None
SEDAR Interim Financial Statements
VENI · Price
[
{
"metadata": {
"companyName": "VENCANNA VENTURES INC.",
"reportingPeriodEnd": "2025-10-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": []
},
"balanceSheet": {
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"accountsReceivable": 164262,
"inventory": 281686,
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"prepaidExpenses": 54372,
"totalCurrentAssets": 632777,
"deposits": 94000,
"investments": 2250,
"propertyAndEquipment": 1951009,
"intangibleAssets": 190400,
"totalAssets": 2870436,
"accountsPayableAndAccruedLiabilities": 1346482,
"leaseLiabilitiesCurrentPortion": 84755,
"totalCurrentLiabilities": 1431237,
"leaseLiabilities": 395271,
"deferredTaxLiability": 113000,
"totalLiabilities": 1939508,
"shareCapital": 19804026,
"warrantReserve": 0,
"contributedSurplus": 4931476,
"accumulatedOtherComprehensiveLoss": -79119,
"accumulatedDeficit": -21929818,
"equityAttributedToShareholders": 2726565,
"nonControllingInterest": -1795637,
"totalShareholdersEquity": 930928,
"cashPerShare": 0.0006,
"workingCapitalPerShare": -0.0036
},
"april30_2025": {
"cashAndCashEquivalents": 598215,
"accountsReceivable": 347138,
"inventory": 529509,
"otherReceivables": 27909,
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"deposits": 339832,
"investments": 2283,
"propertyAndEquipment": 3486539,
"intangibleAssets": 201600,
"totalAssets": 5610966,
"accountsPayableAndAccruedLiabilities": 1388616,
"leaseLiabilitiesCurrentPortion": 356669,
"totalCurrentLiabilities": 1745285,
"leaseLiabilities": 1713639,
"deferredTaxLiability": 113000,
"totalLiabilities": 3571924,
"shareCapital": 19804026,
"warrantReserve": 41445,
"contributedSurplus": 4890031,
"accumulatedOtherComprehensiveLoss": -59017,
"accumulatedDeficit": -20965327,
"equityAttributedToShareholders": 3711158,
"nonControllingInterest": -1672116,
"totalShareholdersEquity": 2039042,
"cashPerShare": 0.0027,
"workingCapitalPerShare": -0.0039
}
},
"incomeStatement": {
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"revenues": 413519,
"costOfSales": -520180,
"grossProfit": -106661,
"expenses": -358397,
"otherIncomeAndExpenses": 82066,
"netLoss": -382992,
"netLossAttributedToVencanna": -402807,
"netLossAttributedToNonControllingInterest": 19815,
"otherComprehensiveLoss": -16536,
"totalComprehensiveLoss": -399528,
"netLossPerShareBasic": 0.00,
"weightedAverageSharesOutstanding": 222644952
},
"threeMonths_oct2024": {
"revenues": 1160308,
"costOfSales": -862282,
"grossProfit": 298026,
"expenses": -1065227,
"otherIncomeAndExpenses": 10353,
"netLoss": -756848,
"netLossAttributedToVencanna": -545645,
"netLossAttributedToNonControllingInterest": -211203,
"otherComprehensiveLoss": -212949,
"totalComprehensiveLoss": -969797,
"netLossPerShareBasic": 0.00,
"weightedAverageSharesOutstanding": 222644952
},
"sixMonths_oct2025": {
"revenues": 973864,
"costOfSales": -1332481,
"grossProfit": -358617,
"expenses": -811857,
"otherIncomeAndExpenses": 82462,
"netLoss": -1088012,
"netLossAttributedToVencanna": -964491,
"netLossAttributedToNonControllingInterest": -123521,
"otherComprehensiveLoss": -20102,
"totalComprehensiveLoss": -1108114,
"netLossPerShareBasic": 0.00,
"weightedAverageSharesOutstanding": 222644952
},
"sixMonths_oct2024": {
"revenues": 2414623,
"costOfSales": -2030625,
"grossProfit": 383988,
"expenses": -2119070,
"otherIncomeAndExpenses": 22604,
"netLoss": -1712468,
"netLossAttributedToVencanna": -1332314,
"netLossAttributedToNonControllingInterest": -380154,
"otherComprehensiveLoss": -50338,
"totalComprehensiveLoss": -1762806,
"netLossPerShareBasic": -0.01,
"weightedAverageSharesOutstanding": 222644952
}
},
"cashFlowStatement": {
"sixMonths_oct2025": {
"netLoss": -1088012,
"itemsNotInvolvingCash": {
"amortizationAndDepreciation": 87243,
"interestAndAccretionOnLeaseLiabilities": 144085,
"writeOffOfLeaseholdImprovements": 148225,
"gainOnLeaseTermination": -230219,
"interestIncome": null
},
"changesInNonCashWorkingCapital": {
"prepaidExpenses": 23569,
"receivables": 210792,
"inventory": 431622,
"deposits": null,
"accountsPayableAndAccruedLiabilities": -35574
},
"netCashUsedInOperatingActivities": -308269,
"investments": null,
"purchaseOfPropertyPlantAndEquipment": -54671,
"netCashUsedInInvestingActivities": -54671,
"leasePayments": -90898,
"netCashUsedInFinancingActivities": -90898,
"foreignExchangeDifferences": -13046,
"changeInCashAndCashEquivalents": -466884,
"cashAndCashEquivalentsBeginning": 598215,
"cashAndCashEquivalentsEnd": 131331
},
"sixMonths_oct2024": {
"netLoss": -1712468,
"itemsNotInvolvingCash": {
"amortizationAndDepreciation": 685612,
"interestAndAccretionOnLeaseLiabilities": 237918,
"writeOffOfLeaseholdImprovements": null,
"gainOnLeaseTermination": null,
"interestIncome": -23832
},
"changesInNonCashWorkingCapital": {
"prepaidExpenses": -60453,
"receivables": -43407,
"inventory": 541853,
"deposits": 2042,
"accountsPayableAndAccruedLiabilities": -230644
},
"netCashUsedInOperatingActivities": -603379,
"investments": -33688,
"purchaseOfPropertyPlantAndEquipment": -146192,
"netCashUsedInInvestingActivities": -179880,
"leasePayments": -340886,
"netCashUsedInFinancingActivities": -340886,
"foreignExchangeDifferences": -32482,
"changeInCashAndCashEquivalents": -1156627,
"cashAndCashEquivalentsBeginning": 2554578,
"cashAndCashEquivalentsEnd": 1397951
}
},
"investmentsAndOtherAssets": [
{
"type": "Subsidiary",
"description": "Vencanna Acquisition Inc.",
"ownershipPercentage": 100,
"value": null,
"notes": "Wholly owned subsidiary, functional currency USD"
},
{
"type": "Subsidiary",
"description": "The Cannavative Group LLC (Cannavative)",
"ownershipPercentage": 100,
"value": null,
"notes": "Wholly owned subsidiary acquired April 30, 2024, licensed manufacturer and distributor in Nevada"
},
{
"type": "Subsidiary",
"description": "Cannavative Extracts, LLC (CE)",
"ownershipPercentage": 100,
"value": null,
"notes": "Wholly owned subsidiary of Cannavative"
},
{
"type": "Subsidiary",
"description": "Cannavative Farms, LLC (CF)",
"ownershipPercentage": 100,
"value": null,
"notes": "Wholly owned subsidiary of Cannavative"
},
{
"type": "Controlled Entity",
"description": "Vencanna NJ LLC",
"ownershipPercentage": 95,
"value": null,
"notes": "Controlled entity with 95% membership interest, functional currency USD"
},
{
"type": "Controlled Entity",
"description": "TGC New Jersey LLC (TGC)",
"ownershipPercentage": 0,
"value": null,
"notes": "Controlled entity via significant influence, no direct ownership, 100% non-controlling interest, holds cultivation/manufacturing/retail licenses in New Jersey"
},
{
"type": "Controlled Entity",
"description": "CGT New Jersey LLC (CGT)",
"ownershipPercentage": 0,
"value": null,
"notes": "Controlled entity via significant influence, no direct ownership, 100% non-controlling interest, holds conditional retail license in New Jersey"
},
{
"type": "Controlled Entity",
"description": "October Gold LLC (OG)",
"ownershipPercentage": 0,
"value": null,
"notes": "Controlled entity via significant influence, no direct ownership, 100% non-controlling interest, holds conditional retail license in New Jersey"
}
],
"shareStructure": {
"authorizedShares": "Unlimited common shares; AcquisitionCo: 550,000,000 shares (100,000 Class A Non-exchangeable voting, 549,900,000 Class B Non-voting exchangeable)",
"issuedShares": 278619556,
"classesOfShares": ["Common Shares", "Exchangeable Shares"],
"warrants": [],
"options": [],
"rightsConvertibleInstruments": "Exchangeable Shares are exchangeable on a 1:1 basis into common shares of the Company at the holder's discretion."
},
"managementCompensation": {
"currency": "USD",
"periods": {
"threeMonths_oct2025": {
"executiveCompensationCEO": 31397,
"executiveCompensationCFOChairman": 20480,
"total": 51877
},
"threeMonths_oct2024": {
"executiveCompensationCEO": 33222,
"executiveCompensationCFOChairman": 23348,
"total": 56570
},
"sixMonths_oct2025": {
"executiveCompensationCEO": 68015,
"executiveCompensationCFOChairman": 44365,
"total": 112380
},
"sixMonths_oct2024": {
"executiveCompensationCEO": 66444,
"executiveCompensationCFOChairman": 46696,
"total": 113140
}
},
"namedIndividuals": [
{
"name": null,
"title": "CEO",
"period": "sixMonths_oct2025",
"components": {
"salary": 68015,
"bonus": null,
"total": 68015
}
},
{
"name": null,
"title": "CFO and Chairman",
"period": "sixMonths_oct2025",
"components": {
"salary": 44365,
"bonus": null,
"total": 44365
}
}
],
"otherRelatedPartyTransactions": [
{
"counterparty": "Insiders (CEO, independent director)",
"description": "Equity holders in TGC and OG (NJ Entities) - significant influence relationship",
"amount": null,
"period": "Ongoing"
}
]
},
"subsequentEvents": [
{
"eventDate": "2025-11-25",
"description": "Entered into a membership interest purchase agreement to sell its 95% membership interest in Vencanna NJ, LLC. Total consideration: $1,250,000 plus cash reimbursement of deposits (~$135,000) plus earnout of up to $250,000. Expected close in first half of 2026.",
"impactValue": 1250000
}
]
}
]
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