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LOS ANGELES and DESERT HOT SPRINGS, Calif., June 28, 2021 (GLOBE NEWSWIRE) — by way of InvestorWire – Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Firm”), a premiere California-based hashish and hemp firm, is happy to announce it has signed a NDA with and fashioned a brand new strategic alliance with 6PAK Options Inc., a well-respected Canadian hashish producer and arm of ATG Pharma Inc., to deliver Grapefruit’s patented Hourglass™ Time Launch THC+CBD Supply Topical Reduction Cream to market all through Canada.
As a part of this new strategic alliance, Grapefruit intends to file a Discover of New Hashish Product or “NNCP” with Well being Canada detailing the Hourglass manufacturing course of together with integration of the patented Z-Pod Xerogel Silica Gel know-how into the Hourglass topical supply cream system. Upon approval of the NNCP by Well being Canada, Grapefruit intends to launch its Hourglass™ Time Launch THC+CBD Supply Cream throughout Canada, hopefully, within the third quarter of 2021.
The Firm believes its Hourglass™ supply cream system is a very disruptive supply know-how that has basically modified the best way people can ingest THC and different cannabinoids to acquire their distinctive holistic advantages. A easy utility of Grapefruit’s Hourglass™ cream is all that’s wanted for Grapefruit’s customers to acquire the complete physique entourage results and associated aid of THC and a big selection of different helpful cannabinoids. Moreover, and most significantly, Grapefruit is the unique licensee of the Z-Pod Xerogel Silica Gel for hashish merchandise in North America. Solely Grapefruit possesses the know-how to fabricate the Hourglass™ time–launch supply cream from the Xerogel Gel and solely Grapefruit authorized retailers can promote the Hourglass™ time-release supply cream in america, Canada and Mexico. Hourglass is the way forward for wholesome hashish supply methods.
Bradley J. Yourist, Grapefruit’s CEO and co-founder, commented, “We’re very inspired by 6PAKS’ resolution to type an alliance with Grapefruit to take the preliminary steps towards acquiring Canadian regulatory approval to deliver Grapefruit’s patented time-release THC+CBD topical supply cream to all Canadians. 6PAK Options’ experience on this space is unequalled and assures Grapefruit will deliver a totally compliant hashish product to market in Canada. 6PAK can also be a subsidiary of ATG Pharma, Inc., a frontrunner in regulatory compliant filling and packaging for the hashish {industry} in Canada, so we’re in good fingers certainly. Our crew appears to be like ahead to working with Chris Shar and his crew within the coming weeks to realize our company objective of introducing Hourglass™ throughout your complete nation of Canada within the third quarter of 2021.”
“With our robust roots within the Canadian market and repair centered strategy, we’re proud to supply a platform for Hourglass to deliver new and revolutionary merchandise to the Canadian shopper,” commented Chris Shar, co-founder of 6PAK Options Inc.
“Grapefruit would additionally prefer to remove any potential confusion among the many investing public by emphasizing that the strategic alliance mentioned on this press launch is totally impartial of our beforehand introduced discussions regarding an acquisition transaction and or three way partnership with a separate and distinct Canadian accomplice. These discussions proceed to proceed individually from the 6PAK NNCP initiative,” commented Yourist.
To buy Grapefruit’s ground-breaking CBD supply aid cream (outdoors of Canada), please go to: https://hourglassonlinestore.com/
To study 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/
To study extra about Grapefruit, please go to InvestorBrandNetwork:
https://www.investorbrandnetwork.com/clients/grapefruit-usa-inc/
For investor info, 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 services are positioned within the industry-recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Enterprise Park in Desert Sizzling Springs, positioned on the extension of North Canyon Street, roughly 14 miles north of downtown Palm Springs. To acquire additional info on Grapefruit and its operations, please go to the Firm’s web site at https://grapefruitblvd.com/.
Secure Harbor Assertion
Grapefruit cautions that any assertion included on this press launch that’s not an outline of historic information is a forward-looking assertion. Many of those forward-looking statements include the phrases “anticipate,” “imagine,” “estimate,” “might,” “intend,” “count on” 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 numerous dangers and uncertainties inherent in Grapefruit’s enterprise, together with, with out limitation: the Firm might not ever receive extra funds essential to assist its enterprise improvement and progress plans; and the Firm might not ever obtain the market success to succeed in 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 lots of different elements. Extra detailed details about Grapefruit and the chance elements 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 Kind 10-Ok, its Quarterly Report on Kind 10-Q for the interval ended Sept. 30, 2020, and its Registration Assertion on Kind S-1/A. Such paperwork could also be learn freed from cost on the SEC’s web site at www.sec.gov. You’re cautioned to not place undue reliance on these forward-looking statements, which converse 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 replicate occasions or circumstances after the date hereof. This warning is made beneath the protected 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 Sizzling Springs, California 92240
(760) 205-1382
https://grapefruitblvd.com/
Please bear in mind that our social media accounts can be utilized now and again for added materials occasions. They are often discovered right here:
Grapefruit USA:
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Weedmaps: https://weedmaps.com/brands/grapefruit
Company Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Workplace
Editor@InvestorBrandNetwork.com
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