Grapefruit USA, Inc. Announces New Strategic Alliance with 6PAK Solutions Canada to Shepherd Grapefruit's Patented Hourglass(TM) Time Release THC+CBD Delivery Cream through Health Canada's Regulatory Requirements
LOS ANGELES and DESERT HOT SPRINGS, Calif., June 28, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Grapefruit USA, Inc. (OTCQB: GPFT) ("Grapefruit" or the "Company"), a premiere California-based cannabis and hemp company, is pleased to announce it has signed a NDA with and formed a new strategic alliance with 6PAK Solutions Inc., a well-respected Canadian cannabis manufacturer and arm of ATG Pharma Inc., to bri.ng Grapefruit's patented Hourglass(TM) Time Release THC+CBD Delivery Topical Relief Cream to market throughout Canada.
As part of this new strategic alliance, Grapefruit intends to file a Notice of New Cannabis Product or "NNCP" with Health Canada detailing the Hourglass production process including integration of the patented Z-Pod Xerogel Silica Gel technology into the Hourglass topical delivery cream system. Upon approval of the NNCP by Health Canada, Grapefruit intends to launch its Hourglass(TM) Time Release THC+CBD Delivery Cream across Canada, hopefully, in the third quarter of 2021.
The Company believes its Hourglass(TM) delivery cream system is a truly disruptive delivery technology that has fundamentally changed the way humans can ingest THC and other cannabinoids to obtain their unique holistic benefits. A simple application of Grapefruit's Hourglass(TM) cream is all that is needed for Grapefruit's users to obtain the full body entourage effects and related relief of THC and a wide array of other beneficial cannabinoids. Furthermore, and most importantly, Grapefruit is the exclusive licensee of the Z-Pod Xerogel Silica Gel for cannabis products in North America. Only Grapefruit possesses the know-how to manufacture the Hourglass(TM) time--release delivery cream from the Xerogel Gel and only Grapefruit approved retailers can sell the Hourglass(TM) time-release delivery cream in the United States, Canada and Mexico. Hourglass is the future of healthy cannabis delivery systems.
Bradley J. Yourist, Grapefruit's CEO and co-founder, commented, "We are very encouraged by 6PAKS' decision to form an alliance with Grapefruit to take the initial steps toward obtaining Canadian regulatory approval to bring Grapefruit's patented time-release THC+CBD topical delivery cream to all Canadians. 6PAK Solutions' expertise in this area is unrivale
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To strengthen the Octopus Protocol ecosystem and boost the overall momentum, Octopus Protocol has announced partnerships with several VC firms and cryptocurrency projects. To further continue to achieve success, Octopus Protocol has formed a strategic alliance with yet another potentially transformative blockchain project — iBetYou (IBY).
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Octopus Protocol and IBY employ similar principles to facilitate revolutionizing solutions for different industries. This helps both innovations to collectively derive the best solutions using technologies like blockchain and smart contracts. The strategic alliance of Octopus Protocol and IBY will help bolster the technological growth of the products. Moreover, it will help in finding the best solutions that allow an optimized experience for their users.
>“With IBY, we focus on using the best technological solutions that can help bolster the overall growth and development of Octopus Protocol. We both believe in keeping the communities at the forefront to derive an inclusive process for our respective ecosystems”.
Monk
Co-Founder, Octopus Protocol
About Octopus Protocol
Octopus Protocol, a robust DeFi protocol built on the Binance Smart Chain (BSC), allows issuance, trade, and management of decentralized derivative assets. Leveraging the technological innovation of blockchain, Octopus Protocol facilitates a platform that offers unparalleled access and exposure to real-world assets, thereby enabling a fair way to engage with synthetic assets and giving equal opportunities to access derivatives.
**In the upcoming days, we h
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