---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-020077"
form_type: "8-K"
ticker: "PNPL"
cik: "0001654672"
company_name: "PINEAPPLE, INC."
filed_at: "2021-08-16T23:59:59+00:00"
generated_at: "2026-06-29T09:59:36.629666+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-21-020077
- form_type: 8-K
- ticker: PNPL
- cik: 0001654672
- company_name: PINEAPPLE, INC.
- filed_at: 2021-08-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654672/000149315221020077/0001493152-21-020077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654672/000149315221020077/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-020077
- JSON: https://secwatch.observer/filing/0001493152-21-020077.json
- Plain text: https://secwatch.observer/filing/0001493152-21-020077.txt

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