LOS ANGELES and DESERT HOT SPRINGS, Calif., Jan. 20, 2022 (GLOBE NEWSWIRE) — through InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Firm”), an revolutionary California-based cannabiotech firm, is happy to announce that its licensed distribution companion Medz Hashish has filed a Discover of New Hashish Product (“NNCP”) with Well being Canada on Grapefruit’s behalf. Approval of the NNCP by Well being Canada will allow Grapefruit to promote its patented Hourglass™ Time Launch THC+CBD-Infused Topical Supply Cream to licensed stores all through Canada.
Well being Canada is the Canadian federal authorities division that’s answerable for nationwide well being coverage. It approves and oversees the manufacturing of all hashish merchandise and is the licensing authority for all firms concerned within the hashish {industry}. Well being Canada requires that every one hashish merchandise meet federal regulatory necessities earlier than they are often bought in Canada. Underneath Canada’s Federal Hashish Regulatory scheme, Well being Canada have to be notified of an organization’s intent to promote a hashish product that has not beforehand been bought within the nation. Approval of the NNCP is a compulsory prerequisite to the launch of Grapefruit’s Hourglass technology-based merchandise in Canada. Accordingly, Grapefruit’s NNCP has been submitted to Well being Canada in anticipation of its approval and Grapefruit’s subsequent gross sales launch of Hourglass technology-based THC and CBD merchandise in Canada in 2022.
Grapefruit believes its Hourglass™ THC/CBD supply cream system is a really disruptive expertise that has essentially modified the best way people safely ingest THC, CBD and different cannabinoids to take pleasure in their distinctive holistic advantages with out the hazards of smoking and oral ingestion. A easy software of Grapefruit’s Hourglass™ THC/CBD/cannabinoid cream is all that’s wanted for Hourglass customers to acquire the full-body entourage results and associated advantages of THC, CBD and a wide selection of different helpful cannabinoids. The disruptive Hourglass supply system permits people, for the primary time, to successfully use quite a lot of hashish merchandise in a wholesome trend. Merely put, Hourglass works with out the related well being dangers from smoking or orally ingesting THC and CBD.
Bradley J. Yourist, Grapefruit’s CEO and co-founder, commented, “We’re happy to launch our Canadian Hourglass initiative. We’re assured that Canadians who want to benefit from the holistic advantages of THC/CBD and different cannabinoids with out smoking or consuming them will embrace Hourglass THC/CBD/cannabinoid cream.”
For extra details about Hourglass Canada, please go to: https://grapefruitblvd.com/hourglass-canadian-launch/
To buy Grapefruit’s groundbreaking CBD supply reduction cream outdoors of Canada, 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 info, please go to our web site at:
https://grapefruitblvd.com/investor-relations/
Comply with us on Fb, Instagram, LinkedIn and Twitter:
Facebook | Instagram | LinkedIn | Twitter
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 Scorching Springs, positioned on the extension of North Canyon Highway, 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/.
Protected 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 comprise the phrases “anticipate,” “imagine,” “estimate,” “could,” “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 various dangers and uncertainties inherent in Grapefruit’s enterprise, together with, with out limitation: the Firm could not ever receive further funds essential to assist its enterprise growth and development plans; and the Firm could 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 firms, sudden prices and delays, potential product legal responsibility claims and lots of different components. Extra detailed details about Grapefruit and the chance components that 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 Sept. 30, 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. Readers are 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 replicate occasions or circumstances after the date hereof. This warning is made beneath the protected harbor provisions of Part 21E of the Personal Securities Litigation Reform Act of 1995.
Investor Relations Contact:
Bradley Yourist
[email protected]
18776 Blue Dream Crossing, Unit LL1 53-07
Desert Scorching Springs, California 92240
(760) 205-1382
https://grapefruitblvd.com/
Please remember that our social media accounts can be utilized occasionally for extra materials occasions. They are often discovered right here:
Grapefruit USA:
Fb: https://www.facebook.com/Grapefruit-Boulevard-2304698596251925/
Instagram: https://www.instagram.com/grapefruit_usa/
Twitter: https://twitter.com/grapefruitusa
LinkedIn: https://www.linkedin.com/company/grapefruit-boulevard/
Weedmaps: https://weedmaps.com/brands/grapefruit
Company Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Workplace
[email protected]
