Jubilant Flame International, Ltd.

What they do

The company was formed in 2009 and has pivoted multiple times, including web development, medical sector, cosmetics, and most recently technical support services for nutritionally oriented food products, such as Organic Sprouting Powder. It ceased cosmetic sales in early 2020 and has generated no revenue from its current nutrition product support business through at least May 31, 2026.

Revenue drivers

• Nutrition product technical support services — Commenced in the third quarter of fiscal 2020; remains pre-revenue with nil revenue recognized in fiscal 2026 and the first quarter ended May 31, 2026.
• Cosmetic products (ceased) — Previously sold Acropass products imported from China; discontinued in early 2020 and contributes no revenue.
• Web development and marketing (discontinued) — Original business disposed of in December 2012; no longer part of operations.

Recent performance

For fiscal year ended February 28, 2026, revenue was $0 and net loss was $63,507, compared to a net loss of $59,672 in the prior year. Operating expenses increased $3,835 year-over-year, mainly due to higher audit and OTC service fees. In the first quarter of fiscal 2027 (three months ended May 31, 2026), the company reported a net loss of $29,731, up from $19,190 a year earlier, driven by a $10,000 increase in accounting and audit fees. Cash used in operating activities was $49,261 in fiscal 2026 and increased by $15,178 in the first quarter of fiscal 2027. As of May 31, 2026, cash was $1,715, total assets $9,725, and total liabilities $1.5 million.

Strategy

Management states the company will continue to pursue its nutrition product technology support business line, though it remains pre-revenue. It plans to raise additional capital through equity or debt offerings or borrowings from financial institutions or related parties to fund operations. The company has no investing activities and relies on financing from the CEO, which provided $52,211 in fiscal 2026. The focus is on generating sufficient capital to execute its business plan in the nutrition product sector, but there is no guarantee of success.

Risks

• Going concern — Auditor report includes a going concern emphasis, and the company has a working capital deficit of $1,449,823 as of May 31, 2026.
• No revenue — The company has not recognized any revenue in fiscal 2026 or the first quarter of fiscal 2027, with the nutrition product business still pre-revenue.
• Negative equity — Shareholder equity was -$1.4 million as of May 31, 2026, with an accumulated deficit of $3,938,854.
• Financing dependence — Operations are funded almost entirely by CEO-related party financing, totaling $52,211 in fiscal 2026; additional funding is not guaranteed.

Outlook

Management expects continued net losses and does not have sufficient cash to fund operations for the next twelve months. The company will need to obtain additional financing to continue as a going concern. There is no indication of when revenue may be generated, and the business remains in a pre-revenue state.