Grapefruit Boulevard Investments, a Los Angeles based cannabis company which has been licensed by the state of California to both manufacture and distribute cannabis products in California since January 2018, has engaged Singer Lewak, LLP of Los Angeles to audit its financial statements. According to the update, the audit will cover financial statements as of and for the fiscal years ended April 30, 2018 and 2019 (the “Grapefruit 2018/2019 Audits”). As a result of its reverse acquisition of IGNG, closed in mid-July 2019, Grapefruit is now a wholly-owned subsidiary of Imaging3, Inc. (OTCQB: IGNG). The financial statements covered by the 2018/2019 Grapefruit Audits will report the results of operations for Grapefruit for those two fiscal years from Grapefruit’s inception through April 30, 2019. Work on the Grapefruit 2018/2019 Audits has commenced and it will timely file its “Super 8-K” report, which will disclose the reverse acquisition details, Grapefruit’s past and ongoing business and include pro forma consolidated IGNG/Grapefruit financial statements. “We are very pleased to have been approved and accepted as an audit client by Singer Lewak, LLP,” Grapefruit CEO Bradley J. Yourist said in the news release. “With the engagement of Singer Lewak, we have attained yet another important goal in a timely fashion as we move methodically toward our overall goal of becoming a top fully integrated cannabis and hemp company.”
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About Grapefruit Boulevard Investments Inc.
Grapefruit Boulevard Investments, a wholly owned subsidiary of Imaging3 Inc. (OTCQB: IGNG), holds California permits and licenses to both manufacture and distribute cannabis products. Grapefruit’s cannabis and CBD extraction laboratory and distribution facilities are located in the industry recognized as Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs. Grapefruit obtained its California cannabis licenses in January 2018 and commenced distribution of cannabis products thereafter. Grapefruit’s vision is to become a seed-to-sale, fully vertically, integrated ethical and compliant cannabis and CBD product company. For more information, visit the company’s website at www.GrapefruitBlvd.com.
NOTE TO INVESTORS: The latest news and updates relating to IGNG are available in the company’s newsroom at http://cnw.fm/IGNG
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