Current Report Filing (8-k)
May 28 2020 - 8:48AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
May
26, 2020
Date
of Report (Date of earliest event reported)
The
Greater Cannabis Company, Inc.
(Exact
Name of Registrant as Specified in Charter)
Florida
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000-56027
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30-0842570
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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15
Walker Ave, Suite 101
Baltimore,
MD 21208
(Address
of Principal Executive Offices)
(443)
738-4051
(Registrant’s
telephone number, including area code)
N/A
(Former
Name or Former Address, if Changed Since Last Report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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None
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GCAN
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None
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Item
1.01 Entry into a Material Agreement
On
May 26, 2020, The Greater Cannabis Company, Inc. (the “Company”) entered into a surrender agreement with Emet Capital
Partners, LLC (“Emet”) pursuant to which Emet agreed to surrender its interests in the following convertible notes
free and clear of any liens, mortgages, adverse
claims, charges, security interests, encumbrances, and any interest of any third party and waive any rights or claims it may have
in respect of such notes in exchange for a payment of $70,000:
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1.
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Convertible
Redeemable Note issued on 10/18/19 in the amount of $3,128.79
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2.
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Convertible
Redeemable Note issued on 10/18/19 in the amount of $15,439.93
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3.
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Convertible
Redeemable Note issued on 10/18/19 in the amount of $7,018.15
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4.
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Convertible
Note issued on 10/18/19 in the amount of $451,504.95
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5.
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Convertible
Note issued on 10/18/19 in the amount of $112,876.28
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6.
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Convertible
Note issued on 10/18/19 in the amount of $99,331.13
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7.
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Convertible
Note issued on 10/18/19 in the amount of $11,287.65
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Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
The
following exhibits are furnished as part of this Current Report on Form 8-K:
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
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The
greater cannabis company, inc.
a
Florida corporation
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Dated:
May 28, 2020
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By:
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/s/
Aitan Zacharin
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Chief
Executive Officer
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