 LOS ANGELES and DESERT HOT SPRINGS, Calif., Feb. 18, 2021 GLOBE NEWSWIRE -- via InvestorWire --Grapefruit USA, Inc. OTCQB: GPFT Grapefruit or the Company, a premiere, fully licensed California-based cannabis company, is updating its recent announcement that it has been approached by a Canadian cannabis company to enter into discussions concerning a potential acquisition transaction. The discussions have evolved to include development of a memorandum of understanding MOU setting forth terms under which the parties could enter into a joint venture to jointly manufacture, distribute and market Grapefruits products, including, but not limited to, Grapefruits patented disruptive HourglassTM THCCannabinoid time-release delivery cream throughout Canada. 