GPFT - InvestorNewsBreaks - Grapefruit USA Inc. (GPFT) Renews Cannabis Distributor License
Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, announced that its cannabis distributor license has been renewed through May 13, 2023, by the California Department of Cannabis Control. The company noted that the license renewal was in record time, being the fastest annual renewal for Grapefruit since its original distribution license was issued in January 2018. “It is gratifying to see that our Company’s strict 24/7/365 adherence to California’s cannabis laws and regulations has yielded a swift renewal of our distribution license, especially at a time when many cannabis licensees are encountering cannabis license renewal challenges,” said Grapefruit CEO and cofounder Bradley J. Yourist in the press release. “Grapefruit will continue to mandate strict California compliance standards. The swift renewal of our California distribution license is especially significant coming on the heels of Health Canada’s recent approval of Grapefruit’s NNCP for our patented Hourglass(TM) THC/CBD/cannabinoid topical cream, as the California renewal and Health Canada approval allow the company to offer its products in the combined 75-plus million person markets.”
To view the full press release, visit https://ibn.fm/cc2vq
About Grapefruit USA Inc.
Grapefruit's corporate headquarters is in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to both manufacture and distribute cannabis products in the Golden State. Grapefruit's extraction laboratory and manufacturing and distribution facilities are located in the industry-recognized Coachillin' Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, California. To find out more about the company, please visit https://GrapefruitBlvd.com.
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