Rob Van Dam, Hall of Fame wrestler and cannabis pioneer,

LOS ANGELES and DESERT HOT SPRINGS, Calif., Sept. 29, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a Cannabiotech-based company and distributor cannabis, today announces that it has entered into an exclusive licensing agreement with WWE Hall of Fame wrestler and cannabis pioneer Rob Van Dam to bring its branded cannabis products to the California retail market.

Rob Van Dam (“RVD”) is an American professional wrestler and actor best known for his tenures in Extreme Championship Wrestling (ECW), World Wrestling Entertainment (WWE), and Total Nonstop Action Wrestling (TNA)/Impact Wrestling. Van Dam is one of only two wrestlers in history to have held the WWE, ECW and TNA World Championships. He was voted “Most Popular Wrestler” by readers of Pro Wrestling Illustrated magazine in 2001 and again in 2002. WWE named him the biggest star in ECW history in 2014.

Bradley J. Yourist, CEO and Co-Founder of Grapefruit, said, “Our industry has matured over the past few years, and that maturation has fundamentally focused success in the retail market around branding. efficient. There is a lot of competition for product storage space in retail stores. Retailers are looking to brands that are likely to generate the most sales, and well-known cannabis brands are the ones consumers will choose. Our strategic partnership with Rob Van Dam and his team is a natural fit. Rob is a cannabis pioneer with a large and loyal following. Its cannabis brand, RVD, has an edge that other cannabis products lack and is embracing the new “Cannabis 3.0” environment of creating exciting and popular branded cannabis and hemp products. We look forward to expanding our footprint in California and eventually nationally, bringing the highest quality RVD cannabis products to Californian cannabis consumers and patients who need to improve their health and wellbeing. welfare. Grapefruit’s plan for transitioning to a science-based cannabiotech company remains unchanged as we capitalize on Cannabis 3.0 in California.

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About Grapefruit

Grapefruit is headquartered in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to manufacture and distribute cannabis products in the Golden State. The extraction laboratory and grapefruit manufacturing and distribution facilities are located in the industry-recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, located on the extension of North Canyon Road, approximately 14 miles north of downtown Palm Springs. For more information about Grapefruit and its business, please visit the company’s website at

Safe Harbor Statement

Grapefruit cautions that any statement included in this press release that is not a description of historical facts is a forward-looking statement. Many of these forward-looking statements contain the words “anticipate”, “believe”, “estimate”, “may”, “intend”, “expect” and similar expressions. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the Company’s expectations and are subject to a number of risks and uncertainties inherent in Grapefruit’s business, including, without limitation: the Company may never obtain the additional funds necessary to support its development and growth plans; and the Company may never achieve market success to achieve or maintain a profitable business. In addition, there are risks and uncertainties related to economic recession or terrorist actions, competition from much larger cannabis companies, unforeseen costs and delays, potential product liability claims and many other factors. More detailed information about grapefruit and risk factors that could affect the making of forward-looking statements is set forth in the company’s filings with the Securities and Exchange Commission, including the company’s Annual Report on Form 10- K, its quarterly report on Form 10-Q for the period ended August 30, 2022, and its registration statement on Form S-1/A. These documents can be read for free on the SEC’s website at Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and Grapefruit undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. This warning is made pursuant to the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995.

Investor Relations:
Bradley Yourist
[email protected]
18776 Blue Dream Crossing, Unit LL1 53-07
Desert Hot Springs, CA 92240
(760) 205-1382

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