---
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"
generated_at: "2026-05-24T23:47:56.686349+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pineapple Express Cannabis acquires controlling interest in GROOVY via share exchange

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393905-25-000105
- JSON: https://secwatch.observer/filing/0001393905-25-000105.json
- Plain text: https://secwatch.observer/filing/0001393905-25-000105.txt

## Key facts
- M&A Transactions
  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).
  - Action: acquisition
  - Counterparty: GROOVY Company, Inc. f/k/a Santo Mining Corp.
  - Consideration: 5,000,000 shares of its common stock for 350,000,000 shares of Series A Preferred shares of GROOVY
  - Closing: 2025-03-05
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1710495/000139390525000105/0001393905-25-000105-index.htm

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