Research analysts covering Greater Cannabis Company.
Recent press releases and 8-K filings for GCAN.
The Greater Cannabis Company, Inc. designates Series B Convertible Preferred Stock
GCAN
Convertible Preferred Issuance
Executive Compensation
- The Greater Cannabis Company, Inc. filed Articles of Amendment on October 22, 2025, to create 1,000 shares of Series B Convertible Preferred Stock.
- These shares were issued to Aitan Zacharin, the Chief Executive Officer and sole director, in consideration of him waiving $20,000 in accrued but unpaid compensation.
- The Series B Preferred Shares grant the holder 51.0% of the total voting power, thereby giving voting control of the company to Mr. Zacharin.
- Each Series B Preferred Share is convertible into 100,000 shares of common stock at the holder's option.
Oct 27, 2025, 8:30 PM
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