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J. P. Carey Enterprises (PNXP) discloses 9.98% ownership in Pineapple Express

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

J. P. CAREY ENTERPRISES, INC. reports beneficial ownership of 5,706,667 shares of PINEAPPLE EXPRESS CANNABIS Co common stock, representing 9.98% of the class, as disclosed on 03/25/2026.

The filing lists sole voting and dispositive power over the reported shares. The filing is a passive ownership disclosure under Schedule 13G and does not report any acquisition or disposition instructions in this excerpt.

Positive

  • None.

Negative

  • None.

Insights

Large passive stake disclosed with sole voting control.

The filing shows 5,706,667 shares beneficially owned and 9.98% of the class as of 03/25/2026. The filer reports sole voting and dispositive power for the entire position, which is notable for governance attention.

Whether this reflects an intent to influence policy or a passive investment depends on additional disclosures; subsequent filings may clarify any nominee director proposals or coordination with other holders.

Stake size could create visible ownership, but not necessarily market-moving.

A 9.98% stake is large enough to appear on ownership screens and may affect perceptions of shareholder concentration. The filing does not state purchase timing or planned sales, so immediate market impact is not evident from this excerpt.

Future disclosures about purchases, sales, or changes in voting alignment would provide clearer signals; current cash‑flow treatment and intent are not included here.






60251H102

(CUSIP Number)
03/25/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G



J. P. CAREY ENTERPRISES, INC.
Signature:/s/ Joseph C. Canouse
Name/Title:President
Date:03/25/2026

FAQ

What stake did J. P. Carey Enterprises report in PNXP?

They reported beneficial ownership of 5,706,667 shares, equal to 9.98% of the common stock as disclosed on 03/25/2026. The filing shows sole voting and dispositive power over those shares.

Does the Schedule 13G filing indicate active control of PNXP?

The filing indicates sole voting and dispositive power over 5,706,667 shares (9.98%), but Schedule 13G is a passive ownership disclosure. The excerpt does not state any plans to seek control or nominate directors.

Is the reported PNXP stake above the 5% SEC reporting threshold?

Yes. The filer reports 9.98% ownership, which exceeds the 5% threshold that triggers Schedule 13G/13D reporting. The disclosure lists the filer as beneficial owner with sole voting and dispositive power.

Who signed the PNXP disclosure and when?

The Schedule 13G excerpt is signed by Joseph C. Canouse, President of J. P. Carey Enterprises, Inc., with the signature date shown as 03/25/2026. The signature attests to the reported ownership figures.
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