STOCK TITAN

CNBX (CNBX): 3i group discloses 169M-share, 9.99% beneficial stake cap

(Neutral)
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

CNBX Pharmaceuticals Inc. is reported to have 169,341,400 shares of common stock beneficially owned by 3i, LP, 3i Management LLC, and Maier Joshua Tarlow as a group, representing 9.99% of the outstanding common stock. This ownership is based on 1,605,768,095 shares outstanding as of June 17, 2026. The position includes 80,000,000 shares currently held and 89,341,400 shares issuable upon conversion of a senior secured convertible note, subject to a 9.99% beneficial ownership limitation that prevents the holders and their affiliates from exceeding that percentage after any conversion. All three reporting persons share voting and dispositive power over the same 169,341,400 shares.

Positive

  • None.

Negative

  • None.
Beneficially owned shares 169,341,400 shares Shares of CNBX common stock beneficially owned by the reporting persons
Ownership percentage 9.99% Portion of CNBX common stock class reported as beneficially owned
Shares outstanding 1,605,768,095 shares CNBX common shares outstanding as of June 17, 2026, per Form 10-Q
Directly held shares 80,000,000 shares CNBX common stock directly held by 3i, LP
Shares issuable under Blocker 89,341,400 shares CNBX shares issuable upon note conversion counted within the 9.99% limit
Note principal $572,404 Approximate principal amount of senior secured convertible note held by 3i
Maximum shares under note 7,155,054,750 shares Maximum CNBX shares into which the note is convertible at alternate price as of June 30, 2026
beneficial ownership financial
"Consequently, 3i is the beneficial owner of 169,341,400 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.
senior secured convertible note financial
"shares of Common Stock issuable upon conversion of a senior secured convertible note (the "Note")"
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 limitation financial
"which conversion is subject to a 9.99% beneficial ownership limitation provision (the "Blocker")"
A beneficial ownership limitation is a rule that caps the percentage of a company’s shares an investor can be treated as owning or controlling for voting, regulatory or tax purposes. It matters to investors because it can restrict how many shares a person or group can buy or vote, affect takeover chances, and influence share liquidity and value — like a speed limit that prevents any single driver from taking over the whole road.
Blocker financial
"as a result of the triggering of the 9.99% Blocker contained in the Note"
shared voting power financial
"Shared Voting Power 169,341,400.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
dispositive power financial
"Shared Dispositive Power 169,341,400.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

FAQ

How many CNBX shares do the reporting persons currently hold and how many are issuable from the note?

The group reports holding 80,000,000 CNBX shares directly and up to 89,341,400 shares issuable upon conversion of a senior secured convertible note, all counted within the 169,341,400 beneficially owned shares subject to a 9.99% cap.

What is the size of CNBX’s total shares outstanding used in this Schedule 13G/A?

The ownership calculations use 1,605,768,095 CNBX common shares outstanding as of June 17, 2026, as disclosed in CNBX’s Form 10-Q for the period ended May 31, 2026, filed on June 24, 2026.

What are the key terms of the senior secured convertible note held by 3i regarding CNBX?

3i holds a senior secured convertible note with principal of approximately $572,404, convertible into up to 7,155,054,750 CNBX shares at an alternate conversion price as of June 30, 2026, but conversions are limited by a 9.99% beneficial ownership Blocker.

Who are the reporting persons in this CNBX Schedule 13G/A Amendment No. 9?

The filing identifies three reporting persons: 3i, LP, a Delaware limited partnership; 3i Management LLC, its Delaware general partner; and Maier Joshua Tarlow, a U.S. citizen who manages 3i Management and shares voting and dispositive power over the CNBX shares.

Do the reporting persons have sole or shared voting power over the CNBX shares?

Each reporting person reports 0 shares of sole voting power and 169,341,400 shares of shared voting power, with the same figures for shared dispositive power, reflecting joint control over the reported CNBX position.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





13764M209

(CUSIP Number)
06/30/2026

(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. 9 to Statement on Schedule 13G (''Amendment No. 9''), such shares and percentage are based on 1,605,768,095 shares of common stock, par value $0.0001 per share, of the issuer (the ''Common Stock'') outstanding as of June 17, 2026, as disclosed in the issuer's Quarterly Report on Form 10-Q for the fiscal period ended May 31, 2026, filed with the U.S. Securities and Exchange Commission (the ''SEC'') on June 24, 2026 (the ''Form 10-Q''). Beneficial ownership consists of (i) 80,000,000 shares of Common Stock directly held by the reporting person and (ii) 89,341,400 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. 9, such shares and percentage are based on 1,605,768,095 shares of Common Stock outstanding as of June 17, 2026, as disclosed in the Form 10-Q. Beneficial ownership consists of (i) 80,000,000 shares of Common Stock indirectly held by the reporting person and (ii) 89,341,400 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. 9, such shares and percentage are based on 1,605,768,095 shares of Common Stock outstanding as of June 17, 2026, as disclosed in the Form 10-Q. Beneficial ownership consists of (i) 80,000,000 shares of Common Stock indirectly held by the reporting person and (ii) 89,341,400 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:08/14/2026
3i Management LLC
Signature:/s/ Maier Joshua Tarlow
Name/Title:Maier Joshua Tarlow, Manager
Date:08/14/2026
Maier Joshua Tarlow
Signature:/s/ Maier Joshua Tarlow
Name/Title:Maier Joshua Tarlow
Date:08/14/2026

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).