Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Absolutely, hoping for next week
They have always talked about it from day one. Who knows when, I know it’s there goal
Looking for 70’s today
100k bid .63
Independent directors added usually means higher exchange is a target. They have always mentioned NASDAQ
Huge and positive news!!
40,665 float!
Market Cap Market Cap
2,704,449
11/13/2023
Authorized Shares
25,000,000
11/03/2023
Outstanding Shares
2,458,590
11/03/2023
Restricted
2,405,218
11/03/2023
Unrestricted
53,372
11/03/2023
Held at DTC
40,665
11/03/2023
Weird that that huge lot on the ask disappeared
I absolutely agree!!!
Arax Holdings Corp. (Ticker: ARAT), the innovative public company at the forefront of developing software solutions in the fintech industry, has integrated the revolutionary Payto protocol into all its products, namely Wall Money, Ping Exchange, Core Pay, and Core Token. Apart from using this revolutionary technology for the remittance, transfer, and exchange of digital assets, FIAT, and even cash, the protocol has been implemented and integrated with Google Chrome and its Chromium Ecosystem as a recognized standard.
Rastislav Vašicka, the CTO of Arax Holdings Corp., emphasizes the Company's vision, stating, "ARAX envisions a world where individuals are empowered, living in a society that supports autonomy through cutting-edge technology." This is the basis upon which ARAX's ecosystem is built, leveraging the Payto protocol, a vital component in modern financial transactions.
RFC 8905 describes the Payto protocol, which represents a big change in the way payments are processed, creating a universal URI scheme for payment targets. This ingenuity fosters interoperability across a myriad of payment systems, streamlining the user experience and catalyzing the adoption of novel payment infrastructures.
Within the protocol's framework, users can execute a diverse range of transactions, from blockchain-based digital asset transfers to traditional banking operations such as IBAN, ACH, UPI, and BIC transfers, alongside cash transactions. This versatility is a testament to the protocol's robust and forward-thinking design.
Distinct features of the Payto protocol include:
- Digital and FIAT Asset Transfers: A seamless blend of the digital and traditional, facilitating agile and secure asset movement
- FIAT Exchange Rates for Digital Assets: Providing instructions for real-time conversion rates in-app, ensuring transparency and efficiency in transactions
- Recurring Payments: Automating recurring transactions beneficial for both businesses and individuals,
- Payment Expiration: Introducing time-based control over payment validity, enhancing security
- Payment and Donation Buttons: Simplifying the act of giving with one-click solutions
- Extensive Integrations: A wide array of compatible applications and services broadening the protocol’s reach
Read the full description in the technical paper and RFC 8905 specification.
Each of ARAX's flagship products stands as a testament to the company's commitment to this standard:
- Ping Exchange: This hybrid digital asset exchange utilizes the Payto protocol for streamlined on/off-ramping of digital assets and seamless payment instructions.
- Wall Money: A wealth management and lifestyle platform that adopts the Payto protocol in transaction processing to minimize fees and achieve instantaneous results.
- Core Pay: This payment gateway employs the Payto protocol to generate payment links for all transfer types, enhancing the user experience.
- Core Token: The Payto protocol enhances the Core Token platform, providing instant, one-click transfers across the Core Blockchain network with FIAT rates in major currencies.
To engage with ARAX’s fintech software solution offering, users are directed to the Payto.money website, which assists in generating payment and donation buttons without the need to write any code, ensuring compatibility across ARAX's product range.
In an era where technology and finance converge, the Payto protocol stands as a model of innovation, offered free of charge, reshaping societal payment norms and advancing the fintech ecosystem.
“The Payto protocol, a cornerstone of Arax Holdings Corp.'s fintech innovation, is revolutionizing the financial ecosystem. Its ingenious design fosters unprecedented interoperability across diverse payment systems, enhancing the user experience and paving the way for novel technologies. This free yet invaluable tool is not merely about individual gain; it's a commitment to societal advancement, empowering seamless, inclusive, and efficient financial interactions worldwide, leading to the growth and adoption of the entire ecosystem, ultimately leading to revenue growth for ARAX.”
— Ockert Loubser, Arax Holdings Corp COO
The protocol's adoption by industry giants like Google Chrome illustrates its significance and potential. This integration by a titan of technology marks a milestone in the protocol's journey towards ubiquitous acceptance.
As a pioneer in embracing and deploying cutting-edge technologies, ARAX Holdings Corp. is not just participating in the fintech evolution; it is actively steering it, placing the power squarely in the hands of the individual, enabling them to dictate the course of their financial future.
About Arax Holdings Corp:
Arax Holdings Corp., with its diverse product suite, is revolutionizing the fintech landscape. By adopting and integrating the latest technological advances, ARAX is redefining the financial sector, offering solutions that cater to a rapidly changing world.
Spin off approved! Giddy up
Every milestone brings another challenge, step by step is how one moves forward and perseverance is what brings results. Its the last step for us before the release of this unique platform!
https://twitter.com/i/redirect?url=https%3A%2F%2Ftwitter.com%2FOckertLoubser%2Fstatus%2F1721936766511268181%3Fcxt%3DHBwWqoW22bWXxuUvAAAA%26cn%3DZmxleGlibGVfcmVjcw%253D%253D%26refsrc%3Demail&t=1+1699432440112&cn=ZmxleGlibGVfcmVjcw%3D%3D&sig=cf7b48ecbc08c0e2440c41e74acc0c6efa973e7f&iid=39214e40857140f99f5035339882991c&uid=1458123865415061504&nid=244+272699393
I ment to say 82k, float was increased by 82k
Looks like CSTI got those 52k shares
💸Arax Holdings Corp. is proud to announce the integration of the Payto protocol in Google Chrome and its Chromium Ecosystem as a recognized standard.
🌐Arax Medium
https://medium.com/@AraxCorp/arax-holdings-corp-takes-an-important-step-in-fintech-with-revolutionary-payment-protocol-9fb25048d78f
🌐Arax News
https://arax.cc/news/fintech-protocol/
🌐EIN Presswire
https://www.einpresswire.com/article/666856980/arax-holdings-corp-takes-an-important-step-in-fintech-with-revolutionary-payment-protocol
Arax Holdings Corp Takes an Important Step in Fintech with Revolutionary Payment Protocol
ARAX Holdings Corp.
ARAX Holdings
Arax Holdings Corp. (Ticker: ARAT), the innovative public company at the forefront of developing software solutions in the fintech industry, has integrated the revolutionary Payto protocol into all its products, namely Wall Money, Ping Exchange, Core Pay, and Core Token. Apart from using this revolutionary technology for the remittance, transfer, and exchange of digital assets, FIAT, and even cash, the protocol has been implemented and integrated with Google Chrome and its Chromium Ecosystem as a recognized standard.
Rastislav Vašicka, the CTO of Arax Holdings Corp., emphasizes the Company’s vision, stating: “ARAX envisions a world where individuals are empowered, living in a society that supports autonomy through cutting-edge technology.” This is the basis upon which ARAX’s ecosystem is built, leveraging the Payto protocol, a vital component in modern financial transactions.
RFC 8905 describes the Payto protocol, which represents a big change in the way payments are processed, creating a universal URI scheme for payment targets. This ingenuity fosters interoperability across a myriad of payment systems, streamlining the user experience and catalyzing the adoption of novel payment infrastructures.
Within the protocol’s framework, users can execute a diverse range of transactions, from blockchain-based digital asset transfers to traditional banking operations such as IBAN, ACH, UPI, and BIC transfers, alongside cash transactions. This versatility is a testament to the protocol’s robust and forward-thinking design.
Distinct features of the Payto protocol include:
- Digital and FIAT Asset Transfers: A seamless blend of the digital and traditional, facilitating agile and secure asset movement
- FIAT Exchange Rates for Digital Assets: Providing instructions for real-time conversion rates in-app, ensuring transparency and efficiency in transactions
- Recurring Payments: Automating recurring transactions beneficial for both businesses and individuals,
- Payment Expiration: Introducing time-based control over payment validity, enhancing security
- Payment and Donation Buttons: Simplifying the act of giving with one-click solutions
- Extensive Integrations: A wide array of compatible applications and services broadening the protocol’s reach
Read the full description in the technical paper and RFC 8905 specification.
Each of ARAX’s flagship products stands as a testament to the company’s commitment to this standard:
- Ping Exchange: This hybrid digital asset exchange utilizes the Payto protocol for streamlined on/off-ramping of digital assets and seamless payment instructions.
- Wall Money: A wealth management and lifestyle platform that adopts the Payto protocol in transaction processing to minimize fees and achieve instantaneous results.
- Core Pay: This payment gateway employs the Payto protocol to generate payment links for all transfer types, enhancing the user experience.
- Core Token: The Payto protocol enhances the Core Token platform, providing instant, one-click transfers across the Core Blockchain network with FIAT rates in major currencies.
To engage with ARAX’s fintech software solution offering, users are directed to the Payto.money website, which assists in generating payment and donation buttons without the need to write any code, ensuring compatibility across ARAX’s product range.
In an era where technology and finance converge, the Payto protocol stands as a model of innovation, offered free of charge, reshaping societal payment norms and advancing the fintech ecosystem.
“The Payto protocol, a cornerstone of Arax Holdings Corp.’s fintech innovation, is revolutionizing the financial ecosystem. Its ingenious design fosters unprecedented interoperability across diverse payment systems, enhancing the user experience and paving the way for novel technologies. This free yet invaluable tool is not merely about individual gain; it’s a commitment to societal advancement, empowering seamless, inclusive, and efficient financial interactions worldwide, leading to the growth and adoption of the entire ecosystem, ultimately leading to revenue growth for ARAX.”
— Ockert Loubser, Arax Holdings Corp COO
The protocol’s adoption by industry giants like Google Chrome illustrates its significance and potential. This integration by a titan of technology marks a milestone in the protocol’s journey towards ubiquitous acceptance.
As a pioneer in embracing and deploying cutting-edge technologies, ARAX Holdings Corp. is not just participating in the fintech evolution; it is actively steering it, placing the power squarely in the hands of the individual, enabling them to dictate the course of their financial future.
About Arax Holdings Corp:
Arax Holdings Corp., with its diverse product suite, is revolutionizing the fintech landscape. By adopting and integrating the latest technological advances, ARAX is redefining the financial sector, offering solutions that cater to a rapidly changing world.
For more information about Arax Holdings Corp. and its ventures, please, visit the official website: arax.cc.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Certain statements contained in this report may be construed as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). All statements that are not historical facts are “forward-looking statements.” The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe harbor” provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. Investors should consider this cautionary statement and furthermore, no assurance can be made that the transaction described in this Report will be consummated. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Investor@arax.cc
Arax Holdings Corp
+1 850–254–1161
investor@arax.cc
Visit us on social media:
Twitter
LinkedIn
20,000 float!!
Share Structure
Market Cap Market Cap
9,433,125
11/06/2023
Authorized Shares
75,000,000
10/09/2023
Outstanding Shares
4,192,500
10/09/2023
Restricted
3,000,000
10/09/2023
Unrestricted
1,192,500
10/09/2023
Held at DTC
20,000
10/09/2023
CorePass Release Report ? French Encryption Declaration
CorePass
CorePass
·
Follow
4 min read
·
Just now
In light of the recent advancement in the CorePass ID application’s development and its minor delay attributable to compliance with United States Data Export Laws, the iOS Store has formally requested an additional declaration pertaining to the jurisdiction of France due to a change in the IOS stores policies that came into effect within the past five months.
This update will shed light on the outcome of the questionnaire regarding the US Data Export Laws, outline the specific requirements set by the French government, and clarify the subsequent steps to be taken as we move forward.
We will also dabble in the company testing of CorePass ID and Ping Exchange.
US Data Export Laws Status
As of this moment, the legal team has successfully crafted and submitted the required document to Apple and the iOS Store, detailing the encryption of the application and its user data management as compliant with the United States Data Export Laws.
We have also already received word of their final decision. The application has officially received the green light from the US iOS Store, where the Apple company is based.
In the wake of this astonishing news, however, comes one final tribulation for the CorePass ID app in the form of the French government regulations that detail encryption import laws into the country that CorePass ID also needs to pass.
French Encryption Declaration Approval Form
As CorePass ID has officially become approved on iOS in the United States, the next step for the application is to ensure its compliance with the data import laws of the rest of the world’s countries, out of which there is one that demands further scrutiny.
Applications meeting the criteria of imported encrypted software in France are mandated to adhere to French Encryption Laws and Regulations, should you intend to distribute your application in France and its affiliated nations and EU regulations.
This requirement is applicable to applications that utilize, access, integrate, or incorporate:
Any encryption algorithm that remains unstandardized by international standardization bodies like IEEE, IETF, ISO, ITU, ETSI, 3GPP, TIA, etc., or is not otherwise published.
Standard encryption algorithms (e.g., AES, DES, 3DES, RSA) in lieu of or in conjunction with the utilization of encryption in iOS and/or Mac OS X.
Upon the submission of an application to the App Store, Apple will necessitate the provision of a copy of the approved French declaration as we have stipulated a worldwide distribution in all jurisdictions.
This entails that our legal team will further have to provide one additional official declaration form to the French government and all supporting documentation.
At the moment, we are occupied with the process of translating the form from the French language so that our legal team can fully comprehend its details, as well as craft a document to provide to the French government electronically and physically, likewise, translated into French. We then need to wait for the physical approval with an official document of the approval from the French government and only then can we submit it to the Apple store.
Finishing this process will present the final step in the journey of the CorePass ID application. Should the procedure surpass the final steps we are taking for the release, CorePass ID will be released around the world with an initial temporary exception of the French market. This exception shall be appropriated at a later date if the conditions develop.
Our main objective at the moment, however, is to pursue the release of the application worldwide, with no exceptions.
Status of Company Testing
The additional requirement of filling out the compliance forms for the US market has halted the company testing of CorePass ID for several days due to the testing version of the application being made unavailable during the process.
With the Apple company granting the green light for the test version of the application again, we are now able to resume the test and proceed into its final stages.
We will inform you of the results of the testing once we have tangible data on the process.
The Final Lap
With the French encryption laws being the very last regulation requirement for the CorePass ID application, we can claim that the app is almost ready to be released.
Should no serious issues arise during the final testing phase, we will be ready to push the application and the exchange into the live environment ? a feat we are awaiting with tremendous excitement.
Past experience has taught us not to predict dates before they are set in stone. Therefore, even if we could, we will not provide a projected release date, in order to avoid breaking promises, should unforeseen circumstances arise yet again.
In the meantime, we can reveal that the CEO Ockert Loubser is setting up some exciting arrangements in his office that will bring him closer to the community on a regular basis. While we will not tell you what he is planning just yet, we are looking forward to seeing this project come to fruition.
Once again, we would like to thank you for keeping up with our updates and for your support. We will be back with further updates shortly, and, before you know it, the application itself.
Great post! Gave you a follow. Thanks
Yes that’s for sure, I’m looking for the launch, clientele list, and up list to absorb all
Exactly, I am long here, looking forward to up list next year. Looking forward to the official launch and seeing who there clients are
💸Payto.money is proud to present some new ICAN functions for you:
➖Blockchain payments with FIAT currencies
??Transactions expiration
??Recurring payments (Also available for IBAN)
✅And an additional new design for Payment and Donation Buttons.
➡️ https://payto.money/
BREA, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today shares an open letter to shareholders from CEO David Michery, providing updates on various matters and Company initiatives.
Dear Shareholders:
We have achieved meaningful strides since our last update to shareholders on Sept. 27, 2023.
Recent Company highlights include:
Start of manufacturing commenced on Nov. 1, 2023, at the Tunica Assembly plant for Class 1 cargo vans. The Environmental Protection Agency (“EPA”) has notified Mullen that its Certificate of Conformity can be expected to arrive by Friday, Nov. 3, 2023. We expect to meet our previously announced targets of 300 cargo vans delivered during calendar 2023 and 6,000 cargo vans delivered in calendar 2024.
On Oct. 26, 2023, Mullen Automotive was granted permission by the Nasdaq Hearings Panel to continue its listing on The Nasdaq Capital Market. This is contingent on meeting the following conditions:
On or before Jan. 22, 2024, the Company’s stock maintains a closing bid price of $1 per share for 20 consecutive trading days. The Company intends to continue to implement its business plan to regain and maintain compliance with Nasdaq’s $1 minimum bid price and will only effectuate a reverse stock split if required to remain listed on Nasdaq.
By Mar. 8, 2024, the Company must hold an annual shareholder meeting that satisfies Nasdaq Listing Rule 5620(a), allowing stockholders to discuss Company affairs with management. This is necessary, as the previous meeting held on Aug. 3, 2023, did not meet the required criteria. To achieve compliance, Mullen plans to hold a combined 2023 and 2024 annual meeting.
On Oct. 9, 2023, we appointed Marianne McInerney as Chief Strategy Officer. McInerney, with nearly two decades of experience in the automotive and transportation industry, will focus on growth opportunities and strategic initiatives for Mullen’s commercial and consumer vehicles, as well as governmental affairs.
As mentioned in late September, the Company received federal EPA certification on Sept. 22, 2023, for the Class 3 vehicle, and IRS approval as a "qualified manufacturer" on Sept. 14, 2023, making Mullen’s Class 3 vehicles eligible for up to $7,500 in federal EV tax credits.
On Oct. 23, 2023, Mullen provided an update on a lawsuit filed on Aug. 29, 2023, in the Southern District of New York against TD Ameritrade, Charles Schwab, National Finance Services and others. The lawsuit alleges stock manipulation and unlawful stock trading practices. The legal action seeks compensatory damages and injunctive relief for violations of Section 10b and Rule 10b-5 under the Securities Exchange Act of 1934. Mullen's legal representatives express optimism about exposing the alleged wrongful conduct of the defendants and seek to protect the rights of Mullen and its shareholders. The Company is determined to pursue all available remedies to safeguard its interests and those of its shareholders.
Mullen Automotive filed a preliminary proxy statement on Oct. 19, 2023, with the SEC for a special stockholders' meeting on Dec. 15, 2023, to authorize a potential reverse stock split of its common stock (1-for-2 to 1-for-100) to maintain a share price of at least $1. The Board will decide the final split ratio after stockholder approval, with the option to abandon, delay or postpone the reverse stock split. It will not affect stockholders' ownership or voting power, except for fractional share conversion. The completion of the reverse stock split is subject to market conditions and stockholder approval, with no guarantees of the intended effects. The Board can choose not to proceed if it's no longer in the Company's or stockholders' best interests.
As of Oct. 31, 2023, Mullen has repurchased 5.7 million shares of its common stock as part of our $25 million buyback program which began on Aug. 16, 2023, and is authorized through Dec. 31, 2023. Currently, Mullen is in a black-out period until one full trading day after filing our 10K which is expected to be filed on or before Dec. 29, 2023. Mullen plans to extend the buyback program for an additional six months.
On Sept. 28, 2023, Mullen announced the delivery of the first 10 Class 3 EV Cab Chassis Trucks to Randy Marion Automotive Group. These 10 vehicles are part of a purchase order for 1,000 Class 3 vehicles, valued at $63 million, originally placed in May 2023. An additional 140 units are planned for delivery by the end of 2023, with the remaining 850 vehicles expected to be delivered throughout 2024.
Over the past few months, the Company has reached critical milestones towards accomplishing our ultimate goal to be a leader in the EV industry. We remain steadfastly dedicated to our employees, stakeholders and customers during this journey and thank you for your continued support of Mullen.
Sincerely,
David Michery, CEO
FLOAT 25K!!!
Market Cap Market Cap
50,861,375
11/01/2023
Authorized Shares
75,000,000
10/30/2023
Outstanding Shares
20,344,550
10/30/2023
Restricted
19,410,000
10/30/2023
Unrestricted
934,550
10/30/2023
Held at DTC
25,000
10/30/2023
Assets are moving into PNXP fast now!! Loving the move and the speed
Pineapple Express Cannabis Company to Launch 9 Additional Dispensaries in Metro Los Angeles to Accompany Pineapple Express Hollywood Flagship
Mentioned: PNPL PNXP
GlobeNewswireNovember 02, 2023
Company's 50% owned asset signs agreements to manage 9 additional dispensaries in metro Los Angeles; Company holds equity in all
LOS ANGELES, CA, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Pineapple Express Cannabis Company (OTC: PNXP) (the "Company" or "Pineapple Express"), a publicly traded company, today announced the licensing, leasehold, and development of 9 additional retail dispensary locations throughout Los Angeles to supplement its flagship Pineapple Express Hollywood location. The Company shall partially own the dispensary assets while the Company's 50% owned asset, Pineapple Consolidated Inc., has been contracted to manage said dispensaries.
Pineapple Express confirmed the names and locations of the dispensaries as follows:
PINEAPPLE EXPRESS ECHO PARK (1485 W Sunset Blvd., Los Angeles)
PINEAPPLE EXPRESS VENTURA (19841 Ventura Blvd., Woodland Hills)
PINEAPPLE EXPRESS WESTWOOD (2378 Westwood Blvd., Los Angeles)
PINEAPPLE EXPRESS LA BREA (467 S. La Brea Ave., Los Angeles)
PINEAPPLE EXPRESS BEVERLY GROVE (8342 W. 3rd Street, Los Angeles)
PINEAPPLE EXPRESS HIGHLAND PARK (Highland Park, Los Angeles)
PINEAPPLE EXPRESS NORTHRIDGE (8912 Reseda Blvd., Northridge)
PINEAPPLE EXPRESS LAKE BALBOA (7542 Balboa Blvd., Van Nuys)
PINEAPPLE EXPRESS VENICE (8707 Venice Blvd. Los Angeles)
"This is a huge undertaking by Pineapple Express to have ten operational stores in Los Angeles. Once all ten stores are operational, we believe that would make us the largest retail brand in Southern California," stated Matthew Feinstein, chairman and CEO of Pineapple Express Cannabis Company.
About Pineapple Express Cannabis Company
Pineapple Express Cannabis Company. (the "Company" or "Pineapple Express") is based in Los Angeles, California. The Company's operating subsidiary, Ananas Growth Ventures, serves as an incubator, helping early-stage ventures and startups in the cannabis sector through funding, mentoring, and training. The Company is engaged in legal cannabis retail under the brand name of Pineapple Express though its 50% owned asset, Pineapple Consolidated Inc. (pineappleconsolidated.com) which owns and manages retail cannabis ventures under the Pineapple Express name and via www.PineappleExpress.com. Pineapple Consolidated seeks to become the leading portfolio management company in the U.S. cannabis industry. With its headquarters in Los Angeles, California, Pineapple Express is rapidly increasing its footprint throughout the state and looking to scale into underdeveloped markets.
The Company works closely with another public company, Pineapple, Inc. (OTC: PNPL), which procures and leases properties to licensed cannabis operators, provides nationwide hemp-derived CBD sales via online and in-store transactions, and offers cannabis business licensing and consulting services.
ARAT on the move
Ok well we just touched 1.95, now I’m hoping for a 1.75 close, love to see the bid above 1.50
Love a close in the 1.40’s
The CIP platform has undergone a significant update, bringing an improved environment for authors and their proposed technical documents, as well as a better interface for those interested in learning more about the Core Blockchain.
🟢➡️https://cip.coreblockchain.net/
Company’s 50% owned asset signs management deal and brands dispensary ‘Pineapple Express Hollywood’
LOS ANGELES, CA, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Pineapple Express Cannabis Company. (OTC: PNXP) (the “Company”), a publicly traded company, today announced that it has commenced management and operations of its flagship dispensary location at the famed corner of Hollywood & Vine on the Hollywood Walk of Fame. The Company confirmed the exact location for Pineapple Express Hollywood as 1708 Vine Street, Hollywood, Ca.
“We are delighted to launch our first store under our Pineapple Express brand at the iconic intersection of Hollywood and Vine street just steps away from Capitol Records," stated Matthew Feinstein, chairman and CEO of Pineapple Express Cannabis Company. “This is the first of 10 stores that our Company’s 50% owned asset, Pineapple Consolidated Inc., has successfully achieved licensing for and is building out in metro Los Angeles. We are excited for our upcoming announcements regarding rolling out our development roadmap and retail footprint throughout Los Angeles.”
About Pineapple Express Cannabis Company
Pineapple Express Cannabis Company. (the “Company” or “Pineapple Express”) is based in Los Angeles, California. The Company’s operating subsidiary, Ananas Growth Ventures, serves as an incubator, helping early-stage ventures and startups in the cannabis sector through funding, mentoring, and training. The Company is engaged in legal cannabis retail under the brand name of Pineapple Express though its 50% owned asset, Pineapple Consolidated Inc. (pineappleconsolidated.com) which owns and manages retail cannabis ventures under the Pineapple Express name and via www.PineappleExpress.com. Pineapple Consolidated seeks to become the leading portfolio management company in the U.S. cannabis industry. With its headquarters in Los Angeles, California, Pineapple Express is rapidly increasing its footprint throughout the state and looking to scale into underdeveloped markets.
The Company works closely with another public company, Pineapple, Inc. (OTC: PNPL), which procures and leases properties to licensed cannabis operators, provides nationwide hemp-derived CBD sales via online and in-store transactions, and offers cannabis business licensing and consulting services.
Company seeks to raise $5 million from accredited investors interested in diversifying their investments in the emerging cannabis industry
LOS ANGELES, CA, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Pineapple Express Cannabis Company. (OTC: PNXP) (the “Company”), a publicly traded company, today announced that it is commencing an offering of up to 5 million shares of its common stock (the “Shares”) at $1 per Share for an aggregate offering amount of $5 million. The Shares will be offered to accredited investors pursuant to Regulation D, Rule 506(c) under the Securities Act of 1933, as amended (the "Securities Act"). As general solicitation is permitted under Rule 506(c) offerings, purchasers must be meet verification requirements for validation of their "accredited investor" status.
The Shares have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements, and will comprise restricted securities as that term is defined in Rule 144 of the Securities Act. The Shares may not be offered or sold by the Company in any state in which such offer or sale is prohibited. The resale of the shares by purchasers shall also be governed by Rule 144 which the Company expects would allow the public resale of the shares no earlier than a period of 6 months after purchasing direct from the Company.
The purpose of this offering is to secure funds that will be directly used in the Company's expansion plan of launching 10 fully licensed retail cannabis dispensaries in the metro Los Angeles area and for general corporate purposes.
“We have a tremendous footprint of legal and licensed cannabis retail locations that are already leased and are undergoing interior renovations to commence operations," said Matthew Feinstein, chairman and CEO of Pineapple Express Cannabis Company. “We have received strong support in our financing activities thus far, and we are looking forward to significant growth of the company’s revenues and assets by taking advantage of this fast-growing sector.”
This press release is neither an offer to sell nor the solicitation of an offer to buy the Shares or any other securities, and no offer, solicitation or sale will be made in any jurisdiction in which, or to any persons to whom, such an offer, solicitation or sale is unlawful. Any offers of the Shares will be made only by means of a private offering memorandum or other agreement between the Company and the investors. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
For additional information about Pineapple Express Cannabis Company and to request our 506(c) offering materials, please contact 888-245-5703 or email investors@pineappleconsolidated.com for more information.
Below find further information on the current state of the CorePass ID approval on iOS.
With CorePass ID being a first-of-its-kind application and a pioneer in decentralized digital identity, the iOS store has been taking proper reasonable caution in exacting their due diligence. The management has, therefore, been asked to provide additional compliance details related to encryption, data, and software.
This development has been prompted by the US export law regulation that focuses on app distribution outside of the US or Canada and requires a strict analysis of our cryptography.
As Apple currently resides in the United States, their adherence to the country’s regulatory measures is a matter of great importance. Therefore, any application submitted in their online store becomes subject to following the United States’ laws of export, regardless of the publisher’s current residency.
According to the official compliance guide on the Apple developer website, any encryption within an application is regarded as encryption software export, further also stating:
“If your app uses, accesses, contains, implements, or incorporates encryption, this is considered an export of encryption software, which means your app is subject to U.S. export compliance requirements, as well as the import compliance requirements of the countries where you distribute your app.”
Aligning with the above-discussed law, we have been asked to provide “the app’s use of encryption” and define what kind of cryptography appears in the application’s infrastructure.
Our legal team has come to great lengths to define this encryption across the regulations, which has been a meticulous task, as defining the exact category that will befit the listed US regulatory categories is a cumbersome venture.
The cryptography in question can be organized as follows:
▪️ Standard encryption methods
▪️ Crypto features within Apple’s system
▪️ Non-standard encryption algorithms
Non-standard cryptography involves unique or unpublished encryption functions not recognized by international standards bodies. It’s the publisher’s responsibility to review the Export Administration Regulation to see if their app needs a formal classification (CCATS) from BIS.
The main concern in this matter is the user’s data in the application and its protection within the said cryptography. While we are certain that the safety of information is ironclad, the notion of no external database on the platform is rather unfamiliar and non-standard in the developers’ terms. The user’s data, in this case, is stored on their device, and only provided to any third party solely upon their accord.
Therefore, a carefully crafted document has yet to be provided to the iOS store detailing the inner workings of the decentralized peer-to-peer system based on Core Blockchain, ensuring smooth cooperation of both parties with the regulatory authorities, which aligns with everyone’s common interest.
A Beneficial Examination
The CorePass ID is currently undergoing intensive scrutiny by the Apple company. As both parties hold dear the values of compliance and clearly defined laws and regulations, this scrupulous examination shall prove beneficial on all fronts.
In sight of a higher perspective and forward-thinking, this detailed analysis shall prove fruitful for both the iOS store and Core as we navigate through the uncharted waters of decentralized digital identity management.
We greatly appreciate Apple’s advances in ensuring the vigilant security and compliance of the application, even if it presents an additional step in the process. However, we believe in its positive effects in the long run.
Again, we would like to thank you for standing at the forefront of the technology of tomorrow with us.
Exactly!! Great post.
39k bought 13k sold
https://ih.advfn.com/stock-market/USOTC/arax-pk-ARAT/trades
39 followers
Like what I’m seeing, 1.19 came on the ask and was taken out quickly, 3,800 in one block
For sure!!
JEEEEZZZZ 4.00 up
1.50 LEAVING!!!!