LOS ANGELES, Sept. 21, 2015 (GLOBE NEWSWIRE) — Pineapple Express, Inc. (OTC Pink:PNPL), formerly Globestar Industries and ticker symbol OTC Pink: GSTI (the “Company“), a Wyoming corporation engaged in cannabis industry consulting, announced that effective September 22, 2015, FINRA approved the Company’s corporate actions changing its name to Pineapple Express, Inc. and its trading symbol to PNPL.
“We are elated that we can finally begin our market awareness and branding initiatives for the company now that our name and symbol have been adopted on a regulatory basis,” stated Matthew Feinstein, CEO and Chairman for the Company. “Branding is the number one priority that all public companies in the cannabis sector should focus on. We feel that our Pineapple Express brand gives us a key advantage and allows us a head-start on our business development initiatives and market awareness objectives.”
About the Company:
The Company is based in Los Angeles, California. Through our operating subsidiary Better Business Consultants, Inc. DBA MJ Business Consultants, we plan to provide capital to our canna-business clientele, lease real properties to those canna-businesses, and provide consulting and technology to develop, enhance, or expand existing and newly formed infrastructures. We intend to create a nationally branded chain of cannabis retail stores under the “Pineapple Express” name as soon as federal laws allow, which will be supported by anticipated Company-owned cultivation and processing facilities, and will feature products from anticipated Company-owned manufacturers. As long as cannabis remains federally illegal our operations will be limited to consulting, product licensing, leasing to and investing in existing and new canna-businesses, selling industry specific technology, and providing ancillary support services. We believe that our competitive advantages include our wealth of experience, business model, exclusive proprietary technology, and key industry contacts in an industry that is foreign to most. It is our expectation that these factors will set us apart from most of our competitors.
Forward-Looking Statements:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Statements that are not a description of historical facts constitute forward-looking statements and may often, but not always, be identified by the use of such words as “expects”, “anticipates”, “intends”, “estimates”, “plans”, “potential”, “possible”, “probable”, “believes”, “seeks”, “may”, “will”, “should”, “could” or the negative of such terms or other similar expressions. Actual results may differ materially from those set forth in this release due to the risks and uncertainties inherent in the Company’s business, including that we have a limited operating history, are dependent upon key personnel whose loss may adversely impact our business, and some of our business activities and the business activities of some of our customers and counterparties, while believed to be compliant with applicable state law, may be illegal under federal law because they violate the Federal Controlled Substances Act. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement and the Company undertakes no obligation to revise or update this release to reflect events or circumstances after the date hereof.
CONTACT: The Company:
For more information please call (877) 310-PNPL
or email: [email protected]