LOS ANGELES and DESERT HOT SPRINGS, Calif., May 18, 2021 (GLOBE NEWSWIRE) — by way of InvestorWire – Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a diversified California-based cannabis and hemp firm, at present proclaims it has commenced accepting cryptocurrency as cost at its lately launched e-commerce retailer: www.hourglassonlinestore.com
Grapefruit’s prospects preferring to make use of Bitcoin, Ether, Bitcoin Cash, Litecoin, Dogecoin or Monero will now have the ability to “convert” their crypto of selection at checkout to make purchases on the Company’s new e-commerce retailer.
With respect to the Company’s novel acceptance of cryptocurrencies, Bradley J. Yourist, GPFT CEO, commented, “Grapefruit’s THC-free hemp-derived CBD Hourglass technology-driven merchandise, similar to cryptocurrencies and the blockchain, are the long run, and Grapefruit’s acceptance of crypto as cost demonstrates GPFT’s outreach to the explosively rising demographic of crypto early adopters and different ‘youthful’ patrons who additionally search the holistic advantages of Grapefruit’s THC-free, hemp-derived Hourglass time-release CBD merchandise. Everyone, younger and previous, experiences sore muscle tissue from understanding and different aches and pains, and our THC-free hemp-derived CBD Hourglass-powered merchandise can present an answer for all demographics – whether or not they select to pay by American Express Platinum or Dogecoin on our correct and safe cost platform. We envision the times after Sen. Schumer succeeds in his efforts to decriminalize THC and prospects from the 50 states and all through the world will have the ability to use crypto to pay for purchases of our full-spectrum THC Hourglass time-release technology-powered merchandise via our e-commerce platform.”
Grapefruit is dedicated to promoting solely the highest-quality, plant-based, independently examined and dependable cannabis and hemp merchandise and can make no claims until clinically validated. All of Grapefruit’s THC-free hemp-derived CBD-based merchandise to be marketed and bought on the brand new e-commerce web site shall be totally examined and embrace a QR coded certificates of study, which is able to present customers with a whole listing of third-party-verified elements certifying every product’s cannabinoid content material, purity and security. The Company doesn’t suggest investing in cryptocurrencies with out doing your individual due diligence and acquiring the recommendation of an funding advisor or different counsel.
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To study extra 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 go to our web site at
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Grapefruit’s company headquarters is in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to each manufacture and distribute cannabis merchandise within the Golden State. Grapefruit’s extraction laboratory and manufacturing and distribution services are situated within the industry-recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, situated on the extension of North Canyon Road, roughly 14 miles north of downtown Palm Springs. To receive additional info on Grapefruit and its operations, please go to the Company’s web site at https://grapefruitblvd.com/ .
Safe Harbor Statement
Grapefruit cautions that any assertion included on this press launch that isn’t an outline of historic information is a forward-looking assertion. Many of those forward-looking statements include the phrases “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and related expressions. Actual outcomes, efficiency or achievements may differ materially from these contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are primarily based largely on the expectations of the Company and are topic to plenty of dangers and uncertainties inherent in Grapefruit’s enterprise, together with, with out limitation: the Company might not ever receive extra funds essential to assist its enterprise improvement and progress plans; and the Company might not ever obtain the market success to achieve or maintain a worthwhile enterprise. In addition, there are dangers and uncertainties associated to financial recession or terrorist actions, competitors from a lot bigger cannabis firms, sudden prices and delays, potential product legal responsibility claims, and plenty of different components. More detailed details about Grapefruit and the chance components which will have an effect on the belief of forward-looking statements is ready forth within the Company’s filings with the Securities and Exchange Commission, together with the Company’s Annual Report on Form 10-Okay, its Quarterly Report on Form 10-Okay for the interval ended Dec. 31, 2020, and its Registration Statement on Form S-1/A. Such paperwork could also be learn freed from cost on the SEC’s web site at www.sec.gov . Readers are cautioned to not place undue reliance on these forward-looking statements, which communicate solely as of the date hereof. All forward-looking statements are certified of their entirety by this cautionary assertion, and Grapefruit undertakes no obligation to revise or replace this press launch to mirror occasions or circumstances after the date hereof. This warning is made below the protected harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995.
*The statements made relating to these merchandise haven’t been evaluated by the Food and Drug Administration. The efficacy of those merchandise has not been confirmed by FDA-approved analysis. These merchandise will not be meant to diagnose, deal with, remedy or stop any illness. All info introduced right here just isn’t meant as an alternative to or various to info from healthcare practitioners. Please seek the advice of your healthcare skilled about potential interactions or different attainable issues earlier than utilizing any product. The Federal Food, Drug, and Cosmetic Act requires this discover.
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