Pineapple Express Cannabis Company (PK) (PNXP) Share Price

FLOAT 25K!!!

Market Cap Market Cap
50,861,375
11/01/2023
Authorized Shares
75,000,000
10/30/2023
Outstanding Shares
20,344,550
10/30/2023
Restricted
19,410,000
10/30/2023
Unrestricted
934,550
10/30/2023
Held at DTC
25,000
10/30/2023

Assets are moving into PNXP fast now!! Loving the move and the speed

Pineapple Express Cannabis Company to Launch 9 Additional Dispensaries in Metro Los Angeles to Accompany Pineapple Express Hollywood Flagship
Mentioned: PNPL PNXP
GlobeNewswireNovember 02, 2023
Company's 50% owned asset signs agreements to manage 9 additional dispensaries in metro Los Angeles; Company holds equity in all


LOS ANGELES, CA, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Pineapple Express Cannabis Company (OTC: PNXP) (the "Company" or "Pineapple Express"), a publicly traded company, today announced the licensing, leasehold, and development of 9 additional retail dispensary locations throughout Los Angeles to supplement its flagship Pineapple Express Hollywood location. The Company shall partially own the dispensary assets while the Company's 50% owned asset, Pineapple Consolidated Inc., has been contracted to manage said dispensaries.

Pineapple Express confirmed the names and locations of the dispensaries as follows:

PINEAPPLE EXPRESS ECHO PARK (1485 W Sunset Blvd., Los Angeles)
PINEAPPLE EXPRESS VENTURA (19841 Ventura Blvd., Woodland Hills)
PINEAPPLE EXPRESS WESTWOOD (2378 Westwood Blvd., Los Angeles)
PINEAPPLE EXPRESS LA BREA (467 S. La Brea Ave., Los Angeles)
PINEAPPLE EXPRESS BEVERLY GROVE (8342 W. 3rd Street, Los Angeles)
PINEAPPLE EXPRESS HIGHLAND PARK (Highland Park, Los Angeles)
PINEAPPLE EXPRESS NORTHRIDGE (8912 Reseda Blvd., Northridge)
PINEAPPLE EXPRESS LAKE BALBOA (7542 Balboa Blvd., Van Nuys)
PINEAPPLE EXPRESS VENICE (8707 Venice Blvd. Los Angeles)

"This is a huge undertaking by Pineapple Express to have ten operational stores in Los Angeles. Once all ten stores are operational, we believe that would make us the largest retail brand in Southern California," stated Matthew Feinstein, chairman and CEO of Pineapple Express Cannabis Company.

About Pineapple Express Cannabis Company

Pineapple Express Cannabis Company. (the "Company" or "Pineapple Express") is based in Los Angeles, California. The Company's operating subsidiary, Ananas Growth Ventures, serves as an incubator, helping early-stage ventures and startups in the cannabis sector through funding, mentoring, and training. The Company is engaged in legal cannabis retail under the brand name of Pineapple Express though its 50% owned asset, Pineapple Consolidated Inc. (pineappleconsolidated.com) which owns and manages retail cannabis ventures under the Pineapple Express name and via www.PineappleExpress.com. Pineapple Consolidated seeks to become the leading portfolio management company in the U.S. cannabis industry. With its headquarters in Los Angeles, California, Pineapple Express is rapidly increasing its footprint throughout the state and looking to scale into underdeveloped markets.

The Company works closely with another public company, Pineapple, Inc. (OTC: PNPL), which procures and leases properties to licensed cannabis operators, provides nationwide hemp-derived CBD sales via online and in-store transactions, and offers cannabis business licensing and consulting services.

Company’s 50% owned asset signs management deal and brands dispensary ‘Pineapple Express Hollywood’

LOS ANGELES, CA, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Pineapple Express Cannabis Company. (OTC: PNXP) (the “Company”), a publicly traded company, today announced that it has commenced management and operations of its flagship dispensary location at the famed corner of Hollywood & Vine on the Hollywood Walk of Fame. The Company confirmed the exact location for Pineapple Express Hollywood as 1708 Vine Street, Hollywood, Ca.

“We are delighted to launch our first store under our Pineapple Express brand at the iconic intersection of Hollywood and Vine street just steps away from Capitol Records," stated Matthew Feinstein, chairman and CEO of Pineapple Express Cannabis Company. “This is the first of 10 stores that our Company’s 50% owned asset, Pineapple Consolidated Inc., has successfully achieved licensing for and is building out in metro Los Angeles. We are excited for our upcoming announcements regarding rolling out our development roadmap and retail footprint throughout Los Angeles.”

About Pineapple Express Cannabis Company

Pineapple Express Cannabis Company. (the “Company” or “Pineapple Express”) is based in Los Angeles, California. The Company’s operating subsidiary, Ananas Growth Ventures, serves as an incubator, helping early-stage ventures and startups in the cannabis sector through funding, mentoring, and training. The Company is engaged in legal cannabis retail under the brand name of Pineapple Express though its 50% owned asset, Pineapple Consolidated Inc. (pineappleconsolidated.com) which owns and manages retail cannabis ventures under the Pineapple Express name and via www.PineappleExpress.com. Pineapple Consolidated seeks to become the leading portfolio management company in the U.S. cannabis industry. With its headquarters in Los Angeles, California, Pineapple Express is rapidly increasing its footprint throughout the state and looking to scale into underdeveloped markets.

The Company works closely with another public company, Pineapple, Inc. (OTC: PNPL), which procures and leases properties to licensed cannabis operators, provides nationwide hemp-derived CBD sales via online and in-store transactions, and offers cannabis business licensing and consulting services.

Company seeks to raise $5 million from accredited investors interested in diversifying their investments in the emerging cannabis industry

LOS ANGELES, CA, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Pineapple Express Cannabis Company. (OTC: PNXP) (the “Company”), a publicly traded company, today announced that it is commencing an offering of up to 5 million shares of its common stock (the “Shares”) at $1 per Share for an aggregate offering amount of $5 million. The Shares will be offered to accredited investors pursuant to Regulation D, Rule 506(c) under the Securities Act of 1933, as amended (the "Securities Act"). As general solicitation is permitted under Rule 506(c) offerings, purchasers must be meet verification requirements for validation of their "accredited investor" status.

The Shares have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements, and will comprise restricted securities as that term is defined in Rule 144 of the Securities Act. The Shares may not be offered or sold by the Company in any state in which such offer or sale is prohibited. The resale of the shares by purchasers shall also be governed by Rule 144 which the Company expects would allow the public resale of the shares no earlier than a period of 6 months after purchasing direct from the Company.

The purpose of this offering is to secure funds that will be directly used in the Company's expansion plan of launching 10 fully licensed retail cannabis dispensaries in the metro Los Angeles area and for general corporate purposes.

“We have a tremendous footprint of legal and licensed cannabis retail locations that are already leased and are undergoing interior renovations to commence operations," said Matthew Feinstein, chairman and CEO of Pineapple Express Cannabis Company. “We have received strong support in our financing activities thus far, and we are looking forward to significant growth of the company’s revenues and assets by taking advantage of this fast-growing sector.”

This press release is neither an offer to sell nor the solicitation of an offer to buy the Shares or any other securities, and no offer, solicitation or sale will be made in any jurisdiction in which, or to any persons to whom, such an offer, solicitation or sale is unlawful. Any offers of the Shares will be made only by means of a private offering memorandum or other agreement between the Company and the investors. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

For additional information about Pineapple Express Cannabis Company and to request our 506(c) offering materials, please contact 888-245-5703 or email investors@pineappleconsolidated.com for more information.

Market Cap Market Cap
50,861,375
09/29/2023
Authorized Shares
75,000,000
10/02/2023
Outstanding Shares
20,344,550
10/02/2023
Restricted
19,410,000
10/02/2023
Unrestricted
934,550
10/02/2023
Held at DTC
25,000
10/02/2023

They released a PR today. Now that the name change is complete I expect we'll start hearing more news soon....could be some pretty interesting stuff I think, that could get some eyes on this bigtime.....like some sort of collaboration with Snoop perhaps....assuming they are still set up in his 'Compound'...??

But who knows, in this shitty OTC Market right now, even Snoop might not be enough to bring any interest here. OTC is just miserable right now.

https://www.otcmarkets.com/stock/PNXP/news/story?e&id=2574792

Hoping for an 8k this week or next. Like to know the BP here

Sort of. The other 'Pineapple Express' is actually now known as 'Pineapple Inc' but the name change was never processed by FINRA due to the CE it had for a long time.

PNPL is somewhat like a sister company in a way, as they are both controlled by Feinstein but they handle different parts of the 'Pineapple Express' brand/business. One is geared towards cannabis touching assets (cannabis delivery, cannabis dispensaries, etc) and the other non-touching cannabis assets (hemp, business licensing, consulting, real estate etc)

Another Pineapple Express?

Finally, nice..! Only took 6 months...lol.

MNAO, MINARO CORP. Name/Symbol Change effective 7/11/23 per DL.

PNXP, Pineapple Express Cannabis Company

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Outstanding Shares 20,344,550 06/19/2023
Restricted 19,410,000 06/19/2023
Unrestricted 934,550 06/19/2023
Held at DTC 25,000 06/19/2023

I now have 4,500 shares out of the 25,000 float

I expected the equity interests to be worth millions, they were in PNPL, so I'm not sure what the deal is exactly......but their business dealings are kind of confusing to the lay person and difficult to wrap your head around, with all these partial ownership percentages and interests.

Apparently selling off percentages of the businesses, allows them to raise $$$ without convertible debt or more dilutive methods to shareholders. I can appreciate this, I think they are a shareholder friendly company in general, from what I've seen.

Only 2 followers here

Thanks, yes Read it, I’m pleased with what is moving in… next Q will be better
Take care

Q is out, starting to see more details here now, its kind of what I was anticipating, with the old PNPL assets being moved into here, though I thought the numbers would be better.

We also now see that the capital raise is being done @ .50, would have preferred to see that at $1.00+ but it's better than convertible debt.

https://www.otcmarkets.com/filing/html?id=16744303&guid=5WT-kn4fiHvnJth

Share Structure

Market Cap Market Cap
23,599,678
06/12/2023
Authorized Shares
75,000,000
06/12/2023
Outstanding Shares
20,344,550
06/12/2023
Restricted
19,410,000
06/12/2023
Unrestricted
934,550
06/12/2023
Held at DTC
25,000
06/12/2023

MNAO - Minaro Corp.
Other OTC - Other OTC Delayed Price. Currency in USD
Follow
Major HoldersInsider RosterInsider Transactions
Major HoldersCurrency in USD
Breakdown

104.19% % of Shares Held by All Insider

https://finance.yahoo.com/quote/MNAO/holders?p=MNAO

After 7 years, PNPL finally got their CE removed today.

Back to Pink Current Info today, now that the 10K is out.

Went to Pink Limited Information today, as they are now delinquent in their SEC reporting. I kind of suspected this after the PR in PNPL, if that 10K is going to take extra time, then perhaps ours will as well, since those divested pant touching assets are now here I believe.

Share Structure

Market Cap Market Cap
57,168,186
04/21/2023
Authorized Shares
75,000,000
04/24/2023
Outstanding Shares
20,344,550
04/24/2023
Restricted
19,410,000
04/24/2023
Unrestricted
934,550
04/24/2023
Held at DTC
25,000
04/24/2023

PNPL had news yesterday, sounds like it could go to the Expert Market before then 10K is ready, at least they gave folks a heads up.

https://www.otcmarkets.com/stock/PNPL/news/story?e&id=2502049

Seems like the regulators and OTCM are going to stonewall these guys at every turn, which is going to make it very difficult to move forward, for both companies.

Some may say its justified, however, personally, I say if they do not have any evidence that Vince is still involved in Pineapple, then its total bullshite IMO.

We are in FINRA’s mercy as usual, I have seen it take 6 months to one year. Private monopoles should not have this much power!

We wait

I'd like to know what's going on with the name change, seems to be taking an inordinately long time given that it was submitted to FINRA last year in December supposedly....so we are closing in on 4 months now, when they have been taking 8 weeks or so in the other tickers I've followed recently.

If they don't process the name change and the appeal fails, then we may be screwed here, they will have to either do business as Minaro Corp or sell it to someone who can get a corporate action approved. I ran into this problem with another ticker, RGMP, they could not get their name and symbol changed due to a previous association with Martin Shkreli.

The company has decided to make the fiscal year amendment effective April 8, 2023 instead of December 31, 2022, for accounting purposes.

On April 8th, 2023, the Company’s Board of Directors unanimously approved a board resolution and written consent of the majority of the stockholders to amend the company’s fiscal year to calendar year running from January 1st to December 31st, effective December 31, 2022.

Form D filed today, looks like they just started raising some $$$'s through private placements.

https://www.otcmarkets.com/filing/html?id=16508930&guid=DhA-kntvAcii9ch

Yeah, saw that they just filed a Schedule 13D, share structure is pretty good for this acquisition IMO, certainly much better than a lot of OTC mergers/acquisitions.

I would like to see the name/symbol change go through, sometimes it can take a very long time for the regulators to cleanse their palate when a company has a former association with someone like Vince. They can appeal to a FINRA UPC subcommittee if the name change is denied but that rarely goes in the companies favor.

https://www.otcmarkets.com/filing/html?id=16450943&guid=ju4-kHGQCbrwQth

As of the date hereof, Mr. Feinstein has beneficial ownership interest of 15,000,000 shares of Common Stock (representing approximately 78.8% of the number of shares of Common Stock issued and outstanding). The percentages with respect to Mr. Feinstein’s beneficial ownership is based on 19,0340,550 shares of Common Stock issued and outstanding as of February 23, 2023.

So you have around 900K shares unrestricted but still in certificate form, if I were them, I would try and purchase these from the shareholders for cheap.....and then return them to the treasury. It sucks for liquidity but the fewer number of unrestricted shares, the less the regulators have to worry about.

Hmm...I see, PVI was generating revenue but PNPL was not.....but PVI was not a subsidiary either, so perhaps that's why, IDK. In this case here, I believe Pineapple Consolidated would be considered a subsidiary of MNAO and they wholly own PNPL Holdings, which contains these revenue generating assets....

Previously, PVI has invested in established cannabis businesses, funded cannabis start-up businesses, managed the aforementioned businesses for a management fee, and in some instances subleased property to these businesses for a profit. However, as of September 1, 2022, PVI shifted its primary focus to being a “non-plant touching” entity through development of cannabis assets and resale of the same for a profit in partnership with its affiliate entities, hemp CBD retail management services for a fee, and leasing and subleasing cannabis retail properties for a profit. PVI no longer operates or partially owns cannabis assets and acts only as a consultant for the purpose of facilitating development of those assets through PNPL Holdings, Inc. PNPL Holdings, Inc. is wholly-owned by Matthew Feinstein and, as such, is a related party to Pineapple, Inc. PVI no longer receives a 10% management fee for these cannabis entities and is now completely a non-plant touching ancillary service provider to the cannabis industry. As of September 30, 2022, PVI carries no ownership of any cannabis assets. However, PVI did own the following cannabis assets as of December 31, 2021 (these portions of ownership were transferred to PNPL Holdings, Inc.):

? Capital Growth Investments, Inc. (“CGI”): 20% as of December 31, 2021 (delivery, cultivation, manufacturing, and distribution)
? Universal Herbal Center, Inc (“UHC”): 20% as of December 31, 2021 (delivery, manufacturing, distribution, and dispensary).
? PNPLXPRESS, Inc. (“PXI”): 10% equity interest as of December 31, 2021 (delivery and dispensary).
? PNPLXPRESS II, Inc (“Northeast LA Dispensary”): 49% equity interest as of December 31, 2021 (delivery and dispensary).


The ownership percentages previously owned by PVI were transferred to PNPL Holdings, Inc. During the nine months ended September 30, 2022, three of the above cannabis assets (CGI, UHC and PXI) generated revenue while PVI held ownership. As noted above, as of September 30, 2022, PVI no longer has any ownership in these entities.


The following represents summarized financial information of PVI as of and for the nine months ended September 30, 2022, and 2021, respectively:


Income statement 2022 2021
Revenue $ 489,145 $ 111,552
Cost of goods sold (756 ) -
Gross margin 488,389 111,552
Operating expenses (2,134,478 ) (1,862,676 )
Gain on dispensary equity sale 4,965,510 -
Net income (loss) $ 3,319,421 $ (1,751,124 )

Balance sheet
Current assets $ 1,437,504 $ 661,236
Non-current assets $ 2,205,536 $ 180,134
Current liabilities $ (1,046,924 ) $ (614,030 )
Non-Current liabilities $ (754,440 ) $ (2,929,520


The Company has recorded an income from equity investment of $1,499,355 during the nine months ended September 30, 2022

They never monetized the assets they had as they were very highly leveraged and/or owned by related parties. This goes for all the companies. Very little revenue has ever been created. Can’t imagine the dispensaries making a profit at this point. Feinstein always finds a way to turn something that looks promising into a big turd.

Outstanding Shares 19,004,550 02/13/2023
Restricted 18,070,000 02/13/2023
Unrestricted 934,550 02/13/2023
Held at DTC 25,000 02/13/2023

Who had 'very little assets' Medbox or Pineapple....they were different companies, just originally co-founded by the same person, Vincent...??

PNPL had a boatload of assets(equity interests) at one time, just their license's alone are or were worth a ton of $$$'s, at least at one point a couple years ago they were worth $20M supposedly.

However, I believe those assets were moved out of PVI and into PNPL Holdings, which is a wholly owned subsidiary of Pineapple Consolidated now....which MNAO owns 50% of. So there should be assets and revenue here, as one of the assets is their equity interest in the Hollywood and Vine dispensary and likely a chuck of the delivery service as well I think.

Credle has told his story in several interviews, he was more or less brought into Pineapple, to 'right the ship', get them back on track, the company obviously has had a lot of struggles over the years, especially with the suspension in 2016.

He's probably the most highly educated penny stock CEO I've ever seen, 6 degrees, including 4 Masters degrees, he seems to be well connected and well respected, especially in the black community, from what I can tell from my DD. What he lacks in experience, he seems to make up for in pure brain power.....something the vast majority of penny stock CEO's do not have an ounce of....lol.

Its hard to tell exactly what's going on but he seems to have helped turn the company around. We'll know more when filings come out here, they raise $$$ by selling off parts of these 'Pineapple' entities, so they all seem to have these funky ownership percentages, so without filings its not easy to figure out what they have going on exactly.

I think its a high risk/high reward type scenario but a calculated risk that I don't mind and why I buy these kinds of penny stocks.

Thanks for visiting the PNPL board and updating the going on’s with Feinstein’s new ticket.

As you recall Medbox was an outright fraud company meant to cover up all the illegal shenanigans of Vincent (and to some extent the Ambassador). Feinstein got involved towards the end and tried to create something out of the very little assets they really had by recruiting Larry Flynt’s daughter on to the board. They P&D what they could, don’t think Feinstein was part of that but he will always be stained by that.

PNPL had multiple transactions with land/building deals out towards Palm Springs that went bad and they forfeited those assets. Ortega came and tried to do something and that failed as. Not sure if they ever generated a real drop of revenue at PNPL.

I’d be wary of the time frames MF provides. Many of the PR’s are repeats of previous timelines that have been kicked down the road.

Have no clue what Credile’s real role is here, other than being figure head CEO.

Will be interesting following the continued story though.

Understood and agree, this would be an ideal situation. Once PNPL is 'clean' including CE removed, could be possible ticker for RM. PNPL SS is not the worse we have seen either.

As 'They' say, 'we shall see'...

That's just my theory though, I don't really know what the plan is, I'm just trying to connect the dots...lol.

MNAO gives Pineapple a fresh start, with a brand new trading ticker and one that's more easily uplisted. Then once they finishing cleaning up PNPL, that gives them a vehicle to take a cannabis startup public, adds a new dimension to the services they offer clients and also kind of gives PNPL a fresh start as well, with new ownership and new management.

This seems more logical and cost effective than any other option I can come up with.

All very good points.

I would like to see PNPL CE removed and used for a RM. Think Feinstein and Credle have a plan are are trying to do everything they can to be compliant & transparent.

The problems with running 2 separate SEC reporting public companies, A) the huge expense and B) while its true that if one does well, if can positively effect the other one, same is true on the flip side, right now PNPL is a very low priced security with a CE and is an albatross for MNAO. So MNAO could always have its upside limited by PNPL, even if the CE is removed in the future, as sister companies they are always going to be connected.

However, one thought I had was this, what if PNPL was actually being set up as an RM vehicle..?? We know they are working with newer companies like Nature’s Treatment of Illinois, in helping them start up their businesses.....if one of these companies also wanted to go public, Pineapple could add that to their list of services by acquiring shells.

PNPL is almost like a shell now, most of the assets have been moved out, once the CE is removed, they could take one of these companies they are working with public through it....and it would have its own separate owners, its own separate management teams, etc, etc.....its would still be good for the PNPL shareholders.....just would no longer have any effect on MNAO.

Just a thought.

Totally agree. As the song goes, you gotta keep 'em separated:

Everyone here should own some DBMM
QB up list on its way any day then pr machine will start

My calculations are 700 mil short
4 billion naked

Agreed..! Now got to hope they are not going to issue spinoff shares or a divi of MNAO to PNPL shareholders....even if we were going to get a divi of PNPL as well, Id rather see them kept separate and the share structure here kept as low as possible.

Exactly, yes fingers crossed, I’m pleased at the speed they are moving us forward, can’t wait to see our new ticker

Ananas Growth Ventures sounds similar to what Matt is talking about in this video, what they did for Nature’s Treatment of Illinois. I guess in this case, they could use MNAO for equity financing, to help fund these types of companies and we would get an ownership %.

https://ntillinois.com/

Nice. Smart move IMO. Might have a chance for a nice runner here.