{"url_path":"/sec/gcan/10-q/2026/item-7","section_key":"item-7","section_title":"Item 7 [Signatures](#sd_012)","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/1695473/0001493152-26-022628-index.html","accession_number":"0001493152-26-022628","cik":"0001695473","ticker":"GCAN","issuer_name":"Greater Cannabis Company, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1695473/0001493152-26-022628-index.html","primary_entity_key":"0001695473","primary_entity_name":"Greater Cannabis Company, Inc."},"word_count":757,"has_tables":true,"body_markdown":"Item\n7\n[Signatures](#sd_012)\n9\n\n \n\n2\n\n \n\n \n\n**Cautionary\nNote Regarding Forward Looking Statements**\n\n \n\nThis\nquarterly report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E\nof the Securities Exchange Act of 1934. The words “believe,” “expect,” “anticipate,” “intend,”\n“estimate,” “may,” “should,” “could,” “will,” “plan,” “future,”\n“continue, “and other expressions that are predictions of or indicate future events and trends and that do not relate to\nhistorical matters identify forward-looking statements. These forward-looking statements are based largely on our expectations or forecasts\nof future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties,\na number of which are beyond our control. Therefore, actual results could differ materially from the forward-looking statements contained\nin this document, and readers are cautioned not to place undue reliance on such forward-looking statements. We undertake no obligation\nto publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. A wide\nvariety of factors could cause or contribute to such differences and could adversely impact revenues, profitability, cash flows and capital\nneeds. There can be no assurance that the forward-looking statements contained in this document will, in fact, transpire or prove to\nbe accurate. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the\nrisks in the section entitled “Risk Factors” that may cause our or our industry’s actual results, levels of activity,\nperformance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed\nor implied by any forward-looking statements.\n\n \n\nImportant\nfactors that may cause the actual results to differ from the forward-looking statements, projections or other expectations include, but\nare not limited to, the following:\n\n \n\n \n●\nrisk\nthat we will not be able to remediate identified material weaknesses in our internal control over financial reporting and disclosure\ncontrols and procedures;\n\n \n \n \n\n \n●\nrisk\nthat we fail to meet the requirements of the agreements under which we acquired our business interests, including any cash payments\nto the business operations, which could result in the loss of our right to continue to operate or develop the specific businesses\ndescribed in the agreements;\n\n \n \n \n\n \n●\nrisk\nthat we will be unable to secure additional financing in the near future in order to commence and sustain our planned development\nand growth plans;\n\n \n \n \n\n \n●\nrisk\nthat we cannot attract, retain and motivate qualified personnel, particularly employees, consultants and contractors for our operations;\n\n \n \n \n\n \n●\nrisks\nand uncertainties relating to the various industries and operations we are currently engaged in;\n\n \n \n \n\n \n●\nresults\nof initial feasibility, pre-feasibility and feasibility studies, and the possibility that future growth, development or expansion\nwill not be consistent with our expectations;\n\n \n \n \n\n \n●\nrisks\nrelated to the inherent uncertainty of business operations including profit, cost of goods, production costs and cost estimates and\nthe potential for unexpected costs and expenses;\n\n \n \n \n\n \n●\nrisks\nrelated to commodity price fluctuations;\n\n \n \n \n\n \n●\nthe\nuncertainty of profitability based upon our history of losses;\n\n \n \n \n\n \n●\nrisks\nrelated to failure to obtain adequate financing on a timely basis and on acceptable terms for our planned development projects;\n\n \n \n \n\n \n●\nrisks\nrelated to environmental regulation and liability;\n\n \n \n \n\n \n●\nrisks\nrelated to tax assessments;\n\n \n \n \n\n \n●\n\nother\nrisks and uncertainties related to our prospects, properties and business strategy.\n\n \n\nAlthough\nwe believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels\nof activity, performance or achievements. You should not place undue reliance on these forward-looking statements, which speak only as\nof the date of this report. Except as required by law, we do not undertake to update or revise any of the forward-looking statements\nto conform these statements to actual results, whether as a result of new information, future events or otherwise.\n\n \n\nAs\nused in this quarterly report, “Greater Cannabis,” the “Company,” “we,” “us,” or “our”\nrefer to The Greater Cannabis Company, Inc., unless otherwise indicated.\n\n \n\n3\n\n \n\n \n\n**THE\nGREATER CANNABIS COMPANY, INC.**\n\n**MARCH\n31, 2026**\n\n**FORM\n10-Q**\n\n \n\n**INDEX**\n\n \n\n \n**Page**\n\n[**PART I- FINANCIAL INFORMATION**](#fin_001)\nF-2\n\n[ITEM 1. Financial Statements](#fin_002)\nF-2\n\n[Consolidated Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 2025](#fin_003)\nF-2\n\n[Consolidated Statements of Operations for the three months ended March 31, 2026 and 2025 (Unaudited)](#fin_004)\nF-3\n\n[Consolidated Statements of Stockholders’ Deficiency for the three months ended March 31, 2026 and 2025 (Unaudited)](#fin_005)\nF-4\n\n[Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 2025 (Unaudited)](#fin_006)\nF-5\n\n[Notes to Consolidated Financial Statements (Unaudited)](#fin_007)\nF-6\n\n \n\nF-1\n\n \n\n \n\n**PART\nI- FINANCIAL INFORMATION**"}