Pineapple Inc (PNPL)

[Slojab]

News from the grey sheets.

http://www.otcmarkets.com/stock/PNPL/news/Pineapple-Express-Completes-Audit-of-its-Consolidated-Financial-Statements-and-Comments-on-Recent-Trading-Suspension?id=133296

Pineapple Express Completes Audit of its Consolidated Financial Statements and Comments on Recent Trading Suspension
PR Newswire

LOS ANGELES, June 2, 2016

LOS ANGELES, June 2, 2016 /PRNewswire/ -- PINEAPPLE EXPRESS, INC. (OTCGrey: 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, is pleased to announce today that RBSM, LLP, its independent audit firm, has completed its audit of the Company's consolidated financial statements for the period from January 29, 2015 (date of inception) to December 31, 2015. The Company's audited financials are available for review on its website at www.pineappleexpress.com.

The Company also announced that trading in its common stock under the symbol PNPL resumed on the OTC Grey Market after a two-week trading suspension that ended on May 12, 2016. "We are committed to operating a fully reporting SEC company and will continue to devote the appropriate resources in order to attain this desirable status, as described in prior announcements and filings. Now that our yearend audit is complete we are excited to move forward with the process of filing a Form 10 registration statement with the SEC," commented CEO Matthew Feinstein.

In other news, the Company announced that it and founder Vincent Mehdizadeh mutually terminated his consulting agreement with the Company effective May 31, 2016. According to Mr. Feinstein, "We determined to terminate the consulting agreement so the Company can limit distractions during this very important period of time. Both the Company and Mehdizadeh are 100% supportive of this decision." The Company also confirmed that the Board of Directors has transitioned Sean Cunningham into a permanent role as Chief Financial Officer prior to the end of his 90 day trial period. Jared Lewis joined the Company in April as Director of Marketing and will report directly to Mr. Feinstein.