Pineapple Express Cannabis Co (PNXP)

[Big Brother]

More I think about it, might not be a good idea to merge with PNPL. While it would eliminate the confusion of having two public 'Pineapple Express' companies, it does not really bring anything to MNAO other than the shareholders (ie dilution) as it looks like the valuable assets have either been sold and/or moved into the holding company.

So you would really just be bringing in baggage, if the merger was even allowed by the regulators with the CE on PNPL anyway. Also, connecting the two companies, could result in OTCM adding a CE to MNAO, so why risk it. Would suck for the PNPL shareholders but that's the way it goes sometimes, I've been there in a similar situation. I would just file a Form 15 in PNPL and be done with it, safer they way, as the CE does not look like its coming off.

On January 2, 2023, Pineapple, Inc. entered into an agreement to sell its 45.17% ownership of Pineapple Ventures, Inc. (“PVI”) to Jaime Ortega, in exchange for the forgiveness of all indebtedness to both PVI and Neu-Ventures, Inc. (“NVI”), entities that are both 100% owned by Ortega. Adjustments will be made accordingly in subsequent periods’ financial statements to reflect the sale.