PINEAPPLE, INC. (PNPL)
Serving the cannabis industry, Pineapple, Inc. functions as a portfolio management firm. Its extensive asset portfolio encompasses a range of offerings, including operational guidance, technological support, intellectual property rights, and real estate rentals tailored for cannabis enterprises. The company also maintains equity investments in both retail and manufacturing segments of the cannabis market. Beyond these, Pineapple extends financing to its cannabis-focused clients, manages property leases for them, and delivers consulting services and technological expertise to facilitate the growth, enhancement, or establishment of new and existing business structures. Established in 1983, the firm's main offices are located in Los Angeles, California.
Sector: Services-Management Consulting Services
Industry: Medical - Pharmaceuticals
Pineapple, Inc.
OTC:PNPLHealthcare · Medical - Pharmaceuticals
Mkt Cap$37K
Float32.74M
O/S73.1M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$420K
Net Income-$1.41M
Total Assets$9.31M
Free Cash Flow-$118K
Debt & Equity
Debt 163%
Total Debt$8.02M
Total Equity-$3.11M
Shares Outstanding
Short Interest
Split History4 splits
- 1.2:1Forward splitDec 30, 20191 share → 1.2
- 1.2:1Forward splitJun 27, 20191 share → 1.2
- 1.2:1Forward splitDec 28, 20181 share → 1.2
- 1.2:1Forward splitJun 28, 20181 share → 1.2
Balance Sheet Details
Assets$9.31M
Liabilities$12.02M
Accounts Receivable$571K
Accounts Payable$3.67M
Inventory$5K
PP&E (Net)$7.4M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Revenue | $420K | $382K | $1K | $0 | $0 | $15K | $10K | $550K | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | 10.0% | 33021.4% | - | - | - | 50.0% | -98.2% | - | - | - | - | - | - | - |
| Cost of Revenue | $976K | $1.41M | $6K | $6K | $7K | $0 | $0 | $0 | $7K | $1K | $0 | $0 | $0 | $0 |
| Gross Profit | -$556K | -$1.02M | -$5K | -$6K | -$7K | $15K | $10K | $550K | -$7K | -$1K | $0 | $0 | $0 | $0 |
| Gross Margin | -132.4% | -268.4% | -434.7% | - | - | 100.0% | 100.0% | 100.0% | - | - | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $850K | $426K | $467K | $970K | $662K | $1.62M | $985K | $1.56M | $3.48M | $1.16M | $1K | $3K | $2K | $592 |
| Other | $0 | $27K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $850K | $453K | $467K | $970K | $662K | $1.62M | $985K | $1.56M | $3.48M | $1.16M | $1K | $3K | $2K | $592 |
| Operating Income (EBIT) | -$1.41M | -$1.48M | -$474K | -$976K | -$668K | -$1.62M | -$983K | -$1.02M | -$3.48M | -$1.16M | -$1K | -$3K | -$2K | -$592 |
| Operating Margin | -334.8% | -387.0% | -41123.4% | - | - | -10773.3% | -9830.0% | -184.7% | - | - | - | - | - | - |
| Interest Expense | $2K | $0 | $0 | $0 | $54K | $18K | $129K | $277K | $280K | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $54K | $18K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$1K | $0 | -$7.38M | -$128K | -$480K | $448K | -$382K | -$84K | -$5.11M | -$32K | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$1.41M | -$1.48M | -$7.86M | -$1.1M | -$1.15M | -$1.17M | -$1.36M | -$1.1M | -$8.6M | -$1.19M | -$1K | -$3K | -$2K | -$592 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3 | $0 | $0 | $0 | $0 |
| Net Income | -$1.41M | -$1.48M | -$7.86M | -$1.1M | -$1.15M | -$1.17M | -$1.36M | -$1.1M | -$8.6M | -$1.19M | -$1K | -$3K | -$2K | -$592 |
| Net Income Margin | -335.0% | -387.0% | -681387.0% | - | - | -7786.7% | -13650.0% | -200.0% | - | - | - | - | - | - |
| Supplementary Data | ||||||||||||||
| EPS | -0.02 | -0.02 | -0.09 | -0.01 | -0.02 | -0.02 | -0.02 | -0.02 | -0.14 | -0.02 | -0.00 | -0.00 | -0.03 | -0.68 |
| Diluted EPS | -0.02 | -0.02 | -0.09 | -0.01 | -0.02 | -0.02 | -0.02 | -0.02 | -0.14 | -0.02 | -0.00 | -0.00 | -0.03 | -0.68 |
| Weighted Average OS | 73.10M | 72.43M | 91.11M | 89.14M | 64.73M | 73.95M | 64.73M | 63.60M | 59.94M | 51.75M | 121.10M | 1.10M | 87,606 | 876 |
| EBITDA | -$1.41M | -$1.48M | -$7.85M | -$1.1M | -$1.09M | -$1.14M | -$1.23M | -$814K | -$8.31M | -$1.19M | -$1K | -$3K | -$2K | -$592 |
| EBITDA Margin | -334.8% | -386.2% | -680916.1% | - | - | -7613.3% | -12270.0% | -148.0% | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Assets | |||||||||||||||
| Current Assets | |||||||||||||||
| Cash and Cash Equivalents | -$15 | $30 | $0 | $0 | $0 | $0 | $0 | $22K | $9K | $1K | $0 | $0 | $0 | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $9.49M | $10.94M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | -$15 | $30 | $0 | $0 | $9.49M | $10.94M | $0 | $22K | $9K | $1K | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $571K | $119K | $0 | $0 | $0 | $1M | $1M | $0 | $8K | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $5K | $5K | $0 | $0 | $0 | -$10.94B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $1M | $0 | $0 | $19K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $575K | $124K | $27K | $100K | $9.49M | $1M | $1M | $22K | $36K | $71K | $0 | $0 | $0 | $0 | $0 |
| Long-Term Assets | |||||||||||||||
| Property, Plant & Equipment Net | $7.4M | $7.34M | $2K | $9K | $15K | $63K | $30K | $739K | $48K | $396K | $375K | $375K | $375K | $375K | $375K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $959K | $0 | $0 | $9.29M | $9.49M | $10.94M | $0 | $0 | $106K | $162K | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $376K | $376K | $0 | $100K | $0 | $8K | $8K | $8K | $8K | $100K | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $8.74M | $7.72M | $2K | $9.4M | $9.5M | $11.01M | $38K | $747K | $162K | $658K | $375K | $375K | $375K | $375K | $375K |
| Other Assets | $0 | $0 | -$27K | -$100K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $9.31M | $7.84M | $2K | $9.4M | $9.5M | $12.01M | $1.04M | $769K | $198K | $729K | $375K | $375K | $375K | $375K | $375K |
| Liabilities | |||||||||||||||
| Current Liabilities | |||||||||||||||
| Accounts Payable | $3.67M | $431K | $430K | $732K | $870K | $872K | $1.09M | $971K | $0 | $122K | $26K | $26K | $26K | $26K | $26K |
| Short-Term Debt | $1.78M | $2.02M | $220K | $1.08M | $1.05M | $2.98M | $2.06M | $2.11M | $1.74M | $42K | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $514K | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $150M | $311K | $161K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $332K | $2.08M | $106K | $106K | $858K | -$142.57M | $1.88M | $1.19M | $1.6M | $750K | $4K | $0 | -$4K | $0 | $0 |
| Total Current Liabilities | $5.78M | $4.53M | $1K | $3.07M | $2.77M | $11.29M | $5.34M | $4.43M | $3.85M | $914K | $72K | $69K | $61K | $66K | $65K |
| Long-Term Liabilities | |||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $474K | $750K | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.51M | $0 | $0 | $8K | $0 | $0 |
| Total Long-Term Liabilities | $6.24M | $6.09M | $82K | $923K | $857K | $3.01M | $0 | $0 | $474K | $2.51M | $0 | $0 | $8K | $0 | $0 |
| Other Liabilities | $0 | $0 | -$82K | -$923K | -$857K | -$3.01B | $0 | $0 | $0 | -$2.51M | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $12.02M | $10.62M | $1.38M | $3.07M | $2.77M | $11.29M | $5.34M | $4.43M | $4.32M | $914K | $72K | $69K | $69K | $66K | $65K |
| Stockholders' Equity | |||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $5 | $7 | $7 | $9 | $8 | $7 | $0 | $0 | $0 | $0 | $0 | $0 | $7K | $7K | $7K |
| Retained Earnings | -$26.25M | -$25.02M | -$23.53M | -$15.67M | -$14.57M | -$13.42M | -$12.25M | -$10.89M | -$9.79M | -$4.52M | -$255K | -$252K | -$259K | -$256K | -$256K |
| Comprehensive Income & Other | $0 | $0 | $150K | $0 | $0 | $0 | $0 | $0 | $65K | $50K | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $23.14M | $22.24M | $22.15M | $22M | $21.3M | $14.14M | $7.95M | $7.22M | $5.66M | $4.33M | $558K | $558K | $558K | $558K | $558K |
| Total Equity | -$3.11M | -$2.78M | -$1.37M | $6.33M | $6.73M | $721K | -$4.3M | -$3.66M | -$4.13M | -$185K | $303K | $306K | $306K | $309K | $310K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $8.91M | $7.84M | $2K | $9.4M | $9.5M | $12.01M | $1.04M | $769K | $198K | $729K | $375K | $375K | $375K | $375K | $375K |
| Supplementary Data | |||||||||||||||
| Total Debt | $8.02M | $8.11M | $220K | $1.08M | $1.05M | $2.98M | $2.06M | $2.11M | $2.21M | $42K | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $8.02M | $8.11M | $220K | $1.08M | $1.05M | $2.98M | $2.06M | $2.09M | $2.2M | $41K | $0 | $0 | $0 | $0 | $0 |
Cash Flow Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$1.41M | -$1.48M | -$7.86M | -$1.1M | -$1.15M | -$1.17M | -$1.37M | -$1.1M | -$8.6M | -$1.19M | -$1K | -$3K | -$2K | -$592 |
| Depreciation & Amortization | $0 | $2K | $6K | $6K | $7K | $9K | $9K | $9K | $7K | $1K | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | -$215K | $0 | $393.53M | -$176K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $340K | $66K | $294K | $416K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$346K | -$224K | $5K | $0 | $0 | $5K | -$5K | $8K | -$8K | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | -$5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $1.5M | $1K | -$240K | $137K | $26K | -$399K | $181K | $228K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $136K | $1.76M | $108K | $445K | $113K | -$325K | $132K | $612K | $535K | $805K | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $1.29M | $1.54M | -$126K | $582K | $138K | -$719K | $308K | $848K | $527K | $805K | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$1 | $27K | $7.77M | $338K | $394K | -$392.19M | $622K | -$94K | $6.68M | $89K | $0 | $0 | $0 | $0 |
| Net Cash from Operating | -$118K | $87K | -$207K | -$53K | -$544K | -$252K | -$268K | -$119K | -$1.4M | -$295K | -$1K | -$3K | -$2K | -$592 |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $4 | $0 | $0 | $0 | $0 | $0 | -$57K | -$24K | -$329K | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$162K | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $150K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $152K | -$4 | $0 | $0 | $0 | $0 | $0 | $0 | -$728K | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $152K | $0 | $0 | $0 | $0 | $0 | $0 | $93K | -$753K | -$492K | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | $172K | - | - | - | - | -$161K | $561K | $250K | $100K | - | - | - | - |
| Common Stock Issuance | $0 | $85K | $0 | $284K | $0 | $0 | $85K | $600K | $2.02M | $511K | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $150K | $0 | $544K | $252K | $0 | $0 | $0 | $0 | $0 | $7K | $2K | $592 |
| Net Cash from Financing | -$47K | -$87K | $207K | $53K | $544K | $252K | $246K | $39K | $2.16M | $788K | $0 | $7K | $2K | $592 |
| Forex Effect | $12K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$45 | $30 | $0 | $0 | $0 | $0 | -$22K | $13K | $8K | $1K | -$1K | $4K | $0 | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$118K | $87K | -$207K | -$53K | -$544K | -$252K | -$268K | -$119K | -$1.4M | -$295K | -$1K | -$3K | -$2K | -$592 |
| Capital Expenditure | $4 | $4 | -$5 | $5 | $0 | $0 | $0 | -$57K | -$24K | -$329K | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$118K | $87K | -$207K | -$53K | -$544K | -$252K | -$268K | -$176K | -$1.43M | -$625K | -$1K | -$3K | -$2K | -$592 |
| Cash at Beginning | $30 | $0 | $0 | $0 | $0 | $0 | $22K | $9K | $1K | $0 | $0 | $0 | $0 | $0 |
| Cash at End | -$15 | $30 | $0 | $0 | $0 | $0 | $0 | $22K | $9K | $1K | -$1K | $4K | $0 | $0 |