Greater Cannabis Company, Inc. 8-K

What Happened
Greater Cannabis Company, Inc. filed an 8‑K on July 6, 2026, disclosing that Trafalgar Asset Management, LLC (owned and controlled by Porfirio Sánchez Talavera) purchased 100% of the Company’s outstanding Series A and Series B preferred shares on June 29, 2026. Trafalgar acquired 7,628,665 shares of Series A Preferred and 1,000 shares of Series B Preferred. Based on 994,379 shares of Common Stock outstanding, the preferred holdings give Trafalgar approximately 96.62% of the aggregate voting power. Concurrently, certain Company debts were compromised and cancelled under Debt Cancellation and Release Agreements, and the transactions were closed under an Escrow Agreement.

Key Details

• Trafalgar Asset Management, LLC (controlled by Porfirio Sánchez Talavera) bought 7,628,665 Series A shares and 1,000 Series B shares on June 29, 2026.
• The Series A preferred carries 1.76 votes per share; Series B preferred collectively hold 51% of voting power, yielding ~96.62% aggregate voting control.
• Porfirio Sánchez Talavera was appointed Chairman, Chief Executive Officer, and director on June 29, 2026; Aitan Zacharin resigned his officer roles and will remain a director only during the 10‑day period required under Rule 14f‑1.
• Related debt cancellations were executed with certain creditors; the Escrow Agreement and purchase and release agreements are filed as exhibits to the 8‑K.

Why It Matters
This filing shows a change in control: Trafalgar (and its principal, Porfirio Sánchez Talavera) now effectively controls nearly all voting power and can unilaterally determine board composition and stockholder‑approved matters. Management leadership has changed immediately with the new CEO/Chair appointment. Investors should note the governance shift and the concurrent debt restructurings, which could affect future strategic decisions, financing, and corporate direction.