STOCK TITAN

New controlling owner takes charge at Greater Cannabis Company (GCAN)

(High)
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

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.

Positive

  • None.

Negative

  • None.

Filing Explained

Control changed through a purchase from existing holders, not a disclosed issuer sale; price, funding, and escrow terms remain in referenced agreements.

The July 16 Schedule 13D treats the June 29, 2026 purchase as completed and describes it as a purchase from certain shareholders, so the disclosed control change is a transfer of existing securities rather than an issuer sale of these shares.

Schedule 13D is used to report ownership above 5%; here, the reporting persons also state that they may propose or undertake actions after reviewing the company’s business, operations, capitalization, and strategic opportunities.

The filing does not state the consideration or funding amount, instead referring to the Series A and Series B Share Purchase Agreements for those details; the purchase price and funding cannot therefore be sized from this filing.

The filing identifies the two Share Purchase Agreements and an Escrow Agreement as the documents to consult for the transaction terms, while leaving any later action subject to the reporting persons’ ongoing review.

Series A Preferred acquired 7,628,665 shares Series A Preferred Stock purchased by Trafalgar Asset Management, LLC
Series B Preferred acquired 1,000 shares Series B Preferred Stock purchased by Trafalgar Asset Management, LLC
Total preferred shares owned 7,629,665 shares Aggregate Series A and Series B Preferred beneficially owned by the reporting persons
Aggregate votes controlled 28,435,885 votes Voting rights attached to the Series A and B Preferred Stock held
Share of issuer voting power 96.62 % Portion of Greater Cannabis Company’s aggregate voting power represented by the preferred shares
Percent of preferred class owned 100 % Percent of the Series A and Series B Preferred Stock class beneficially owned
Rule 14f-1 waiting period 10 days Period before the former CEO’s resignation as director becomes effective
Share Purchase Agreement date June 29, 2026 Date of the Series A and Series B Share Purchase Agreements
Series A Preferred Stock financial
"purchased (i) 7,628,665 shares of Series A Preferred Stock; and (ii) 1,000"
Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.
Series B Preferred Stock financial
"purchased (i) 7,628,665 shares of Series A Preferred Stock; and (ii) 1,000 shares of Series B Preferred Stock"
Series B preferred stock is a type of ownership share issued by a company that offers certain advantages over common stock, such as priority in receiving dividends or assets if the company is sold or liquidated. It is typically issued after an initial round of funding, making it a way for investors to support a company's growth while gaining some protections and benefits. This stock matters to investors because it often provides a more secure investment position with potential for future growth.
beneficially own financial
"The Reporting Persons beneficially own 7,628,665 shares of Series A Preferred Stock, and 1,000 shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
aggregate voting power financial
"representing an aggregate of 28,435,885 votes or 96.62% of the aggregate voting power"
Rule 14f-1 regulatory
"until the expiration of the ten-day period required by Rule 14f-1 , after which his"
Schedule 13G regulatory
"previously filed a statement on Schedule 13G to report the acquisition that is the subject"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

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

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FAQ

What stake did Trafalgar Asset Management acquire in Greater Cannabis Company (GCAN)?

Trafalgar Asset Management acquired 7,628,665 Series A and 1,000 Series B Preferred shares of Greater Cannabis Company. Together, these 7,629,665 preferred shares give the reporting persons a controlling voting position in the issuer.

How much voting power in GCAN do the reporting persons control?

The reporting persons control 28,435,885 votes, equal to 96.62% of GCAN’s aggregate voting power. This level of voting control allows them to determine director elections and substantially all matters requiring stockholder approval.

What classes of securities are covered in this GCAN Schedule 13D filing?

The filing covers Series A and Series B Preferred Stock of Greater Cannabis Company, Inc. The reporting persons beneficially own all 7,629,665 shares of these preferred classes, representing 100% of the Series A and B Preferred class.

What management changes occurred at Greater Cannabis Company (GCAN) in connection with this transaction?

Porfirio Sanchez Talavera was appointed Chief Executive Officer, Chairman of the Board and a director. The former CEO resigned from all officer positions and will resign as a director after a 10-day Rule 14f-1 waiting period.

What is the relationship between Trafalgar Asset Management and Porfirio Sanchez Talavera at GCAN?

Trafalgar Asset Management, LLC is wholly-owned by Porfirio Sanchez Talavera. Through Trafalgar and his ownership, Sanchez Talavera shares voting and dispositive power over the preferred shares and serves as GCAN’s Chief Executive Officer and Chairman.

When were the share purchase agreements for GCAN’s preferred stock signed and where are they filed?

Both the Series A and Series B Share Purchase Agreements are dated June 29, 2026. Copies are incorporated by reference as Exhibits 10.1 and 10.2 to Greater Cannabis Company’s Form 8-K filed on July 7, 2026.





000000000

(CUSIP Number)
John D. Thomas
11616 South State Street, Suite 1504,
Draper, UT, 84020
801-816-2536

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/29/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


Trafalgar Asset Management, LLC
Signature:/s/ Porfirio Sanchez Talavera
Name/Title:Porfirio Sanchez Talavera, Manager
Date:07/16/2026
Porfirio Sanchez Talavera
Signature:/s/ Porfirio Sanchez Talavera
Name/Title:Porfirio Sanchez Talavera
Date:07/16/2026