Pineapple, Inc. Reports Earnings Results for the Full Year Ended December 31, 2019
February 16, 2021 at 11:33 am
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Pineapple, Inc. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was USD 15,000 compared to USD 10,000 a year ago. Operating loss was USD 1.616 million compared to USD 983,404 a year ago. Net loss was USD 1.168 million compared to USD 1.365 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago.
Pineapple, Inc. procures and leases properties to licensed cannabis operators. The Company, through its wholly owned subsidiary, Pineapple Wellness, inc., provides nationwide hemp-derived cannabidiol (CBD) sales through online (Pineapplewellness.com) and in-store transactions. Its hemp CBD products are organically grown, non-GMO, donât contain heavy metals or toxins and contain no heavy solvents. From plant to bottle, it offers lab-tested, quality CBD products that are natural and potent and contain less than 0.3% Tetrahydrocannabinol (THC). Through its other subsidiary, Pineapple Express Consulting Inc., it also offers cannabis business licensing and consulting services.