LOS ANGELES, March 29, 2017 /PRNewswire/ -- PINEAPPLE EXPRESS, INC. (OTC Grey: PNPL) (the "Company"), a publicly traded company that offers consulting, technology, investments, turn-key property rentals and branding concepts to businesses in the legal cannabis industry, announced today that its patent application which was pending with the USPTO related to an invention dubbed the "Top-Shelf" Safe Display System (SDS), was issued a notice of allowance by the USPTO on March 22, 2017. The Company owns the to be issued patent based on a previously executed royalty arrangement with the inventor.
The soon to be patented, "Top-Shelf" SDS (shown in the images above), exclusively developed for the Company, converts four critical components of the current dispensary model and combines them into a single, technologically advanced, and stylish unit. The system allows for a dispensary operator to:
- Safely and attractively display cannabis products,
- Secure all products in an armored exterior safe with interior locked compartments,
- Weigh all products in real-time using dozens of electronic scales housed in the locked compartments within the unit,
- Transmit real-time inventory data to an integrated point-of-sale and inventory management system, and
- Authenticate transactions to consumers for legal compliance and record-keeping purposes.
The Company believes the Top-Shelf system could be one of the most powerful management tools available to cannabis dispensaries today. The system will also have the ability to work in concert with popular POS systems currently in use by dispensaries.
The Company also contracted with Pulse Design Group, an award-winning design firm with over 10 years of product design and manufacturing experience, to develop and produce the Top-Shelf system. The Company anticipates production and sales of the Top-Shelf system to commence in the second quarter of 2017 with a target retail price of $25,000. Lease and financing options will be made available to dispensaries on approved credit.
Matthew Feinstein, CEO and Chairman stated, "After speaking with numerous dispensary owners all over the country, it became clear to me that Top-Shelf could address many issues present in today's dispensaries such as: protection from loss during burglaries and robberies, accurate transaction tracking, increased inventory management, and protection from internal theft and diversion. All this is achieved while not hindering the consumer experience at cannabis dispensaries. It is expected that the increased oversight and loss prevention achieved for a dispensary that uses Top-Shelf could save the dispensary thousands of dollars a year."
The Company will be offering the Top-Shelf system as part of its comprehensive branding and business development package available to every dispensary to which it provides consulting services or leases space. Eventually the Company envisions that the Top-Shelf system will be an integral part of the anticipated Pineapple Express branded Company-owned retail stores, when federal laws permit.