UPDATE JULY 11, 2018
On July 9, 2018, the Company was notified that FINRA had passed on the Company’s Form 211 application and set July 10, 2018 as the date its stock would begin being quoted under the symbol “GCAN.” For further information on shares you received in the stock dividend, please visit the Company’spage for updates.
On August 25, 2017, the Company filed itsto its Form S-1 with the Securities and Exchange Commission.
On August 8, 2017, the Company filed itsto its Form S-1 with the Securities and Exchange Commission.
On July 20, 2017, the Company filed itsto its Form S-1 with the Securities and Exchange Commission.
On June 20, 2017, the Company filed its initialwith the Securities and Exchange Commission.
On March 7, 2017, Sylios Corp received notification from the Financial Industry Regulatory Authority (“FINRA”) that they had received the necessary documentation to process the corporate action requested by Sylios Corp and its transfer agent, Pacific Stock Transfer. The Company’s Payment Date was set at March 10, 2017 and the distribution(s) were made consistent with such approval.
In January 18, 2017, Sylios Corp filed a corporate action with the FINRA to effect a partial spin-off of its wholly owned subsidiary, The Greater Cannabis Company, Inc., through a stock dividend.
On January 6, 2017, Sylios Corp announced the Record date for The Greater Cannabis Company, Inc. spin-off of February 3, 2017.
On December 28, 2016, Sylios Corp announced that it would spin-off 80.01% of its wholly owned subsidiary, The Greater Cannabis Company, LLC through a pro rata stock distribution to holders of its common stock. Prior to the spin-off, the Company will file a Notice of Conversion with the State of Florida to effectively converting the subsidiary from a limited liability company to a Florida for profit corporation and change the Company’s name to The Greater Cannabis Company, Inc. (the new “GCC”). In the newly filed Articles of Incorporation for the Subsidiary, it will designate 500 million shares for Common stock and 10 million shares for Preferred stock.
The Record date for the stock dividend is set at February 3, 2017 with the Ex-Dividend date at February 1, 2017. The stock dividend will be payable February 13, 2017 to shareholders. In order for shareholders to receive the stock dividend, they must own shares of Sylios Corp prior to the Ex-Dividend date. Sylios Corp’s common stock will begin trading ex-dividend at the open on February 1, 2017.
Shareholders of Sylios Corp entitled to receive the dividend will receive 1 share of GCC common stock for every 500 shares of Sylios Corp common stock owned. In lieu of issuing fractional shares in connection with the stock dividend, the company will round fractional shares up to the next whole share.
The Company’s transfer agent, Pacific Stock Transfer, will distribute shares of GCC on the payment date to certificated shareholders. Shareholders are not required to submit any information to the Company’s transfer agent to receive the newly issued GCC shares of common stock. Pacific Stock Transfer will also act as the transfer agent for GCC.
Shareholders should direct any questions pertaining to the stock dividend to email@example.com. Answers to many common questions can be found on our page.