Greater Cannabis Company completed a series of agreements that transferred control to Trafalgar Asset Management and simplified its balance sheet. Trafalgar acquired all outstanding Series A and Series B Preferred shares, resulting in approximately 96.62% of the company's aggregate voting power. Concurrently, the company entered into two debt cancellation agreements to extinguish certain obligations and used an escrow arrangement to facilitate closing. The steps are expected to enhance governance clarity and financial flexibility.
Agreement 1: Greater Cannabis Control Shifts to Trafalgar With 96.62% Voting Power via Series A Purchase
- Agreement type: Series A Share Purchase Agreement
- Counterparty: Various Series A Preferred holders and Trafalgar Asset Management
- Signed / Effective: Jun 29 2026 / Jun 29 2026
- Duration / Termination: One-time
- Reason: Transfer voting control and reposition ownership
Agreement 2: Greater Cannabis Completes Series B Preferred Sale to Trafalgar, Consolidating Voting Control
- Agreement type: Series B Share Purchase Agreement
- Counterparty: Trafalgar Asset Management and Aitan Zacharin
- Signed / Effective: Jun 29 2026 / Jun 29 2026
- Duration / Termination: One-time
- Reason: Consolidate decisive voting control
Agreement 3: Greater Cannabis Settles Debt With 02490585 Ontario and Yonah Kalfa in Release Agreement
- Agreement type: Debt Cancellation and Release Agreement
- Counterparty: 02490585 Ontario and Yonah Kalfa
- Signed / Effective: Jun 29 2026 / Jun 29 2026
- Duration / Termination: One-time
- Reason: Reduce debt burden and simplify capital structure
Agreement 4: Greater Cannabis Extinguishes Debt Owed to Sigalush Ventures and Fernando Bisker
- Agreement type: Debt Cancellation and Release Agreement
- Counterparty: Sigalush Ventures and Fernando Bisker
- Signed / Effective: Jun 29 2026 / Jun 29 2026
- Duration / Termination: One-time
- Reason: Streamline liabilities after change in control
Agreement 5: Greater Cannabis Uses Escrow to Close Share Purchases and Debt Cancellations
- Agreement type: Escrow Agreement
- Counterparty: John D. Thomas and certain Series A and Series B holders
- Signed / Effective: Jun 29 2026 / Jun 29 2026
- Duration / Termination: At will
- Reason: Facilitate orderly closing of transactions
Original SEC Filing:
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