Business
Grapefruit USA, Inc. Announces that it has Sold-Out Its Third-Harvest of AAA Premium Quality Indoor Cannabis Flowers
Grapefruit USA, Inc. Announces that it has Sold-Out Its Third-Harvest of AAA Premium Quality Indoor Cannabis Flowers.
About this update from Grapefruit Usa Inc.
[{"type":"text","content":"LOS ANGELES and DESERT HOT SPRINGS, CA / ACCESSWIRE / July 20, 2020 / Grapefruit USA, Inc., (OTCQB:GPFT) ("Grapefruit" or the "Company"), a California based cannabis company, is announcing the sell-out of the third harvest of Grapefruit's AAA premium-quality indoor cannabis flowers matching the success of its first and second harvests last quarter. Grapefruit's cultivator utilizes a state-of-the-art atmosphere controlled, indoor Canopy grow system and an expert cultivation team to produce Grapefruit's premium grade Cannabis flowers.Grapefruit's third harvest included cannabis flower strains such as 'Runtz', 'Gelato 33' and ‘Fire OG,' each of which is highly sought-after in the Southern California market. In addition, Grapefruit's cultivation contract grants Grapefruit the right to purchase the "sugar trim" resulting from the hand trimming process of the harvested flowers which have many uses such a cannabis extracts and pre-rolls.With respect to Grapefruit's sell-out of its third harvest of AAA indoor cannabis flowers, Bradley J. Yourist, Grapefruit CEO, stated, "Grapefruit's cultivation program has yielded a third consecutive sellout harvest. We believe that the consistent excellent result of our contract cultivation program demonstrates the fundamental soundness of Grapefruit's approach to cultivation which we believe will result in steady revenue growth from our distribution program. We are rapidly building a reputation in the California cannabis market as the go to distributor of high quality AAA indoor cannabis flower at competitive prices. We are also currently witnessing increased demand for high grade indoor grown cannabis flowers and a resultant increase in wholesale and retail prices.As a result of these trends, Grapefruit is now exploring the possibility of expanding its revenue stream by acquiring or leasing additional ‘turnkey' indoor cultivation facilities in Southern and Northern California due to the growing demand for premium indoor AAA cannabis flowers."To learn more about Grapefruit, please visit our website at:https://grapefruitblvd.com/investor-relations/Follow us on Facebook, Instagram, LinkedIn and TwitterFacebook | Instagram | LinkedIn | TwitterAbout GRAPEFRUITGrapefruit's corporate headquarters...