Los Angeles, CA, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Pineapple Express, Inc. (OTC Gray: PNPL) (the “Company”), an innovative company that offers consulting, technology, investments, turn-key property rentals and branding concepts to businesses in the legal cannabis industry, today announced the filing of a Form 10 Registration Statement with the Securities and Exchange Commission in order to register its common stock under the Securities Exchange Act of 1934, as amended. This is an important step in helping the Company expand its operations, as well as provide more transparent and reliable information to investors.
“We are thrilled to usher in this new era for Pineapple Express,” stated Matthew Feinstein, CEO at Pineapple Express. “Our registration statement lays the groundwork for us to begin building our next chapter as a publicly traded company and we are thankful to our shareholders for their support. Once effective, Pineapple Express will become a reporting company, which will provide transparency to our stakeholders — with a goal of communicating the strength of our business, opportunities for growth ahead, and the long-term value we seek to create for our stockholders.”
A copy of the filing is available for download at https://www.sec.gov/Archives/edgar/data/1654672/000149315218000875/form10-12g.htm and on the SEC’s website at www.sec.gov
About Pineapple Express, Inc.
The Company is based in Los Angeles, California. Through our operating subsidiary Pineapple Express Consulting, Inc., we provide capital to our canna-business clientele, lease real properties to those canna-businesses, and provide consulting and technology to develop, enhance, or expand existing and newly formed infrastructures. We intend to create a nationally branded chain of cannabis retail stores under the "Pineapple Express" name as soon as federal laws allow, which will be supported by anticipated Company-owned cultivation and processing facilities, and intend to feature products from anticipated Company-owned manufacturers. As long as cannabis remains federally illegal our operations will be limited to consulting, product licensing, leasing to and investing in existing and new canna-businesses, selling industry specific technology, and providing ancillary support services. We believe that our competitive advantages include our wealth of experience, business model, exclusive proprietary technology, and key industry contacts in an industry that is foreign to most. It is our expectation that these factors will set us apart from most of our competitors.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Statements that are not a description of historical facts constitute forward-looking statements and may often, but not always, be identified by the use of such words as "expects", "anticipates", "intends", "estimates", "plans", "potential", "possible", "probable", "believes", "seeks", "may", "will", "should", "could" or the negative of such terms or other similar expressions. Actual results may differ materially from those set forth in this release due to the risks and uncertainties inherent in the Company's business, including that we have a limited operating history, are dependent upon key personnel whose loss may adversely impact our business, and some of our business activities and the business activities of some of our customers and counterparties, while believed to be compliant with applicable state law, may be illegal under federal law because they violate the Federal Controlled Substances Act. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement and the Company undertakes no obligation to revise or update this release to reflect events or circumstances after the date hereof.