Grapefruit Boulevard Investments, a Los Angeles based California corporation and wholly owned subsidiary of Imaging3, Inc. (OTCQB: IGNG), (collectively “Grapefruit”), this morning announced that the company entered into a weekly purchase agreement on Friday, December 6, 2019. Per the agreement, IGNG will supply “fresh-frozen” cannabis flowers to a sizeable, Oakland, California-based cannabis extractor and manufacturer. Grapefruit CEO Bradley J. Yourist also commented on the company’s recent completion of its audit and “Super” 8K. “The sale of ‘fresh frozen’ cannabis flowers to multiple manufacturers is just one of the many revenue streams that Grapefruit is developing, including, but not limited to, the wholesale distribution of dried and cured cannabis flowers, cannabis trim, cannabis distillate & crude oil produced at our state of the art Coachillin extraction plant, cannabis creams and cannabis infused edibles. Furthermore, as stated in previous communications to our shareholders, Grapefruit continues to move vigorously ahead with the testing and manufacturing of our patented THC ‘patchless patch’ topical cream which is able to deliver a defined dose of THC to our customers through the skin over an extended period of time. Our ability to exploit multiple revenue streams affords us a strategic advantage over competitors because it allows us to quickly adapt to ever evolving industry trends and to serve multiple customers with differing needs across the cannabis spectrum,” Grapefruit CEO Bradley J. Yourist stated in the news release. “Finally, with respect to the completion of the Grapefruit audit and the filing of our ‘Super’ 8K, Grapefruit is now one of just two revenue producing, audited, fully reporting, multiple licensed California cannabis companies listed on the OTCQB which provides us with a solid foundation from which to expand our operations and revenues through strategic acquisitions of other cash flowing cannabis companies in the State of California, throughout the United States and globally. As a result of our efforts to date, Grapefruit is poised to deliver tremendous value to our shareholders.”
To view the full press release, visit http://cnw.fm/bY2Ue
Grapefruit is a wholly-owned subsidiary of Imaging3, Inc. Grapefruit’s corporate headquarters is in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to both manufacture and distribute cannabis products. Grapefruit’s extraction laboratory and distribution facilities are located in the industry recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, located on the extension of North Canyon Rd., approximately 14 miles north of downtown Palm Springs. Grapefruit obtained its California cannabis licenses in January 2018 and commenced distribution of cannabis products thereafter. Grapefruit’s vision is to become a seed to sale, fully vertically integrated ethical and compliant cannabis product Company. To obtain further information on Grapefruit and its operations, please visit its website at www.Grapefruitblvd.com. To learn more about Grapefruit’s Sugar Stoned branded line of cannabis and CBD infused edibles, please visit www.SugarStoned.com.
NOTE TO INVESTORS: The latest news and updates relating to IGNG are available in the company’s newsroom at http://cnw.fm/IGNG
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.CannabisNewsWire.com
Do you have a questions or are you interested in working with CNW? Ask our Editor
CannabisNewsWire is part of the InvestorBrandNetwork.