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CANNABIS GLOBAL, INC.: 10-Q filed 2021-07-12

What CANNABIS GLOBAL, INC. reported in its quarterly report filed 2021-07-12 (fiscal Q3 2021): 37 published measures, 104 facts as tagged in accession 0001079973-21-000602.

This filing

Form
10-Q (quarterly report)
Filed
2021-07-12
Fiscal period
fiscal Q3 2021
Accession
0001079973-21-000602 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; a measure with a published history links to it, and the history shows the latest-filed value per period. All CANNABIS GLOBAL, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2021-05-3112,247,405USD
At 2020-08-312,325,185USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2021-05-318,671,622USD
At 2020-08-313,760,471USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2021-05-31-365,828USD
At 2020-08-31-1,435,286USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2021-05-31268,007USD
At 2020-08-312,338USD
At 2020-05-3184,866USD
At 2019-08-31152,082USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2021-03-01 to 2021-05-31-2,808,281USD92
2020-09-01 to 2021-05-31-5,272,275USD273
2020-03-01 to 2020-05-31-2,748,569USD92
2019-09-01 to 2020-05-31-3,896,202USD274

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2020-09-01 to 2021-05-31-1,186,087USD273
2019-09-01 to 2020-05-31-1,054,985USD274

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2021-03-01 to 2021-05-31940,491USD92
2020-09-01 to 2021-05-31970,717USD273
2020-03-01 to 2020-05-3119,750USD92
2019-09-01 to 2020-05-3129,753USD274

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2020-09-01 to 2021-05-311,459,067USD273
2019-09-01 to 2020-05-31991,269USD274

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2020-09-01 to 2021-05-31-7,311USD273
2019-09-01 to 2020-05-31-3,500USD274

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2021-05-31-11,329,224USD
At 2020-08-31-6,056,949USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2020-09-01 to 2021-05-310USD273
2019-09-01 to 2020-05-310USD274

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2021-05-311,433,408USD
At 2020-08-3125,406USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2020-09-01 to 2021-05-31593,767USD273
2019-09-01 to 2020-05-31835,897USD274

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2021-03-01 to 2021-05-31-496,002USD92
2020-09-01 to 2021-05-31-1,352,691USD273
2020-03-01 to 2020-05-31-1,235,688USD92
2019-09-01 to 2020-05-31-2,013,293USD274

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2021-05-31909,888USD
At 2020-08-3177,676USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2021-05-317,340,378USD
At 2020-08-313,760,471USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2021-05-31624,486USD
At 2020-08-31233,568USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

PeriodValueUnitDays
At 2021-05-318,098,603USD
At 2020-08-310USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

PeriodValueUnitDays
At 2021-05-31500,000USD
At 2020-08-31500,000USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2021-05-31358,813USD
At 2020-08-310USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2021-03-01 to 2021-05-31706,904USD92
2020-09-01 to 2021-05-311,585,866USD273
2020-03-01 to 2020-05-311,238,650USD92
2019-09-01 to 2020-05-312,023,358USD274

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2021-05-31182,268USD
At 2020-08-3175,338USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2021-03-01 to 2021-05-31210,902USD92
2020-09-01 to 2021-05-31233,175USD273
2020-03-01 to 2020-05-312,962USD92
2019-09-01 to 2020-05-3110,065USD274

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

PeriodValueUnitDays
2021-03-01 to 2021-05-31729,589USD92
2020-09-01 to 2021-05-31737,542USD273
2020-03-01 to 2020-05-3116,788USD92
2019-09-01 to 2020-05-3119,688USD274

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2021-05-3178,733,317shares
At 2020-08-3127,082,419shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2021-05-3110,882,705USD
At 2020-08-314,618,168USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2021-05-313,575,783USD
At 2021-02-284,259,226USD
At 2020-11-30-925,510USD
At 2020-08-31-1,435,286USD
At 2020-05-31-2,014,558USD
At 2020-02-29-602,647USD
At 2019-11-30-47,469USD
At 2019-08-3161,415USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2021-05-31607,306USD
At 2020-08-310USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2021-03-01 to 2021-05-31-2,715,963USD92
2020-09-01 to 2021-05-31-5,179,957USD273
2020-03-01 to 2020-05-31-2,748,569USD92
2019-09-01 to 2020-05-31-3,896,202USD274

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

PeriodValueUnitDays
2021-03-01 to 2021-05-31-2,715,963USD92
2020-12-01 to 2021-02-28-2,110,770USD90
2020-09-01 to 2020-11-30-353,224USD91
2020-03-01 to 2020-05-31-2,748,569USD92
2019-12-01 to 2020-02-29-762,196USD91
2019-09-01 to 2019-11-30-385,437USD91

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2021-03-01 to 2021-05-31420,649USD92
2020-09-01 to 2021-05-31817,141USD273
2020-03-01 to 2020-05-31170,303USD92
2019-09-01 to 2020-05-31553,658USD274

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2020-09-01 to 2021-05-312,697USD273
2019-09-01 to 2020-05-312,444USD274

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2021-03-01 to 2021-05-31-2,219,961USD92
2020-09-01 to 2021-05-31-3,827,266USD273
2020-03-01 to 2020-05-31-1,512,881USD92
2019-09-01 to 2020-05-31-1,882,909USD274

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2020-09-01 to 2021-05-31301,135USD273
2019-09-01 to 2020-05-310USD274

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

PeriodValueUnitDays
2020-09-01 to 2021-05-31469,851USD273
2019-09-01 to 2020-05-31300,000USD274

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2020-09-01 to 2021-05-31165,206USD273
2019-09-01 to 2020-05-315,000USD274

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2020-09-01 to 2021-05-31106,930USD273
2019-09-01 to 2020-05-3136,752USD274

Inspect the source

Entity
CANNABIS GLOBAL, INC. / CIK 0001413488
Captured
SEC response SHA-256
5421e1255222da163d1bc1abe042ffaa6ecff1116ddcca6c9de347d317cfc660

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001413488.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))