patchless Patch is the future of THC, and Grapefruit will be the first to deliver it to legal Cannabis product users,” Grapefruit CEO Bradley J. Yourist said in the news release. “We see it as a breakthrough and will do everything within our abilities to bring this novel cannabis delivery system to market expeditiously. Our Company’s mission has always been how to best enhance our customers’ health and wellness by leveraging novel, effective technologies and this unique cannabinoid delivery system will advance that mission. Grapefruit delivers yet another achievement on its inexorable advancement to legal cannabis and CBD industry leadership.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Grapefruit Boulevard Investments (OTCQB: IGNG), a Los Angeles based cannabis company which has been licensed by the state of California to both manufacture and distribute cannabis products in California since January 2018, today announced its August 22, 2019, entry into a formal Memorandum of Understanding (“MOU”) with a privately held manufacturer of a novel patented and trademarked delivery system (the “patchless patch”). The delivery system is comprised of highly engineered microscopic particles that topically deliver a therapeutic payload to the user over an extended period of time. According to the update, the MOU is binding on both parties, and both have agreed to negotiate expeditiously into a more formal license agreement. “The Patchless Patch is the future of THC, and Grapefruit will be the first to deliver it to legal Cannabis product users,” Grapefruit CEO Bradley J. Yourist said in the news release. “We see it as a breakthrough and will do everything within our abilities to bring this novel cannabis delivery system to market expeditiously. Our Company’s mission has always been how to best enhance our customers’ health and wellness by leveraging novel, effective technologies and this unique cannabinoid delivery system will advance that mission. Grapefruit delivers yet another achievement on its inexorable advancement to legal cannabis and CBD industry leadership.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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