MLP sees Q1 revenues skyrocket 134% but posts a net loss due to pension costs and higher expenses. Leasing gains and agave plans signal growth ahead.
KAPALUA, Hawaii, May 15, 2025 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE: MLP) today reported financial results covering the quarter ended March 31, 2025. The Company also announced a new agriculture-based business venture designed to maximize the value of currently underutilized croplands and stimulate economic revitalization on Maui. Additional updates from the Company will be shared at its Annual Meeting of Stockholders, which will be held virtually on Wednesday, May 21, 2025, at 8:30 a.m., Hawai‘i Standard Time, via conference call and posted to the Company website concurrently.
Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - Pineapple Financial Inc. (NYSE: PAPL) ("Pineapple" or the "Company"), a tech-enabled mortgage brokerage and fintech platform, today announced that its Board of Directors has approved the submission of a special resolution to shareholders to authorize a consolidation (the "Consolidation") of the Company's issued and outstanding common shares on the basis of between 10 and 20 pre-Consolidation shares for each one post-Consolidation share. The proposed Consolidation will be presented to shareholders for approval at a special meeting scheduled for June 26, 2025, with a record date set for May 23, 2025.
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Pharmaceutical Retailers Industry | Healthcare Sector | Mr. Matthew Feinstein CEO | OTC PINK Exchange | US72302T1007 ISIN |
US Country | - Employees | - Last Dividend | 28 Jun 2018 Last Split | - IPO Date |
Pineapple, Inc. is a portfolio management company that specializes in the cannabis industry. Established in 1983 and based in Los Angeles, California, the company operates by acquiring and leasing properties to licensed cannabis operators, providing a critical service in a highly regulated market. Pineapple, Inc. positions itself as a vital player in the expanding legal cannabis sector, ensuring that operators have the physical locations necessary for their businesses to thrive. Beyond real estate, Pineapple, Inc. diversifies its offerings by engaging in the sale of hemp-derived CBD products and providing business licensing and consulting services, thus catering to a wide range of needs within the cannabis industry.
Pineapple, Inc. identifies and acquires properties ideally suited for cannabis operations and leases them to licensed operators. This service is crucial for cannabis businesses looking to expand or establish their operations without the upfront costs of purchasing real estate.
The company sells hemp-derived CBD products through online platforms and physical storefronts. This segment of their business capitalizes on the growing demand for CBD products, catering to consumers seeking therapeutic and wellness benefits.
Pineapple, Inc. provides comprehensive consulting and licensing services to cannabis businesses. This includes helping new and existing businesses navigate the complex regulatory environment of the cannabis industry, securing necessary licenses, and offering operational advice to ensure compliance and success.