Corporate ActionJul 6, 2026, 05:02 PM
Trafalgar Asset Management Acquires 96.62% Voting Control of GCAN
AI Summary
Trafalgar Asset Management, LLC, controlled by Porfirio Sanchez Talavera, acquired 100% of Greater Cannabis Company, Inc.'s Series A and Series B Preferred Stock on June 29, 2026. This transaction grants Trafalgar approximately 96.62% of the company's aggregate voting power, leading to a change in control. Concurrently, certain company indebtedness was compromised and cancelled. Following the change, Porfirio Sanchez Talavera was appointed Chief Executive Officer, Chairman of the Board, and a Director, while Aitan Zacharin resigned from all officer positions.
Key Highlights
- Trafalgar Asset Management acquired 100% of Series A Preferred Stock.
- Trafalgar Asset Management acquired 100% of Series B Preferred Stock.
- Trafalgar Asset Management now holds ~96.62% of aggregate voting power.
- Control based on 994,379 shares of Common Stock outstanding.
- Porfirio Sanchez Talavera appointed CEO, Chairman, and Director.
- Aitan Zacharin resigned as officer, remains director for 10 days.
- Certain company indebtedness was compromised, settled, and cancelled.
Price Impact
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