SEC Temporarily Suspends Securities Trading of Pineapple Express

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SEC

On April 28, 2016, the U.S. Securities and Exchange Commission announced the temporary suspension of trading in Pineapple Express (OTC: PNPL) due to unusual market activity in the company’s securities. The suspension started at 9:30 a.m. EDT today and will end at 11:59 p.m. EDT on May 11.

Prior to the SEC’s announcement, Pineapple Express issued a letter to shareholders, with no mention of the suspension. The shareholder update addressed issues such as Pineapple Park, acquisition of THC.com, progress on the company’s intentions to become a fully reporting company and its Caveat Emptor designation on the OTC Markets.

The staff byline designates content that has been written by a staff writer of MJINews.

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