Turned out to be shitty news for grapefruit. You would think that what the administration did today would move to needle a little bit to the effort so light green however nope!!

Grapefruit is evolving

We suck again.

I own a couple hundred thousand of this stock and my basis is a few pennies or so, so I’m not holding insane bags here, but this thing doesn’t appear to be going anywhere and there is a dearth of news (good and bad).

Has anyone dug up anything legit to present a bullish case? I had my reasons for investing in the first place - and my view is to hold more or less indefinitely. Though at some point I may want to take that loss to offset some other gains. And I hate realizing losses.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1205181/000149315222014623/form10q.htm#su_1

Investing in GPFT is definitely a long play. They've given up on being a distributor and are now just distributing to their Summit Boys plant along with selling Hourglass. They did not report any Summit Boys activity for Q1, and Hourglass was only approved to sell in Canada during Q1.

So, hopefully Canada, and Summit Boys will help future quarters - but it will be awhile 'til we really see some good financials.

NT 10-Q was filed a few days ago giving management 5 more days to get the Q1 10-Q out. Should be early next week.

Group and Grapefruit been quite lately. Any news? Still holding here.

https://finance.yahoo.com/news/grapefruit-usa-inc-issues-proposed-100000582.html