Grapefruit USA Inc. (GPFT) Provides Status Update On Joint Venture, Possible Acquisition

(MENAFN- Investor Brand Network)

• Earlier this year, Grapefruit was approached by a Canadian cannabis company about a potential acquisition.
  
• A series of events have delayed the process.
  
• Final decisions, details should be discussed in the next 30–60 days.
  

Grapefruit USA (OTCQB: GPFT) , a premiere, fully licensed, California-based cannabis company, is providing clarification regarding its previously announced potential Acquisition transaction by a Canadian cannabis company ( ).



Earlier this year, Grapefruit announced that it had been approached by a Canadian cannabis company to enter into discussions concerning a potential acquisition transaction ( ). At the time, Grapefruit CEO Bradley J. Yourist noted that“Grapefruit is not surprised to be approached concerning a potential acquisition, in light of the company's recent disclosure concerning its...

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NOTE TO INVESTORS: The latest news and updates relating to GPFT are available in the company's newsroom at

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