Pineapple acquires 50% stake in Capital Growth Investments for $1M; gains licensed cannabis ops

PINEAPPLE, INC.

Pineapple to buy 50,000 shares (50%) of CGI at $20/share for aggregate $1,000,000.
$100,000 paid for initial 5% stake; $900,000 balance due within 60 days of Aug 7, 2021.
Shareholder Agreement grants anti-dilution rights and 50% monthly distributions of CGI's net cash from operations.
CGI holds retail, cultivation, manufacturing, and distribution licenses in Riverside County and statewide California.
Super-majority (80%) shareholder vote required for fundamental issues, giving Pineapple significant control.

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