Cannabis Suisse 10-Q: Revenue $0, EPS $0.00 — Quarterly results
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Cannabis Suisse reported zero rental revenue for the quarter following the termination of its sole sub-lease, resulting in a net income of $26,908 ($0.00 per share) for the three months. The company experienced a gross profit of $144 and an operating loss of $(69,394). Management highlighted going-concern risk and plans to rely on CEO advances and external investments to fund operations. The company has shifted focus to real estate operations since June 2022, ceasing cannabis operations and facing challenges due to the loss of its primary revenue channel.
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