Pineapple Express Cannabis Company is a Nevada-based corporation focusing on cannabis brand development, intellectual property licensing, and technology integration in the legal cannabis industry.

# Pineapple Express Cannabis Company Overview

## Business Description
Pineapple Express Cannabis Company (known as PINYA XP) is a Nevada-based corporation operating primarily within the legal cannabis industry. The company focuses on developing cannabis-related business ventures, which include:

- **Brand Development**: Establishing and promoting cannabis brands.
- **Intellectual Property Licensing**: Licensing cannabis-related intellectual property.
- **Technology Integration**: Implementing technology solutions for various cannabis-related operations.

### Recent Developments
As of January 31, 2025, the company had divested its entire equity interest in Pineapple Consolidated, Inc. (PCI), a California-based cannabis retail operator, marking a strategic pivot from retail operations. Subsequently, on March 5, 2025, the company acquired a majority voting interest in GROOVY Company, Inc., a developer of a centralized, blockchain-based Platform as a Service (PaaS) aimed at enhancing transparency, authenticity, and supply chain management in the cannabis industry.

## Financial Performance
### Revenue & Expenses
- **Revenue**: For the fiscal year ended January 31, 2025, the company generated total revenue of **$16,168**. Notably, most of this revenue was deemed uncollectible, leading to a **bad debt expense** of **$14,204**.
- **Operating Expenses**: The operational expenses totaled **$31,153**, which included:
  - General and administrative expenses: **$18,821**
  - Loss on the disposition of PCI: **$14,296**

### Profitability
- **Net Loss**: The company reported a net loss of **$31,153** for the fiscal year ended January 31, 2025.
- **Accumulated Deficit**: The accumulated deficit stood at **$673,646** as of January 31, 2025.

## Workforce
- **Employees**: The company currently has **no employees** as of the date of this report. Its sole officer and director, **Franjose "Frank" Yglesias**, currently manages company operations and has previously been involved in other cannabis ventures.

## Customer Base
- As of January 31, 2025, there are no specific details provided about the number of customers served by Pineapple Express Cannabis Company, as the company had pivoted away from retail cannabis operations.

## Conclusion
Pineapple Express Cannabis Company is undergoing significant changes by transitioning from direct cannabis retail to a focus on technology-driven solutions for the cannabis industry. With a small revenue base and ongoing losses, the company is actively seeking to stabilize its operations, enhance its role within the industry, and pursue growth opportunities through new technological initiatives and partnerships.

Pineapple Express Cannabis Company is a cannabis-focused enterprise in Los Angeles, primarily involved in the legal cannabis retail space and incubating early-stage ventures through its subsidiary.

# Company Overview: Pineapple Express Cannabis Company

## Business Description
Pineapple Express Cannabis Company is a cannabis-focused enterprise based in Los Angeles, California. The company operates through its wholly owned subsidiary, **Ananas Growth Ventures**, which functions as an incubator for early-stage ventures and startups in the cannabis sector, providing support through funding, mentoring, and training.

The company's primary involvement is in the legal cannabis retail space through its 50% equity method investee, **Pineapple Consolidated Inc. (PCI)**. PCI operates "Pineapple Express," a chain of cannabis retail stores and manages various retail cannabis ventures, aiming to become a leading portfolio management company within the U.S. cannabis industry.

## Business Operations
- As of January 31, 2024, PCI has management contracts for **10% revenue sharing with nine entities**, in which it holds equity interests. The breakdown of these entities is as follows:
  - **Van Nuys Dispensary**: 10% interest
  - **Northridge Dispensary**: 29% interest
  - **Hollywood Dispensary**: 10% interest
  - **Northeast LA Dispensary**: 49% interest
  - **Beverly Grove Dispensary**: 24% interest
  - **Mid-Wilshire Dispensary**: 49% interest
  - **Westwood Dispensary**: 19% interest
  - **Woodland Hills Dispensary**: 49% interest
  - **Echo Park Dispensary**: 29% interest

## Financial Overview
The company does not publicly disclose specific revenue and income figures in this document. Details regarding:
- **Number of Customers**: This information is not provided.
- **Number of Employees**: The Company currently has **no employees**. The sole officer and director, Matthew Feinstein, manages company matters as needed and will assess the requirement for additional personnel as operations expand.
- **Revenue and Income**: No specific figures are provided, but the business strategy suggests operating in a volatile market, which may lead to fluctuations in revenue and earnings reliant on product acceptance and economic conditions.

## Summary
Pineapple Express Cannabis Company is strategically positioned in the cannabis retail and services market, with a focus on operational expansion through partnerships and equity investments. The company operates in compliance with state regulations but remains affected by the evolving legal landscape at the federal level regarding cannabis. With a focus on incubating new ventures, Pineapple Express aims for significant growth in a competitive environment while facing regulatory and market-related risks.

PINEAPPLE EXPRESS CANNABIS Co

10-K / May 16, 2025

10-K / June 3, 2024

10-K / May 16, 2025

Pineapple Express Cannabis Company Overview

Business Description

Recent Developments

Financial Performance

Revenue & Expenses

Profitability

Workforce

Customer Base

Conclusion