NetworkNewsBreaks – Why Grapefruit Boulevard Inv
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California-based Grapefruit Boulevard Investments, a wholly owned subsidiary of Imaging3 (OTCQB: IGNG), holds licenses initially issued by the state of California in January 2018 to manufacture and distribute cannabis products. A recent article discussing the company reads, “Grapefruit owns and operates its fully licensed and compliant ethanol extraction laboratory located in the Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, California. The company’s extraction lab produces high-quality, cannabis-derived distillate, also known as honey oil, from cannabis flower and “trim.” THC honey oil is one of the base cannabis commodities that serves as the active ingredient in everything from infused edibles and tinctures/creams to the cartridges used in vapes and e-cigarettes. Honey oil often sells on the wholesale marketplace for thousands of dollars per liter, with pricing being dependent on quantity purchased, as well as other market factors such as the availability and cost of the underlying flowers and/or trim.”
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