PINEAPPLE EXPRESS CANNABIS Co (OTC: PNXP)

Pineapple Express Cannabis Co is a Nevada corporation focused on strategic investments, advisory services, and direct operations in the legal cannabis and consumer product industries. The company is based in Los Angeles, California, and has been repositioning its business model to include identifying and developing early-stage companies in these sectors, providing both capital and operational guidance. Pineapple Express Cannabis Co has recently shifted its focus towards technology and consumer-facing ventures, particularly through its acquisition of a majority interest in GROOVY Company, Inc., a blockchain-based Platform as a Service (PaaS) developer tailored for the cannabis industry.

The company generates revenue through its investments and advisory services, as well as through the operations of its subsidiaries and affiliates. Until January 2025, a significant portion of its revenue came from its 50% equity interest in Pineapple Consolidated Inc. (PCI), a California-based cannabis retail operator. However, the company divested its entire equity interest in PCI on January 30, 2025. Subsequent to the fiscal year, the company completed the acquisition of a majority voting interest in GROOVY Company, Inc., which is expected to become a key revenue driver. The primary customer base for Pineapple Express Cannabis Co includes early-stage companies in the cannabis and consumer product industries, as well as investors seeking strategic investments in these sectors.

• Cannabis Retail Operations: Until January 2025, Pineapple Express Cannabis Co indirectly participated in the ownership and management of retail dispensary operations and related cannabis ventures through its affiliation with PCI. PCI operated through multiple subsidiaries and affiliates in the legal cannabis sector, primarily in California. This segment catered to the cannabis retail market, providing products and services to consumers in compliance with state regulations.

• Blockchain Technology: With the acquisition of a majority interest in GROOVY Company, Inc., Pineapple Express Cannabis Co has entered the blockchain-driven authentication and supply chain transparency sector. GROOVY's platform, built on Hyperledger Fabric, offers product authentication, intellectual property protection, and seed-to-sale traceability solutions tailored for the cannabis industry. This segment caters to the growing demand for compliance technology and Web3 infrastructure in the regulated cannabis sector.

Pineapple Express Cannabis Co operates in a highly competitive industry, with key competitors including other cannabis-focused investment companies, retail operators, and technology providers. The company's competitive advantages include its strategic investments in early-stage companies, operational guidance, and the recent acquisition of GROOVY Company, Inc., which positions it at the intersection of cannabis, compliance technology, and Web3 infrastructure. The company's ability to adapt to the evolving regulatory landscape and its focus on technology-driven solutions provide a competitive edge in the market.

The general customer base for Pineapple Express Cannabis Co includes early-stage companies in the cannabis and consumer product industries, as well as investors seeking strategic investments in these sectors. The company's recent shift towards technology and consumer-facing ventures is expected to attract a broader range of customers, including those in the compliance technology and Web3 infrastructure markets. As the company continues to evolve, it is likely to target customers who are seeking innovative solutions in the regulated cannabis sector.