Cannabis Suisse Corp. Reports Improved Quarterly Net Income but Increased Nine-Month Loss

Cannabis Suisse Corp. has reported its financial results for the three and nine months ending February 28, 2025, revealing a net income of $29,515 for the quarter, a significant improvement compared to a net loss of $67,974 in the same period last year. However, for the nine-month period, the company recorded a net loss of $500,509, which is an increase from a loss of $187,528 in the prior year. The company generated total revenues of $7,500 for the quarter and $22,500 for the nine months, consistent with the previous year’s figures, indicating stable rental income from its leased properties.

The company’s operating expenses for the three months ended February 28, 2025, totaled $66,932, slightly higher than the $63,485 reported for the same period in 2024. The increase in expenses is attributed to higher rental costs associated with additional properties leased in early 2024. For the nine-month period, operating expenses rose to $234,368 from $176,055, reflecting similar trends in increased rental and operational costs. The cost of goods sold remained relatively stable, with minor fluctuations year-over-year.

In terms of strategic developments, Cannabis Suisse Corp. has focused on expanding its real estate operations, having leased additional properties from companies owned by its CEO. The company has also engaged in related party transactions, including the issuance of convertible notes to manage its financial obligations. As of February 28, 2025, the company reported total liabilities of $2,537,446, up from $2,242,453 at the end of the previous fiscal year, primarily due to increased convertible notes payable.

Operationally, the company has maintained a consistent customer base, with rental income derived from a single subleased property. The company’s cash position has decreased to $50 from $28,562 as of May 31, 2024, indicating liquidity challenges. The working capital deficit stands at $193,246, raising concerns about the company’s ability to sustain operations without additional capital. Management has indicated that it will rely on related party funding and aims to raise additional capital to support ongoing operations.

Looking ahead, Cannabis Suisse Corp. faces substantial doubt regarding its ability to continue as a going concern, as highlighted in its financial statements. The company plans to seek further investment capital to cover operating expenses and stabilize its revenue streams. However, there are no assurances that these efforts will be successful, and the company remains vulnerable to market conditions and operational challenges.