💰 Context
Cannabis Suisse Corp. rents out office and industrial spaces to other businesses. They make money by charging rent. Recently, they faced challenges like limited operations, lack of funds, and management issues.
📋 TL;DR
- 🏢 Real Estate Focus: Shifted from cannabis to real estate in 2022.
- 💸 Financial Struggles: Limited operations and funds, with a net loss of $1.26 million.
- 📉 Stock Performance: Stock prices ranged from $0.01 to $0.07 in FY 2024.
- 🔄 Management Control: CEO holds majority voting control and funds operations.
🚀 Trends
In 2024, Cannabis Suisse Corp. observed a trend of increasing demand for commercial rental spaces. However, they faced financial difficulties due to limited operations and funds. The company also saw a shift in focus from cannabis to real estate, which impacted their overall business strategy.
💰 Financial Performance
Cannabis Suisse Corp. generated $30,000 in revenue from renting in FY 2024, with a net loss of $1,264,629. The cost of sales was $30,067. The company's stock prices ranged from $0.01 to $0.07 throughout the year.
📈 Emerging Markets
The company is looking to expand its real estate operations by leasing more properties and subleasing them to third parties. They aim to increase their presence in emerging markets by exploring new rental opportunities.
🌿 Environmental Initiatives
There are no specific environmental initiatives mentioned in the report. The company focuses on real estate operations and does not highlight any sustainability goals.
📱 Key Products
The major product for Cannabis Suisse Corp. in 2024 was the rental of commercial office and industrial spaces. They subleased a portion of a building for $30,000 annually.
📰 Major Announcements
Significant announcements included the extension of lease agreements and the issuance of convertible promissory notes to prepay leases. The company also changed its auditor from Accell Audit & Compliance, P.A. to Mac Accounting Group & CPAs, LLP.
📊 Market Share
Cannabis Suisse Corp. has a limited market share in the real estate industry, primarily focusing on subleasing properties. Their market presence is constrained by financial challenges and limited operations.
🌟 Social Impact
The report does not mention any specific social responsibility initiatives or impacts. The company's focus remains on managing its real estate operations and addressing financial challenges.
🔮 Future Outlook
Cannabis Suisse Corp. plans to continue expanding its real estate operations by leasing more properties and subleasing them. They aim to improve their financial stability and increase revenue from rental activities. The company also seeks additional capital to sustain operations.