Pineapple, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
April 13, 2021 at 10:31 pm IST
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Pineapple, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced operating loss was USD 199,402 compared to USD 555,980 a year ago. Net loss was USD 272,287 compared to USD 73,296 a year ago. For the half year, operating loss was USD 397,364 compared to USD 667,764 a year ago. Net loss was USD 549,037 compared to USD 235,590 a year ago. Basic loss per share from continuing operations was USD 0.01.
Pineapple, Inc. procures and leases properties to licensed cannabis operators. The Company, through its wholly owned subsidiary, Pineapple Wellness, inc., provides nationwide hemp-derived cannabidiol (CBD) sales through online (Pineapplewellness.com) and in-store transactions. Its hemp CBD products are organically grown, non-GMO, donât contain heavy metals or toxins and contain no heavy solvents. From plant to bottle, it offers lab-tested, quality CBD products that are natural and potent and contain less than 0.3% Tetrahydrocannabinol (THC). Through its other subsidiary, Pineapple Express Consulting Inc., it also offers cannabis business licensing and consulting services.
PINEAPPLE, INC. 
