Material Agreement (Form 8-K)

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.