Santo Mining enters strategic JV with Planta Vida to develop blockchain solutions for cannabis industry

GROOVY COMPANY, INC.

Joint Venture to build blockchain tools: interoperability layer, utility token, NFT marketplace.
Planta Vida holds 116 hectares of licensed cannabis cultivation land in Colombia.
Santo Mining provides BaaS and other tech (IoT, AI, NFTs, data analytics) focused on cannabis.
No financial terms of JV disclosed; press release lacks specific deal value or guidance.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GROOVY COMPANY, INC. entered into Strategic Joint Venture with Planta Vida S.A.S. (effective 2023-10-03).

Action: entry
Agreement: collaboration
Counterparty: Planta Vida S.A.S.
Effective: 2023-10-03

Exact text from the filing

On October 3, 2023 Santo Mining Corp., (“SANTO” an or the “Company”) entered into a “SJV” Strategic Joint Venture with Planta Vida S.A.S.

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119 material agreements filed in the last 30 days. Browse all material agreements →

GROOVY COMPANY, INC. filing history →

Source: SEC EDGAR

accession 0001393905-23-000334

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