Pineapple Express Inc. (OTCMKTS:PNPL)

  • Symbol:OTCMKTS:PNPL
  • Sector:Healthcare
  • Industry:Retail
  • CEO:Shawn Credle
  • Founded:1983
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Pineapple Express Inc. (OTCMKTS:PNPL) Stock Price

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Pineapple Express Inc. (OTCMKTS:PNPL) Company Overview

Pineapple Express Inc. (OTC: PNPL) engages in the provision of capital and the leasing of real estate properties for other cannabis companies. Founded in 1983 in Los Angeles, California under the name Global Resources, LTD., the company has built itself to become a leading portfolio management company in the U.S. cannabis sector.

Providing consulting services and investment opportunities to the wider cannabis industry, Pineapple Inc. engages with the industry to develop, enhance and expand cannabis products through the use of technology and infrastructure.

Soon to be rebranded under the name Pineapple Inc., the company has recently cultivated its own chain of cannabis retail stores, under the Pineapple Express name, which aims to deliver "legal, dependable, quality medicinal and recreational cannabis."

Pineapple Express is also looking to reincorporate into the state of Nevada in Q2 of 2020 as it expands its delivery service through the formation of a vertically integrated supply chain.

With current liabilities of over $5 million ($5,340,958 as of December 31, 2018) the company is hopeful that future generation of substantial revenues and/or obtaining adequate capital to fund operating losses until we become profitable.

While the company has seen an increase in its net loss, Pineapple Express has managed to decrease operating expenses and rental expenses.

The company plans to have its common stock quoted on the OTC to allow for further capital earnings in 2020.

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