---
schema_version: "secwatch.filing_event.v1"
accession: "0001393905-23-000334"
form_type: "8-K"
ticker: "GROO"
cik: "0001499275"
company_name: "GROOVY COMPANY, INC."
filed_at: "2023-10-04T23:59:59+00:00"
generated_at: "2026-06-10T04:45:11.815266+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001393905-23-000334
- form_type: 8-K
- ticker: GROO
- cik: 0001499275
- company_name: GROOVY COMPANY, INC.
- filed_at: 2023-10-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: medium
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499275/000139390523000334/0001393905-23-000334-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499275/000139390523000334/sanp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393905-23-000334
- JSON: https://secwatch.observer/filing/0001393905-23-000334.json
- Plain text: https://secwatch.observer/filing/0001393905-23-000334.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499275/000139390523000334/0001393905-23-000334-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.