Grapefruit USA Inc. (GPFT) Provides Status Update on Joint Venture, Possible Acquisition
Earlier this year, Grapefruit was approached by a Canadian cannabis company about a potential acquisition. A series of events have delayed the process. Final decisions, details should be discussed in the next 30–60 days. Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed, California-based cannabis company, is providing clarification regarding its previously announced potential acquisition transaction by a Canadian cannabis company (https://ibn.fm/g8yCF). Earlier this year, Grapefruit announced that it had been approached by a Canadian cannabis company to enter into discussions concerning a potential acquisition transaction (https://ibn.fm/FitM6). At the time, Grapefruit CEO Bradley J. Yourist noted that "Grapefruit is not surprised…