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LOS ANGELES and DESERT HOT SPRINGS, Calif., Nov. 18, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere California-based cannabis and hemp company, is allegorical the contempo auction of banal by aggregation executives. The Company’s admiral do not booty a salary. Several years ago, they adopted to be compensated with the Company’s accepted stock. The admiral favor disinterestedness advantage because it is the ultimate allurement to ensure that their interests are absolutely accumbent with the interests of aggregation shareholders – the success of Grapefruit. This anatomy of advantage is additionally a advised administration action to bottle aggregation banknote breeze to ensure that it is invested in those projects that are adherent to growing the Company. The auction of all banal takes abode beneath a dark assurance acceding pursuant to the accoutrement of SEC Rule 10b5-1 (“10b5 Sales Plan”). Beneath a 10b5 Sales Plan, admiral accept no ascendancy over the capacity of any banal transaction. All sales are accomplished by accomplished able banal traders who accept been instructed to assassinate trades in a address which will abbreviate amount volatility. 10b5 Sales Plans are a accepted authoritative action acclimated by accumulated executives, such as Elon Musk, Bill Gates, etc., to advertise about traded accepted stock. The 10b5 Sales Plan ensures that all sales of aggregation banal are not based on, or contrarily because of, actual nonpublic or “inside” information. The aggregation again discloses the banal transaction to the public, affording abounding and complete transparency. Aggregation admiral are absolutely invested in the abiding success of Grapefruit and for its loyal actor base.

To acquirement Grapefruit’s groundbreaking CBD commitment abatement chrism (outside of Canada), amuse visit: https://hourglassonlinestore.com/.

To apprentice added about Grapefruit’s new sustained-release Hourglass™ THC Cannabinoid Topical Commitment Cream, amuse watch this promotional video https://www.youtube.com/watch?v=6cU9MJMgH1w&feature=youtu.be and appointment our website at: https://grapefruitblvd.com/hourglass/

To apprentice added about Grapefruit, amuse appointment InvestorBrandNetwork: https://www.investorbrandnetwork.com/clients/grapefruit-usa-inc/

For broker information, amuse appointment our website at: https://grapefruitblvd.com/investor-relations/

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About Grapefruit

Grapefruit’s accumulated address is in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to both accomplish and administer cannabis articles in the Golden State. Grapefruit’s abstraction class and accomplishment and administration accessories are amid in the industry-recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, amid on the addendum of Arctic Canyon Road, about 14 afar arctic of city Palm Springs. To access added advice on Grapefruit and its operations, amuse appointment the Company’s website at https://grapefruitblvd.com/.

Safe Anchorage Statement

Grapefruit cautions that any account included in this columnist absolution that is not a description of actual facts is a advanced statement. Abounding of these advanced statements accommodate the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and agnate expressions. Actual results, achievement or achievements could alter materially from those contemplated, bidding or adumbrated by the advanced statements independent herein. These advanced statements are based abundantly on the expectations of the Aggregation and are accountable to a cardinal of risks and uncertainties inherent in Grapefruit’s business, including, afterwards limitation: the Aggregation may not anytime access added funds all-important to abutment its business development and advance plans; and the Aggregation may not anytime accomplish the bazaar success to ability or sustain a assisting business. In addition, there are risks and uncertainties accompanying to bread-and-butter recession or agitator actions, antagonism from abundant beyond cannabis companies, abrupt costs and delays, abeyant artefact accountability claims, and abounding added factors. Added abundant advice about Grapefruit and the accident factors that may affect the ability of advanced statements is set alternating in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Anatomy 10-K, its Quarterly Report on Anatomy 10-Q for the aeon concluded Sept. 30, 2020, and its Registration Account on Anatomy S-1/A. Such abstracts may be apprehend chargeless of allegation on the SEC’s website at www.sec.gov. You are cautioned not to abode disproportionate assurance on these advanced statements, which allege alone as of the date hereof. All advanced statements are able in their absoluteness by this cautionary statement, and Grapefruit undertakes no obligation to alter or amend this columnist absolution to reflect contest or affairs afterwards the date hereof. This attention is fabricated beneath the safe anchorage accoutrement 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 acquainted that our amusing media accounts can be acclimated from time to time for added actual events. They can be begin 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

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Sale Of Business Contract Template Free

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