- Grapefruit
is a premier manufacturer and distributor in California’s legal cannabis
marketplace
- The
company completed a reverse acquisition of Imaging3
- Grapefruit
recently launched a new product line, Sugar Stoned
Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) is a
premier cannabis manufacturer and distributor in the California legal cannabis
marketplace with its own branded product lines. It offers professional
assistance to other cannabis companies in branding, compliant packaging,
extraction services, edible manufacturing services and distribution logistics.
The company created a fully compliant strategy to bring unlicensed brands into
the legal marketplace. Grapefruit is a seed-to-sale, vertically integrated
company sourcing active ingredients and creating branding, packaging and
manufacturing. The company provides wholesale and licensed cannabis
distribution to ensure that the brands it works with get into dispensaries.
In January 2018, Grapefruit acquired its California cannabis
licenses and subsequently began distribution of cannabis products. Grapefruit’s
cannabis- and CBD-extraction laboratory and distribution facilities are located
in the industry-recognized Coachillin’ Industrial Cultivation and Ancillary
Canna-Business Park in Desert Hot Springs, California.
‘IGNG’ was originally the public trading ticker for
Imaging3, a diagnostics technology company that is now continuing services as a
private company. In June, Grapefruit announced that, upon approval of IGNG’s
board of directors, it successfully completed the reverse acquisition of
Imaging3 (http://ibn.fm/BDJkQ).
In a news release, former Imaging3 CEO John Hollister commented,
“Grapefruit is poised for a great future.” Hollister went on to say that, given
the potential of the expanding cannabis market and the company’s strong
cannabis-market potential, shareholders are now in a position to see a larger
value appreciation with lower risk.
Grapefruit has big plans for the future that include the
expansion of current extraction laboratory operations to increase efficiencies
and output, as well as the expansion of distribution services throughout
California and pursuit of additional cannabis licenses for permitted cannabis
manufacturing and cultivation. “In this quarter alone, Grapefruit will be
launching its new line of unique infused cannabis edible and CBD products,”
added Grapefruit CEO Bradley J. Yourist.
In addition, on June 21, 2019, the company announced that it
will start retail sales of its first brand of cannabis-infused edible gummies
in California under the trade name ‘Sugar Stoned’ (http://ibn.fm/rerYF).
Grapefruit’s corporate vision is to become a seed-to-sale, fully vertically
integrated ethical and compliant cannabis and CBD (cannabidiol) product
company. The new Sugar Stoned signature gummies are available in eight flavors:
blue raspberry, cherry, grape, peach, pineapple, sour apple, strawberry and
watermelon. These flavors were chosen following consultation with cannabis
retailers across California.
Sugar Stoned consumers know that they are receiving the
highest quality product. All of Sugar Stoned’s infused gummies are tested and
certified by a third-party lab to be pesticide and heavy-metal free. In Q3
2019, Grapefruit is preparing to introduce several unique infused offerings, as
well as launching a new line of THC- and CBD-vaporizer cartridges.
For more information, visit the company’s website at www.GrapefruitBlvd.com
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www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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