LOS ANGELES and DESERT HOT SPRINGS, Calif., May 18, 2021 (GLOBE NEWSWIRE) — through InvestorWire – Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a diversified California-based cannabis and hemp firm, right now proclaims it has commenced accepting cryptocurrency as fee at its not too long ago launched e-commerce retailer: www.hourglassonlinestore.com
Grapefruit’s clients preferring to make use of Bitcoin, Ether, Bitcoin Cash, Litecoin, Dogecoin or Monero will now be capable 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 products, just like cryptocurrencies and the blockchain, are the future, and Grapefruit’s acceptance of crypto as payment demonstrates GPFT’s outreach to the explosively growing demographic of crypto early adopters and other ‘younger’ buyers who also seek the holistic benefits of Grapefruit’s THC-free, hemp-derived Hourglass time-release CBD products. Everyone, young and old, experiences sore muscles from working out and other aches and pains, and our THC-free hemp-derived CBD Hourglass-powered products can provide a solution for all demographics – whether they choose to pay by American Express Platinum or Dogecoin on our accurate and secure payment platform. We envision the days after Sen. Schumer succeeds in his efforts to decriminalize THC and customers from the 50 states and throughout the world will be able to use crypto to pay for purchases of our full-spectrum THC Hourglass time-release technology-powered products through 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 offered on the brand new e-commerce web site might be totally examined and embody a QR coded certificates of research, which is able to present shoppers with an entire listing of third-party-verified components certifying every product’s cannabinoid content material, purity and security. The Company doesn’t advocate investing in cryptocurrencies with out doing your personal due diligence and acquiring the recommendation of an funding advisor or different counsel.
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To be taught 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 get hold of 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 details 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 various dangers and uncertainties inherent in Grapefruit’s enterprise, together with, with out limitation: the Company could not ever get hold of further funds essential to help its enterprise growth and development plans; and the Company could not ever obtain the market success to succeed in 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 corporations, surprising prices and delays, potential product legal responsibility claims, and plenty of different elements. More detailed details about Grapefruit and the danger elements which will have an effect on the conclusion of forward-looking statements is about 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 converse 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 replicate occasions or circumstances after the date hereof. This warning is made underneath the secure harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995.
*The statements made concerning 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 should not meant to diagnose, deal with, treatment or forestall any illness. All info introduced right here is just not meant as an alternative choice to or different to info from healthcare practitioners. Please seek the advice of your healthcare skilled about potential interactions or different doable problems earlier than utilizing any product. The Federal Food, Drug, and Cosmetic Act requires this discover.
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