(NEW YORK) -- Pinya XP (OTC: PNXP) launches blockchain verification platform for cannabis industry.
PNXP has unveiled a specialized blockchain verification system targeting the cannabis industry, partnering with True Cut to develop a comprehensive genetic database through Pinya XP's GROOVY 2.0 hyperledger centralized blockchain authentication platform that combines QR-NFT technology with comprehensive product authentication and consumer engagement tools
A recent investor presentation on this new platform, recorded over the weekend, can be accessed at https://x.com/i/spaces/1nAKEgyLNDVJL
The platform assigns each cannabis product a unique Groovy QR-NFT that serves as its digital twin on a Hyperledger Fabric blockchain. Using ERC-725x/y smart contracts, the system stores verifiable product data including origin, strain details, cultivation practices, lab results, and ownership history.
Consumers can scan QR codes to verify authenticity while accessing detailed strain genetic information through PNXP's Geno-IP library. Each scan triggers the Groovy Rewards program, distributing GROOVY tokens redeemable for discounts and merchandise to drive brand loyalty.
The PINYA XP platform leverages AI and machine learning to transform collected data into market analysis, consumer behavior profiles, and predictive modeling. This enables informed decisions on product development, inventory management, and targeted marketing.
PNXP offers tiered subscription plans accommodating businesses from craft cultivators to large retailers, providing scalable data analytics and AI support. The platform addresses key industry needs including cultivation optimization, customer personalization, and supply chain management in the evolving cannabis market.
The blockchain's embedded physical security features make counterfeiting extremely difficult, addressing a critical challenge in cannabis product authentication and consumer safety.
MEME Coin
The company is also planning launch a Solana blockchain-based meme token that will integrate with its existing Groovy Rewards program, converting centralized loyalty points into decentralized cryptocurrency assets. Launch of thier MEME coin, scheduled for June 27, 2025, could quickly put PNXP on map with retail traders in the highly active Solana community.
Current Valuation
With 75 million shares authorized, the company currently trades just over $0.01 per share, with a market capitalization of only around $300,000.