-SEGMENTS AND GEOGRAPHIC CONCENTRATIONS

6 Months Ended

Nov. 30, 2019

-SEGMENTS AND GEOGRAPHIC CONCENTRATIONS [Abstract]

-SEGMENTS AND GEOGRAPHIC CONCENTRATIONS

NOTE 9 –SEGMENTS AND GEOGRAPHIC CONCENTRATIONS

Reportable Segments

The Company follows segment reporting in accordance with ASC Topic 280, Segment Reporting. As a result of the business combination with Cannabis Suisse LLC in May 2019, as discussed in Note 4, the Company has changed its operating segments to consist of the Cannabis Suisse LLC segment and the Cannabis Suisse Corp. segment. After the Cannabis Suisse LLC business combination, the Company's CEO began assessing performance and allocating resources based on the financial information of these two reporting segments.

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CANNABIS SUISSE CORP.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The Cannabis Suisse Corp segment produces the paper made from elephant dung for making various stationery products and subsequent selling thereof. The Cannabis Suisse LLC segment is involved in cannabis cultivation and distribution in Switzerland of recreational tobacco products and medical CBD oils.

Net revenue by reporting segment for the six months ended November 30, 2019 and 2018, is as follows:

		2019		2018
Cannabis Suisse Corp	$	1,066	$	-
Cannabis Suisse LLC		105,376		-
Total Revenue	$	106,442	$	-

Gross profit by reporting segment for the six months ended November 30, 2019 and 2018, is as follows:

		2019		2018
Cannabis Suisse Corp	$	(263)	$	-
Cannabis Suisse LLC		65,131		-
Total Gross Profit	$	64,868	$	-

Assets by reporting segment as of November 30, 2019 and May 31, 2019, is as follows:

		November 30, 2019		May 31, 2019
Cannabis Suisse Corp	$	74,943	$	24,441
Cannabis Suisse LLC		370,876		308,145
Total Assets	$	445,819	$	332,586