Cannabis Suisse Corp.

What they do

Since June 2022 the company has focused on real estate operations and states it has no involvement in any aspect of the cannabis industry. In February 2023 it leased a commercial building from an entity controlled by its CEO and subleased a portion to a third party. That sublease was the company's only revenue-generating asset and was terminated on February 28, 2025. The company now reports no active business operations or revenue.

Revenue drivers

• Commercial sublease (terminated) — The only revenue source: a sublease of part of a CEO-controlled commercial building, originally one year at $30,000 annual rent, converted to month-to-month at $2,500 per month effective March 2024, and terminated February 28, 2025. It produced $22,500 of revenue in the nine months ended February 28, 2025, and $30,000 in fiscal 2024. No replacement revenue source has been reported.
• Fiscal 2025 revenue — Full-year fiscal 2025 (ended May 31, 2025) revenue was $22,500, essentially all from the sublease before its February 2025 termination. Fiscal 2024 revenue was $30,000.
• Post-termination revenue — Revenue was $0 for the three and nine months ended February 28, 2026, and $0 in each of the quarters ended May 31, August 31 and November 30, 2025. The company reports no other segment or product line.

Recent performance

For the nine months ended February 28, 2026, revenue was $0 versus $22,500 a year earlier, because the sole sublease ended February 28, 2025. Operating expenses were $228,909 for the nine months, including $41,720 of professional fees, $3,183 of depreciation and $184,006 of general and administrative costs. Other income was $292,116, including $340,475 of debt-premium amortization, against $48,359 of interest expense. Net income was $63,207 for the nine months, compared with a $500,509 net loss a year earlier, which had included a $551,677 loss on settlement of debt. The company held $75 of cash and reported a working capital deficit of $357,644 at February 28, 2026.

Strategy

The company says it has focused on real estate operations since June 2022 and explicitly states it has no involvement in the cannabis industry. Its historical model was to lease a building from a CEO-controlled entity and sublease space to third parties; that sublease is terminated and no new leases or properties have been disclosed in the excerpts. The 10-K/A was filed solely to correct an omitted auditor report date, not to reflect any operational change. No capital spending, acquisition or expansion plan appears in the provided excerpts. Reported activity since the last annual report consists of no new business agreements, only an unregistered equity sale in May 2024 and an accountant change in March 2024.

Risks

• Going concern — The auditor's report cites recurring losses from operations and a net capital deficiency that raise substantial doubt about the company's ability to continue as a going concern.
• No revenue and no disclosed pipeline — The only sublease was terminated February 28, 2025, and revenue has been $0 in every quarter since, with no replacement tenant or property disclosed.
• Severe liquidity — The company held $75 of cash and a $357,644 working capital deficit at February 28, 2026, while total liabilities were about $2.2 million against total assets of $455,714 and shareholders' equity of negative $1.7 million.
• Related-party dependence — The leased building was owned by a company controlled by the CEO, so the company's former revenue depended on a related-party arrangement rather than third-party customers.
• Debt service and dilution — The company incurred $48,359 of interest expense over the nine months ended February 28, 2026, and recorded $340,475 of debt-premium amortization tied to convertible notes, with $610,701 of long-term debt reported as of May 31, 2025.

Outlook

Management's discussion contains no forward operating plan beyond the statement that the company has focused on real estate since June 2022 and has no cannabis involvement. The reported financial statements were prepared on a going-concern basis, with management's plans described in Note 3, but the specific plan is not included in the provided excerpts. The company notes that the absence of revenue in fiscal 2026 is due to the sublease termination, and no new lease or tenant has been announced. No guidance or projected revenue figures are provided.