- Pineapple Inc. plans to launch a real-world asset-backed cryptocurrency, Pineapple Express Token, in Q3 2025.
- Token will be backed by the company's intellectual property, generating recurring royalties via blockchain smart contracts.
- PNPL shareholders will receive tokens at no cost by verifying their stock ownership.
Pineapple, Inc. (OTC: PNPL) has announced its entry into the digital asset space with the launch of Pineapple Express Token, a cryptocurrency built on the Solana blockchain, scheduled for Q3 2025. This token will be backed by the company's extensive intellectual property portfolio, which includes valuable domains, trademarks, patents, and management contracts.
The initiative aims to leverage blockchain technology to generate recurring royalties through the commercial use of intellectual property (IP). The token will be supported by significant assets, including the domain pineappleexpress.com, U.S. Patent No. 9,642,476, and various registered trademarks.
Shareholders of Pineapple Inc. holding PNPL stock will be eligible to receive Pineapple Express Tokens without any cost by verifying their ownership through the company's provided communication channels. This strategic move not only offers shareholders additional value but also positions Pineapple Inc. at the forefront of integrating blockchain technology with real-world assets.
Matthew Feinstein, CEO and Chairman of Pineapple, stated, "We believe in the long-term potential of cryptocurrency, particularly when tethered to tangible, real-world assets. This initiative reflects our commitment to market trends while creating new value opportunities for our shareholders."
Based in Los Angeles, Pineapple, Inc. operates in cannabis management, functional mushroom supplements, and CBD wellness products through its subsidiary, Pineapple Wellness, Inc. The company's leadership merges expertise from the cannabis, wellness, and technology sectors, providing a strong foundation for this innovative cryptocurrency launch.
For more information, visit Pineapple Inc.'s website.
