---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-023411"
form_type: "8-K"
ticker: "PNXP"
cik: "0001710495"
company_name: "PINEAPPLE EXPRESS CANNABIS Co"
filed_at: "2024-06-11T23:59:59+00:00"
generated_at: "2026-06-01T05:05:46.170220+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Pineapple Express signs revenue-sharing deal for 5% of sales at 7 LA dispensaries, issues $5M note

## Summary
- Wholly owned subsidiary AGV receives 50% of management fees (5% of total retail sales) from Pineapple Consolidated.
- Deal covers operational and planned dispensaries in Hollywood, Venice, Van Nuys, Echo Park, Ventura Blvd, Northridge, Beverly Grove.
- In exchange, AGV issues a $5 million promissory note to PCI at 1% interest, maturing April 20, 2029.
- Transaction is a related party deal; CEO Matthew Feinstein also serves as director of PCI.
- Agreement effective April 20, 2024, signed and ratified June 10, 2024.

## SEC filing metadata
- accession: 0001493152-24-023411
- form_type: 8-K
- ticker: PNXP
- cik: 0001710495
- company_name: PINEAPPLE EXPRESS CANNABIS Co
- filed_at: 2024-06-11T23:59:59+00:00
- event_type: other_material
- 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/1710495/000149315224023411/0001493152-24-023411-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1710495/000149315224023411/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-023411
- JSON: https://secwatch.observer/filing/0001493152-24-023411.json
- Plain text: https://secwatch.observer/filing/0001493152-24-023411.txt

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