Greater Cannabis Company Inc (GCAN)

[Sprycel]

ROFLMAO, well I guess I will provide the answer:

NOTE G - CAPITAL STOCK AND WARRANTS

Preferred Stock


On July 31, 2018, The Greater Cannabis Company, Inc. (the “Company”) acquired 100% of the issued and outstanding shares of Class A common stock of Green C Corporation (“Green C”) in exchange for 9,411,998 newly issued shares of the Company’s Series A Convertible Preferred Stock (the Exchange”). Each share of Series A Convertible Preferred Stock is convertible into 50 shares of common stock and is entitled to 50 votes on all matters as a class with the holders of common stock.

And here is who owns most of the Preferred A:

Loans from Elisha Kalfa and Yonah Kalfa, holders of a total of 2,966,666 shares of Series A Convertible Preferred stock $ 180,000 $ 180,000

Loan from Fernando Bisker and Sigalush, LLC, holders of a total of 2,966,666 shares of Series A Convertible Preferred stock 80,000 80,000

Total $ 260,000 $ 260,000

And here is why they give out the Preferred B and they did a fantastic job restructuring their convertible debt.

On February 14, 2019, the Company issued 9,000,000 shares of Series B Convertible Preferred Stock to Emet Capital Partners, LLC (“Emet”) in exchange for the surrender of all outstanding warrants held by Emet. Each share of Series B Convertible Preferred Stock is convertible into one share of Company common stock subject to adjustment in case, at the time of conversion, the market price per share of the Company common stock is less than $0.075 per share.

Oh and let's not forget one of the most important share structure numbers:

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 34,730,483 shares of common stock as of May 19, 2019.