{"schema_version":"secwatch.filing_event.v1","accession":"0001393905-25-000105","form_type":"8-K","ticker":"PNXP","cik":"0001710495","company_name":"PINEAPPLE EXPRESS CANNABIS Co","filed_at":"2025-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.541147+00:00","generated_at":"2026-05-24T23:47:56.686349+00:00","sec_items":["1.01","2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Pineapple Express Cannabis acquires controlling interest in GROOVY via share exchange","bullets":["Exchanged 5M shares of PNXP common for 350M shares of GROOVY Series A Preferred, gaining >51% voting control.","GROOVY becomes a subsidiary of Pineapple Express; its blockchain PaaS uses NFT-based QR codes for cannabis supply chain.","Pineapple Express assumed certain outstanding convertible debt of GROOVY that converts into PNXP common stock.","Transaction closed March 5, 2025; shares issued under Section 4(a)(2) exemption from registration."],"urls":{"canonical":"https://secwatch.observer/filing/0001393905-25-000105","json":"https://secwatch.observer/filing/0001393905-25-000105.json","markdown":"https://secwatch.observer/filing/0001393905-25-000105.md","text":"https://secwatch.observer/filing/0001393905-25-000105.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1710495/000139390525000105/0001393905-25-000105-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1710495/000139390525000105/pnxp-20250305.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T23:47:56.686349+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"565bac6a81044320b14ce9181b9746c53153cf11","claim":"PINEAPPLE EXPRESS CANNABIS Co completed an acquisition involving GROOVY Company, Inc. f/k/a Santo Mining Corp. for 5,000,000 shares of its common stock for 350,000,000 shares of Series A Preferred shares of GROOVY (closed 2025-03-05).","evidence_excerpt":"Exchange Agreement (the \"Agreement\") with GROOVY Company, Inc. f/k/a Santo Mining Corp., a Wyoming corporation (\"GROOVY\"). Pursuant to the Agreement, the Company will exchange 5,000,000 shares of its common stock for 350,000,000 shares of Series A Preferred shares of GROOVY. Following the closing of the transaction, the Company will own over fifty-one percent","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1710495/000139390525000105/0001393905-25-000105-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"GROOVY Company, Inc. f/k/a Santo Mining Corp."},{"label":"Consideration","value":"5,000,000 shares of its common stock for 350,000,000 shares of Series A Preferred shares of GROOVY"},{"label":"Closing","value":"2025-03-05"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}