UNITED STATES
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FORM
CURRENT REPORT
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Item 1.01. Entry into a Material Definitive Agreement.
On January 31, 2025, Pineapple Express Cannabis Company (the “Company”) entered into a stock purchase agreement (the “Agreement”) with Matthew Feinstein to sell the remaining 25% of shares of Pineapple Consolidated, Inc. (“PCI”), initially acquired by the Company through a share exchange between the two companies, to Feinstein in exchange for a $3m reduction of the $3 million-dollar promissory note due between PCI and the Company.
Mr. Matthew Feinstein, who currently serves as Director, President, Chief Executive Officer and Treasurer of the Company, also currently serves as Director at PCI. Accordingly, the Agreement constitutes a related party transaction for the Company pursuant to Item 404 of Regulation S-K.
The description of the Agreement set forth in this Item 1.01 is qualified in its entirety to the full text of the Agreement, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 10.1 | Stock Purchase Agreement between Matthew Feinstein, Pineapple Express Cannabis Company, and Pineapple Consolidated, Inc., dated as of January 31, 2025. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Pineapple Express Cannabis Company | ||
| Dated: February 6, 2025 | By: | /s/ Matthew Feinstein |
| Name: | Matthew Feinstein | |
| Title: | President | |