Lake Victoria Mining, Inc. Announces Significant Increases in BudTrader.com Overall Hits and Overall Visits over the Past Thirty Days. - Seite 2

The reverse acquisition of LVCA, which is a control affiliate of Grapefruit, significantly expands the alliance between the two southern California firms which was first made public on April 1, 2020 when the firms announced execution of a Data License Agreement (the “License”) between them. Since that time, the firms have worked closely implementing the logistics of the License and in the course of that work the concept of the Acquisition developed into a general plan for the Acquisition culminating in the execution of the LOI. At the conclusion of the Acquisition, Grapefruit’s founders and management team will own approximately 20% of post-acquisition LVCA/BudTrader.

With respect to today’s announcement about BudTrader’s recent growth, Bradley J. Yourist, Grapefruit’s CEO stated “Today’s announcement confirms that our instincts about Brad MCLaughlin and BudTrader were correct. We are committed to do whatever it takes to facilitate BudTrader’s success, because as they grow their user base, Grapefruit’s customer base grows. We are certain that the expansion of BudTrader’s user base and traffic sessions will add market value to both GPFT and LVCA.”

About GRAPEFRUIT/LVCA

The Grapefruit/LVCA corporate headquarters is in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to both manufacture and distribute cannabis products. Grapefruit’s extraction laboratory and distribution facilities are located in the industry recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, located on the extension of North Canyon Rd., approximately 14 miles north of downtown Palm Springs. Grapefruit obtained its California cannabis licenses in January 2018 and commenced distribution of cannabis products thereafter. Grapefruit’s vision is to become a seed to sale, fully vertically integrated ethical and compliant cannabis product Company. To obtain further information on Grapefruit and its operations, please visit its website at https://grapefruitblvd.com/. To learn more about Grapefruit’s Sugar Stoned branded line of infused edibles, please visit us at https://sugarstoned.com/.