(NEW YORK) -- Pinya XP (OTC: PNXP), formerly Pineapple Express Cannabis Company, presents a notable opportunity in the rapidly growing MEME sector.
The company has announced development plans for GroovySol, a Solana blockchain-based meme token that will integrate with its existing Groovy Rewards program—effectively converting centralized loyalty points into decentralized cryptocurrency assets.
PNXP is also exploring the development of 'MEME Madness', a cryptocurrency portal designed to serve as a centralized platform for meme token traders, potentially attracting significant retail interest to the stock.
Key Investment Considerations:
- GroovySol Initiative: Transformation of Groovy Rewards into a Solana-based meme token positions PNXP to capitalize on cryptocurrency market demand.
- MEME Madness Platform: Creation of a dedicated trading hub could generate substantial retail traffic.
- Limited Share Structure: Only 21M total shares issued with approximately 2M in float—current market capitalization of $2.3M.
Valuation Analysis
With its restricted share structure of 21M shares issued and under 2M in the float, PNXP's market capitalization currently stands at $2.3M (at $0.11 per share). Comparable entities in the MEME sector typically maintain valuations between $10M-$25M+, positioning PNXP as a potentially undervalued, low-float opportunity.
PNXP PRICE TARGETS
Short-Term: $0.40
Mid-Term: $1.00+
Disclosures and Disclaimer:
THE MATERIAL HEREIN DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY JURISDICTION WHERE OR TO ANY PERSON TO WHOM IT WOULD BE UNAUTHORIZED OR UNLAWFUL TO DO SO.
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