Pineapple Express sells 25% of Pineapple Consolidated stake to CEO for $2M debt reduction

PINEAPPLE EXPRESS CANNABIS Co

Sells 25% of its 50% interest in Pineapple Consolidated, Inc. to CEO Matthew Feinstein.
Purchase price is $2M reduction of a $5M promissory note owed by Pineapple Consolidated to a Pineapple Express subsidiary.
Transaction is a related-party transaction; Feinstein serves as CEO/President/Director of both companies.
No other material terms disclosed.

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