Cannabis Suisse Corp. Reports Revenue Decline and Operating Loss for Three and Nine Months Ended February 28, 2026

Cannabis Suisse Corp. reported its financial results for the three and nine months ended February 28, 2026, revealing a significant decline in revenue and a continued operating loss. The company generated no rental income during the current fiscal period, a stark contrast to the $7,500 and $22,500 in rental income reported for the same periods in the previous year. The absence of revenue is attributed to the termination of the company's only sub-lease on February 28, 2025. Operating expenses for the three months totaled $69,394, slightly higher than the $66,932 reported in the same quarter of the previous year, while total operating expenses for the nine months decreased to $228,909 from $234,368.

The company's net income for the three months ended February 28, 2026, was $26,908, compared to $29,515 for the same period in 2025. For the nine months, Cannabis Suisse Corp. reported a net income of $63,207, a notable recovery from a net loss of $500,509 in the prior year. This improvement in net income is primarily due to a significant reduction in other expenses, particularly the absence of a loss on the settlement of debt that had impacted the previous year's results.

In terms of operational developments, the company has focused on its real estate operations since June 2022, leasing properties from companies owned by its CEO. As of February 28, 2026, the company had total assets of $455,714, down from $635,075 as of May 31, 2025. Current liabilities increased to $423,427 from $325,520, largely due to accrued interest and advances from related parties. The company’s accumulated deficit also decreased to $2,993,839 from $3,057,046, reflecting the net income achieved during the current fiscal period.

Cannabis Suisse Corp. continues to rely on funding from related parties, with advances totaling $46,950 during the nine months ended February 28, 2026. The company has expressed concerns regarding its ability to continue as a going concern, emphasizing the need for additional capital to cover operating expenses. Management anticipates that the company will depend on further investments and loans from its CEO to sustain operations in the near future.

Looking ahead, the company remains focused on stabilizing its revenue sources and managing its operational costs. However, there is substantial uncertainty regarding its financial viability without securing additional funding. The management's outlook indicates a cautious approach, as they aim to position the company for potential capital raises while navigating the challenges posed by its current financial condition.