$GPFT Grapefruit USA, Inc. (OTCPINK “GPFT”) Co

$GPFT Grapefruit USA, Inc. (OTCPINK “GPFT”) Comments on the Significance of LVCA/BudTrader Acquisition; Grapefruit Near Term Plans
May 4, 2020 8:30 AM
Los Angeles/Desert Hot Springs, CA, May 04, 2020 (GLOBE NEWSWIRE) -- Grapefruit USA, Inc., (“GPFT”, “Grapefruit” or the “Company”) (OTCPink: GPFT) a California based cannabis company, last week announced in tandem with its social media licensor, BudTrader.com that Grapefruit’s control affiliate, Lake Victoria Mining Company, Inc. (OTCPINK: LVCA) (“LVCA”) had agreed to be acquired by BudTrader in a reverse acquisition. (see, www.grapefruitblvd.com www.budtrader.com )

Expanding on the significance of the proposed LVCA/BudTrader acquisition (the “Acquisition”), Bradley J. Yourist, Grapefruit CEO, stated, “The significance of the Budtrader / LVCA Acquisition, which provides us with a Budtrader board seat and the Budtrader CFO position cannot be over emphasized. After the closing of the LVCA / Budtrader.com acquisition, Grapefruit will continue to operate our wholesale cannabis distribution business, and our permitted cannabis extraction lab, enjoying growing revenues from these and other streams. We are also finalizing arrangements for the market release of our potentially disruptive, patented time-release “patchless patch” topical cream to the legal cannabis market.