Los Angeles, Dec. 1, 2015 (GLOBE NEWSWIRE) -- PINEAPPLE EXPRESS (OTCPink: PNPL) (the "Company"), a publicly-traded company that offers cannabis industry consulting, technology, investments, turn-key property rentals, and branding concepts to businesses in the legal cannabis industry, announced today that the former Chief Marketing Officer of Hustler Hollywood, Theresa Flynt, will assume the role of VP of Business Development, effective immediately.
Flynt will oversee the development of new and existing canna-business clients and tenants, in addition to assisting the Company in its licensing and branding efforts.
"Theresa is an experienced leader with a proven 20-year track record of groundbreaking success," said CEO, Chairman, and Co-Founder Matthew Feinstein. "She took the adult novelty industry by storm, creating its first mainstream retail chain with the Hustler Hollywood stores. We look forward to giving Theresa the opportunity to begin this next chapter of her career by working with Pineapple Express to create similar value for our branding partners and tenants within the canna-business industry. She will be a tremendous asset to our company, and we are proud to add her to our executive team."
Flynt started her career working for her father, Larry Flynt, in Hustler's publishing division. She went on to oversee the design, construction and day-to-day operations of Hustler Hollywood, a retail powerhouse with 15 locations nationwide. She later served as Hustler's Executive Vice President of Retail Operations, VP of Licensing and Brand Development and, most recently, Chief Marketing Officer.
In her new role as VP of Business Development, Theresa will advise Pineapple Express clients on their business models, development and growth, and assist with means and methods of increasing profitability and cash flow. She will also assist with the "Pineapple-ization" of stores including, but not limited to, marketing, licensing, advertising and branding. In addition, she will be assisting with overseeing day-to-day operations for any upcoming acquisitions the Company will be executing.
"I see tremendous value in this new industry and look forward to bringing my talent and experience to Pineapple Express," stated Flynt. "I'm excited to get going and make an immediate impact for the Company and its shareholders."
About Pineapple Express
Headquartered in Los Angeles, CA, Pineapple Express is a publicly traded company that invests in, expands, and brands existing and newly established canna-businesses through expert consulting and cutting-edge technology. We provide capital to our canna-business clientele, lease real properties to canna-businesses, and provide consulting and technology to operators within the cannabis industry. We intend to create a nationally branded chain of company- owned cannabis retail stores under the "Pineapple Express" name, as soon as federal laws allow. 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 branding/retail concept support services. Home to some of the most experienced and well-connected minds in the business, Pineapple Express is at the forefront of the legal cannabis industry.
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. More detailed information about the Company is available at www.otcmarkets.com/stock/PNPL/quote. 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.
Company Contact: Matthew Feinstein
CEO/President/Chairman/Co-Founder Pineapple Express, Inc.
1901 Avenue of the Stars, 2nd Floor Los Angeles, CA. 90067
Investor Relations Contact: Scott Arnold CorProminence LLC
377 Oak Street
Garden City, NY 11530
CONTACT: Travis Culver firstname.lastname@example.org 323.937.1951