LOS ANGELES, March 27, 2018 (GLOBE NEWSWIRE) — Pineapple Express, Inc. (OTC Grey: PNPL) (the “Company), an innovative company that offers consulting, technology, investments, turn-key property rentals and branding concepts to businesses in the legal cannabis industry, announced today that its Form 10 Registration Statement as filed with the U.S. Securities and Exchange Commission (the “SEC”) has become effective as of March 26, 2018. Following the effective date, the Company will be subject to the reporting requirements of the Exchange Act of 1934, as amended. This means the Company will be begin filing annual reports with the SEC on Form 10-K, quarterly reports on Form 10-Q, periodic reports on Form 8-K and subject itself to additional reporting obligations related to proxies, shareholder actions and stock ownership rules.
The Form 10 filing provides investors detailed and audited information about Pineapple Express’s operations, including an overview of the business strategies, risk factors and financial statements. This additional information will help our investors make a more educated investment decision about the Company. A copy of the Form 10 is available at www.sec.gov under the name of Pineapple Express, Inc. Additionally, the Form 10 can be found on the company’s website at http://pineappleexpress.com/press-releases/pineapple-express-inc-announces-the-filing-of-a-form-10-registration-statement-with-the-sec.
Matthew Feinstein, Chief Executive Officer of the Company, said, “we are very excited to announce that our Form 10 Registration Statement is effective, and we are fully reporting. By taking this important step, we hope to distinguish ourselves in the cannabis industry by prioritizing transparency and accountability. We are also very excited about the billboard campaign we launched this month. The billboards, which were placed in high-traffic areas around Los Angeles, highlight the Company’s canna-business retail opportunities and future product catalog.”