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Pineapple Express Cannabis Co (Pineapple Express Cannabis Co) Long-Term Capital Lease Obligation : $0.00 Mil (As of Oct. 2023)


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What is Pineapple Express Cannabis Co Long-Term Capital Lease Obligation?

Pineapple Express Cannabis Co's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil.

Pineapple Express Cannabis Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pineapple Express Cannabis Co's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Pineapple Express Cannabis Co Long-Term Capital Lease Obligation Chart

Pineapple Express Cannabis Co Annual Data
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Pineapple Express Cannabis Co Quarterly Data
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Pineapple Express Cannabis Co  (OTCPK:PNXP) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Pineapple Express Cannabis Co Long-Term Capital Lease Obligation Related Terms

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Pineapple Express Cannabis Co (Pineapple Express Cannabis Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Pineapple Express Cannabis Co (OTCPK:PNXP) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
Traded in Other Exchanges
N/A
Address
10351 Santa Monica Boulevard, Suite 420, Los Angeles, CA, USA, 90025
Website
https://www.pineappleconsolidated.com
Pineapple Express Cannabis Co is a world-renowned Dispensary located at the iconic corner of Hollywood Blvd and Vine Street in Los Angeles, CA. Pineapple Express carries the best cannabis products in California at a competitive price with FAST and friendly service. It has everything from cannabis flowers to pre-rolls, concentrates, topicals, and edibles, and constantly updates Its inventory with the latest and greatest strains. The company also offers fast and discreet cannabis delivery services.
Executives
Matthew Feinstein director, 10 percent owner, officer: CEO 8439 W. SUNSET BLVD., SUITE 101, WEST HOLLYWOOD CA 90069

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