---
schema_version: "secwatch.filing_event.v1"
accession: "0001393905-25-000107"
form_type: "8-K"
ticker: "GROO"
cik: "0001499275"
company_name: "GROOVY COMPANY, INC."
filed_at: "2025-03-11T23:59:59+00:00"
generated_at: "2026-05-24T23:35:58.257131+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Pineapple Express (PNXP) exchanged 5M common shares for 350M Series A Preferred of GROOVY (SANP).
- Pineapple Express now owns >51% voting rights of GROOVY; GROOVY becomes a subsidiary.
- GROOVY operates a blockchain-based PaaS using NFT QR codes for cannabis product authentication.
- Pineapple Express assumes certain convertible debt of GROOVY that converts into its common stock.
- Transaction intended as tax-free reorganization under Section 368 of the IRC.

## SEC filing metadata
- accession: 0001393905-25-000107
- form_type: 8-K
- ticker: GROO
- cik: 0001499275
- company_name: GROOVY COMPANY, INC.
- filed_at: 2025-03-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499275/000139390525000107/0001393905-25-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499275/000139390525000107/sanp-20250305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393905-25-000107
- JSON: https://secwatch.observer/filing/0001393905-25-000107.json
- Plain text: https://secwatch.observer/filing/0001393905-25-000107.txt

## Key facts
- M&A Transactions
  GROOVY COMPANY, INC. underwent a change of control involving Pineapple Express Cannabis Company (closed 2025-03-05).
  - Action: change of control
  - Counterparty: Pineapple Express Cannabis Company
  - Closing: 2025-03-05
  source text: On March 5, 2025, Pineapple Express Cannabis Company, a Nevada corporation (the “Company”), completed the acquisition of a controlling interest in GROOVY Company, Inc. f/k/a Santo Mining Corp., a Wyoming corporation (“GROOVY”), pursuant to the Share Exchange Agreement (the “Agreement”) previously disclosed in Item 1.01 of this Current Report on Form 8-K.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499275/000139390525000107/0001393905-25-000107-index.htm

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