M&A
confidence high
sentiment neutral
materiality 0.55
Pineapple Express sells remaining 25% of Pineapple Consolidated to CEO for $3M note reduction
PINEAPPLE EXPRESS CANNABIS Co
- Sells 25% PCI stake (25,000 shares) to CEO Matthew Feinstein for $3M note reduction.
- Transaction ends revenue sharing on management fees between the parties.
- Feinstein is registrant's CEO, President, Director, Treasurer and PCI Director; related-party deal.
- Note was between Ananas Growth Ventures (subsidiary) and PCI.