Pineapple Express Cannabis Co Stock Price, News & Analysis
Company Description
Pineapple Express Cannabis Company, doing business as PINYA XP (OTC PINK: PNXP), is a healthcare-sector company associated with the Drug Manufacturers – Specialty & Generic industry classification that focuses on cannabis authentication and verification technology. According to company disclosures, PINYA XP positions itself as a cannabis technology and safety platform built around its proprietary GROOVY PaaS 4IR Ecosystem, which is designed to provide unalterable verification of cannabis product authenticity.
The company states that its mission begins with saving lives by preventing counterfeit cannabis products from reaching the market and enabling consumers and healthcare professionals to access verified product profiles. PINYA XP describes its system as a blockchain-powered platform that creates an immutable record of each product’s journey from seed to sale. Using QR‑NFT tags, each scan is intended to reveal a history of cultivation, testing, and distribution, creating what the company calls an unbroken chain of trust across the cannabis supply chain.
Business focus and GROOVY platform
PINYA XP describes GROOVY as a centralized Hyperledger Fabric blockchain-based Platform as a Service (PaaS) tailored to the cannabis sector. Company materials explain that the platform is built to address product authenticity, safety, and transparency. Within this framework, PINYA XP highlights several core components:
- QR‑NFT authentication technology for cannabis products, using blockchain-verified tags to confirm authenticity and origin.
- Geno‑NFT Library, a secure blockchain-based repository where growers can register cannabis strains and, according to the company, receive automatic royalties when their genetics are used in authenticated products.
- GROOVY Rewards, which the company describes as a program that encourages consumers to verify products, complete educational modules, and participate in a community environment.
- GROOVY Marketplace, presented as an ecosystem where authenticated products, verified genetics, and engaged consumers interact.
- AI-powered analytics that process data generated by authentication and ecosystem activity to provide insights for businesses while supporting product safety and quality objectives.
In multiple company descriptions, PINYA XP emphasizes that its blockchain architecture is intended to create an immutable record of product movement and testing, and that its transparency focus is not limited to regulatory compliance but also to building a safer cannabis industry.
Technology, blockchain, and authentication
PINYA XP’s public communications describe the GROOVY platform as using centralized Hyperledger Fabric blockchain technology combined with NFT standards to support its authentication processes. In a share exchange announcement with GROOVY Company, Inc. (formerly Santo Mining Corp.), the parties characterize GROOVY’s platform as a centralized Hyperledger blockchain-based PaaS that uses NFT‑QR tags for product authentication and traceability.
According to that description, the authentication system is designed to provide:
- Blockchain-verified NFT‑QR tags for product authentication.
- Detailed strain information, including genetics, cannabinoid profiles, and terpene content, as described by the company.
- Lab test verification and traceability from seed to sale.
- Automated royalty distribution for cannabis strain intellectual property.
- Supply chain transparency and management features.
PINYA XP presents this technology as a way to address counterfeiting and to give consumers verifiable information about the cannabis products they purchase. The company also notes that its ecosystem incorporates consumer engagement and rewards around the act of verifying products.
Corporate identity and branding
The company has communicated a transition in its corporate image under the PINYA XP brand. It has announced a new corporate website designed to showcase the GROOVY PaaS 4IR Ecosystem, along with digital resources such as a knowledge base and a news portal focused on cannabis authentication, blockchain verification, and related regulatory topics. PINYA XP has also disclosed the filing of a federal trademark application with the United States Patent and Trademark Office for its PINYA XP brand and logo, covering PaaS offerings in the context of the GROOVY platform for cannabis authentication and safety.
The trademark application, as described by the company, covers software platform services that include QR‑NFT authentication technology, blockchain-based verification systems, the Geno‑NFT Library for strain protection, analytics and business intelligence, supply chain tracking and management, and consumer rewards and engagement systems.
Corporate evolution and leadership
Public statements indicate that Pineapple Express Cannabis Company has undergone a leadership transition and a strategic relocation of its headquarters to Atlanta, Georgia. The company has described this move as part of its transformation into a cannabis authentication technology-focused business operating under the PINYA XP identity. It has also referenced a live corporate update event to discuss its strategic roadmap, development of the GROOVY PaaS platform, and expansion plans in cannabis authentication technology.
In earlier disclosures, Pineapple Express Cannabis Company described itself as being based in Los Angeles, California, with an operating subsidiary, Ananas Growth Ventures, serving as an incubator for early-stage ventures and startups in the cannabis sector through funding, mentoring, and training. The company also reported engagement in legal cannabis retail under the Pineapple Express brand through a 50% owned asset, Pineapple Consolidated, Inc., which owns and manages retail cannabis ventures under the Pineapple Express name. These activities were described alongside efforts to increase its footprint in California and explore underdeveloped markets.
Retail and revenue-related arrangements (historical context)
In prior news releases, Pineapple Express Cannabis Company announced that its wholly owned subsidiary Ananas Growth Ventures had entered into a revenue-generating contract with Pineapple Consolidated, Inc. Under that arrangement, the company reported that it would receive a portion of management fee revenue related to multiple legal cannabis retail operations in Los Angeles, tied to retail sales at several dispensary locations. The company framed this as a step toward directly generating revenue while maintaining what it characterized as nominal overhead.
The company has also reported that Pineapple Consolidated, Inc., its 50% owned asset, secured licensing, leasehold, and development for multiple additional retail dispensary locations in the Los Angeles area to supplement a flagship Hollywood location, with Pineapple Express holding partial ownership in those dispensary assets and Pineapple Consolidated contracted to manage them.
Strategic share exchange with GROOVY Company
Pineapple Express Cannabis Company, doing business as PINYA XP, has announced a Share Exchange Agreement with GROOVY Company, Inc. (formerly Santo Mining Corp.). Under the terms described, Pineapple Express Cannabis Company will acquire a controlling interest in GROOVY Company, making GROOVY a subsidiary through an exchange of preferred shares in GROOVY for common shares of Pineapple Express. The companies characterize this transaction as combining GROOVY’s blockchain-based cannabis authentication platform with Pineapple Express’s presence in the cannabis industry.
The stated strategic benefits include enhanced capital resources to implement GROOVY’s business plans, integration of blockchain authentication technology into existing cannabis distribution channels, and expanded market reach and adoption potential for the authentication platform. The transaction is described as subject to customary closing conditions.
Regulatory filings and reporting status
Pineapple Express Cannabis Company is an SEC-reporting issuer with a Commission File Number of 001‑41762. In a Form 12b‑25 (Notification of Late Filing) related to a Form 10‑Q for a period ended October 31, 2025, the company reported that it could not file its quarterly report within the prescribed period due to delays in obtaining and compiling required information and stated its intention to file within the extension period allowed under the rule. In that filing, the company indicated that all other required periodic reports during the preceding 12 months had been filed and that it did not anticipate a significant change in results of operations compared to the corresponding period of the prior fiscal year.
In a Form 8‑K, Pineapple Express Cannabis Company reported the resignation of its Chief Operating Officer and Chief Cannabis Officer from their officer and director roles as of December 1, 2025. The filing records the acceptance of these resignations by the Board of Directors.
Risk considerations as disclosed by the company
Company communications include cautionary statements regarding risks and uncertainties. These disclosures highlight factors such as the evolving cannabis market, regulatory uncertainties and changes in laws and regulations, competitive pressures within the cannabis sector, technological disruptions, fluctuations in market demand and product pricing, and challenges in penetrating new markets. The company also notes risks associated with the volatile nature of the cryptocurrency market, potential security breaches, fluctuations in token values, and changes in investor sentiment, as well as broader economic and market volatility. These risk factors are referenced as being further detailed in the company’s risk factor discussions.
Status and scope
Based on the available information, Pineapple Express Cannabis Company d/b/a PINYA XP is presented as a public company that combines cannabis-sector experience with blockchain-based authentication technology. Its activities span technology development for product verification and safety, intellectual property protection for cannabis genetics, consumer engagement around product verification, and, in earlier periods, participation in cannabis retail operations and management through affiliated entities.