Pineapple Express Cannabis Co (PNXP)

[Big Brother]

They just released this news 2 days ago. Only a very small handful of companies in OTC history have come back like this after suspension, the most recent being PTZH.

https://www.globenewswire.com/news-release/2023/02/07/2602957/0/en/Pineapple-Inc-PNPL-Demonstrates-Compliance-with-FINRA-211-Process-to-Initiate-Public-Quotations.html

This was the PTZH timeline:

April 2021- Suspended due to 'potentially manipulative transactions in the Company’s Common Stock'

August 2021- The SEC confirmed to the Company’s counsel that it had concluded its investigation of the Company pursuant to the Order, and that the SEC did not intend to recommend any enforcement action.

September 2021- Company and its counsel begin working with a market maker to file a Form 211( Glendale Securities)

Sept/Oct 2021- Company had a Market Maker file a Form 211 on the Company’s behalf so that the Company’s Common Stock may resume its quotation via the OTC Pink Tier.

December 2021- The new Form 211 was cleared by FINRA

April 20, 2022- Resumed normal quotation

October 11, 2022- CE removed

So it took about 10 months after the new Form 211 was cleared by FINRA to get the CE removed and 6 months after normal quotation began. PNPL just went 'Proprietary Quote Eligible' on Feb 6th but they could still have awhile to go to get the CE off, at least based on the PTZH timeframe.

So I think the CE will come off, historically there is not a lot to go by but it SHOULD happen eventually. Question is what's the plan after that...?? Do they merge the two entities, or operate them separately..?? If the CE comes off PNPL, then I don't see the point of a merger really...then again I don't see why they would have acquired another public company either.
MNAO seems like it will have the more valuable assets, so I think I perfer owning these shares....BUT....I might buy PNPL as soon as the CE comes off, or at least bid on it, jic they do merge, or give spinoff shares of MNAO or something. I regretted not buying the first available shares of PTZH, as soon as the CE came off.

I really no idea what the full plan is but whatever it is, is interesting to me, seems like there are a lot of wheels turning behind the scenes right now.