NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS

ORGANIZATION

The Company was incorporated as “Minaro Corp.” under the laws of the State of Nevada on March 14, 2017.

On December 18, 2022, Minaro Corp., a Nevada corporation (the “Company”), Yulia Lazaridou, the majority shareholder of the Company (“Lazaridou”), Pineapple Consolidated, Inc., a California corporation (“PCI”) and the shareholders of PCI (“PCI Shareholders”), entered into a Share Exchange Agreement (the “Exchange Agreement”). Pursuant to the Exchange Agreement, the PCI Shareholders exchanged (the “Exchange Transaction”) 50,000 outstanding shares of common stock of PCI, representing fifty percent (50%) of the outstanding shares of PCI common stock, for eighteen million (18,000,000) newly issued shares of Minaro common stock.

In addition, on December 18, 2022, in a transaction related to and a condition to the Exchange Transaction, Lazaridou and the Company entered into that certain Resignation, Separation and Release Agreement (the “Resignation Agreement”), pursuant to which (a) the Company redeemed 2,800,000 shares of Company common stock owned by Lazaridou (the “Lazaridou Shares’) in exchange for a payment by the Company of $540,904 and (b) Lazaridou, as of December 21, 2022, resigned as the sole director, officer and employee of the Company.

In order to fund the payment for the Lazaridou Shares, contemporaneous with the Exchange, on December 18, 2022, PCI loaned $540,904 to the Company. The loan (the “PCI Loan”) matured on June 30, 2023 and earns interest at an annual rate of 1%.

In addition, on December 18, 2022, Lazaridou, as sole director and majority shareholder, executed a written consent in lieu of a meeting providing that (i) Matthew Feinstein be elected as the sole director of the Company as well as Chief Executive Officer, President, Secretary, Chairman of the Board and Interim Chief Financial Officer, (ii) accepted the resignation of Lazaridou and (iii) approved the Exchange Agreement and Resignation Agreement. As a result of these transactions, the PCI Shareholders own a majority of the shares of Minaro common stock, and the Company owns fifty percent (50%) of the PCI common stock.

On January 5, 2023, the Company filed Restated Articles of Incorporation with the State of Nevada following approval of the sole director and majority shareholder (“Restated Articles”). The Restated Articles (i) changed the name of the Company to Pineapple Express Cannabis Company, (ii) added an additional authorized class of capital stock, namely ten million (10,000,000) shares of Preferred Stock, in addition to the previously authorized seventy-five million (75,000,000) shares of Common Stock. As a result, the name of the Company now has been changed to Pineapple Express Cannabis Company.

On December 30, 2022 the Company applied to the Financial Industry Regulatory Authority (“FINRA”) for approval with respect to the change of the Company’s name in the Restated Articles. The Company separately applied to FINRA to change the Company’s stock ticker trading symbol. These two corporate actions were subject to FINRA review and clearance which was received during this reporting period.

On March 5, 2025, the Company issued 5,000,000 shares of its common stock pursuant to a Share Exchange Agreement with GROOVY Company, Inc. (f/k/a Santo Mining Corp.), in exchange for 350,000,000 shares of Series A Preferred Stock of GROOVY. As a result of the transaction, the Company acquired a controlling interest in GROOVY, which became a majority-owned subsidiary.

NATURE OF BUSINESS

PINYA XP operates as a comprehensive artificial intelligence-powered data analytics platform that delivers strategic market intelligence to the legal cannabis industry. The company addresses the fundamental challenge facing cannabis enterprises: the need for reliable, real-time market data in a rapidly evolving industry characterized by complex regulatory frameworks and fragmented market conditions across multiple jurisdictions.

The company leverages its proprietary GROOVY Platform as a Service infrastructure to systematically collect, aggregate, and analyze cannabis industry data through advanced blockchain technology, machine learning algorithms,

and incentivized participation models. This integrated approach enables PINYA XP to provide actionable business intelligence that supports strategic decision-making across the entire cannabis supply chain.

PINYA XP’s business model centers on monetizing comprehensive market intelligence through the sale of AI-powered marketing analysis to cannabis enterprises seeking competitive advantages in their respective markets. The platform combines enterprise-grade data security with innovative cryptocurrency incentive mechanisms to create a sustainable ecosystem that benefits all participants while generating substantial revenue streams.

GROOVY PLATFORM ARCHITECTURE

Blockchain Infrastructure Foundation

The GROOVY Platform operates on Hyperledger Fabric, an enterprise-grade permissioned blockchain network that ensures complete data integrity, immutability, and regulatory compliance. This blockchain architecture addresses the cannabis industry’s unique requirements for secure data sharing while maintaining strict privacy controls and audit capabilities across multiple regulatory jurisdictions.

The permissioned nature of Hyperledger Fabric restricts network access to authorized participants only, creating a trusted environment where cannabis businesses can confidentially share sensitive operational data. This approach ensures compliance with varying state regulations while enabling comprehensive market intelligence aggregation that would be impossible through traditional data collection methods.

Comprehensive Data Collection Methodology

The platform implements multiple sophisticated data collection mechanisms that capture information throughout the entire cannabis ecosystem. The foundation of this system relies on NFT-based product authentication, where each cannabis product receives a cryptographically unique QR code containing a non-fungible token that serves as an immutable digital certificate.

Consumer interactions with these QR codes generate continuous streams of real-time market intelligence, capturing product preferences, geographic demand patterns, purchasing behaviors, and consumption trends. This dual-purpose system provides consumers with product verification and authentication while simultaneously contributing valuable market research data to the platform’s comprehensive database.

The platform’s Geno-NFT system maintains a sophisticated genetic library that tracks cannabis intellectual property, strain performance metrics, yield optimization data, and cultivation success rates across diverse geographic regions and environmental conditions. This system captures breeding data, phenotype performance analytics, royalty distribution patterns, and licensing arrangements, providing comprehensive insights into genetic trends and intellectual property valuations within the cannabis industry.

Supply Chain Integration Capabilities

GROOVY’s data collection extends across four critical stages of the cannabis supply chain. Cultivation integration captures environmental monitoring data, nutrient program specifications, harvest yield analytics, and quality assessment metrics. Processing integration monitors extraction methodologies, product formulation processes, batch testing protocols, and manufacturing efficiency measurements.

Distribution tracking provides real-time inventory movement analysis, wholesaler preference identification, regional demand pattern recognition, and logistics performance optimization. Retail integration encompasses point-of-sale transaction analysis, customer demographic profiling, purchasing pattern identification, and inventory turnover optimization across dispensary networks.

The consumer-facing mobile application creates value exchange relationships where users receive product information, strain details, user reviews, and reward incentives in exchange for voluntary data contribution. This approach transforms traditional market research paradigms by creating sustainable participation models where consumers actively contribute to market intelligence generation while receiving tangible benefits.

ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING APPLICATIONS

Advanced Analytics Capabilities

The platform’s artificial intelligence systems transform comprehensive raw data into actionable business intelligence through sophisticated machine learning algorithms designed specifically for cannabis industry applications. These systems excel at identifying complex patterns and correlations that would be impossible for human analysts to detect manually, including subtle relationships between environmental conditions and consumer purchasing behaviors, regulatory changes and market dynamics, and demographic shifts and product preferences.

The machine learning algorithms continuously improve their predictive accuracy as additional data becomes available, creating increasing returns for platform participants and enhancing the value of analytical insights over time. This continuous learning approach ensures that market intelligence becomes more precise and reliable as platform adoption expands.

Predictive Market Intelligence

Demand forecasting capabilities analyze seasonal consumption patterns, regulatory impact scenarios, demographic transitions, and economic indicators to predict future market conditions and demand patterns across different product categories and geographic regions. These predictive models enable cannabis businesses to optimize cultivation planning, inventory management, expansion strategies, and product development initiatives.

The system provides comprehensive new product launch success prediction using historical performance data and current market condition analysis. This capability helps businesses reduce risk and increase success probability for product introductions while identifying market opportunities and expansion possibilities across different jurisdictions.

Consumer segmentation analysis creates detailed consumer profiles based on purchasing behavior, product preferences, consumption methods, desired effects, and lifestyle characteristics. These sophisticated behavioral clustering algorithms develop comprehensive psychographic profiles that reveal consumer motivations, values, and decision-making processes, enabling businesses to develop targeted marketing strategies and optimize product portfolios.

Competitive Intelligence and Market Analysis

The platform delivers comprehensive competitive analysis that tracks market share changes, pricing strategies, product innovations, and performance metrics across brands, companies, and geographic regions. This intelligence enables businesses to understand their competitive position, identify market opportunities, and develop strategic responses to competitive threats while benchmarking performance against industry leaders.

Market dynamics analysis provides insights into consolidation trends, regulatory impacts, emerging competitive threats, and long-term strategic considerations that affect business planning and investment decisions. This comprehensive competitive intelligence would be impossible for individual businesses to conduct independently due to the scale and complexity of data required.

REVENUE GENERATION MODEL

Market Intelligence Monetization

PINYA XP generates revenue through the sale of comprehensive AI-powered marketing analysis to cannabis enterprises requiring strategic insights for competitive positioning and operational optimization. This business model leverages the platform’s unique access to real-time, comprehensive market data to provide intelligence products that significantly exceed the value and accuracy of traditional market research approaches.

The company’s revenue model creates sustainable competitive advantages by transforming the comprehensive data collected through the GROOVY platform into premium market intelligence products that cannabis businesses cannot

obtain elsewhere. The continuous data collection and AI-powered analysis enable PINYA XP to offer insights based on actual market transactions and consumer behaviors rather than limited survey data or small sample sizes.

Product Portfolio and Customer Segmentation

The company offers multiple categories of market intelligence products designed to address specific business requirements within the cannabis industry. Market trend analysis products examine seasonal demand patterns, emerging product categories, shifting consumer preferences, and regulatory impact assessments across different demographics and geographic regions.

Competitive analysis products provide detailed insights into brand performance, market share analysis, pricing strategy evaluation, product performance comparisons, and strategic positioning across competitive landscapes. Consumer behavior analysis represents the most valuable product category, delivering detailed insights into consumer discovery processes, evaluation criteria, purchasing decisions, and usage patterns across different market segments.

Regulatory impact analysis helps businesses understand how changing legal frameworks affect market opportunities, compliance requirements, and strategic planning considerations. This analysis becomes particularly valuable as new jurisdictions legalize cannabis or existing markets modify their regulatory structures.

Pricing Strategies and Revenue Optimization

The platform serves diverse customer segments through flexible pricing structures that accommodate different business sizes and intelligence requirements. Small dispensaries may purchase basic market reports for local market analysis, while large multi-state operators invest in comprehensive competitive intelligence across all operational markets.

Subscription-based pricing models provide ongoing access to updated analysis and real-time market intelligence dashboards, creating predictable recurring revenue streams while ensuring customers maintain access to current insights. Custom analysis projects serve businesses with specific strategic questions or unique market situations, such as market entry analysis for expansion planning or consumer preference research for new product development.

This revenue model succeeds because it creates measurable value for all ecosystem participants while enabling PINYA XP to monetize the comprehensive market intelligence generated through platform participation. The AI-powered approach ensures that insights become more accurate and valuable over time, creating increasing returns that benefit both the company and its customers.

TOKEN ECONOMY AND INCENTIVE FRAMEWORK

GROOVY Rewards System

The platform implements sophisticated economic incentives that encourage voluntary participation in the comprehensive data collection ecosystem. This approach addresses limitations of traditional market research methodologies by creating ongoing incentives for continuous data sharing from large participant populations rather than relying on limited surveys or focus groups.

Consumer engagement activities that generate rewards include product authentication scanning, detailed product review submission, consumption pattern and preference data sharing, loyalty program participation, and market research survey completion. Business participants earn rewards through supply chain data contribution, point-of-sale and compliance system integration, verified dataset provision, and strategic partner onboarding facilitation.

PINYA Meme Token Structure and Integration

PINYA operates as a meme token within the Solana blockchain ecosystem, deriving primary value from community engagement and trading activity rather than direct platform utility functions. This structure creates a sophisticated dual-blockchain approach where GROOVY rewards exist on the secure Hyperledger infrastructure while PINYA tokens trade freely on Solana’s decentralized exchanges.

The company maintains strategic ownership of forty to sixty percent of all PINYA tokens, serving as the bridge between the centralized Hyperledger system and the decentralized Solana ecosystem. When participants accumulate GROOVY rewards through platform activities, they may redeem these rewards for PINYA tokens using the company’s treasury holdings, creating a unidirectional flow from the enterprise blockchain to the public trading environment.

Liquidity Pool and Trading Mechanisms

PINYA maintains dedicated liquidity pools on Solana that function as automated market makers, ensuring continuous token availability for purchase and sale transactions. This liquidity infrastructure provides real market value that fluctuates based on supply and demand dynamics, creating potential value appreciation opportunities for participants who convert GROOVY rewards to tradeable tokens.

The company’s substantial token holdings provide market stabilization while ensuring redemption availability regardless of trading activity levels. This flexibility enables the company to source tokens for reward redemptions from either treasury holdings or liquidity pools depending on market conditions, maintaining system reliability while participating in potential token value appreciation.

STRATEGIC MARKET POSITION AND COMPETITIVE ADVANTAGES

Sustainable Competitive Differentiation

PINYA XP’s integrated approach creates substantial competitive advantages that would be difficult for competitors to replicate due to the comprehensive nature of the platform’s data collection and the network effects generated by increasing participation. The real-time processing capabilities provide immediate insights that enable faster business decision-making compared to traditional market research approaches that require weeks or months for completion.

The regulatory compliance features address fundamental cannabis industry challenges by ensuring that data collection and sharing activities occur within legal frameworks across different jurisdictions. The industry-specific AI models represent significant development investments and training on cannabis-specific data, creating algorithms that understand unique market dynamics better than generic business intelligence tools.

The blockchain security infrastructure provides data integrity guarantees essential for businesses making strategic decisions based on platform insights. The comprehensive data coverage spanning the entire supply chain creates network effects where platform value increases exponentially as more participants join the ecosystem.

Long-Term Value Creation

The token-based incentive economy creates sustainable participation by aligning interests of all ecosystem participants. Unlike traditional market research where companies pay for limited data access, GROOVY creates ongoing value for data contributors while providing comprehensive insights to data users, establishing a self-reinforcing cycle of participation and value creation.

The multi-chain Web3 integration positions the platform for expansion into broader decentralized finance ecosystems, potentially creating additional revenue streams and partnership opportunities as the cryptocurrency economy evolves. The platform creates significant switching costs for participants because leaving the ecosystem means losing access to comprehensive market intelligence that becomes increasingly difficult to replicate as platform adoption grows.

Conclusion

PINYA XP represents a fundamental transformation in cannabis industry market intelligence creation and distribution. The platform’s integration of blockchain security, artificial intelligence analysis, and cryptocurrency incentive mechanisms creates a self-sustaining ecosystem where all participants benefit from contributing to and accessing comprehensive market intelligence while generating substantial revenue opportunities for the company.

The platform’s success depends on achieving network effects where increased participation creates exponentially greater value for all users. As additional businesses and consumers join the ecosystem, the quality and comprehensiveness of market intelligence improves, creating stronger incentives for continued participation and platform growth.

This comprehensive approach addresses fundamental challenges facing the cannabis industry, including information asymmetries, regulatory compliance complexities, and the critical need for reliable market intelligence in a rapidly evolving market environment. By providing solutions to these challenges while creating measurable economic value for all participants, PINYA XP positions itself as essential infrastructure supporting the cannabis industry’s continued growth and market maturation.