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Benzinga
Benzinga
Business
Nina Zdinjak

Canna-Biotech Co. Grapefruit USA Signs Term Sheet With Dubai-Based Lender To Build GPFT 'Mothership'

California-based canna-biotech company Grapefruit USA, Inc. (OTCQB:GPFT) has executed a term sheet with the Al Habtoor Group, located in Dubai, UAE, to finance development of its 2-acre lot in the Coachillin’ Canna-Business Park in Desert Hot Springs, California, located just North of Palm Springs.

The process now moves to the due diligence phase. When due diligence is completed, final details of financing terms will be released.

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