Pineapple, Inc. (OTCPK:PNPL) entered into a stock purchase agreement to acquire 50% stake in Capital Growth Investments, Inc. from Pineapple Ventures, Inc. for $1 million on August 7, 2021. Pineapple, Inc. will acquire 0.05 million shares of Capital Growth Investments at an offer per share of $20. Out of $1 million, $0.1 million was paid in multiple tranches which were completed on August 12, 2021 in exchange for 5% of the shares of Capital Growth Investments. Within 60 days of execution of the agreement, the remaining balance of $0.9 million shall be paid in exchange for 45% of the shares of Capital Growth Investments. Contemporaneously with the execution of the agreement, the parties entered into a shareholder agreement for Capital Growth Investments, Inc. (the “Shareholder Agreement”). Pursuant to the shareholder agreement, Pineapple, Inc. was granted certain anti-dilution rights, as well certain monthly distributions of net cash from the operations of Capital Growth Investments, along with other voting and indemnification rights. Pineapple funded an aggregate amount of $0.1 million as of September 30, 2021. Pineapple must fund the remaining $0.9 million before March 31, 2022.