Pineapple, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
September 20, 2023 at 11:43 am EDT
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Pineapple, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.0069 million compared to USD 0.00064 million a year ago. Net loss was USD 0.439581 million compared to net income of USD 0.136756 million a year ago. Basic loss per share from continuing operations was USD 0.01.
For the six months, sales was USD 0.0525 million compared to USD 0.000822 million a year ago. Net loss was USD 0.5071 million compared to net income of USD 0.512003 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.01 a year ago.
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.