Pineapple Express Cannabis swings to Q3 net loss of $167,536
PNXP•Pineapple Express Cannabis reported a third-quarter net loss of $167,536, with no revenue. At October 31, cash was $500 against current liabilities of $9.01 million, and all convertible notes remained in default and immediately due.
1. Quarterly results
Pineapple Express Cannabis swung to a net loss of $167,536 for the third quarter ended October 31, 2026. Revenue remained absent, while interest expense rose 66% year over year to $164,279, accounting for substantially all of the loss.
2. Cash and debt
At October 31, the company had $500 in cash and $9.01 million in current liabilities. All convertible notes payable remained in default and immediately due, and the financial statements carried a going concern qualification.
