TRAFALGAR INTERNATIONAL, INC. (GCAN) Form 10-Q — Aug 14, 2026
Trafalgar International, Inc. (f/k/a The Greater Cannabis Company) reported no revenue for the six months ended June 30, 2026, but swung to net income of $578,002 ($0.60 per share) versus a $633,270 loss a year earlier, driven almost entirely by a $621,450 gain on cancellation of debt. Control of the company changed on June 29, 2026, when Trafalgar Asset Management, LLC — owned by Porfirio Sanchez Talavera — acquired all Series A and Series B preferred shares, giving it approximately 96.62% of voting power. Talavera became CEO and Chairman, Aitan Zacharin resigned as an officer, and on July 29, 2026 a new executive team and three new directors were appointed.
Key figures
- Eps
- 0.6
- Revenue
- 0
- Net Income
- 578002
- Total Debt
- 0
- Cash Position
- 111
- Shares Outstanding
- 994379
- Q2 2026 net income
- 611378
- Reverse split ratio
- 1:1500
- Szs milestone payments
- ["$75,000 Phase 2 initiation","$200,000 Phase 3 initiation","$300,000 first regulatory approval"]
- Gain on debt cancellation
- 621450
- Gain on preferred cancellation
- 1483
- Series a preferred outstanding
- 7628655
- Operating expenses six months 2025
- 91787
- Operating expenses six months 2026
- 44931
- Restated q1 2025 default penalties
- 138906
- Planned clinical investment up to usd
- 1000000
- Net cash provided by financing activities
- 10500
- Controlling shareholder voting power percent
- 96.62
AI analysis
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