Business
Grapefruit/IGNG Announces Completion of GBI Audit and Filing of Super 8-K
Grapefruit/IGNG Announces Completion of GBI Audit and Filing of Super 8-K.
About this update from Grapefruit Usa Inc.
[{"type":"text","content":"\n Los Angeles/Desert Hot Springs, CA, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Grapefruit Boulevard Investments, Inc. (“GBI”) a Los Angeles based California corporation and wholly owned subsidiary of Imaging3, Inc., a Delaware corporation (“IGNG”) (OTCQB: IGNG) (collectively “Grapefruit” or the “Company”) is announcing that on Friday November 29, 2019 the Company filed Amendment No. 1 to its current report on Form 8-K which was originally filed on July 16, 2019 which Amendment contains GBI’s audited balance sheets as of April 30, 2019 and 2018 and the related statements of operations, changes in stockholder’s (deficit) equity and cash flows for period August 28, 2017 (inception) to April 30, 2018, the year ended April 30, 2019 and the related notes to the financial statements. (collectively, the Financial Statements) and the Unaudited Pro Forma Combined Financial Information consisting of the unaudited combined balance sheet and statement of operations of GBI and IGNG (collectively, the Pro Forma Financial Statements). Such an Amendment to a current form on 8-K announcing a reorganization transaction is often referred to as a “Super 8-K”. The Financial Statements and the Pro Forma Financial Statements were prepared by GBI’s Independent Auditor, SingerLewak LLP. With respect to the completion of the GBI audit and the filing of the 8-K Amendment, Bradley J.Yourist, Grapefruit CEO, stated, “We are extremely grateful to SingerLewak and its team for their professionalism and dedication in conducting our initial audit which enabled us to file our Super 8-K. We also acknowledge the efforts of the entire Grapefruit family, without whose unwavering support this Company milestone could not have been achieved. Now that we have successfully completed the challenging task of preparing for and completing the audit of GBI, we will focus our corporate energy on our goal of building Grapefruit into a publically traded, fully compliant cannabis company holding both manufacturing and distribution licenses issued by California with cultivation, manufacturing, distribution and retail channels. With the GBI audit completed and the 8-K/A filed, we will immediately make the FINRA filings necessary to effect our name and ticker symbol changes, and file all necessary Amendments...