ORGANIZATION AND NATURE OF BUSINESS DISCLOSURE |
12 Months Ended |
|---|---|
May 31, 2026 | |
| Notes | |
| ORGANIZATION AND NATURE OF BUSINESS DISCLOSURE | NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS
Cannabis Suisse Corp. (the “Company”) was incorporated in the State of Nevada on February 26, 2016. Since June 2022, the Company has focused its operations on the real estate business and has no involvement in the cannabis industry.
In February 2023, the Company leased two properties from entities controlled by its Chief Executive Officer (“CEO”), Scott McAlister. A portion of one of these properties was subleased to a third party and generated rental revenue until the sublease was terminated on February 28, 2025. In February 2024, the Company leased two additional properties from entities controlled by its CEO for future expansion. Effective March 1, 2026, the Company again began subleasing a portion of one of its leased properties to a related party that was controlled by the CEO and recognized rental revenue during March, April and May 2026.
See Note 9 for additional information regarding the terms and conditions of the Company’s lease and sublease arrangements. |