Cannabis Company Pineapple Inc. No Longer A 'Grey Market' Stock

PINEAPPLE, INC. PNPL announced it is no longer a “grey market” stock and apprised shareholders of its progress as related to its anticipated OTCQB tier upgrade.

“We have completed the necessary steps to be designated as a “Pink Current Information” company with OTC Markets and are no longer designated as grey market. The company is currently pursuing an OTCQB designation, which is a higher trading tier on the OTC Markets platform,” CEO and president Shawn Credle stated.

Matthew Feinstein, director at Pineapple, added, “We are deeply focused on securing regulatory approval so that normalized trading can commence for our shareholders. We hope to be nearing the finish line as related to the review of our 15c2-11 application and will be updating our shareholders once completed.”

 

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisNewsMarketsMatthew FeinsteinShawn Credle
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!
CCC-Oct-24-Banner-1

Click on the image for more info.

Cannabis rescheduling seems to be right around the corner

Want to understand what this means for the future of the industry?

Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. 

Get your tickets now before prices surge by following this link.