---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-000195"
form_type: "8-K"
ticker: "PNPL"
cik: "0001654672"
company_name: "PINEAPPLE, INC."
filed_at: "2023-01-04T23:59:59+00:00"
generated_at: "2026-06-20T20:21:13.895006+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Pineapple sells 45.18% interest in PVI; cancels 20M shares and eliminates debt

## Summary
- Enters binding LOI to sell 45.18% interest in Pineapple Ventures, Inc. (PVI) for 20,000,000 PNPL shares cancelled at execution.
- Agreement extinguishes all outstanding indebtedness owed by PNPL to PVI and Neu-Ventures, Inc. (NVI) after execution.
- Counterparty ORTEGA holds 100% of PVI and NVI; deal transfers stake back to ORTEGA while eliminating debt.

## SEC filing metadata
- accession: 0001493152-23-000195
- form_type: 8-K
- ticker: PNPL
- cik: 0001654672
- company_name: PINEAPPLE, INC.
- filed_at: 2023-01-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654672/000149315223000195/0001493152-23-000195-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654672/000149315223000195/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-000195
- JSON: https://secwatch.observer/filing/0001493152-23-000195.json
- Plain text: https://secwatch.observer/filing/0001493152-23-000195.txt

## Key facts
- Material Agreements
  PINEAPPLE, INC. entered into Letter of Intent with ORTEGA valued at 20,000,000 PNPL shares.
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: ORTEGA
  - Value: 20,000,000 PNPL shares
  source text: PNPL hereby agrees to sell 45.18% interest in PVI for a purchase price of 20,000,000 PNPL shares paid at execution of this Letter of Intent (“Share Cancellation”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654672/000149315223000195/0001493152-23-000195-index.htm

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