Pineapple Express Cannabis Co. Files Q3 2024 10-Q

TL;DR

Pineapple Express Cannabis Co. filed its 10-Q for Q3 2025, ending Oct 31, 2024. Check financials.

AI Summary

Pineapple Express Cannabis Co. filed its 10-Q for the period ending October 31, 2024. The company, formerly known as MINARO CORP, is incorporated in Nevada and operates in the software services sector. Its principal business address is in Los Angeles, California.

Why It Matters

This filing provides investors with the latest financial performance and operational details for Pineapple Express Cannabis Co. during its third fiscal quarter of 2025.

Risk Assessment

Risk Level: medium — The company operates in the cannabis industry, which faces significant regulatory and market risks.

Key Numbers

• Q3 --01-31 2025 — Fiscal Quarter End (Reporting period for the 10-Q filing.)
• 2024-10-31 — Period End Date (The end date of the reporting period.)
• 2025-01-21 — Filing Date (The date the 10-Q was filed with the SEC.)

Key Players & Entities

• PINEAPPLE EXPRESS CANNABIS Co (company) — Filer
• MINARO CORP (company) — Former Company Name
• 20241031 (date) — Period of Report
• 20250121 (date) — Filing Date
• 12301 WILSHIRE BLVD. #302 (address) — Business Address
• LOS ANGELES (location) — Business City
• NV (location) — State of Incorporation

FAQ

Key Financial Figures

• $540,904 — es") in exchange for a payment by us of $540,904; and (b) Ms. Lazaridou resigned as our
• $4,332 — 2023, the Company generated revenues of $4,332 and $0, respectively. The increase was
• $0 — ompany generated revenues of $4,332 and $0, respectively. The increase was primari
• $5,580 — hs ended October 31, 2024 and 2023 were $5,580 and $19,247, respectively. The increase
• $19,247 — tober 31, 2024 and 2023 were $5,580 and $19,247, respectively. The increase was primari
• $1,248 — hs ended October 31, 2024 and 2023 was ($1,248) and ($2,115) respectively. Liquidity
• $2,115 — ber 31, 2024 and 2023 was ($1,248) and ($2,115) respectively. Liquidity and Capital
• $1043 — tober 31, 2024, the Company had cash of $1043 and an accumulated deficit of 919,554.

Filing Documents

• form10-q.htm (10-Q) — 346KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 12KB
• ex32-1.htm (EX-32.1) — 7KB
• 0001493152-25-002983.txt ( ) — 1788KB
• pnxp-20241031.xsd (EX-101.SCH) — 14KB
• pnxp-20241031_cal.xml (EX-101.CAL) — 23KB
• pnxp-20241031_def.xml (EX-101.DEF) — 48KB
• pnxp-20241031_lab.xml (EX-101.LAB) — 137KB
• pnxp-20241031_pre.xml (EX-101.PRE) — 96KB
• form10-q_htm.xml (XML) — 137KB

—Financial Information

Part I—Financial Information 4 Item 1.

Financial Statements

Financial Statements 4 Consolidated Balance Sheets at April 30, 2024 (Unaudited) and January 31, 2024 4 Consolidated Statements of Operations for the Three Months Ended April 30, 2024 and 2023 (Unaudited) 5 Consolidated Statements of Changes in Stockholders' Equity for the Three Months Ended April 30, 2024 and 2023 (Unaudited) 6 Consolidated Statements of Cash Flows for the Three Months Ended April 30, 2024 and 2023 (Unaudited) 7 Notes to Unaudited Consolidated Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 11 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 14 Item 4.

Controls and Procedures

Controls and Procedures 14

—Other Information

Part II—Other Information 14 Item 1.

Legal Proceedings

Legal Proceedings 14 Item 1A.

Risk Factors

Risk Factors 14 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 14 Item 3. Defaults Upon Senior Securities 15 Item 4. Mine Safety Disclosures 15 Item 5. Other Information 15 Item 6. Exhibits 15

Signatures

Signatures 16 2 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report includes "forward-looking statements" within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include statements we make concerning our plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs and other information that is not historical information. When used in this quarterly report, the words "estimates," "expects," "anticipates," "projects," "forecasts," "plans," "intends," "believes," "foresees," "seeks," "likely," "may," "might," "will," "should," "goal," "target" or "intends" and variations of these words or similar expressions (or the negative versions of any such words) are intended to identify forward-looking statements. All forward-looking statements are based upon information available to us on the date of this Quarterly Report. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks and uncertainties are discussed in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended January 31, 2024, filed with the Securities and Exchange Commission on June 3, 2024, as the same may be updated from time to time. All forward-looking statements attributable to us in this Quarterly Report apply only as of the date of this Quarterly Report and are expressly qualified in their entirety by the cautionary statements included in this Quarterly Report. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to publicly update or revise forward-lo

financial statements with respect to any matters

financial statements with respect to any matters. Note 6 – SUBSEQUENT EVENTS In accordance with ASC 855, "Subsequent Events", the Company has analyzed its operations subsequent to October 31, 2024, through January 18, 2025, and has determined that it does not have any material subsequent events to disclose in these unaudited financial statements. 10 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis of the financial condition and results of operations of Pineapple Express Cannabis Company (f/k/a Minaro Corp.) and its subsidiaries (together, the "Company" or "Pineapple Express Cannabis") should be read in conjunction with our unaudited consolidated financial statements and the accompanying notes thereto included elsewhere in this Quarterly Report on Form 10-Q. References in this Management's Discussion and Analysis of Financial Condition and Results of Operations to "us," "we," "our," and similar terms refer to the Company. Our discussion includes forward-looking statements based upon current expectations that involve risks and uncertainties, such as our plans, objectives, expectations and intentions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of a number of factors, including those set forth under the Risk Factors section of our Annual Report on Form 10-K for the year ended January 31, 2023, filed with the Securities and Exchange Commission (the "SEC") on May 24, 2023, as the same may be updated from time to time. We use words such as "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "believe," "intend," "may," "will," "should," "could," and similar expressions to identify forward-looking statements. Overview We are based in Los Angeles, California. Our wholly owned operating subsidiary, Ananas Growth Ventures, serves as an incubator, helping early-stag

View Full Filing

View this 10-Q filing on SEC EDGAR