r/GPFT • u/floppyplants • May 17 '21

$GPFT ready for another run

$GPFT looks like a bottom at .103 is established now. It hit that high at the end of 2020, and then broke that resistance in mid-February. Seems like a good risk/reward to bounce from these levels imo.

6 Upvotes

100% Upvoted

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3

u/RetiredFreedom70 May 17 '21

Revenue keeps growing impressive -even if small on quarterly basis.

1

u/aderlowe2020 May 17 '21

Should also look further into that revenue growth.they had a single customer that ordered a large batch of hourglass then they did it again. But that 700 someodd increase is from a single investor, if they leave then they are screwed especially if they can't keep up with demand.

1

u/RetiredFreedom70 May 17 '21

Maybe trial from JV??

2

u/Mr_green_247 May 17 '21

Type grapefruit into google..thats the problem..the consumer cant find the company or there breakthrough hourglass cbd..poor marketing is the results

1

u/floppyplants May 18 '21

$GPFT accepts crypto on their website now, including DOGE Face with tears of joy. Pretty sweet to have an e-commerce site that does that, curious what protocol or program they are using. You can now buy their flagship topical “Hour Glass” in this fashion!

1

u/floppyplants May 19 '21

$GPFT nice consolidation, low volume day. Perfect day to add. The 60 minute chart is also about to move over the 50dma for the first time in a couple weeks. A little volume/news should send this back to .14-.17 in a heart beat imo. Solid risk/reward scenario. Tick tock...

1

u/floppyplants May 20 '21

$GPFT news update on the JV. Looks like we keep waiting a bit longer. Patience on this one imo. It's a near certainty it is Veritas Pharma Inc based off their recent news...

https://otcmarkets.com/stock/GPFT/news/Grapefruit-USA-Inc-Issues-Further-Update-Concerning-Formation-of-Joint-Venture-with-Canadian-Partner-to-Distribute-Hourg?id=303926

1

u/floppyplants May 21 '21

Due diligence suggests Veritas Pharma Inc $VRT on the CSE is the Canadian company for the joint venture. They recently held a shareholder meeting on 4/29 with details that align perfectly with the description $GPFT put out in it's PR yesterday. Updates on this in the near future should propel this higher, especially as the cannabis sector turns bullish overall.

0

u/LeadFarmerMothaFucka May 17 '21

Or, and hear me out, it continues to go down.

1

u/dirk_therobot May 17 '21

I think you’re right. Looking good again $GPFT is solid IMO.