Greater Cannabis Company changes control as Trafalgar Asset Management acquires preferred stock
On June 29, 2026, Trafalgar Asset Management, LLC, controlled by Porfirio Sanchez Talavera, acquired all 7,628,665 shares of Series A Preferred Stock and all 1,000 shares of Series B Preferred Stock of Greater Cannabis Company, Inc., giving it approximately 96.62% of aggregate voting power. Simultaneously, the company extinguished $260,000 in convertible debt through debt cancellation agreements with the prior preferred shareholders. Porfirio Sanchez Talavera was appointed Chief Executive Officer and sole director, while former CEO Aitan Zacharin resigned from all officer positions.
Key facts
- Trafalgar Asset Management acquired 7,628,665 shares of Series A Preferred Stock constituting 100% of issued and outstanding Series A Preferred Stock on June 29, 2026
- Trafalgar Asset Management acquired 1,000 shares of Series B Preferred Stock constituting 100% of issued and outstanding Series B Preferred Stock on June 29, 2026
- Trafalgar Asset Management possesses approximately 96.62% of aggregate voting power as of June 29, 2026
- $80,000 convertible promissory note to Sigalush Ventures LLC and Fernando Bisker (dated July 31, 2018) was canceled and extinguished
- $180,000 convertible promissory note to 02490585 Ontario Inc. and Yonah Kalfa (dated July 31, 2018) was canceled and extinguished
- Porfirio Sanchez Talavera appointed as Chief Executive Officer, Chairman of the Board, and sole director effective June 29, 2026
- Aitan Zacharin resigned from all officer positions effective June 29, 2026, and remained as director for ten-day Rule 14f-1 period
Why it matters
The transaction effects a complete change of control of the public reporting company, with the new controlling shareholder and CEO holding approximately 97% of voting power and unilateral authority over director elections and matters requiring shareholder approval; simultaneously, $260,000 in legacy convertible debt was extinguished.
Share
Derived from 8-K filed 2026-07-06. Not investment advice. View the source filing on SEC.gov →