Hits the balance sheet as an asset.
It's nothing substantial at the moment, but delivery companies are pushing some interesting valuations.
Not too long ago I posted an article about eaze, a California delivery company. They were doing a capital raise valuing the company close to $1B. They are calling themselves a delivery leader in CA.
Pineapple Express is slowly positioning themselves as a Canadian delivery leader.
Not worth $1B now, but if we're using market comps to justify a valuation....Pineapple could easily push a pretty impressive valuation in time.
They're doing a great job with expansion and growth.
LPs, retailers, shopify and many more using pineapple express as a preferred delivery partner. Their consistently adding new partners on a weekly basis.
Namaste owns 50% of pineapple.
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