CSUI
Industry:
Equity REITs

DESCRIPTION

Cannabis Suisse Corp. is a shell company with no involvement in cannabis. The company's sole business activity is subleasing a portion of a commercial building to a third party — a building it leases from a company controlled by its own CEO. This related-party arrangement generates a small amount of rental income, though the company acknowledges this revenue does not cover its costs. Cannabis Suisse has no employees and no bank account; the CEO serves part-time as both consultant and CFO, and funds company expenses through an escrow account. The CEO also provides loans and advances to keep the company operational, and affiliated entities hold convertible promissory notes that could convert into over 125M shares of common stock, creating significant potential dilution. The CEO holds majority voting control, leaving outside shareholders with essentially no influence over the company. The company's auditors have issued a going concern opinion.

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