GPFTGRAPEFRUIT USA INC.

About GRAPEFRUIT USA INC. (GPFT)

GRAPEFRUIT USA INC. (GPFT) is a Drug Manufacturers - Specialty & Generic company headquartered in Los Angeles, CA, United States whose shares trade over-the-counter on the Pink tier.

Grapefruit USA Inc. is a Delaware corporation distributes a proprietary line of patented and branded cannabis and hemp-based products. The company manufactures this product line and distributes it, along with other cannabis and hemp products, in California and throughout the USA. Grapefruit's flagship product, its patented Hourglass THC-cannabinoid/CBD time release delivery cream, has harnessed cutting edge technology to introduce truly disruptive products to the cannabis and hemp marketplaces. The Company believes the Hourglass line of THC-cannabinoid/CBD products has fundamentally changed the way individuals use THC, other cannabinoids, and non-THC hemp-derived CBD products. A simple application of the Hourglass cream enables the user to experience the holistic benefits of THC, CBD and many other cannabinoids. As the market becomes aware of this proprietary line of products, demand will grow and the Company will capitalize on its proprietary hold on all Hourglass based products. The company is managed by a team of experts who possess the experience, skills and resources required to succeed in the competitive cannabis marketplace.

Products and services

Grapefruit manufactures all of its products at its fully licensed extraction facility located in Desert Hot Springs, California and distributes licensed cannabis products within California and non-THC hemp-based products throughout the USA. The Hourglass product line is also manufactured at this facility. The Hourglass brand of topical creams can only be manufactured by Grapefruit and only obtained from its authorized retail sellers and its direct-to-consumer e-commerce store, hourglassonlinestore.com. (Hourglass is not intended for use to cure, mitigate, treat, or prevent disease and Grapefruit makes no such claims). The Company owns extract brand Summit Boys. Summit Boys is a very popular cannabis extract brand that is sold at retail locations throughout the State of California. The Company also created Rainbow Dreams, a brand designed specifically for the recreational cannabis marketplace. Rainbow Dreams fills a niche in the marketplace – a top shelf quality product line that is competitively priced. The Company also operates a wholesale distribution operation which distributes wholesale flowers, trim, extracts, and THC distillate throughout California.

GPFT key facts

Ticker symbol

GPFT

Market tier

Pink

Sector

Healthcare

Industry

Drug Manufacturers - Specialty & Generic

Headquarters

Los Angeles, CA, United States

Country of incorporation

US

Year of incorporation

2017

Employees

9

Estimated market cap

$774.7K (as of Apr 10, 2025)

Shares outstanding

1,106,710,282

Reporting standard

Alternative Reporting Standard

Audit status

Unaudited

Fiscal year end

12/31

Latest filing

Annual Report (Dec 31, 2024)

GRAPEFRUIT USA INC. leadership

• Bradley J Yourist — CEO, President
• Daniel J. Yourist — COO
• Craig Tarnutzer — Chief Accounting Officer
• Nicholas F Coscia — Counsel

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