Friday, January 20, 2023 2:26:10 PM
I see the Pineapple Express(1.0) PNPL, was trading at around $1.50 in December of 2015, shot up to $20 by April and got suspended due to “unusual and unexplained market activity in the company’s stock that raises concerns about the adequacy of publicly-available information regarding the company.”
I suspect the SEC was likely watching it, as one of the original co-founders of 'Pineapple Express' was Vincent Mehdizadeh of Medbox. I remember hearing about Medbox, it was one of the first big cannabis runners back in the day, went from like $1 - $200+, started the whole cannabis stock craze in the early 2010's.
I guess MNAO is essentially Pineapple Express 2.0. Honestly, I'm not sure how that's going to fly, we'll see if FINRA approves the name change, if so then that's a good sign. Could be on a short leash with the SEC, I don't know but I hope it works out.
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