Pineapple Inc (PNPL)

[penknee]

I was going to drive by Pineapple Town to take some pics since I was going right by it, but it looks like they moved. The city of Adelanto is encouraging growers to move there. Real estate prices have gone though the roof. iirc didn't they own the land at Pineapple Town?


Pineapple Park Development Project - Landlord/Tenant Relationships in Adelanto, CA
Pineapple Express refocused its real property procurement and leasing initiatives by locating a more cost effective approach in Adelanto, CA instead of Desert Hot Springs, CA. In relocating its “Pineapple Park” development to Adelanto, the Company has saved tens of millions of dollars in development costs associated with purchasing real estate and erecting buildings to lease to the Company’s clientele tenants. Instead the Company has decided to lease an existing 100,000+ SF building in Adelanto that is pre-authorized for cultivation & manufacturing, obtain the requisite permits, build out the spaces, and sublease those spaces at a premium to the Company’s clientele tenants. The Company expects to finalize details on this development project within Q3 2017.

http://pineappleexpress.com/portfolio