NetworkNewsBreaks – Grapefruit Boulevard Investm
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Posted On: 07/29/2019 3:45:57 PM
NetworkNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Files Registration Statement with the SEC
California-based Grapefruit Boulevard Investments, a wholly owned subsidiary of Imaging3 (OTCQB: IGNG), this morning announced that on July 26, 2019, it filed a registration statement with the SEC on Form S-1 to register shares of the company’s common stock underlying the $600,000.00 convertible note recently issued to an institutional investor, as well as other securities to be issued to the investor. Now that the registration statement has been filed, the investor is required to fund the second tranche of $1,400,000 in accordance with the terms of the securities purchase agreement. Grapefruit anticipates the second tranche will be funded this week. “The filing of the registration statement is the timely achievement of yet another publicly stated goal of the company. Moreover, the infusion of an additional $1,400,000.00 of capital will allow IGNG/Grapefruit to, as expeditiously as possible, exploit significant revenue opportunities available to it and to move forward with its business plan as we move inexorably toward our goal of becoming the leading fully integrated, licensed and compliant cannabis product manufacturing and distribution company. We are pleased that another important box has been checked on time,” Grapefruit CEO Bradley J. Yourist stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
California-based Grapefruit Boulevard Investments, a wholly owned subsidiary of Imaging3 (OTCQB: IGNG), this morning announced that on July 26, 2019, it filed a registration statement with the SEC on Form S-1 to register shares of the company’s common stock underlying the $600,000.00 convertible note recently issued to an institutional investor, as well as other securities to be issued to the investor. Now that the registration statement has been filed, the investor is required to fund the second tranche of $1,400,000 in accordance with the terms of the securities purchase agreement. Grapefruit anticipates the second tranche will be funded this week. “The filing of the registration statement is the timely achievement of yet another publicly stated goal of the company. Moreover, the infusion of an additional $1,400,000.00 of capital will allow IGNG/Grapefruit to, as expeditiously as possible, exploit significant revenue opportunities available to it and to move forward with its business plan as we move inexorably toward our goal of becoming the leading fully integrated, licensed and compliant cannabis product manufacturing and distribution company. We are pleased that another important box has been checked on time,” Grapefruit CEO Bradley J. Yourist stated in the news release.
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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