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Grapefruit USA, Inc. (“Grapefruit”) is a Delaware corporation whose shares trade under the symbol “GPFT”. Grapefruit is a “Reporting Company”. Grapefruit holds licenses issued by the State of California in January 2018 to both manufacture and distribute cannabis products. Grapefruit’s corporate headquarters is in Los Angeles, California. Grapefruit owns and operates a California licensed cannabis extraction laboratory and distribution facility in the Coachillin’ Canna-Business Park, near Palm Springs, California. The Company’s extraction lab produces high quality, cannabis-derived THC distillates commonly known as “honey oil” and “crude oil” from cannabis flower and “trim”. These distillates are base cannabis commodities, which are the active ingredients in many cannabis products including infused edibles, tinctures, creams, and are also used as the active ingredient in vaporization cartridges. Grapefruit also distributes cannabis and cannabis products to other properly licensed cannabis product companies. Grapefruit is developing a patented full spectrum time-released THC and CBD delivery cream that provides users with a defined “time released” dose of THC and CBD allowing for a synergistic entourage effect. Our patented product has solved the inherent difficulties of efficient skin absorption of THC and other cannabinoids to allow users to experience a sustained and steady delivery over time following a one-time application. This product is expected to be released in the second quarter of 2020.

PRESS RELEASES

May 28, 2020 Grapefruit USA, Inc. (OTCPINK “GPFT”) Announces Filing Amendment No. 3 to Key Funding Registration Statement and Plans to Formally Reappy to OTCQB 

https://www.accesswire.com/viewarticle.aspx?id=591741

 

May 26, 2020 Grapefruit USA, Inc. (OTCPINK “GPFT”) is deemed a Cannabis Company Positioned to Catch the Sector’s “Third Wave”

https://www.smdp.com/butrader_grapefruit/191182

 

May 21, 2020 Grapefruit USA, Inc. (OTCPINK “GPFT”) Announces its THC+CBD Patchless Patch(TM) Time Released Topical Infused Cream is a Full Spectrum Product

https://www.accesswire.com/viewarticle.aspx?id=590831   

 

May 11, 2020 Grapefruit USA, Inc. (OTCPINK “GPFT”) Reports 230% Revenue Growth Quarter over Previous Quarter, Expects Higher Second Quarter Revenue  

https://www.globenewswire.com/news-release/2020/05/11/2031097/0/en/Grapefruit-USA-Inc-OTCPINK-GPFT-Reports-230-Revenue-Growth-Quarter-over-Previous-Quarter-Expects-Higher-Second-Quarter-Revenue.html

 

May 7, 2020 Grapefruit USA, Inc. (OTCPINK “GPFT”)  Announces Prompt SEC Response to Amendment No. 2 to Registration Statement

https://finance.yahoo.com/news/grapefruit-gpft-announces-prompt-sec-123010555.html

 

May 4, 2020 Grapefruit USA, Inc. (OTCPINK “GPFT”)  Comments on the Significance of the LVCA/BudTrader Acquistion and Grapefruit’s Near Term Plans 

https://finance.yahoo.com/news/grapefruit-usa-inc-otcpink-gpft-123010940.html


April 27, 2020 Grapefruit USA, Inc. (OTCPINK “GPFT”) Announces the Filing of Amendment No. 2 to its Registration Statement providing investors with a detailed look at the Company

https://www.globenewswire.com/news-release/2020/04/27/2022247/0/en/Grapefruit-GPFT-Announces-Filing-Amendment-No-2-to-Registration-Statement.html


April 13, 2020 Grapefruit USA, Inc. (OTCPINK “GPFT”) Reports 248% Revenue Growth Year over Year

https://www.globenewswire.com/news-release/2020/04/13/2014952/0/en/Grapefruit-USA-Inc-OTCPINK-GPFT-Reports-248-Revenue-Growth-Year-over-Year.html


April 7, 2020 Grapefruit USA, Inc. (OTCQB “GPFT”) Elucidates on its Powerful Strategic Alliance with Budtrader.com deriving from its License Agreement with P5 Systems, Inc. (“P5”)

http://www.globenewswire.com/news-release/2020/04/07/2012659/0/en/Grapefruit-USA-Inc-OTCPINK-GPFT-Elucidates-on-its-Powerful-Strategic-Alliance-with-Budtrader-com-deriving-from-its-License-Agreement-with-P5-Systems-Inc-P5.html


April 1, 2020 Grapefruit USA, Inc. (OTCQB “GPFT”) Announces Data License Agreement with P5 Systems, Inc. Granting Grapefruit an Exclusive Six Month License to P5’s “BudTrader.com” Website Database

https://www.globenewswire.com/news-release/2020/04/01/2009845/0/en/Grapefruit-USA-Inc-OTCPINK-GPFT-Announces-Data-License-Agreement-with-P5-Systems-Inc-P5-Granting-Grapefruit-an-Exclusive-Six-Month-License-to-P5-s-BudTrader-Website-Database.html


March 23, 2020 Grapefruit USA, Inc. (OTCQB “GPFT”) Addresses Impact of COVID-19 on Company Operations and Provides Updates on SEC Filiings and First Quarter Operations

https://www.globenewswire.com/news-release/2020/03/23/2004558/0/en/Grapefruit-USA-Inc-OTCPINK-GPFT-Addresses-Impact-of-COVID-19-on-Company-Operations-December-31-2020-Audit-and-SEC-Filings-Provides-Updates-on-Company-First-Quarter-Operations.html


February 10, 2020 Grapefruit USA, Inc. (OTCQB “GPFT”) Announces the Appointment of Southern California Cannabis Industry Leader James Jordan to its Board of Directors

https://www.globenewswire.com/news-release/2020/02/10/1982180/0/en/Grapefruit-USA-Inc-OTCPINK-GPFT-Announces-the-Appointment-of-Southern-California-Cannabis-Industry-Leader-James-Jordan-to-its-Board-of-Directors.html


February 4, 2020 Grapefruit USA, Inc. (OTCQB “GPFT”) Announces Private Label Cultivation Agreement with Premium Southern California Based Cannabis Cultivator

http://www.globenewswire.com/news-release/2020/02/04/1979314/0/en/Grapefruit-USA-Inc-OTCPINK-GPFT-Announces-Private-Label-Cultivation-Agreement-with-Premium-Southern-California-Based-Cannabis-Cultivator.html


January 31, 2020 Grapefruit USA, Inc. (OTCQB “GPFT”) Announces Corporate Name and OTC Ticker Symbol Change Completed; GPFT Will Temporarily Be Quoted On the OTCPink Market

https://www.globenewswire.com/news-release/2020/01/31/1978029/0/en/Grapefruit-USA-Inc-OTCQB-GPFT-Corporate-Name-and-OTC-Ticker-Symbol-Change-Completed-GPFT-Will-Temporarily-Be-Quoted-On-the-OTCPink-Market.html


January 8, 2020 Grapefruit Announces Successful Results in Initial Tests for Efficacy of its Patented Time-Release THC Cannabinoid “Patchless Patch™”

https://www.globenewswire.com/news-release/2020/01/08/1967709/0/en/Grapefruit-IGNG-Announces-Successful-Results-in-Initial-Tests-for-Efficacy-of-its-Patented-Time-Release-THC-Cannabinoid-Patchless-Patch.html


December 16, 2019 Grapefruit Files with FINRA to Change its Corporate Name and Stock Ticker Symbol

https://www.globenewswire.com/news-release/2019/12/16/1960787/0/en/Grapefruit-IGNG-Files-with-FINRA-to-Change-its-Corporate-Name-and-Stock-Ticker-Symbol.html


December 12, 2019 Grapefruit Announces Distribution Contract; CEO Comments on the Company’s Multiple Revenue Streams

https://www.globenewswire.com/news-release/2019/12/12/1959737/0/en/Grapefruit-IGNG-Announces-Distribution-Contract-CEO-Comments-on-the-Company-s-Multiple-Revenue-Streams.html


December 2, 2019 Grapefruit Completes its Audit by SingerLewak, and Files its Super 8-K, Completing another milestone in the Quest to Become a leader in the Legal Cannabis Industry

https://www.globenewswire.com/news-release/2019/12/02/1954580/0/en/Grapefruit-IGNG-Announces-Completion-of-GBI-Audit-and-Filing-of-Super-8-K.html


November 25, 2019 Grapefruit CEO Comments on Third Quarter 10-Q Filings

https://www.globenewswire.com/news-release/2019/11/25/1951818/0/en/Grapefruit-IGNG-CEO-Comments-on-recent-10-Q-Filings.html


September 16, 2019 Grapefruit Announces Memorandum of Understanding with Owner of Patented “Patchless Patch” for Timed Release Delivery of Grapefruit’s Cannabis Products

https://www.globenewswire.com/news-release/2019/09/16/1915769/0/en/Grapefruit-Announces-Memorandum-of-Understanding-with-Owner-of-Patented-Patchless-Patch-for-Timed-Release-Delivery-of-Grapefruit-s-Cannabis-Products.html


September 11, 2019 Grapefruit Announces Appointment of Justin Costello of GRN Funds as its Initial Corporate Advisor

https://www.globenewswire.com/news-release/2019/09/11/1913998/0/en/Grapefruit-Announces-Appointment-of-Justin-Costello-as-its-Initial-Corporate-Advisor.html


September 4, 2019 Grapefruit Engages SingerLewak, LLP as its Auditor

https://www.globenewswire.com/news-release/2019/09/04/1910590/0/en/Grapefruit-Engages-Singer-Lewak-as-its-Auditor.html


August 19, 2019 Grapefruit Announces Closing of the Second Auctus Tranche of $1,400,000 of New Working Capital for Grapefruit

https://www.globenewswire.com/news-release/2019/08/19/1903386/0/en/Imaging3-Inc-Grapefruit-Announces-Closing-of-the-Second-Auctus-Tranche-of-1-400-000-of-New-Working-Capital-for-Grapefruit.html


August 15, 2019 Grapefruit Announces change to Parent Company name to Grapefruit USA, Inc. and new ticker symbol. Results of operations to be announced on Grapefruit’s Third Quarter 10-K Filing

https://www.globenewswire.com/news-release/2019/08/15/1902334/0/en/Imaging3-Inc-Grapefruit-Comments-on-June-30-2019-Results-Released-on-August-14-OTCQB-Application-Refresh.html


August 5, 2019 Grapefruit Announces Launch of New Line of Flavored CBD & THC Oil Infused Vaporization CCell Cartridges under the trade name “Rainbow Dreams”

https://www.globenewswire.com/news-release/2019/08/05/1896714/0/en/Imaging3-Inc-Grapefruit-Launches-A-New-Line-of-Flavored-CBD-THC-Oil-Infused-Vaporization-CCell-Cartridges-Branded-under-the-trade-name-Rainbow-Dreams.html


July 29, 2019 Grapefruit Announces Filing of Registration Statement Achieving Milestone Goal

https://www.globenewswire.com/news-release/2019/07/29/1892681/0/en/Imaging3-Inc-Grapefruit-Announces-Filing-of-Registration-Statement.html


July 18, 2019 Grapefruit Announces Entry into Letter of Intent with Dogwood Management, Inc. Group to Target, Acquire and Manage California Licensed Retail Cannabis Dispensaries.

https://www.globenewswire.com/news-release/2019/07/18/1884437/0/en/Grapefruit-Announces-Entry-into-Letter-of-Intent-with-Dogwood-Management-Inc-Group-to-Target-Acquire-and-Manage-California-Licensed-Retail-Cannabis-Dispensaries.html


July 8, 2019 Final Impediment to Formal Closing of Grapefruit’s Reverse Acquisition of Imaging3, Inc. Removed

https://www.globenewswire.com/news-release/2019/07/08/1879314/0/en/Imaging3-Inc-Grapefruit-Boulevard-Investments-Inc-Finalize-Settlement-of-Outstanding-Invoice-from-Greenberg-Glusker.html


June 5, 2019 IGNG: Reverse Acquisition- MoneyTV with Donald Baillargeon

https://vimeo.com/340553825


June 3, 2019 Grapefruit Boulevard Investments, Inc. Shareholders Close Their Reverse Acquisition of Imaging 3, Inc (“IGNG”) and $10,000,000 Debt and Equity Financing:

https://www.globenewswire.com/news-release/2019/06/03/1863041/0/en/Grapefruit-Boulevard-Investments-Inc-Shareholders-Close-Their-Reverse-Acquistion-of-Imaging-3-Inc-IGNG-and-10-000-000-Debt-and-Equity-Financing-by-Auctus-Fund-LLC.html