Pineapple Express Cannabis Company (PNXP) Q3 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 GROOVY Company, Inc., expanding capabilities and integrating a dual blockchain/token incentive system.

• Underwent a change in control and executive transition in early 2025, with new leadership and related party transactions.

Financial highlights

• Reported $0 revenue for the three and nine months ended October 31, 2025, compared to $4,332 and $16,168 in the same periods last year.

• Net income for the three months ended October 31, 2025 was $20,459, compared to a net loss of $1,248 in the prior year quarter.

• Net loss for the nine months ended October 31, 2025 was $622,176, compared to $572 in the prior year period.

• Accumulated deficit reached $1,295,822 as of October 31, 2025.

• Working capital deficit stood at $8,344,100 as of October 31, 2025.

Outlook and guidance

• Management highlights substantial doubt about the ability to continue as a going concern due to lack of revenue and reliance on external funding.

• Plans to seek additional capital from management and significant stockholders to fund ongoing operations.

• Faces challenges from lower capital investment trends in start-ups and increased regulatory compliance requirements.