QualityStocksNewsBreaks – Grapefruit USA Inc. (GPFT) Provides Update on MOU with Canadian Cannabis Company, Potential JV
Grapefruit USA (OTCQB:GPFT), a premiere, fully licensed California-based cannabis company, is providing an update regarding the announcement of a potential acquisition transaction. The company earlier announced that a Canadian cannabis company had shown interest in entering discussions involving an acquisition transaction; those discussions led to the two companies signing a memorandum of understanding (“MOU”) in February. The MOU outlines terms under which the parties could enter into a joint venture (“JV”) that would call for the joint manufacture, distribution and marketing in Canada of Grapefruit’s products, including but not limited to Grapefruit’s flagship Hourglass(TM) THC/cannabinoid time-release delivery cream. “As we…
