Grapefruit USA, Inc. reported revenue result for the quarter ended March 31, 2021. For the quarter, the company reported net revenues of $350,815, a decrease of 10% over revenues of $393,559 a year ago. This decrease in Revenue was caused by a very strong cannabis harvest in the fourth quarter of 2020 and early 2021 which drove down wholesale cannabis prices significantly and limited the profitability of the distribution and trading operations. As a result, the Company prudently limited such activities and concentrated its efforts more acutely on improving upon and launching its Hourglass products which will result in significantly higher Hourglass related revenues through the final three quarters of 2021 and into 2022.