Cannabis Suisse 10-Q: $256 Cash, Going Concern Doubt, 143M Dilutive Convertible Shares
CSUI has more than doubled off its 52-week low of $0.003.
Summary
Cannabis Suisse's Q1 FY2027 profit of $55,127 is entirely non-cash debt-premium amortization; operations lost $43,315 and cash is down to $256 with a going-concern warning. Related-party convertible notes could add about 142.7 million shares, roughly tripling the current count.
Key Events · Earnings and Guidance · CSUI
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Q1 Profit Is Non-Cash
Net income of $55,127 versus $13,907 a year earlier, driven by $114,739 of non-cash amortization of debt premium on related-party convertible notes; the operating line was a $43,315 loss.
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Going Concern Doubt Reaffirmed
Cash of $256, a $535,137 working capital deficit and a $2,879,180 accumulated deficit raise substantial doubt about the ability to continue as a going concern.
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CEO Funds Operations
The CEO advanced $8,000 during the quarter and an additional $27,000 after August 31, 2026; the company expects to keep relying on related-party funding.
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Convertible Overhang Triples Count
Diluted share count of 213,419,658 versus 70,680,938 basic reflects 142,738,720 dilutive convertible shares at conversion prices of $0.005 to $0.04 per share.
Analysis · CSUI · Real Estate & Construction
Cannabis Suisse reported Q1 FY2027 net income of $55,127, but the profit is an accounting artifact: it comes from $114,739 of non-cash amortization of debt premium on related-party convertible notes, not from operations. The rental business actually lost $43,315 at the operating line, with $21,000 of revenue from a sublease to an entity controlled by the CEO against $21,931 of allocated cost. Cash stands at $256 with a $535,137 working capital deficit and a $2,879,180 accumulated deficit, and management repeats that these conditions raise substantial doubt about the company's ability to continue as a going concern. The company is funded by its CEO, who advanced $8,000 during the quarter and another $27,000 after quarter-end. The convertible notes held by the CEO and his affiliates carry conversion prices of $0.005 to $0.04 per share, far below the $0.0077 market price, and would add roughly 142.7 million shares if converted — about triple the current 70.7 million share count. That overhang, combined with the going-concern warning, is the core risk here.
How filings like this one have moved
In the 30 days to Nov 2, 2026, 40.4% of the 1069 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.35%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CSUI was trading at $0.01 on OTC in the Real Estate & Construction sector, with a market capitalization of approximately $544.2K. The 52-week trading range was $0.00 to $0.03. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.