Grapefruit Boulevard Investments Inc. (IGNG) is “One to Watch”

July 23, 2019 09:28:07
  • Grapefruit holds a California manufacturing license which allow it to extract oil and manufacture edibles, topical products, capsules and vape cartridges.
  • Grapefruit holds a California distribution license which allows it to broker all forms of cannabis products between growers and manufacturers and distributors, as well as to broker transaction between and among other licensed cannabis product distributors.
  • Grapefruit owns a two-acre parcel of land in Coachillin’ Park which the Company will develop into an all-inclusive facility housing a large indoor grow operation, an extraction laboratory, an FDA-certified kitchen and a distribution hub.
  • Cannabis marketplace in the U.S. projected to reach $30.3 billion by 2023. Over $180 million worth of marijuana-infused food and drinks were consumed in California alone during 2018.
  • CBD oil sales are projected to top $2.1 billion by 2020.

Grapefruit Boulevard Investments Inc., a California corporation (“Grapefruit”), as of May 31, 2019, is a wholly owned subsidiary of Imaging3 Inc. (OTCQB: IGNG), a Delaware corporation whose shares of $.001 par value common stock are publicly traded on the OTCMarkets OTCQB Market under the symbol “IGNG.” IGNG is subject to the reporting requirements of the Securities Exchange Act of 1934 and files annual and quarterly reports pursuant thereto. Grapefruit holds licenses originally issued by the State of California in January 2018 to both manufacture and distribute cannabis products. Grapefruit’s management now owns a controlling interest in IGNG which now owns 100% of Grapefruit’s outstanding shares. As a result, IGNG’s financial reports will consolidate both IGNG’s and Grapefruit’s balance sheet, statement of operation and statement of cash flows and IGNG and Grapefruit will be operated as a single company. IGNG intends to change its name to Grapefruit and to obtain a more appropriate trading symbol as soon as possible. Hereinafter the combined companies will be referred to as “Grapefruit” or the “Company.”

Grapefruit’s corporate headquarters is in Westwood, Los Angeles, California. Grapefruit holds licenses to both manufacture and distribute cannabis products which were…

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NOTE TO INVESTORS: The latest news and updates relating to IGNG are available in the company’s newsroom at http://nnw.fm/IGNG

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