Pineapple Express Cannabis Company (PNXP) Q2 2026 earnings summary

Executive summary

• Operates an AI-powered data analytics platform for the legal cannabis industry, leveraging blockchain and machine learning for real-time market intelligence and supply chain integration.

• Acquired controlling interest in GROOVY Company, Inc. in March 2025, expanding platform capabilities and token-based incentive models.

• Business model monetizes market intelligence through AI-driven analytics, with a dual blockchain/token incentive system for data contributors.

Financial highlights

• For the three months ended July 31, 2025, reported $0 in revenue, down from $9,872 in the prior year quarter.

• Operating expenses for the quarter were $246,323, up from $5,580 year-over-year, driven by management compensation, stock for services, and professional fees.

• Net loss for the quarter was $(246,323), compared to net income of $4,292 in the same period last year.

• For the six months ended July 31, 2025, net loss was $(430,917), compared to net income of $676 for the same period in 2024.

• Accumulated deficit as of July 31, 2025, was $1,316,281.

Outlook and guidance

• Substantial doubt exists about the ability to continue as a going concern due to lack of positive cash flows and significant working capital deficit.

• Management plans to seek additional capital from shareholders and external sources to fund ongoing operations.

• No specific revenue or earnings guidance provided for future periods.