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Grapefruit Boulevard Investments Inc. (IGNG) Completes Reverse Acquisition, Launches Sugar Stoned

  • Grapefruit is a premier manufacturer and distributor in California’s legal cannabis marketplace
  • The company completed a reverse acquisition of Imaging3
  • Grapefruit recently launched a new product line, Sugar Stoned

Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) is a premier cannabis manufacturer and distributor in the California legal cannabis marketplace with its own branded product lines. It offers professional assistance to other cannabis companies in branding, compliant packaging, extraction services, edible manufacturing services and distribution logistics. The company created a fully compliant strategy to bring unlicensed brands into the legal marketplace. Grapefruit is a seed-to-sale, vertically integrated company sourcing active ingredients and creating branding, packaging and manufacturing. The company provides wholesale and licensed cannabis distribution to ensure that the brands it works with get into dispensaries.

In January 2018, Grapefruit acquired its California cannabis licenses and subsequently began distribution of cannabis products. Grapefruit’s cannabis- and CBD-extraction laboratory and distribution facilities are located in the industry-recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, California.

‘IGNG’ was originally the public trading ticker for Imaging3, a diagnostics technology company that is now continuing services as a private company. In June, Grapefruit announced that, upon approval of IGNG’s board of directors, it successfully completed the reverse acquisition of Imaging3 (http://cnw.fm/4K9vL).

In a news release, former Imaging3 CEO John Hollister commented, “Grapefruit is poised for a great future.” Hollister went on to say that, given the potential of the expanding cannabis market and the company’s strong cannabis-market potential, shareholders are now in a position to see a larger value appreciation with lower risk.

Grapefruit has big plans for the future that include the expansion of current extraction laboratory operations to increase efficiencies and output, as well as the expansion of distribution services throughout California and pursuit of additional cannabis licenses for permitted cannabis manufacturing and cultivation. “In this quarter alone, Grapefruit will be launching its new line of unique infused cannabis edible and CBD products,” added Grapefruit CEO Bradley J. Yourist.

In addition, on June 21, 2019, the company announced that it will start retail sales of its first brand of cannabis-infused edible gummies in California under the trade name ‘Sugar Stoned’ (http://cnw.fm/cM2gd). Grapefruit’s corporate vision is to become a seed-to-sale, fully vertically integrated ethical and compliant cannabis and CBD (cannabidiol) product company. The new Sugar Stoned signature gummies are available in eight flavors: blue raspberry, cherry, grape, peach, pineapple, sour apple, strawberry and watermelon. These flavors were chosen following consultation with cannabis retailers across California.

Sugar Stoned consumers know that they are receiving the highest quality product. All of Sugar Stoned’s infused gummies are tested and certified by a third-party lab to be pesticide and heavy-metal free. In Q3 2019, Grapefruit is preparing to introduce several unique infused offerings, as well as launching a new line of THC- and CBD-vaporizer cartridges.

For more information, visit the company’s website at www.GrapefruitBlvd.com

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