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.
Tag Archives: Caveat Emptor
LOS ANGELES, April 4, 2016 /Weed Wire/ — PINEAPPLE EXPRESS, INC. (OTC Pink: PNPL) today announced that it has been advised that due to the recent increase in trading activity in the Company’s stock, OTC Markets has placed a “Caveat Emptor” advisory on the Company’s Company’s OTC Markets information page, resulting from ‘unusual or unexplained trading activity’.
Cannabis is in a unique situation of potential exponential growth both from the financial standpoint and the research and development standpoint, but has to trade in a market place with a dubious reputation.