STOCK TITAN

3i Group and affiliates hold 9.99% of CNBX (NASDAQ: CNBX) after Amendment No. 8

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

3i, 3i Management and Maier Joshua Tarlow report beneficial ownership of 124,946,375 shares (9.99%) of CNBX Pharmaceuticals. The percentage is calculated using 1,225,768,095 shares outstanding as of March 17, 2026, which incorporates the issuer's February 28, 2026 total and a 100,000,000 share issuance on March 17, 2026. The reported holdings include 100,000,000 shares directly (or indirectly) held and 24,946,375 shares issuable upon conversion of a senior secured convertible note that is subject to a 9.99% beneficial ownership limitation (the "Blocker").

Positive

  • None.

Negative

  • None.

Insights

Amendment updates beneficial ownership to 9.99% with a conversion blocker in place.

The filing restates that 3i (via 3i Management) and Mr. Tarlow are collectively reported as beneficial owners of 124,946,375 shares, representing 9.99% of common stock based on 1,225,768,095 shares outstanding as of March 17, 2026. The position combines 100,000,000 shares and 24,946,375 shares issuable on conversion of a senior secured convertible note.

The convertible note includes a 9.99% Blocker that limits conversion to avoid ownership above that threshold; this is the operative constraint on further immediate dilution from conversion. Subsequent filings would show any conversion activity or changes to the outstanding share base.

Shares outstanding 1,225,768,095 shares outstanding as of March 17, 2026
Beneficial ownership 124,946,375 shares reported beneficial ownership by 3i, 3i Management and Maier Joshua Tarlow
Ownership percent 9.99% percent of class based on 1,225,768,095 shares outstanding as of March 17, 2026
Directly held shares 100,000,000 shares shares held directly (or indirectly) by 3i as disclosed
Shares issuable on conversion 24,946,375 shares issuable upon conversion of the senior secured convertible note subject to Blocker
Note principal $572,404 approximate principal amount of the senior secured convertible note
Max convertible shares (alternate price) 7,155,054,750 shares conversion assuming alternate conversion price as of March 31, 2026
9.99% beneficial ownership limitation (Blocker) regulatory
"conversion is subject to a 9.99% beneficial ownership limitation"
senior secured convertible note financial
"the Note in the principal amount of approximately $572,404, which is convertible"
A senior secured convertible note is a loan a company takes that is backed by specific assets and has first claim on repayment ahead of other creditors, but can also be exchanged for company shares under agreed conditions. For investors it signals higher priority if the company struggles (like a mortgage holder vs a general creditor) while also creating potential stock dilution if the loan is converted into equity, affecting value and recovery prospects.
beneficial ownership regulatory
"3i is the beneficial owner of 124,946,375 shares of Common Stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.





13764M209

(CUSIP Number)
03/31/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: As more fully described in Item 4 of this Amendment No. 8 to Statement on Schedule 13G (''Amendment No. 8''), such shares and percentage are based on 1,225,768,095 shares of common stock, par value $0.0001 per share, of the issuer (the ''Common Stock'') outstanding as of March 17, 2026, which includes the total shares of Common Stock outstanding as of February 28, 2026, as disclosed in the issuer's Quarterly Report on Form 10-Q for the fiscal period ended February 28, 2026, filed with the U.S. Securities and Exchange Commission (the ''SEC'') on April 14, 2026 (the ''Form 10-Q''), as well as 100,000,000 shares of Common Stock issued to the reporting person by the issuer on March 17, 2026, as disclosed in the Form 10-Q. Beneficial ownership consists of (i) 100,000,000 shares of Common Stock directly held by the reporting person and (ii) 24,946,375 shares of Common Stock issuable upon conversion of a senior secured convertible note (the ''Note'') held directly by the reporting person, which conversion is subject to a 9.99% beneficial ownership limitation provision (the ''Blocker'').


SCHEDULE 13G




Comment for Type of Reporting Person: As more fully described in Item 4 of this Amendment No. 8, such shares and percentage are based on 1,225,768,095 shares of Common Stock outstanding as of March 17, 2026, which includes the total shares of Common Stock outstanding as of February 28, 2026, as disclosed in the Form 10-Q, as well as 100,000,000 shares of Common Stock issued to 3i, LP by the issuer on March 17, 2026, as disclosed in the Form 10-Q. Beneficial ownership consists of (i) 100,000,000 shares of Common Stock indirectly held by the reporting person and (ii) 24,946,375 shares of Common Stock issuable upon conversion of the Note held indirectly by the reporting person, which conversion is subject to a 9.99% Blocker.


SCHEDULE 13G




Comment for Type of Reporting Person: As more fully described in Item 4 of this Amendment No. 8, such shares and percentage are based on 1,225,768,095 shares of Common Stock outstanding as of March 17, 2026, which includes the total shares of Common Stock outstanding as of February 28, 2026, as disclosed in the Form 10-Q, as well as 100,000,000 shares of Common Stock issued to 3i, LP by the issuer on March 17, 2026, as disclosed in the Form 10-Q . Beneficial ownership consists of (i) 100,000,000 shares of Common Stock indirectly held by the reporting person and (ii) 24,946,375 shares of Common Stock issuable upon conversion of the Note held indirectly by the reporting person, which conversion is subject to a 9.99% Blocker.


SCHEDULE 13G



3i, LP
Signature:/s/ Maier Joshua Tarlow
Name/Title:Maier Joshua Tarlow, Manager of 3i Management LLC, General Partner of 3i, LP
Date:05/08/2026
3i Management LLC
Signature:/s/ Maier Joshua Tarlow
Name/Title:Maier Joshua Tarlow, Manager
Date:05/08/2026
Maier Joshua Tarlow
Signature:/s/ Maier Joshua Tarlow
Name/Title:Maier Joshua Tarlow
Date:05/08/2026

Comments accompanying signature: LIST OF EXHIBITS Exhibit No. 1 - Joint Filing Agreement, dated March 6, 2023 (incorporated by reference to Exhibit 1 to the Schedule 13G filed by the Reporting Persons with the SEC on March 6, 2023).

FAQ

How many CNBX shares do 3i and affiliates report owning?

They report beneficial ownership of 124,946,375 shares (9.99%). This total combines 100,000,000 shares held directly or indirectly and 24,946,375 shares issuable upon conversion of a senior secured convertible note subject to a 9.99% cap.

What share count is the 9.99% ownership based on for CNBX?

The percentage is based on 1,225,768,095 shares outstanding as of March 17, 2026. That figure incorporates the issuer's February 28, 2026 outstanding total and a 100,000,000 share issuance on March 17, 2026, as disclosed in the Form 10-Q.

What is the "Blocker" referenced in the filing?

The "Blocker" is a 9.99% beneficial ownership limitation in the senior secured convertible note that prevents conversion if conversion would cause beneficial ownership to exceed 9.99%. It constrains the immediate conversion economics of the noteholder group.

How many shares could the convertible note convert into per the filing?

The filing states the Note is convertible into up to 7,155,054,750 shares assuming conversion at the alternate conversion price as of March 31, 2026. Practical conversion is limited by the 9.99% Blocker described in the filing.