Grapefruit USA, Inc. Expands Its Hemp Based CBD Products

LOS ANGELES and DESERT HOT SPRINGS, Calif., June 14, 2021 (GLOBE NEWSWIRE) — by way of InvestorWire – Grapefruit USA, Inc., (“GPFT,” “Grapefruit” or the “Firm”) (OTCQB: GPFT), a California based mostly hemp and hashish firm, declares at present that it is increasing its hemp-based cannabidiol (“CBD”) product line with a brand new U.S. Division of Agriculture (“USDA”) licensed CBD pet tincture focusing on two of the commonest canine and cat illnesses – nervousness and joint ache.

Grapefruit’s new Pet 300 mg CBD hemp-based tincture is derived from USDA Licensed Natural hemp, grown solely in america.

The pet CBD {industry} has skilled vital development over the past a number of years, with an anticipated market valuation of over $1.7 billion by 2025, in accordance with the Brightfield Group. Total pet possession can be rising, due partly to the pandemic, with greater than half of U.S. households having a pet canine or cat and 64% of CBD shoppers are particularly shopping for CBD merchandise for his or her pets due to the holistic advantages they supply.   The worldwide CBD pet market dimension was valued at USD$27.7 million in 2019 and is anticipated to develop at a compound annual development fee (CAGR) of 40.3% from 2020 to 2027. The perceived advantages of hashish, excessive consciousness amongst pet homeowners, and shoppers’ choice for pure pet dietary supplements have led to an upsurge within the development of this market.

“We perceive that pet homeowners at the moment are demanding natural, plant-based, pure treatments to maintain their furry relations calm and in good well being, and keep away from the potential damaging side-effects of generic, artificial pet medicines,” stated Bradley Yourist, co-founder and CEO of GPFT. “Grapefruit’s new Pet CBD Tincture meets that pet-owner market demand as a result of it’s derived from hemp grown proper right here within the U.S. and every batch is lab examined for purity.”

“Our dedication to acquire the USDA licensed natural seal clearly demonstrates GPFT’s continued dedication to creating the perfect, high-quality, secure and efficient CBD merchandise for our prospects, be they human, feline, canine or in any other case. Our pets deserve the identical reduction that their homeowners have skilled with our different CBD merchandise, corresponding to our THC free, hemp-derived CBD Hourglass time-release topical reduction cream.”

“Our shareholders and prospects can go to GPFT’s on-line e-commerce retailer and buy our natural Pet CBD tincture at https://hourglassonlinestore.com/product/usda-certified-organic-cbd-tincture-for-pets/.”

To be taught extra about Grapefruit, please go to InvestorBrandNetwork:
https://www.investorbrandnetwork.com/clients/grapefruit-usa-inc/

To buy Grapefruit’s ground-breaking CBD supply cream, please go to:
https://hourglassonlinestore.com/

To be taught extra about Grapefruit’s new sustained-release Hourglass™ THC + Cannabinoid Topical Supply Cream, please watch this promotional video https://www.youtube.com/watch?v=6cU9MJMgH1w&feature=youtu.be and go to our web site at:
https://grapefruitblvd.com/hourglass/

For investor data, please go to our web site at:
https://grapefruitblvd.com/investor-relations/

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About Grapefruit

Grapefruit’s company headquarters is in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to each manufacture and distribute hashish merchandise within the Golden State. Grapefruit’s extraction laboratory and manufacturing and distribution amenities are positioned within the industry-recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Enterprise Park in Desert Scorching Springs, positioned on the extension of North Canyon Highway, roughly 14 miles north of downtown Palm Springs. To acquire additional data on Grapefruit and its operations, please go to the Firm’s web site at https://grapefruitblvd.com/.

Protected Harbor Assertion

Grapefruit cautions that any assertion included on this press launch that isn’t an outline of historic information is a forward-looking assertion. Many of those forward-looking statements comprise the phrases “anticipate,” “imagine,” “estimate,” “might,” “intend,” “anticipate” and comparable expressions. Precise outcomes, efficiency or achievements may differ materially from these contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based mostly largely on the expectations of the Firm and are topic to a lot of dangers and uncertainties inherent in Grapefruit’s enterprise, together with, with out limitation: the Firm might not ever receive extra funds essential to help its enterprise improvement and development plans; and the Firm might not ever obtain the market success to achieve or maintain a worthwhile enterprise. As well as, there are dangers and uncertainties associated to financial recession or terrorist actions, competitors from a lot bigger hashish corporations, sudden prices and delays, potential product legal responsibility claims, and plenty of different components. Extra detailed details about Grapefruit and the danger components which will have an effect on the conclusion of forward-looking statements is about forth within the Firm’s filings with the Securities and Trade Fee, together with the Firm’s Annual Report on Type 10-Okay, its Quarterly Report on Type 10-Q for the interval ended March 31, 2021, and its Registration Assertion on Type S-1/A. Such paperwork could also be learn freed from cost on the SEC’s web site at www.sec.gov. You might be cautioned to not place undue reliance on these forward-looking statements, which communicate solely as of the date hereof. All forward-looking statements are certified of their entirety by this cautionary assertion, and Grapefruit undertakes no obligation to revise or replace this press launch to mirror occasions or circumstances after the date hereof. This warning is made underneath the secure harbor provisions of Part 21E of the Non-public Securities Litigation Reform Act of 1995.

Investor Relations Contact:
Bradley Yourist
ir@grapefruitblvd.com
18776 Blue Dream Crossing, Unit LL1 53-07
Desert Scorching Springs, California 92240
(760) 205-1382
https://grapefruitblvd.com/

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