v3.26.3
CONVERTIBLE DEBT DISCLOSURE
3 Months Ended
Aug. 31, 2026
Notes  
CONVERTIBLE DEBT DISCLOSURE

NOTE 7 - CONVERTIBLE NOTES PAYABLE

 

On April 1, 2021, Suneetha Nandana Silva Sudusinghe assigned Serhii Cherniienko $60,000 of his loan to Cannabis Suisse Corp. The agreement permits conversion into common stock at a fixed price of $0.01 per share. Of the $60,000, $30,000 was converted to equity in December 2021, and the remaining $30,000 was subsequently assigned to Clifford Koschnick. As of August 31, 2026 and May 31, 2026, the outstanding principal balance was $30,000, the note was due on demand, and the interest rate was 0%.

 

On April 15, 2021, Suneetha Nandana Silva Sudusinghe assigned Noi Tech LLC $30,000 of his loan to Cannabis Suisse Corp. The agreement permits conversion into common stock at a fixed price of $0.01 per share. The note was subsequently assigned to Clifford Koschnick. As of August 31, 2026 and May 31, 2026, the outstanding principal balance was $20,000, the note was due on demand, and the interest rate was 0%.

 

As of August 31, 2026 and May 31, 2026, the aggregate principal balance of these convertible notes payable was $50,000. The notes were convertible into an aggregate of 5,000,000 share of common stock at $0.01 per share.