Trafalgar International, Inc. (GCAN) says its board approved a restated charter and it obtained written consents from Trafalgar Asset Management, LLC, holder of all outstanding Series A and Series B preferred shares. No shareholder meeting will be held and no proxies are being solicited. The restated articles will not be filed or become effective until at least 20 calendar days after the definitive information statement is sent and applicable legal requirements are met.
The restatement would authorize 2,000,000,000 common shares and 20,000,000 preferred shares. It would eliminate conversion rights for 7,628,665 outstanding Series A shares and 1,000 outstanding Series B shares; historical conversion terms could have represented 481,433,250 potential common shares before adjustments and other limitations. Series A would lose general voting and preferential liquidation rights. Series B would have at least 51% of aggregate voting power on matters it may vote, calculated on a specified fully diluted basis, and retain a $1.00-per-share liquidation preference. The company says this voting concentration may discourage a change of control.
Trafalgar International, Inc. (GCAN) says its board approved amended and restated Articles of Incorporation, revising authorized capital stock and the rights, preferences, privileges, and limitations of its Series A and Series B preferred stock. The requisite shareholders approved the corporate actions through written consent in lieu of a meeting. The articles become effective upon filing with the Florida Department of State. The board also authorized preparation and filing of a preliminary information statement; the company intends to file it with the SEC and distribute a definitive information statement to shareholders.
TRAFALGAR INTERNATIONAL, INC. (GCAN) announced an immediate change in executive leadership. On September 18, 2026, the board accepted the resignation of Porfirio Sanchez Talavera as Chief Executive Officer; he will remain Chairman of the Board. Concurrently, the board appointed Carlos Septién as Chief Executive Officer, and he resigned from his prior role as Chief Operating Officer.
The change aligns with the company’s recent name change to Trafalgar International, Inc. and its focus on an acquisition and business development strategy in financial services, technology and intellectual property. The company states that the resignations did not result from any disagreement over operations, policies or practices, and that Carlos Septién’s appointment (including to the board, following the Section 14(f) 10-day period) was not made pursuant to any arrangement other than in connection with Trafalgar Asset Management, LLC’s acquisition of control and ongoing strategic initiatives.
Trafalgar International, Inc. (GCAN) reported no revenue for the three and six months ended June 30, 2026, continuing its pre‑revenue status. Operating expenses fell sharply, leading to an operating loss of $11,555 for the quarter and $44,931 for the first half of 2026.
Net income was driven entirely by non‑operating items. The company recorded a $621,450 gain on cancellation of debt and a $1,483 gain on cancellation of preferred stock A, producing quarterly net income of $611,378 and first‑half net income of $578,002, compared with losses in 2025. Cash was only $111 at June 30, 2026, with current liabilities of $12,239 and negative working capital of $12,128, and management concluded there is substantial doubt about its ability to continue as a going concern through June 2027.
During the period, all related‑party loans and third‑party notes payable were eliminated, materially reducing liabilities and stockholders’ deficiency to $(12,128). A 1‑for‑1,500 reverse stock split became effective in October 2025, and 994,379 common shares were outstanding as of August 14, 2026. On June 29, 2026, control shifted to Trafalgar Asset Management, LLC, which now holds approximately 96.62% of voting power via Series A and super‑voting Series B preferred stock, and the company is transitioning from cannabis‑focused activities toward broader financial services, technology and intellectual property businesses.
The Greater Cannabis Company, Inc. describes a recent change in control and resulting changes to its Board and management. On June 29, 2026, Trafalgar Asset Management, LLC, owned and controlled by Porfirio Sanchez Talavera, acquired a controlling interest by purchasing 7,628,665 shares of Series A Preferred Stock and 1,000 shares of Series B Preferred Stock, giving the controlling shareholder the voting power to determine Board elections and other stockholder matters.
Following this transaction, Sanchez Talavera became Chief Executive Officer, Chairman and sole director. On July 29, 2026, he approved the appointments of Carlos Septién, Michelle Cervantes Vivanco, and Ernesto Gómez Berjón to the Board, which will take effect after the ten-day Rule 14f-1 notice period, resulting in a four-member Board that also fills the key executive roles of COO, CFO and Chief Growth Officer.
The company’s capital structure consists of 2,000,000,000 authorized common shares with 994,379 outstanding, 10,000,000 authorized Series A Preferred with 7,628,665 outstanding, and 1,000 outstanding Series B Preferred. Series A carries 1.76 votes per share, while the Series B collectively carries 51% of total voting power, leading to an aggregate voting power of 96.62% held by the controlling shareholder and related entities. The statement also notes compromise and extinguishment of certain indebtedness in connection with the share purchase and provides recent executive compensation and governance disclosures.
The Greater Cannabis Company, Inc. approved significant governance and capital-structure changes on July 29, 2026. The board expanded to add Carlos Septién, Michelle Cervantes Vivanco and Ernesto Gómez Berjón as directors, with Septién becoming Chief Operating Officer, Cervantes Vivanco Chief Financial Officer and Gómez Berjón Chief Growth Officer, while Porfirio Sanchez Talavera remains Chief Executive Officer and Chairman. These director appointments become effective after a ten-day Schedule 14F-1 information period.
The board authorized a corporate name change to Trafalgar International, Inc. and a one-for-five (1-for-5) reverse stock split of issued and outstanding Common Stock, with fractional shares rounded up, leaving authorized Common and Preferred Stock unchanged. Articles of Amendment and related regulatory submissions, including FINRA corporate action notifications, will determine the effective dates. The board also adopted Amended and Restated Bylaws to align with the company’s current governance structure.
Trafalgar Asset Management, LLC, wholly owned by Porfirio Sanchez Talavera, acquired 7,628,665 shares of Series A Preferred Stock and 1,000 shares of Series B Preferred Stock of Greater Cannabis Company, Inc., totaling 7,629,665 preferred shares. These securities carry 28,435,885 votes, representing 96.62% of the issuer’s aggregate voting power and 100% of the Series A and Series B preferred class.
The preferred shares were purchased in privately negotiated transactions under Series A and Series B Share Purchase Agreements dated June 29, 2026. As part of the change in control, Porfirio Sanchez Talavera became Chief Executive Officer, Chairman of the Board and a director, while the former CEO resigned all officer roles and will resign as director after a 10-day Rule 14f-1 period.
Trafalgar Asset Management, LLC, identified as a ten percent owner of Greater Cannabis Company, Inc., reports beneficial holdings of 7,628,665 shares of Series A Preferred Stock and 1,000 shares of Series B Preferred Stock as of June 29, 2026. The report notes that Porfirio Sanchez Talavera, as the beneficial owner of Trafalgar, may be deemed to share voting and investment power over these securities.
Greater Cannabis Company, Inc. director, CEO, Chairman and more-than-10% owner Porfirio Sanchez Talavera reported his initial beneficial holdings. He indirectly holds 1,000 shares of Series B Preferred Stock and 7,628,665 shares of Series A Preferred Stock through Trafalgar Asset Management, LLC as of June 29, 2026.
The Greater Cannabis Company, Inc. furnished a Schedule 14F-1 Information Statement reporting a change in control following a Share Purchase by Trafalgar Asset Management, LLC that gave it voting control of the company.
The filing states 7,628,665 shares of Series A Preferred and 1,000 shares of Series B Preferred were purchased, yielding approximately 96.62% of aggregate voting power as of June 29, 2026. Porfirio Sanchez Talavera was appointed Chairman and Chief Executive Officer and will remain as sole director after the 10-day Rule 14f-1 period expires.