Business
Grapefruit USA, Inc. CEO Elected to Coachillin’ Canna-Business Park Board of Directors
Grapefruit USA, Inc. CEO Elected to Coachillin’ Canna-Business Park Board of Directors.
About this update from Grapefruit Usa Inc.
[{"type":"text","content":"\n LOS ANGELES and DESERT HOT SPRINGS, Calif., Feb. 23, 2022 (GLOBE NEWSWIRE) -- via InvestorWire – Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company, today announces that its Chief Executive Officer Bradley J. Yourist has been elected to the Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park’s Property Owners Association Board of Directors (the “Board”) for a one-year term, effective immediately. The 160-acre Coachillin' Canna-Business Park (the “Park”), located in Desert Hot Springs, California, 14 miles north of downtown Palm Springs, is the first and largest cooperative canna-business compound of its kind. It is unique in that the landowners each own a proportionate interest in a collaborative owner's association, which allows them to share much of the park overhead such as clean cultivation water, park security and access to agricultural power rates and, thereby, develop relatively low-cost economies of scale, which affords members a competitive advantage over independent cannabis operations.  The Board directs management of the Property Owners Association (“POA”) to focus on maximizing the Park’s value in the common interest of all the Park’s owners and operators. Bradley J. Yourist, Grapefruit’s CEO and co-founder, commented, “It is an honor for me to have been elected to a one-year term as a member of the Board. As a Board member, I will acquire a unique perspective on the rapidly evolving California cannabis industry and the progress of the Coachillin’ Canna-Business Park. I intend to refer innovative new cannabis industry participants to the Park over the next year. Of course, the Board seat will afford me the opportunity to advance Grapefruit’s initiative to build out our Coachillin’ ‘Mothership’ as quickly as possible.” For additional information about Hourglass Canada, please visit: https://grapefruitblvd.com/hourglass-canadian-launch/ To purchase Grapefruit’s groundbreaking CBD relief cream outside of Canada, please visit: https://hourglassonlinestore.com/ To learn more about Grapefruit’s new sustained-release Hourglass™ THC+Cannabinoid Topical Cream, plea...