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This is what's happening folks...
ST. PETERSBURG, FL, Aug. 06, 2018 (GLOBE NEWSWIRE) -- The Greater Cannabis Company, Inc. (OTC Pink: GCAN) (“the Company”) is pleased to announce that it has acquired Green C Corporation through a Share Exchange Agreement dated July 31, 2018.
On July 31, 2018, the Company and Green C Corporation (Green C”) closed on a Share Exchange Agreement whereby the Company issued to the holders of Green C’s common stock a newly designated Preferred Stock titled Series A Convertible Preferred Stock (“Series A”) for all of the issued, and outstanding shares of common stock of Green C. Upon closing, Green C became a wholly owned subsidiary of the Company. Further details of the transaction can be found in the Company’s 8-K filed with the Securities and Exchange Commission at www.sec.gov.
Green C is a Canadian company focused on innovative drug delivery systems for the Cannabis industry and has an exclusive worldwide license for PharMedica’s “Eluting Transmucosal Patch Platform (ETP)” for non-invasive drug delivery for use in the Cannabis field. Some of the major advantages to the drug delivery platform include its rapid onset or slow, controlled and sustained release delivery capabilities. Green C has leveraged the ETP technology to manufacture a controlled and sustained release dose of Cannabinoids all on one oral patch.
As part of the transaction, the existing directors of GCAN will be stepping down and new directors and officers will be appointed. Mr. Aitan Zacharin, former founder and director of Fuse Science and an experienced public biotech executive, will be leading the Company as its CEO. Mr. Mark Radom will serve as the Company’s chief legal officer, and corporate counsel. “I am honored and excited to be leading GCAN as a biotechnology innovator in the Cannabis space,” said Mr. Zacharin. “We have licensed a technology that comes from decades of research and development of a novel delivery system, which improves drug bioavailability with improved efficacy.” “I look forward to working with our team in an effort to bring this important innovation to the global Cannabis market, and address a real unmet need for millions of patients.”
The Company is pleased to announce that its common stock is now quoted under the symbol “GCAN.” The Company’s market capitalization consists of 29,580,969 outstanding shares, and 10 million shares of authorized preferred stock as of July 31, 2018. Upon receipt of the date stamped designation of the newly formed Series A, the Company will issue 10,000,000 shares of the Series A to the former Green C shareholders.
The Company will be submitting its application in the coming weeks to OTC Markets to be uplisted to the OTCQB.
Outgoing director of GCAN, Wayne Anderson, had this to say about the transaction, “I wish to thank our loyal shareholders who have been exceptionally patient during the process of publicly listing GCAN. We have exhausted numerous hours completing our due diligence on the best path for GCAN in the Cannabis sector. We are confident that Green C’s drug delivery technology licensed from Pharmedica coupled with their stellar management team will lead GCAN to be a leader and innovator in the rapidly growing Cannabis industry. I look forward to working with the new management team over the next month as Green C transitions into GCAN and takes the helm.”
About Green C Corporation
Green C is a Canadian company focused on innovative delivery systems for the Cannabis industry and has the exclusive worldwide license for PharMedica’s Eluting Transmucosal Patch Platform (ETP) for non-invasive drug delivery for use in the Cannabis field. The company holds the rights to new delivery technologies using a bio-adhesive, adjustable dose, and fully dissolvable, non-irritant patch, which provides for a needle free, intra-oral systemic drug delivery. The conveyance technology is designed to accelerate and enhance the delivery and bioavailability of medicines and nutraceuticals when compared to traditional methods of enteral administration.
About The Greater Cannabis Company, Inc.
The Greater Cannabis Company, Inc. was formed in March 2014 as a limited liability company under the name, The Greater Cannabis Company, LLC. The Company remained a wholly owned subsidiary of Sylios Corp until March 2017. The Company’s business plan is to concentrate on cannabis related investment and development opportunities through its direct equity investments, joint ventures, licensing agreements, or acquisitions. Further information can be found on the Company’s website at www.greatercannabiscompany.com.
I had a million AXX#A 1 month before the run. It was TL"NUF when I bought it at .001. I made 50% and then it ran to .38. This one I'm not making the same mistake. I'll be on the whole run son!!
GCAN ...yes it can
29 million OS!!!
If they've all sold then the stocks have held up pretty well considering.
Why the stock promotion warning on OTC Markets? Also wondering why there are shares in the DTC. Thanks in advance ;)
Folks better lock up their shares! Don't let the MMs short yours! Make your GTC limit sell orders for $20 and let em ride!!
$GCAN is gonna fly!!
Exactly!! I was lucky enough to get 30s in the dip today. If it goes lower I'll be selling other ones to get more here! The share structure is beautiful!! Sure to run hard! At least that's how I'm seeing it.
Cheers
Man, that's a great share structure! This one is set up for dollars for sure!! Glad to be on the ground floor here.
$GCAN
I LOVE the share structure!! Very similar to MedM+n. The website looks nice too!! This one's gonna be fun!!
Share Structure
Market Cap
10,961,746
09/19/2018
Authorized Shares
500,000,000
09/14/2018
Outstanding Shares
29,380,969
09/14/2018
Tomorrow...let the chase begin! CANB reversal is complete! Cup cometh. There's most definitely a MANIA going on out there!! Whew!!
The VOLUME was 3-4 times BIGGER than what brought $12! It's 3-4 times bigger than EVER!! $20 by eom
29 million available shares!! Similar share structure to MM%FF and it's almost $5. Buckle up, crazy cup!!
Looking awesome!! Indicators, volume, everything!! The breakout is official!!
Settung up for leg 3 tomorrow. Looks like sellers are out of shares. Website looks great too!
So does Canna Coke ;)
.0175 hod tomorrow. Big ol' breakout candle. That would make for a fun week!
I study the sector daily and just realized what was going on here today. I just realized that ABcann changed to Vivo. There's so much going on its hard to keep up with! I'm super interested now!! I think people just need to catch on to Vivo like I did today and the pps will increase quickly. Good luck
Looks like we break out this week! Like tomorrow even! Sweet! Then the CBD rescheduling and BOOOOM!!!
wow the action today. looks like 5s were the ducks and 7s were the goose but no one ran...ha
Someone wanna gimme the 50k shares I sold for .014 minutes be for the spike? Your welcome for setting off the run. Lol...ugh, yeah
Congrats winners!!
The mostest volumest Everest. Has anyone LOOKED at a chart? LOL the everything is cross the everything else...up!!! Totally bullishly!!! This is rad.
Thanks, got em. You can run again now ;)
Lol see the chart? I was predicting the price action. Just off a bit. The high only got to 1.38 in premarket and the low only got to 1.03 but it might dip again. Let's see if we get the strong mid day run back to green. That would show some real strength in the move.
Gapping up today?
$CRXPF $GGTTF these guys are pretty new and have big things going on. They are both undervalued to their peers. Definitely worth a look.
Yep, love the article! Brought a huge smile to my face! It's hard to find a better deal right now. Many overvalued peers out there. People just started finding our about Crop last week. Ground floor!!
I could see that. Under .30 is pure gold!!
Well the motor got started last week. Let's rev it up and let it fly!!! 86 million OS.$0.26US!! Big eyes are looking now. Time to move! $2 should be easy. Crop's peers are valued so much higher.
Shhhhh...trying to load a few more...;)
Your welcome. I'm just keeping it real and calling it like I see it. I appreciate our genuine dialogue. Cheers
Thinking maybe up early Monday to 1.65 morning followed quickly by a profit taking sell off into a panic sell off to .92 and finish up another 30% eod?
400% by eoy.
From the tweets it seems that all will be revealed soon. From the board it seems like nothing will ever be revealed. From the L2 it seems the market doesn't care about the tweets enough to move the bid to 6 but they care enough to really want the 5s. What will happen next, no one knows but many have opinions, analysis...and emotions that drive their ideas. Guess away!
$USEI go boom
I hear you but that being said, he started talking about CVS! before it ran. He talked about how much he underestimated it. He does that a lot. Great day in CNBX even with his flip crew flippin
It was only a matter of time that the price caught up to the news and developments. Great to see CNBX getting in the mix. It came out as a Sykes alert today too. More eyes!
Watching now on YouTube.
It's amazing that anyone could believe this crap. Unnamed "official" says that the US "may" ban people...gee thanks lol how the heck would they know if people are investing in MJ or investing at all?? Or ever smoke?? Seriously, crazy
Wait, so nobody who invests in MJ can cross the boarder?? LMFAO!! Who makes this sh!t up?? Customs is checking portfolios??? Ludicrous!! and hilarious!!
Yo! Where ya been? Funny thing about "facts" is they can be proven. Can you prove anything?