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GRAPEFRUIT USA INC. GPFT
(Total Views: 483)
Posted On: 06/17/2020 1:55:21 PM
Post# of 182
Posted By: stock-scamper
NEWS
Grapefruit USA, Inc. Announces that it has Pre-Sold Its 'Second-Harvest' of AAA Premium Quality Indoor Cannabis Flowers Based on the Quality and Success of Grapefruit's 'First Harvest' Earlier This Month
LOS ANGELES and DESERT HOT SPRINGS, CA / ACCESSWIRE / June 17, 2020 / Grapefruit USA, Inc., (OTC PINK:GPFT) ("Grapefruit" or the "Company" , a California based cannabis company, is announcing the presale of Grapefruit's ‘second harvest' of its AAA premium-quality indoor cannabis flowers based on the quality and success of its ‘First Harvest earlier this month. Grapefruit's utilizes a state-of-the-art atmosphere controlled, indoor Canopy grow system and an expert cultivation team to produce Grapefruit's premium grade Cannabis flowers.

The cannabis flowers' strains in Grapefruit's second harvest include ‘Wedding Cake', ‘Gelato 33' and 'Fire OG,' all highly sought-after strains in the Southern California market. In the next quarter Grapefruit's 'Runtz', a highly potent and desirable strain in So Cal., will be ready for harvest. In addition, Grapefruit's cultivation contract grants Grapefruit the right to purchase the "sugar trim" resulting from the hand trimming process of the harvested flowers which have many uses such a cannabis extracts and pre-rolls.

With respect to Grapefruit's presale of its 'second harvest' of its AAA indoor cannabis flowers, Bradley J. Yourist, Grapefruit CEO, stated, "Grapefruit was able to presell our second harvest based on the high-quality and rich terpene profiles of our first harvested flowers earlier this month. We have witnessed first-hand how the California market is seeing price acceleration resulting from increased demand for high-grade indoor grown cannabis flowers. Grapefruit's steady supply of high-quality indoor cannabis flowers for both white-label celebrity brands, Grapefruit's proprietary product lines and wholesale distribution customers is very advantageous to our Company.

Grapefruit will continue to work hand in glove with our Cultivator to continue our successful collaboration going into the future."

To learn more about Grapefruit, please visit our website at:

https://grapefruitblvd.com/investor-relations/

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