CANNABIS GLOBAL, INC. (CBGL) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
520 S. GRAND AVENUE LOS ANGELES, CA 90071 |
| State of Incorp. | NV |
| Fiscal Year End | August 31 |
| Industry (SIC) | 2836 - Biological Products, Except Diagnostic Substances (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 5/31/2022 MRQ | 8/31/2021 | 8/31/2020 | 8/31/2019 | 8/31/2018 | 8/31/2017 | 8/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 30,813 | 2,338 | 152,082 | 4,652 | 4,832 | 5,012 | |||
| Cash and cash equivalents | 30,813 | 2,338 | 152,082 | 4,652 | 4,832 | 5,012 | |||
| Receivables | 154,379 | ||||||||
| Inventory, net of allowances, customer advances and progress billings | 189,081 | 75,338 | 2,299 | ||||||
| Inventory | 189,081 | 75,338 | 2,299 | ||||||
| Other current assets | 7,992 | ||||||||
| Other undisclosed current assets | 59,800 | ||||||||
| Total current assets: | 442,065 | 77,676 | 154,381 | 4,652 | 4,832 | 5,012 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 634,637 | ✕ | ✕ | ✕ | |||||
| Property, plant and equipment | 218,535 | 25,406 | 13,248 | ||||||
| Long-term investments and receivables | 650,000 | 1,714,903 | 40,000 | ||||||
| Due from related parties | 40,000 | ||||||||
| Long-term investments | 650,000 | 1,714,903 | |||||||
| Intangible assets, net (including goodwill) | 9,342,967 | ||||||||
| Goodwill | 8,842,967 | ||||||||
| Intangible assets, net (excluding goodwill) | 500,000 | ||||||||
| Deposits noncurrent assets | 7,200 | ||||||||
| Other undisclosed noncurrent assets | 50,600 | 507,200 | |||||||
| Total noncurrent assets: | 10,896,739 | 2,247,509 | 60,448 | ||||||
| TOTAL ASSETS: | 11,338,804 | 2,325,185 | 214,829 | 4,652 | 4,832 | 5,012 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 943,027 | 266,869 | 98,691 | 39,994 | 23,893 | 15,643 | |||
| Interest and dividends payable | 212,202 | 33,301 | 28,306 | 21,307 | 14,308 | ||||
| Accounts payable | 730,825 | 233,568 | 92,806 | 11,688 | 2,586 | 1,335 | |||
| Accrued liabilities | 5,885 | ||||||||
| Debt | 1,383,650 | 1,866,872 | 33,334 | 70,000 | 70,000 | 70,000 | |||
| Derivative instruments and hedges, liabilities | 4,747,614 | 1,125,803 | |||||||
| Due to related parties | 110,678 | 1,139 | 1,139 | 6,200 | |||||
| Other undisclosed current liabilities | 1,562,237 | 499,788 | 20,250 | 23,411 | |||||
| Total current liabilities: | 8,747,206 | 3,760,471 | 153,414 | 139,605 | 93,893 | 85,643 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,235,791 | ||||||||
| Long-term debt, excluding current maturities | 672,794 | ||||||||
| Operating lease, liability | 562,997 | ✕ | ✕ | ✕ | |||||
| Other undisclosed noncurrent liabilities | (562,997) | ||||||||
| Total noncurrent liabilities: | 1,235,791 | ||||||||
| Total liabilities: | 9,982,997 | 3,760,471 | 153,414 | 139,605 | 93,893 | 85,643 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (2,212,343) | (1,435,286) | 61,415 | (134,953) | (89,061) | (80,631) | |||
| Preferred stock | 600 | 600 | |||||||
| Common stock | 84,938 | 2,708 | 1,253 | 18,386 | 5,386 | 5,386 | |||
| Additional paid in capital | 11,591,829 | 4,618,168 | 1,184,923 | 584,665 | 556,711 | 556,711 | |||
| Accumulated deficit | (13,891,788) | (6,056,949) | (1,127,601) | (738,004) | (651,158) | (642,728) | |||
| Other undisclosed equity, attributable to parent | 2,078 | 187 | 2,840 | ||||||
| Equity, attributable to noncontrolling interest | 3,568,150 | ||||||||
| Total equity: | 1,355,807 | (1,435,286) | 61,415 | (134,953) | (89,061) | (80,631) | |||
| TOTAL LIABILITIES AND EQUITY: | 11,338,804 | 2,325,185 | 214,829 | 4,652 | 4,832 | 5,012 | |||
Income Statement (P&L) (USD)
| 5/31/2022 TTM | 8/31/2021 | 8/31/2020 | 8/31/2019 | 8/31/2018 | 8/31/2017 | 8/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,601,037 | 27,004 | 100 | |||||
| Gain on disposition of assets for financial service operations | 2,022,060 | ✕ | ✕ | |||||
| Other income | 1,642 | 100 | ||||||
| Cost of revenue | (1,416,779) | (24,521) | ||||||
| Gross profit: | 184,258 | 2,483 | 100 | |||||
| Operating expenses | (2,128,182) | (3,626,375) | (549,918) | (51,036) | (1,431) | (1,558) | ||
| Other undisclosed operating loss | (100) | |||||||
| Operating loss: | (1,943,924) | (3,623,892) | (549,918) | (51,036) | (1,431) | (1,558) | ||
| Nonoperating income (expense) | (6,172,058) | (1,305,456) | 160,321 | |||||
| Interest and debt expense | (7,437,340) | (1,311,201) | 168,048 | (35,810) | (6,999) | (6,267) | ||
| Loss from continuing operations before equity method investments, income taxes: | (15,553,322) | (6,240,549) | (221,549) | (86,846) | (8,430) | (7,825) | ||
| Loss from equity method investments | (211,376) | |||||||
| Loss from continuing operations: | (15,764,698) | (6,240,549) | (221,549) | (86,846) | (8,430) | (7,825) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (15,764,698) | (6,240,549) | (221,549) | (86,846) | (8,430) | (7,825) | |
| Other undisclosed net income | 7,648,716 | 1,311,201 | ||||||
| Net loss: | (8,115,982) | (4,929,348) | (221,549) | (86,846) | (8,430) | (7,825) | ||
| Net income attributable to noncontrolling interest | 281,143 | |||||||
| Other undisclosed net loss attributable to parent | (168,048) | |||||||
| Net loss available to common stockholders, diluted: | (7,834,839) | (4,929,348) | (389,597) | (86,846) | (8,430) | (7,825) | ||
Comprehensive Income (USD)
| 5/31/2022 TTM | 8/31/2021 | 8/31/2020 | 8/31/2019 | 8/31/2018 | 8/31/2017 | 8/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (8,115,982) | (4,929,348) | (221,549) | (86,846) | (8,430) | (7,825) | ||
| Comprehensive loss: | (8,115,982) | (4,929,348) | (221,549) | (86,846) | (8,430) | (7,825) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 281,143 | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (7,834,839) | (4,929,348) | (221,549) | (86,846) | (8,430) | (7,825) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.