CANNABIS GLOBAL, INC. (CBGL) financial statements (2022 and earlier)

Company profile

Business Address 520 S. GRAND AVENUE
LOS ANGELES, CA 90071
State of Incorp. NV
Fiscal Year End August 31
SIC 2836 - Biological Products, Except Diagnostic Substances (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

11/30/2021
TTM
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 investments89312152555
Cash and cash equivalents89312152555
Receivables274154     
Inventory, net of allowances, customer advances and progress billings324189752   
Inventory324189752   
Other current assets68     
Other undisclosed current assets6060     
Total current assets:75244278154555
Noncurrent Assets
Operating lease, right-of-use asset617635  
Property, plant and equipment1522192513   
Long-term investments and receivables6076501,71540   
Long-term investments6076501,715    
Due from related parties   40   
Intangible assets, net (including goodwill)9,3439,343     
Goodwill8,8438,843     
Intangible assets, net (excluding goodwill)500500     
Deposits noncurrent assets   7   
Other undisclosed noncurrent assets4851507    
Total noncurrent assets:10,76810,8972,24860   
TOTAL ASSETS:11,52011,3392,325215555
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities94994326799402416
Accounts payable736731234931231
Accrued liabilities   6   
Interest and dividends payable21221233 282114
Debt1,5581,3841,86733707070
Derivative instruments and hedges, liabilities2,1544,7481,126    
Due to related parties111111116  
Other undisclosed current liabilities1,2961,5625002023  
Total current liabilities:6,0688,7473,7601531409486
Noncurrent Liabilities
Long-term debt and lease obligation1,3071,236     
Long-term debt, excluding current maturities763673     
Operating lease, liability544563  
Other undisclosed noncurrent liabilities(544)(563)     
Total noncurrent liabilities:1,3071,236     
Total liabilities:7,3759,9833,7601531409486
Stockholders' equity
Stockholders' equity attributable to parent, including:588(2,212)(1,435)61(135)(89)(81)
Preferred stock111    
Common stock21285311855
Additional paid in capital13,88511,5924,6181,185585557557
Accumulated deficit(13,512)(13,892)(6,057)(1,128)(738)(651)(643)
Other undisclosed stockholders' equity attributable to parent2203   
Stockholders' equity attributable to noncontrolling interest3,5573,568     
Total stockholders' equity:4,1451,356(1,435)61(135)(89)(81)
TOTAL LIABILITIES AND EQUITY:11,52011,3392,325215555

Income statement (P&L) ($ in thousands)

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
Revenues2,1661,601270   
Gain on disposition of assets for financial service operations3,0792,022   
Other income22 0   
Cost of revenue(1,871)(1,417)(25)    
Gross profit:29518420   
Operating expenses(2,016)(2,128)(3,626)(550)(51)(1)(2)
Other undisclosed operating loss   (0)   
Operating loss:(1,721)(1,944)(3,624)(550)(51)(1)(2)
Nonoperating income (expense)(5,674)(6,172)(1,305)160   
Interest and debt expense(7,920)(7,437)(1,311)168(36)(7)(6)
Loss from continuing operations before equity method investments, income taxes:(15,315)(15,553)(6,241)(222)(87)(8)(8)
Loss from equity method investments(359)(211)     
Loss before gain (loss) on sale of properties:(15,674)(15,765)(6,241)(222)(87)(8)(8)
Other undisclosed net income8,2797,6491,311    
Net loss:(7,395)(8,116)(4,929)(222)(87)(8)(8)
Net income attributable to noncontrolling interest293281     
Other undisclosed net loss attributable to parent(12)  (168)   
Net loss attributable to parent:(7,114)(7,835)(4,929)(390)(87)(8)(8)
Other undisclosed net income available to common stockholders, basic92      
Net loss available to common stockholders, basic:(7,021)(7,835)(4,929)(390)(87)(8)(8)
Other undisclosed net loss available to common stockholders, diluted(10,452)      
Net loss available to common stockholders, diluted:(17,473)(7,835)(4,929)(390)(87)(8)(8)

Comprehensive Income ($ in thousands)

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
Net loss:(7,395)(8,116)(4,929)(222)(87)(8)(8)
Comprehensive loss:(7,395)(8,116)(4,929)(222)(87)(8)(8)
Comprehensive income, net of tax, attributable to noncontrolling interest293281     
Comprehensive loss, net of tax, attributable to parent:(7,102)(7,835)(4,929)(222)(87)(8)(8)

Statements sources

The financial statements are based on the company's filings with the 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.

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