Cannabis Bioscience (CBIH) delays 10-Q, previews wider loss versus 2024
Rhea-AI Filing Summary
Cannabis Bioscience International Holdings, Inc. filed a notification that it will be late filing its Quarterly Report on Form 10-Q for the quarter ended November 30, 2025, stating that the financial information cannot be analyzed and completed on a timely basis.
The company estimates a loss from operations of approximately $96,000 for the three months ended November 30, 2025, compared with $59,627 for the same period in 2024. Estimated revenues are about $53,000 and gross profit about $43,000, versus $74,248 and $66,445, respectively, a year earlier. Total operating expenses are expected to be around $139,000, compared with $126,072, driven by higher general and administrative expenses and professional fees, partly offset by lower contract labor and rent.
Net loss for the quarter is expected to be approximately $109,000, compared with $79,528 in the prior-year period. The company notes these results are preliminary, subject to further review by management and its independent registered public accounting firm, and may differ substantially from the final figures reported in the Form 10-Q.
Positive
- None.
Negative
- Delayed 10-Q with weaker preliminary results: The company expects lower revenue (about $53,000 vs. $74,248 a year earlier) and a higher net loss (about $109,000 vs. $79,528), while also needing extra time to complete and file its quarterly report.
Insights
Late 10-Q and preliminary numbers point to lower revenue and a larger quarterly loss.
Cannabis Bioscience International Holdings, Inc. is delaying its Form 10-Q for the quarter ended November 30, 2025, because its financial information cannot be analyzed and completed in time. This introduces some timing uncertainty around official results, which can concern investors in smaller issuers that rely on timely disclosure.
The company estimates quarterly revenues of about
Net loss is projected at roughly
FAQ
Why did Cannabis Bioscience International Holdings (CBIH) file a Form 12b-25?
The company filed Form 12b-25 to notify that it will be late filing its Quarterly Report on Form 10-Q for the quarter ended November 30, 2025, because the financial information cannot be analyzed and completed on a timely basis.
What preliminary quarterly revenue did Cannabis Bioscience (CBIH) estimate for the three months ended November 30, 2025?
The company estimates revenues of approximately $53,000 for the three months ended November 30, 2025, compared with $74,248 for the same period in 2024.
How did Cannabis Bioscience (CBIH) say its operating loss changed year over year?
Loss from operations for the three months ended November 30, 2025, is estimated at about $96,000, compared with $59,627 for the three months ended November 30, 2024, indicating a larger operating loss.
What net loss did Cannabis Bioscience (CBIH) project for the quarter ended November 30, 2025?
The company expects a net loss of approximately $109,000 for the three months ended November 30, 2025, compared with $79,528 for the same quarter in 2024.
What factors did Cannabis Bioscience (CBIH) cite for changes in operating expenses?
The company stated that operating expenses for the three months ended November 30, 2025, were affected by increases in general and administrative expenses and professional fees, offset by decreases in contract labor and rent.
Are the preliminary financial results for Cannabis Bioscience (CBIH) final?
No. The company stated that these results are subject to additional review by management and its independent registered public accounting firm, and the final Form 10-Q for the period ended November 30, 2025 may differ substantially.