MeritValue

PINEAPPLE EXPRESS CANNABIS Co

PNXPdata completeness 75%7 fiscal years on file

Data notes: no data for concept 'totalDebt'

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$30,2501$7,7502$5,3853$04$16,1684
Net income−$19,5075−$46,0836−$44,4437−$59,4978−$31,1538
Operating cash flow−$1,4169−$25,64810−$16,72611$3012−$45,03112
Capital expenditure$12,00513————
Free cash flow (derived)−$13,4219————
Total debt—————
Cash & equivalents$3,54614$5,26915$016$3017$017
Diluted shares3.1M3.7M19.0M20.3M19.8M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$0
your share of equity
Profit it earned you last year
−$0.02
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$0 of net worth that earned you −$0.02 last year.

iii. Is this a good business?
Moat signal · return on equity
— avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
+549% shares · 5y

Share count is up 549% over 5 years — owners have been diluted. Worth asking what they got for it.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
only 2 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 2 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2021-01-31 · accession 0001710495-22-000004 (Revenues)
  2. 10-K · period ending 2022-01-31 · accession 0001493152-23-018877 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-01-31 · accession 0001493152-24-022263 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2024-01-31 · accession 0001139020-25-000132 (Revenues)
  5. 10-K · period ending 2021-01-31 · accession 0001710495-22-000004 (NetIncomeLoss)
  6. 10-K · period ending 2022-01-31 · accession 0001493152-23-018877 (NetIncomeLoss)
  7. 10-K · period ending 2023-01-31 · accession 0001493152-24-022263 (NetIncomeLoss)
  8. 10-K · period ending 2024-01-31 · accession 0001139020-25-000132 (NetIncomeLoss)
  9. 10-K · period ending 2021-01-31 · accession 0001710495-22-000004 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-01-31 · accession 0001493152-23-018877 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-01-31 · accession 0001493152-24-022263 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-01-31 · accession 0001139020-25-000132 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2021-01-31 · accession 0001710495-21-000005 (PaymentsForCapitalImprovements)
  14. 10-K · period ending 2021-01-31 · accession 0001710495-22-000004 (CashAndCashEquivalentsAtCarryingValue)
  15. 10-K · period ending 2022-01-31 · accession 0001493152-23-018877 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2023-01-31 · accession 0001139020-25-000132 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  17. 10-K · period ending 2024-01-31 · accession 0001139020-25-000132 (CashAndCashEquivalentsAtCarryingValue)