Pineapple Inc (PNPL)

[Slojab]

They must have raised some cash since the beginning of the year when they only had $1,234.

The Sharpe agreement has a term of seven months, with an option to renew for an additional two year term upon mutually agreed terms. The Company will pay Sharpe Company (i) a monthly fee of $5,000 consisting of $2,500 cash and $2,500 options and (ii) commission payments. 50% of the cash fee may be offset against the commission payments. The commission rate shall be 35% of gross receipts collected from "Commissionable License Agreements" collected during the "Commissionable Period." "Commissionable License Agreements" means any license agreements entered into during the term of the Sharpe agreement and one year thereafter if the license agreement was procured by Sharpe during the term of the Sharpe agreement. "Commissionable Period" means the term of the Sharpe agreement and the balance of the term of any Commissionable License Agreement, provided however that the Commissionable Period shall terminate two years following termination of the Sharpe agreement.


http://www.otcmarkets.com/stock/PNPL/news/Pineapple-Express-Enters-into-Strategic-Partnership-with-The-Sharpe-Company-to-Develop-Trademark-Brand-Licensing-Extensions-for-its-THC-reg--Trademark?id=133838&b=y