 LOS ANGELES and DESERT HOT SPRINGS, Calif., Sept. 15, 2021 GLOBE NEWSWIRE -- via InvestorWire -- Grapefruit USA, Inc. OTCQB: GPFT Grapefruit or the Company, a premiere, fully licensed California-based cannabis company, today announces that on Friday, Sept. 10, 2021, the Company closed on the acquisition of a controlling interest in Monterey, California-based Summit Boys, Inc. Summit Boys from one of Summit Boys founders in a stock-for-stock transaction valued at 250,000, based on GPFTs Sept. 10, 2021, closing price. All Summit Boys revenues will henceforth be consolidated with Grapefruits financial statements. 