$IGNG R/M with MJ Company Grapefruit BLVD Investors due on oe before May 22nd. Quote from CEO of GrapeFruit.
Brad Yourist, GBI CEO added “Another goal achieved. This mainstream financial commitment not only provides us with a rapid infusion of approximately $4,000,000 so we don’t miss a beat as we build our business, but also provides us with a mechanism to raise up to an additional $6,000,000.00 as the market reacts to our successful execution of our action plan. The simultaneous closing of the Acquisition and this financing affords us the opportunity move ahead decisively, while at the same time leaving us the opportunity to explore all other financing alternatives which may become available to us in the future. GBI’s management is truly gratified by the IGNG/GBI team’s efforts in securing this requisite level of financing which will allow us to proceed in a steady, pragmatic fashion the results of which will inure to the benefit of our shareholders, strategic partners and financial stakeholders. GBI looks forward to closing the Acquisition on or before May 22, 2019 and thereafter ramping up our efforts to rapidly grow our revenues”.
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