Wednesday, May 25, 2022
High Yields Cannabis/Marijuana/ Weed News
  • Home
  • Cannabis Stocks
  • Cannabis Strains
  • Cannabis Laws
    • Marijuana Laws in All 50 States
    • International Marijuana Laws 2021
  • Product Reviews
  • Growing
  • Write for Us
No Result
View All Result
  • Home
  • Cannabis Stocks
  • Cannabis Strains
  • Cannabis Laws
    • Marijuana Laws in All 50 States
    • International Marijuana Laws 2021
  • Product Reviews
  • Growing
  • Write for Us
No Result
View All Result
High Yields
No Result
View All Result
Home Cannabis Stock Quotes & News

Grapefruit Clarifies Potential Ramifications of Senate

Jeremy Vedder by Jeremy Vedder
July 19, 2021
in Cannabis Stock Quotes & News
0
Grapefruit Clarifies Potential Ramifications of Senate

LOS ANGELES and DESERT HOT SPRINGS, Calif., July 19, 2021 (GLOBE NEWSWIRE) — via InvestorWire – Grapefruit USA, Inc., (“GPFT,” “Grapefruit” or the “Company”) (OTCQB: GPFT), a California based cannabis company, today sets forth its position on the potential enactment of The Cannabis Administration and Opportunity Act (the “ACT”), a discussion draft of which was publicly released by Sen. Chuck Schumer (D-NY), Sen. Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ) on July 14, 2021. The ACT, as presented in the discussion draft, will effectively legalize cannabis use at the federal level by removing cannabis from the federal list of controlled substances. It would also empower states to implement their own adult (21 and over) recreational cannabis laws as has already been done in 18 states including California, where Grapefruit is based and currently operating, as well as the District of Columbia, the northern Marianas Islands and Guam. In addition, 37 states, Washington, D.C., Puerto Rico, Guam and the U.S. Virgin Islands have advanced laws which have legalized medically prescribed cannabis for use in their jurisdictions. According to the official summary of the discussion draft of the ACT, more than 90% of Americans believe cannabis should be legal for adult and/or medical use.

With respect to the release of the discussion draft of the ACT, Bradley J. Yourist, Grapefruit co-founder and CEO, stated, “Grapefruit enthusiastically supports the efforts of senators Schumer, Wyden and Booker to jumpstart the long-awaited removal of cannabis from the federal list of controlled substances. Passage of the ACT will accelerate our ability to offer Grapefruit’s patented, disruptive Hourglass™ time-release THC+cannabinoid delivery cream to all Americans whose states or territories of residence have legalized cannabis at the state or territorial level, thereby affording them the ability to enjoy the benefits of the Hourglass full-spectrum entourage experience. Once the ACT, as described in the discussion draft becomes law, Grapefruit customers throughout the country will be able to purchase either non-THC hemp derived Hourglass™ time-release CBD delivery cream or THC+cannabinoid Hourglass™ time release full-spectrum delivery or any combination thereof as they desire. Furthermore, these superior, breakthrough Grapefruit Hourglass™ products are only available from Grapefruit or its authorized intermediaries. We believe passage of the ACT, as presented in the discussion draft, will be profoundly beneficial to Grapefruit and its shareholders, as well as to the American public.”

READ ALSO

Akerna Announces Results of Annual Meeting of Stockholders

Verano Celebrates Opening of Largest Zen Leaf Dispensary in

To learn more about Grapefruit, please visit InvestorBrandNetwork:
https://www.investorbrandnetwork.com/clients/grapefruit-usa-inc/

To purchase Grapefruit’s ground-breaking CBD delivery cream, please visit:
https://hourglassonlinestore.com/

To learn more about Grapefruit’s new sustained-release Hourglass™ THC + Cannabinoid Topical Delivery Cream, please watch this promotional video https://www.youtube.com/watch?v=6cU9MJMgH1w&feature=youtu.be and visit our website at:
https://grapefruitblvd.com/hourglass/

For investor information, please visit our website at:
https://grapefruitblvd.com/investor-relations/

About Grapefruit

Grapefruit’s corporate headquarters is in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to both manufacture and distribute cannabis products in the Golden State. Grapefruit’s extraction laboratory and manufacturing 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 Road, approximately 14 miles north of downtown Palm Springs. To obtain further information on Grapefruit and its operations, please visit the Company’s website at https://grapefruitblvd.com/.

Safe Harbor Statement

Grapefruit cautions that any statement included in this press release that is not a description of historical facts is a forward-looking statement. Many of these forward-looking statements contain the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties inherent in Grapefruit’s business, including, without limitation: the Company may not ever obtain additional funds necessary to support its business development and growth plans; and the Company may not ever achieve the market success to reach or sustain a profitable business. In addition, there are risks and uncertainties related to economic recession or terrorist actions, competition from much larger cannabis companies, unexpected costs and delays, potential product liability claims, and many other factors. More detailed information about Grapefruit and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K, its Quarterly Report on Form 10-Q for the period ended March 31, 2021, and its Registration Statement on Form S-1/A. Such documents may be read free of charge on the SEC’s website at www.sec.gov. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and Grapefruit undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. This caution is made under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995.

Investor Relations Contact:
Bradley Yourist
ir@grapefruitblvd.com
18776 Blue Dream Crossing, Unit LL1 53-07
Desert Hot Springs, California 92240
(760) 205-1382
https://grapefruitblvd.com/

Please be aware that our social media accounts can be used from time to time for additional material events. They can be found here:

Grapefruit USA:
Facebook: 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

Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com



https://www.globenewswire.com/news-release/2021/07/19/2264638/0/en/Grapefruit-Clarifies-Potential-Ramifications-of-Senate-Majority-Leader-Schumer-s-Push-to-Federally-Legalize-Cannabis.html

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0

Related Posts

Allied Corp. Initiates Additional Shipment of 200kgs of CBD
Cannabis Stock Quotes & News

Akerna Announces Results of Annual Meeting of Stockholders

May 25, 2022
OG Kush: The Legendary Cannabis Strain Of All Time Reviews
Cannabis Stock Quotes & News

Verano Celebrates Opening of Largest Zen Leaf Dispensary in

May 25, 2022
Eaze launches first dispensaries in San Diego and Santa Ana
Cannabis Stock Quotes & News

MJ Unpacked announces Las Vegas show this fall and partnership with Clio Cannabis Awards

May 25, 2022
Allied Corp. Initiates Additional Shipment of 200kgs of CBD
Cannabis Stock Quotes & News

Ayr Wellness Closes Acquisition of Herbal Remedies

May 25, 2022
New survey says this is the #1 reason people are still buying black market cannabis
Cannabis Stock Quotes & News

New survey says this is the #1 reason people are still buying black market cannabis

May 25, 2022
California state agency weighs changes to pre-employment drug test appeal policy
Cannabis Stock Quotes & News

Original Balboa Caregivers sues business partner over lost license

May 25, 2022
Next Post
Agrify Announces Launch of Innovative, Project-Based

Agrify Announces Launch of Innovative, Project-Based

  • Trending
  • Comments
  • Latest
Monthly Spotlight: The Best of Plain Jane CBD

Monthly Spotlight: The Best of Plain Jane CBD

April 8, 2022
The Ultimate Dr. Dabber Stella Vaporizer Review for 2022

The Ultimate Dr. Dabber Stella Vaporizer Review for 2022

April 19, 2022
volcano hybrid review 2022

The 2022 Volcano Hybrid Vaporizer Review: All You Need To Know

May 23, 2022
The Utillian 5 v3 Wax Pen Review for 2022

The Utillian 5 v3 Wax Pen Review for 2022

March 27, 2022

The 7 Best Smell-Proof Weed Bags To Keep Your Bud Stash Safe

April 27, 2022
The Best Synthetic Urine Kit to Pass Your Drug Test in 2022

The Best Synthetic Urine Kit to Pass Your Drug Test in 2022

May 23, 2022
The 10 Best Smell Proof Backpacks for Weed in 2022

The 10 Best Smell Proof Backpacks for Weed in 2022

May 5, 2022
Allied Corp. Initiates Additional Shipment of 200kgs of CBD

Akerna Announces Results of Annual Meeting of Stockholders

May 25, 2022
Former NFL Running Back Marshawn Lynch Launches Premium Blunt Brand

Former NFL Running Back Marshawn Lynch Launches Premium Blunt Brand

0
Major Marijuana Coalition Forms To Coordinate Legalization Push, But Some Key Advocacy Players Aren’t Involved

Major Marijuana Coalition Forms To Coordinate Legalization Push

0
MMJRecs - cannabis leaf

How Medical Marijuana Can Help Treat Sleep Disorders

0
Colorado Cannabis Sales Exceed $2 Billion in 2020

Colorado Cannabis Sales Exceed $2 Billion in 2020

0
Allied Corp. Initiates Additional Shipment of 200kgs of CBD

Akerna Announces Results of Annual Meeting of Stockholders

May 25, 2022
OG Kush: The Legendary Cannabis Strain Of All Time Reviews

Verano Celebrates Opening of Largest Zen Leaf Dispensary in

May 25, 2022
Delta 8 Gummies – Complete Guide

Delta 8 Gummies – Complete Guide

May 25, 2022
Could 2021 Be the Year of Federal Cannabis Legalization?

Ayr Wellness Closes Acquisition of Herbal Remedies Dispensaries, LLC

May 25, 2022

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • March 2020

Categories

  • 1933 Industries
  • 4front Ventures
  • Acreage Holdings
  • Ascend Wellness
  • Ayr Wellness
  • Body & Mind
  • C21 Investments
  • Cannabis Stock Quotes & News
  • Cansortium Inc
  • Captor Capital
  • Ceres Acquisition Corp
  • Chalice Brands
  • Columbia Care
  • Cresco Labs
  • CuraLeaf
  • Gage Growth
  • Glass House Brands
  • Green Thumb Industries
  • Grown Rogue International
  • Harborside
  • Item 9 Labs
  • Jushi Holdings
  • Lowell Farms
  • MariMed
  • MedMen Enterprises
  • News
  • Next Green Wave
  • Planet 13
  • Plus Products
  • Product Reviews
  • Red White & Bloom
  • SLANG Worldwide
  • Sol Global Investments
  • TerrAscend
  • TILT Holdings
  • Trulieve
  • Verano Holdings
  • Vext Sciences
  • Vibe Growth

Recent Posts

  • Akerna Announces Results of Annual Meeting of Stockholders
  • Verano Celebrates Opening of Largest Zen Leaf Dispensary in
  • Delta 8 Gummies – Complete Guide
  • Ayr Wellness Closes Acquisition of Herbal Remedies Dispensaries, LLC

QR Code

Grapefruit Clarifies Potential Ramifications of Senate
No Result
View All Result
  • Homepages
    • Home Page 1
  • News

© 2021 High Yields