California Distribution Secured for Grapefruit’s Premiere Concentrate Brand ‘Summit Boys’

Rhea-AI Summary

Grapefruit USA, Inc. (OTCQB: GPFT) has announced a distribution agreement with Greenline Distribution for its premium cannabis concentrate brand, Summit Boys, in California. Greenline, known for its award-winning cannabis strains, brings over 70 years of experience in cannabis distribution. CEO Bradley J. Yourist expressed enthusiasm about the partnership, emphasizing the hands-on service the Summit Boys sales team will provide to Grapefruit retailers. The new product offerings include high-end concentrates like vanilla runtz diamonds and wedding cake live badders.

Positive

• Secured distribution agreement with Greenline Distribution.
• Partnership enhances distribution capabilities in California.
• Introduction of premium cannabis concentrates under the Summit Boys brand.

Negative

• None.

LOS ANGELES and DESERT HOT SPRINGS, Calif., March 23, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), an innovative California-based cannabiotech company, today announces that it has secured distribution in the state of California for Summit Boys, a Company-owned premiere cannabis concentrate brand. The distribution agreement has been forged with Greenline Distribution of Monterey County, California.

Greenline is an award-winning cannabis cultivator and distributor based in Moss Landing, California, and is the creator of the exclusive, super-potent “Orange Tree” and “Bananimal” cannabis strains. The Greenline team has over 70 years of combined cannabis distribution experience and currently distributes cannabis products throughout the state of California.

Bradley J. Yourist, Grapefruit’s CEO and co-founder, commented, “We are pleased that Grapefruit has partnered with Greenline to secure full-service distribution for its ‘Summit Boys’ brand in California. The highly experienced Summit Boys sales team provides hands-on service to Grapefruit retailers and is excited to distribute our new Summit Boys high-end concentrates, which include, ‘vanilla runtz diamonds,’ ‘sweeties live sugar,’ ‘sundae driver,’ ‘wedding cake live badders’ and ‘snowcap diamond sauce.’ We look forward to working with Greenline over the coming months to manufacture and distribute new and innovative Summit Boys concentrates.”

For additional information about Summit Boys, please visit:
https://www.instagram.com/summitboys/

For additional information about Go Greenline, please visit:
https://www.instagram.com/gogreenline/

For investor information, please visit our website at:
https://grapefruitblvd.com/investor-relations/

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About Grapefruit

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, located on the extension of North Canyon Road, approximately 14 miles north of downtown Palm Springs. To obtain further information on Grapefruit and its operations, please visit the Company’s website at https://grapefruitblvd.com/.

Safe Harbor Statement  

Grapefruit cautions that any statement included in this press release that is not a description of historical facts is a forward-looking statement. Many of these forward-looking statements contain the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties inherent in Grapefruit’s business, including, without limitation: the Company may not ever obtain additional funds necessary to support its business development and growth plans; and the Company may not ever achieve the market success to reach or sustain a profitable business. In addition, there are risks and uncertainties related to economic recession or terrorist actions, competition from much larger cannabis companies, unexpected costs and delays, potential product liability claims and many other factors. More detailed information about Grapefruit and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K, its Quarterly Report on Form 10-Q for the period ended Sept. 30, 2021, and its Registration Statement on Form S-1/A. Such documents may be read free of charge on the SEC’s website at www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and Grapefruit undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. This caution is made under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995.

Investor Relations Contact:
Bradley Yourist
ir@grapefruitblvd.com
18776 Blue Dream Crossing, Unit LL1 53-07
Desert Hot Springs, California 92240
(760) 205-1382
https://grapefruitblvd.com/

Please be aware that our social media accounts can be used from time to time for additional material events. They can be found here:

Grapefruit USA:
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Instagram: https://www.instagram.com/grapefruit_usa/
Twitter: https://twitter.com/grapefruitusa
LinkedIn: https://www.linkedin.com/company/grapefruit-boulevard/
Weedmaps: https://weedmaps.com/brands/grapefruit

Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com  

FAQ

What is the distribution agreement Grapefruit USA has secured?

Grapefruit USA has secured a distribution agreement with Greenline Distribution for its Summit Boys cannabis concentrate brand in California.

Which brands will be distributed under Grapefruit USA's agreement?

The agreement will distribute the Summit Boys brand, which includes concentrates such as vanilla runtz diamonds and wedding cake live badders.

Who is the distributor for Grapefruit USA's Summit Boys brand?

Greenline Distribution is the distributor for Grapefruit USA's Summit Boys brand.

What experience does Greenline Distribution have?

Greenline Distribution has over 70 years of combined experience in cannabis distribution and is known for its award-winning cannabis strains.

When was the distribution agreement between Grapefruit USA and Greenline announced?

The distribution agreement was announced on March 23, 2022.