Pineapple Inc (PNPL)

[tigerpac]

This a joke company. Feinstein used to be partners with the guy who ran the scam at Notis (NGBL) formerly Medbox. In fact, it appears he has co-oped the Top Shelf system that never got installed anywhere except for the one that was allegedly found in a gas station garage.

According to their most recent 10-K filing they have zero revenue despite the claim that they are earning a 10% management (% of gross revenue) from five different dispensaries in the Los Angeles area.

Pineapple has also lost 11 out of 11 court cases against them. Not a good percentage.

A lot of things seem to be off-balance sheet at this time. Tons of related party stuff of which Ortega and his companies control PNPL. I'd imagine PNPL would issue tons of shares if they could find a market for the stock.

http://archive.fast-edgar.com/20220518/AE2EL22CZC2RP2ND222C2WY2I6GJZZ22Z242/form10-ka.htm

Just be aware of this if you think about investing here.