Cannabis Suisse is a commercial real estate subletting business. The company leases building space from entities controlled by its CEO and subleases a portion of that space to commercial tenants to generate rental income. This subleasing activity constitutes the entirety of the company's operations. Despite its name, Cannabis Suisse has had no involvement in the cannabis sector since its current CEO assumed control in June 2022. The company operates without any full-time employees, with the CEO serving as a part-time consultant and CFO. Cannabis Suisse does not maintain a corporate bank account, relying instead on an escrow account controlled by the CEO to pay expenses. The company's business model relies on collecting rent from subtenants, but rental income is limited and does not cover ongoing operational costs. As a result, Cannabis Suisse depends on direct funding, advances, and loans from its CEO to maintain operations, and auditors have issued a going concern opinion regarding its ability to continue operating without additional capital.
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