Greater Cannabis Company Reports $633K Net Loss for First Half of 2025

The Greater Cannabis Company, Inc. reported a net loss of $633,270 for the six months ended June 30, 2025, compared to a loss of $89,528 during the same period in 2024. The company did not generate any revenue from product sales or consulting fees in either fiscal period. Operating expenses increased to $91,787 in the first half of 2025 from $78,208 in the prior year, primarily due to higher other operating expenses and stock-based compensation. The loss from operations for the first half of 2025 was $91,787, compared to a loss of $78,208 in 2024.

In terms of financial position, total assets decreased to $26,712 as of June 30, 2025, down from $57,785 at the end of 2024. Current liabilities rose to $1,098,955, up from $898,058, largely due to increased accrued interest and penalties related to note defaults. The company’s accumulated deficit also widened to $5,293,615 from $4,660,345, reflecting ongoing financial challenges. The total stockholders' deficiency increased to $1,072,243, compared to $840,273 at the end of the previous fiscal year.

Strategically, the company has made significant changes to its capital structure, issuing 275 million shares of common stock for notes payable conversion and 100 million shares for accrued compensation during the first half of 2025. This resulted in an increase in the number of outstanding shares to 1,349,888,436 as of June 30, 2025, compared to 804,638,436 shares at the end of 2024. The issuance of shares was part of efforts to manage debt and improve liquidity, although it has contributed to the dilution of existing shareholders.

Operationally, the company has not reported any customer counts or user statistics, and there are no indications of geographic expansion or product adoption rates in the filing. The lack of revenue generation and customer engagement metrics suggests that the company is still in a developmental phase, focusing on restructuring and financial stabilization. The employee headcount remains unspecified, but the company has indicated challenges in attracting and retaining qualified personnel.

Looking ahead, Greater Cannabis Company has acknowledged various risks that could impact its future performance, including the need for additional financing to support growth plans and the potential inability to remediate identified weaknesses in internal controls. The company has not provided specific forward-looking revenue or profitability guidance, but it has indicated that actual results may differ materially from expectations due to market conditions and operational uncertainties.