Pineapple Express Cannabis Company Launches 506(c) Common Stock Offering for Development Capital
Company seeks to raise $5 million from accredited investors interested in diversifying their investments in the emerging cannabis industry
LOS ANGELES, CA, Oct. 30, 2023 (GLOBE NEWSWIRE) — Pineapple Express Cannabis Company. (OTC: PNXP) (the “Company”), a publicly traded company, today announced that it is commencing an offering of up to 5 million shares of its common stock (the “Shares”) at $1 per Share for an aggregate offering amount of $5 million. The Shares will be offered to accredited investors pursuant to Regulation D, Rule 506(c) under the Securities Act of 1933, as amended (the “Securities Act”). As general solicitation is permitted under Rule 506(c) offerings, purchasers must be meet verification requirements for validation of their “accredited investor” status.
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