---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-003602"
form_type: "8-K"
ticker: "GCAN"
cik: "0001695473"
company_name: "Greater Cannabis Company, Inc."
filed_at: "2025-04-10T23:59:59+00:00"
generated_at: "2026-05-23T17:19:20.912968+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# GCAN issues 100M shares to CEO for $10K deferred salary

## Summary
- CEO Aitan Zacharin received 100,000,000 restricted shares on April 3, 2025.
- Shares cover $10,000 in deferred compensation, implying $0.0001 per share.
- Issued under Section 4(a)(2) exemption from Securities Act registration.
- Issuance significantly dilutes existing shareholders without additional capital.

## SEC filing metadata
- accession: 0001641172-25-003602
- form_type: 8-K
- ticker: GCAN
- cik: 0001695473
- company_name: Greater Cannabis Company, Inc.
- filed_at: 2025-04-10T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1695473/000164117225003602/0001641172-25-003602-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1695473/000164117225003602/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-003602
- JSON: https://secwatch.observer/filing/0001641172-25-003602.json
- Plain text: https://secwatch.observer/filing/0001641172-25-003602.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.