Greater Cannabis swings to 1H FY26 net income of $598,004; revenue remains no revenue
GCAN•Other income and expenses
Other income rose to $642,933, due to $621,450 of debt cancellation and $21,483 from cancellation of preferred stock B.
Operating expenses fell 51.05% to $44,929, led by officers compensation of $30,000 alongside amortization, professional fees, and R&D costs.
Revenue and cash position
Revenue was unchanged at no revenue, while cash slid to $111 at June 30, 2026 from $815 at Dec. 31, 2025.
Six-month results turn profitable
Greater Cannabis posted net income of $598,004 for the six months ended June 30, 2026, returning to profit from a net loss.
Change in control and strategy shift
Following a June 29, 2026 change in control, the company began shifting toward acquisitions and investments in financial services, technology, and intellectual property.
