Here are the 10-K annual reports from Cannabis Suisse Corp (CSUI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow CSUI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CSUI filings page.
Cannabis Suisse Corp. reported net income of $122,739 for the year ended May 31, 2026, versus a net loss of $456,142 for the year ended May 31, 2025. Rental revenue was $21,000, down approximately 7% from $22,500, while $21,931 of rental costs produced a $931 gross loss. Operating expenses were $266,888. Fiscal 2026 other income included $455,214 of noncash amortization of debt premium; fiscal 2025 included a $551,677 loss on debt settlement.
As of May 31, 2026, CSUI had $476 in an escrow account, a $512,212 working-capital deficit and $107,000 of operating lease liabilities in default. Its auditor and management cited substantial doubt about continuing as a going concern; management expects continued reliance on financing and related-party funding. Management identified three material weaknesses and concluded internal control over financial reporting was ineffective. Fiscal 2026 rental income came from a sublease with CEO-controlled RLSH, LLC, which began March 1, 2026, at $7,000 monthly. CEO Scott McAlister funded $28,000 for operations in August and September 2026.
Cannabis Suisse Corp. (CSUI) filed an amended annual report for the year ended May 31, 2025. The amendment is narrowly focused and was made solely to update the date of the Report of the Independent Registered Public Accounting Firm, replacing the version previously included on page 8 of the original filing. No other changes were made to the annual report.
The independent auditor, Mac Accounting Group & CPAs, LLP, issued an unqualified opinion stating that the financial statements present fairly the company’s financial position and results in conformity with U.S. GAAP. However, the auditor included a going concern paragraph noting that Cannabis Suisse Corp. has suffered recurring losses from operations and has a net capital deficiency, which raises substantial doubt about its ability to continue as a going concern. As of November 30, 2024, the aggregate market value of common stock held by non-affiliates was $7,862,930, and 70,680,938 common shares were issued and outstanding as of September 12, 2025.
Cannabis Suisse Corp., now focused on small-scale real estate rentals, reported minimal rental revenue of $22,500 for the year ended May 31, 2025, down from $30,000 as a key sublease ended in February 2025. Operating expenses rose to $288,445, leaving an operating loss of $288,013.
After interest, debt-related items and other non-operating charges, the net loss was $456,142, an improvement from the prior year’s $1,186,613 loss. Cash was only $2,850 with a working capital deficit of $218,679 as of May 31, 2025, and auditors issued a going concern opinion.
The company has 70,680,938 common shares outstanding as of September 12, 2025 and trades on the OTC Pink at $0.01 per share as of September 11, 2025. Its CEO controls a majority voting stake and holds convertible notes that could convert into 125,157,612 additional common shares, while most leases and financing are with entities he controls.