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<p style="margin: 0"></p>

<!-- Field: Rule-Page --><div style="text-align: left; margin-top: 12pt; margin-bottom: 3pt"><div style="border-top: Black 2pt solid; border-bottom: Black 1pt solid; font-size: 1pt; width: 100%">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font: 14pt Times New Roman, Times, Serif"><b>UNITED
STATES&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font: 14pt Times New Roman, Times, Serif"><b>SECURITIES
AND EXCHANGE COMMISSION</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font: 12pt Times New Roman, Times, Serif"><b>Washington,
DC 20549</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p>

<hr style="border-width: 0; background-color: Black; height: 1px; color: Black; width: 25%; margin-top: 3pt; margin-bottom: 3pt" />
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font: 18pt Times New Roman, Times, Serif"><b>FORM
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p>

<hr style="border-width: 0; background-color: Black; height: 1px; color: Black; width: 25%; margin-top: 3pt; margin-bottom: 3pt" />
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
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</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><b>For
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
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</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif">For
the transition period from __________ to ___________</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Commission
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font: 24pt Times New Roman, Times, Serif"><b><span style="text-decoration: underline"><span id="xdx_905_edei--EntityRegistrantName_c20201001__20210630_zX67g6WHUzq6"><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" name="dei:EntityRegistrantName">CANNING STREET CORPORATION</ix:nonNumeric></span></span>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif">(Exact
name of registrant as specified in its charter)</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
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<tr style="vertical-align: top">
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<tr style="vertical-align: top">
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<tr style="vertical-align: top">
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><b><span style="text-decoration: underline"><span id="xdx_90C_edei--CityAreaCode_c20201001__20210630_ziu7rmeCoRx7"><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" name="dei:CityAreaCode">941</ix:nonNumeric></span>.<span id="xdx_902_edei--LocalPhoneNumber_c20201001__20210630_zPfPpSlC5MA8"><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" name="dei:LocalPhoneNumber">270.8885</ix:nonNumeric></span></span></b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif">(Registrant&#8217;s
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif"></span></p>

<hr style="border-width: 0; background-color: Black; height: 1px; color: Black; width: 25%; margin-top: 3pt; margin-bottom: 3pt" />
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif">&#160;</span>&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif">&#160;(Former
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif">Securities
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
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<tr style="vertical-align: top">
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Indicate
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(2) has been subject to the filing requirements for the past 90 days.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">&#160;&#160;</span></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif">Indicate
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

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<tr style="vertical-align: top">
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</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"></span></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company or an emerging growth company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221;
&#8220;smaller reporting company,&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">&#160;</span></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Indicate
the number of share outstanding</span> of each of the issuer&#8217;s classes of common stock, as of the latest practicable date.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of August 5, 2021, there were <span id="xdx_901_edei--EntityCommonStockSharesOutstanding_iI_c20210805_z6NhqlHQq7ad"><ix:nonFraction name="dei:EntityCommonStockSharesOutstanding" contextRef="AsOf2021-08-05" format="ixt:numdotdecimal" decimals="INF" unitRef="Shares">619,085</ix:nonFraction></span> shares
of the registrant&#8217;s common stock issued and outstanding.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Table of Contents</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td style="width: 82%; text-align: justify"><span style="font-size: 10pt"><b>PART I - FINANCIAL INFORMATION</b></span></td>
<td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt"><b>Page</b></span></td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td>&#160;</td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td></tr>
<tr style="vertical-align: top">
<td><span style="font-size: 10pt">Item 1.</span></td>
<td><span style="font-size: 10pt"><a href="#a_002">Financial Statements</a></span></td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">2</span></td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td>&#160;</td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td><span style="font-size: 10pt"><a href="#a_003">Condensed Balance Sheets (Unaudited) as of June 30, 2021 and September 30, 2020 (Audited)</a></span></td>
<td style="text-align: center"><span style="font-size: 10pt">2</span></td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td style="text-align: justify">&#160;</td>
<td style="text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td><span style="font-size: 10pt"><a href="#a_004">Condensed Statements of Operations (Unaudited) for the Nine months and Three Months Ended June 30, 2021 and 2020</a></span></td>
<td style="text-align: center"><span style="font-size: 10pt">3</span></td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td style="text-align: justify">&#160;</td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td style="text-align: justify"><span style="font-size: 10pt"><a href="#a_005">Condensed Statements of Stockholders&#8217; Deficit (Unaudited) for the Nine months Ended June 30, 2020</a></span></td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">4</span></td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td style="text-align: justify">&#160;</td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td><span style="font-size: 10pt"><a href="#a_006">Condensed Statements of Cash Flows (Unaudited) for the Nine months Ended June 30, 2020</a></span></td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-size: 10pt">5</span></td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td>&#160;</td>
<td style="text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td><span style="font-size: 10pt"><a href="#a_007">Notes to Condensed Financial Statements (Unaudited)</a></span></td>
<td style="text-align: center"><span style="font-size: 10pt">6</span></td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td>&#160;</td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td><span style="font-size: 10pt">Item 2.</span></td>
<td><span style="font-size: 10pt"><a href="#a_008">Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</a></span></td>
<td style="text-align: center"><span style="font-size: 10pt">13</span></td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td>&#160;</td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td><span style="font-size: 10pt">Item 3.</span></td>
<td><span style="font-size: 10pt"><a href="#a_009">Quantitative and Qualitative Disclosures About Market Risk</a></span></td>
<td style="text-align: center"><span style="font-size: 10pt">17</span></td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td>&#160;</td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td><span style="font-size: 10pt">Item 4.</span></td>
<td><span style="font-size: 10pt"><a href="#a_010">Controls and Procedures</a></span></td>
<td style="text-align: center"><span style="font-size: 10pt">17</span></td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td>&#160;</td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td>
<td style="text-align: center"><span style="font-size: 10pt"><b>PART II - OTHER INFORMATION</b></span></td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td>&#160;</td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td><span style="font-size: 10pt">Item 1.</span></td>
<td><span style="font-size: 10pt"><a href="#a_012">Legal Proceedings</a></span></td>
<td style="text-align: center"><span style="font-size: 10pt">18</span></td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td>&#160;</td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td><span style="font-size: 10pt">Item 1A.</span></td>
<td><span style="font-size: 10pt"><a href="#a_013">Risk Factors</a></span></td>
<td style="text-align: center"><span style="font-size: 10pt">18</span></td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td>&#160;</td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td><span style="font-size: 10pt">Item 2.</span></td>
<td><span style="font-size: 10pt"><a href="#a_014">Unregistered Sales of Equity Securities and Use of Proceeds</a></span></td>
<td style="text-align: center"><span style="font-size: 10pt">18</span></td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td>&#160;</td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td><span style="font-size: 10pt">Item 3.</span></td>
<td><span style="font-size: 10pt"><a href="#a_015">Defaults Upon Senior Securities</a></span></td>
<td style="text-align: center"><span style="font-size: 10pt">18</span></td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td>&#160;</td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td><span style="font-size: 10pt">Item 4.</span></td>
<td><span style="font-size: 10pt"><a href="#a_016">Mine Safety Disclosures</a></span></td>
<td style="text-align: center"><span style="font-size: 10pt">18</span></td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td>&#160;</td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td><span style="font-size: 10pt">Item 5.</span></td>
<td><span style="font-size: 10pt"><a href="#a_017">Other Information</a></span></td>
<td style="text-align: center"><span style="font-size: 10pt">18</span></td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td>&#160;</td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td><span style="font-size: 10pt">Item 6.</span></td>
<td><span style="font-size: 10pt"><a href="#a_018">Exhibits</a></span></td>
<td style="text-align: center"><span style="font-size: 10pt">18</span></td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
<td>&#160;</td>
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: top">
<td colspan="2"><span style="font-size: 10pt"><a href="#a_019">SIGNATURES</a></span></td>
<td style="text-align: center"><span style="font-size: 10pt">19</span></td></tr>
</table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b><span id="a_001"></span>PART I</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><span id="a_002"></span>ITEM 1. FINANCIAL STATEMENTS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>CANNING STREET CORPORATION</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b><span id="a_003"></span>CONDENSED BALANCE SHEETS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<table cellpadding="0" cellspacing="0" id="xdx_303_111_zfiuaxDyP0m8" summary="xdx: Statement - CONDENSED BALANCE SHEETS (Unaudited)" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td style="text-align: left">&#160;</td><td style="font-weight: bold">&#160;</td>
    <td colspan="3" id="xdx_497_20210630" style="font-weight: bold; text-align: right">&#160;</td><td style="font-weight: bold">&#160;</td>
    <td colspan="3" id="xdx_491_20200930" style="font-weight: bold; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="text-align: center">&#160;</td><td style="font-weight: bold">&#160;</td>
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    <td colspan="3" style="font-weight: bold; text-align: center">SEPTEMBER 30,</td></tr>
<tr style="vertical-align: bottom">
    <td style="text-align: center">&#160;</td><td style="font-weight: bold; padding-bottom: 1pt">&#160;</td>
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<tr style="vertical-align: bottom">
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<tr id="xdx_401_eus-gaap--AssetsAbstract_iB_z1LxSZkQcyw1" style="vertical-align: bottom; background-color: rgb(204,238,255)">
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<tr style="vertical-align: bottom; background-color: White">
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<tr id="xdx_408_eus-gaap--AssetsCurrentAbstract_i01B_z4jmAqzLgrtk" style="vertical-align: bottom; background-color: rgb(204,238,255)">
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<tr id="xdx_40A_eus-gaap--CashEquivalentsAtCarryingValue_i02I_d0_maCzb3q_zyRRshfUG4x9" style="vertical-align: bottom; background-color: White">
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<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
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<tr id="xdx_409_eus-gaap--AssetsCurrent_i01TI_d0_mtCzb3q_maCzn3q_zFcblo8UwYC1" style="vertical-align: bottom; background-color: White">
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<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
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<tr id="xdx_407_eus-gaap--Assets_iTI_d0_mtCzn3q_zMdBFY3HB8s2" style="vertical-align: bottom; background-color: White">
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<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
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<tr id="xdx_40E_eus-gaap--LiabilitiesAndStockholdersEquityAbstract_iB_zMDUrOdq8bN3" style="vertical-align: bottom; background-color: White">
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<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
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    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr id="xdx_406_eus-gaap--LiabilitiesCurrentAbstract_i01B_zmcZio38H8bf" style="vertical-align: bottom; background-color: White">
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    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr id="xdx_402_eus-gaap--AccountsPayableCurrent_i02I_maCzClJ_zwwi5qVR4Avl" style="vertical-align: bottom; background-color: rgb(204,238,255)">
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<tr id="xdx_40F_eus-gaap--AccountsPayableRelatedPartiesCurrent_i02I_maCzClJ_z22Dom218BFa" style="vertical-align: bottom; background-color: White">
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<tr id="xdx_40F_eus-gaap--NotesAndLoansPayableCurrent_i02I_maCzClJ_zUrg1fo3Jqd4" style="vertical-align: bottom; background-color: rgb(204,238,255)">
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<tr style="vertical-align: bottom; background-color: White">
    <td>&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td></tr>
<tr id="xdx_400_eus-gaap--LiabilitiesCurrent_i01TI_mtCzClJ_maCz0ji_zMLM0fwMg3u" style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-weight: bold; text-align: left">Total Current Liabilities</td><td>&#160;</td>
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<tr style="vertical-align: bottom; background-color: White">
    <td>&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td></tr>
<tr id="xdx_40C_eus-gaap--Liabilities_i01TI_mtCz0ji_maCzllK_zZguXxJdU61f" style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-weight: bold; text-align: left">Total Liabilities</td><td>&#160;</td>
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<tr style="vertical-align: bottom; background-color: White">
    <td>&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr id="xdx_404_eus-gaap--CommitmentsAndContingencies_i01I_d0_zjArfMHqUlR1" style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="text-align: left">Commitments and Contingencies (Note 8)</td><td>&#160;</td>
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    <td style="text-align: left">&#160;</td><td style="text-align: right"><ix:nonFraction name="us-gaap:CommitmentsAndContingencies" contextRef="AsOf2020-09-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td>&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr id="xdx_405_eus-gaap--StockholdersEquityAbstract_i01B_zs8b4fr4sNra" style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-weight: bold; text-align: left">Shareholders&#8217; Deficit</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr id="xdx_407_eus-gaap--PreferredStockValue_i02I_d0_maCzhZy_zy5uNkfiCww8" style="vertical-align: bottom; background-color: White">
    <td style="padding: 0 0 0 20pt; text-align: left">Preferred Stock, $<span id="xdx_90D_eus-gaap--PreferredStockParOrStatedValuePerShare_c20210630_pdd" title="Preferred stock, par value"><span id="xdx_90F_eus-gaap--PreferredStockParOrStatedValuePerShare_c20200930_pdd" title="Preferred stock, par value"><ix:nonFraction name="us-gaap:PreferredStockParOrStatedValuePerShare" contextRef="AsOf2021-06-30" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares"><ix:nonFraction name="us-gaap:PreferredStockParOrStatedValuePerShare" contextRef="AsOf2020-09-30" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">0.0001</ix:nonFraction></ix:nonFraction></span></span> par value, <span id="xdx_905_eus-gaap--PreferredStockSharesAuthorized_c20210630_pdd" title="Preferred stock, shares authorized"><span id="xdx_907_eus-gaap--PreferredStockSharesAuthorized_c20200930_pdd" title="Preferred stock, shares authorized"><ix:nonFraction name="us-gaap:PreferredStockSharesAuthorized" contextRef="AsOf2021-06-30" format="ixt:numdotdecimal" decimals="INF" unitRef="Shares"><ix:nonFraction name="us-gaap:PreferredStockSharesAuthorized" contextRef="AsOf2020-09-30" format="ixt:numdotdecimal" decimals="INF" unitRef="Shares">10,000,000</ix:nonFraction></ix:nonFraction></span></span> shares authorized, <span id="xdx_90A_eus-gaap--PreferredStockSharesIssued_c20210630_pdd" title="Preferred stock, shares issued"><span id="xdx_90F_eus-gaap--PreferredStockSharesOutstanding_c20210630_pdd" title="Preferred stock, shares outstanding"><span id="xdx_90C_eus-gaap--PreferredStockSharesIssued_c20200930_pdd" title="Preferred stock, shares issued"><span id="xdx_901_eus-gaap--PreferredStockSharesOutstanding_c20200930_pdd" title="Preferred stock, shares outstanding"><ix:nonFraction name="us-gaap:PreferredStockSharesIssued" contextRef="AsOf2021-06-30" format="ixt:numdotdecimal" decimals="INF" unitRef="Shares"><ix:nonFraction name="us-gaap:PreferredStockSharesOutstanding" contextRef="AsOf2021-06-30" format="ixt:numdotdecimal" decimals="INF" unitRef="Shares"><ix:nonFraction name="us-gaap:PreferredStockSharesIssued" contextRef="AsOf2020-09-30" format="ixt:numdotdecimal" decimals="INF" unitRef="Shares"><ix:nonFraction name="us-gaap:PreferredStockSharesOutstanding" contextRef="AsOf2020-09-30" format="ixt:numdotdecimal" decimals="INF" unitRef="Shares">0</ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction></span></span></span></span> issued or outstanding</td><td>&#160;</td>
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    <td style="text-align: left">&#160;</td><td style="text-align: right"><ix:nonFraction name="us-gaap:PreferredStockValue" contextRef="AsOf2020-09-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
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<tr style="vertical-align: bottom; background-color: White">
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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  <td style="padding-left: 10pt; text-indent: -10pt; width: 97%"><i id="xdx_F11_z1vAImCPOtC1"><ix:footnote id="Footnote000128" xml:lang="en-US">As retrospectively restated for a 2,000: 1 reverse stock split effective December 29, 2020</ix:footnote></i></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><i>The accompanying notes are an integral part
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>CANNING STREET CORPORATION</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b><span id="a_004"></span>CONDENSED STATEMENTS OF OPERATIONS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(<b>UNAUDITED</b>)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

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<td>&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td id="xdx_495_20210401_20210630" style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td id="xdx_493_20200401_20200630" style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td id="xdx_491_20201001_20210630" style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td id="xdx_496_20191001_20200630" style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom">
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<td style="text-align: center">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
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<td style="text-align: left">$</td>
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<td>&#160;</td>
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<td style="text-align: right"><ix:nonFraction name="us-gaap:Revenues" contextRef="From2020-04-012020-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td>
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<td>&#160;</td>
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<td style="text-align: right"><ix:nonFraction name="us-gaap:Revenues" contextRef="From2020-10-01to2021-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td>
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<td>&#160;</td>
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<td style="text-align: right"><ix:nonFraction name="us-gaap:Revenues" contextRef="From2019-10-012020-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td>
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<td>&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td></tr>
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<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td></tr>
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<td style="width: 3%; color: black">&#160;</td>
<td style="width: 1%; color: black; text-align: left">&#160;</td>
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<td style="width: 3%">&#160;</td>
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<td style="width: 10%; text-align: right"><ix:nonFraction name="us-gaap:GeneralAndAdministrativeExpense" contextRef="From2020-04-012020-06-30" format="ixt:numdotdecimal" decimals="0" unitRef="USD">0</ix:nonFraction></td>
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<td style="width: 3%">&#160;</td>
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<td style="width: 10%; text-align: right"><ix:nonFraction name="us-gaap:GeneralAndAdministrativeExpense" contextRef="From2020-10-01to2021-06-30" format="ixt:numdotdecimal" decimals="0" unitRef="USD">51,596</ix:nonFraction></td>
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<td style="width: 3%">&#160;</td>
<td style="width: 1%; text-align: left">&#160;</td>
<td style="width: 10%; text-align: right"><ix:nonFraction name="us-gaap:GeneralAndAdministrativeExpense" contextRef="From2019-10-012020-06-30" format="ixt:numdotdecimal" decimals="0" unitRef="USD">0</ix:nonFraction></td>
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<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td>&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td></tr>
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<td style="color: black; font-weight: bold; text-align: left">Total Expenses</td>
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<td style="text-align: left">&#160;</td>
<td style="text-align: right"><ix:nonFraction name="us-gaap:OperatingExpenses" contextRef="From2021-04-012021-06-30" format="ixt:numdotdecimal" decimals="0" unitRef="USD">7,221</ix:nonFraction></td>
<td style="text-align: left">&#160;</td>
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<td style="text-align: left">&#160;</td>
<td style="text-align: right"><ix:nonFraction name="us-gaap:OperatingExpenses" contextRef="From2020-04-012020-06-30" format="ixt:numdotdecimal" decimals="0" unitRef="USD">0</ix:nonFraction></td>
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<td style="text-align: left">&#160;</td>
<td style="text-align: right"><ix:nonFraction name="us-gaap:OperatingExpenses" contextRef="From2020-10-01to2021-06-30" format="ixt:numdotdecimal" decimals="0" unitRef="USD">51,596</ix:nonFraction></td>
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<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right"><ix:nonFraction name="us-gaap:OperatingExpenses" contextRef="From2019-10-012020-06-30" format="ixt:numdotdecimal" decimals="0" unitRef="USD">0</ix:nonFraction></td>
<td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td>&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td></tr>
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<td style="text-align: left">&#160;</td>
<td style="text-align: right">(<ix:nonFraction name="us-gaap:OperatingIncomeLoss" contextRef="From2021-04-012021-06-30" format="ixt:numdotdecimal" decimals="0" sign="-" unitRef="USD">7,221</ix:nonFraction></td>
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<td style="text-align: right"><ix:nonFraction name="us-gaap:OperatingIncomeLoss" contextRef="From2020-04-012020-06-30" format="ixt:numdotdecimal" decimals="0" unitRef="USD">0</ix:nonFraction></td>
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<td style="text-align: right">(<ix:nonFraction name="us-gaap:OperatingIncomeLoss" contextRef="From2020-10-01to2021-06-30" format="ixt:numdotdecimal" decimals="0" sign="-" unitRef="USD">51,596</ix:nonFraction></td>
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<td style="text-align: right"><ix:nonFraction name="us-gaap:OperatingIncomeLoss" contextRef="From2019-10-012020-06-30" format="ixt:numdotdecimal" decimals="0" unitRef="USD">0</ix:nonFraction></td>
<td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td>&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td></tr>
<tr id="xdx_401_eus-gaap--OtherExpenses_d0_msCzZh9_zVLORPAVMtri" style="vertical-align: bottom; background-color: White">
<td style="color: black; font-weight: bold; text-align: left">OTHER INCOME (EXPENSE)</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right"><ix:nonFraction name="us-gaap:OtherExpenses" contextRef="From2021-04-012021-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right"><ix:nonFraction name="us-gaap:OtherExpenses" contextRef="From2020-04-012020-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right"><ix:nonFraction name="us-gaap:OtherExpenses" contextRef="From2020-10-01to2021-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td>
<td style="text-align: left">&#160;</td>
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<td style="text-align: left">&#160;</td>
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<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td></tr>
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<td style="text-align: left">&#160;</td>
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<td style="text-align: left">&#160;</td></tr>
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<td>&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
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<td style="text-align: left">&#160;</td>
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<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td>&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td></tr>
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<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right"><ix:nonFraction name="us-gaap:IncomeTaxExpenseBenefit" contextRef="From2020-04-012020-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right"><ix:nonFraction name="us-gaap:IncomeTaxExpenseBenefit" contextRef="From2020-10-01to2021-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right"><ix:nonFraction name="us-gaap:IncomeTaxExpenseBenefit" contextRef="From2019-10-012020-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td>
<td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td>&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td>
<td style="padding-bottom: 1pt">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td>
<td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td>
<td style="padding-bottom: 1pt; text-align: left">&#160;</td></tr>
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<td style="padding-bottom: 2.5pt">&#160;</td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td>
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<td style="padding-bottom: 2.5pt">&#160;</td>
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<td style="padding-bottom: 2.5pt">&#160;</td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td>
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<td style="padding-bottom: 2.5pt; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td>&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td></tr>
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<td style="padding-bottom: 2.5pt">&#160;</td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td>
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<td style="padding-bottom: 2.5pt; text-align: left">&#160;</td>
<td style="padding-bottom: 2.5pt">&#160;</td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td>
<td style="border-bottom: Black 2.5pt double; text-align: right">(<ix:nonFraction name="us-gaap:EarningsPerShareBasicAndDiluted" contextRef="From2020-10-01to2021-06-30" format="ixt:numdotdecimal" decimals="INF" sign="-" unitRef="USDPShares">0.08</ix:nonFraction></td>
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<td style="padding-bottom: 2.5pt">&#160;</td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td>
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<td style="padding-bottom: 2.5pt; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td>&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td>
<td>&#160;</td>
<td style="text-align: left">&#160;</td>
<td style="text-align: right">&#160;</td>
<td style="text-align: left">&#160;</td></tr>
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<td style="border-bottom: Black 2.5pt double; text-align: left">&#160;</td>
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<td style="padding-bottom: 2.5pt; text-align: left">*</td>
<td style="padding-bottom: 2.5pt">&#160;</td>
<td style="border-bottom: Black 2.5pt double; text-align: left">&#160;</td>
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<td style="padding-bottom: 2.5pt; text-align: left">*</td>
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<td style="border-bottom: Black 2.5pt double; text-align: left">&#160;</td>
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<td style="padding-bottom: 2.5pt">&#160;</td>
<td style="border-bottom: Black 2.5pt double; text-align: left">&#160;</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellpadding="0" cellspacing="0" border="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
  <td style="padding-left: 10pt; text-indent: -10pt; width: 3%"><i id="xdx_F0E_zoLJjOlXZ9m8">*</i></td>
  <td style="padding-left: 10pt; text-indent: -10pt; width: 97%"><i id="xdx_F1C_zpQk7vTmFqtj"><ix:footnote id="Footnote000192" xml:lang="en-US">As retrospectively restated for a 2,000; 1 reverse stock split effective December 29, 2020</ix:footnote></i></td></tr>
</table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><i>The accompanying notes are an integral part
of these condensed financial statements</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>CANNING STREET CORPORATION</b>&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b><span id="a_005"></span>CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS&#8217;
DEFICIT</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>(UNAUDITED)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

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<tr id="xdx_43D_c20191001__20200630_eus-gaap--StockholdersEquity_iS_zT69wNAQgYEl" style="vertical-align: bottom; background-color: rgb(204,238,255)">
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<tr id="xdx_400_eus-gaap--NetIncomeLoss_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)">
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    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
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<tr id="xdx_436_c20191001__20200630_eus-gaap--StockholdersEquity_iE_zyAt0btTmXp3" style="vertical-align: bottom; background-color: rgb(204,238,255)">
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    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr id="xdx_433_c20201001__20210630_eus-gaap--StockholdersEquity_iS_z5wjzOFvce2h" style="vertical-align: bottom; background-color: rgb(204,238,255)">
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<tr style="vertical-align: bottom; background-color: White">
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    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
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<tr id="xdx_40E_ecustom--DonatedCapital_iP3us-gaap--SharesOutstanding_zc7bnGjlfPI" style="vertical-align: bottom; background-color: rgb(204,238,255)">
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<tr style="vertical-align: bottom; background-color: White">
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    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
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<tr id="xdx_40E_eus-gaap--NetIncomeLoss_zlcOW5XIoju7" style="vertical-align: bottom; background-color: rgb(204,238,255)">
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<tr style="vertical-align: bottom; background-color: White">
    <td>&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
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<tr id="xdx_436_c20201001__20210630_eus-gaap--StockholdersEquity_iE_zc8Vnnw45qee" style="vertical-align: bottom; background-color: rgb(204,238,255)">
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</table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><i>* As retrospectively restated for a 2,000: 1 reverse stock split
effective December 29, 2020</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><i>The accompanying notes are an integral part
of these condensed financial statements</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>CANNING STREET CORPORATION</b>&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b><span id="a_006"></span>CONDENSED STATEMENTS OF CASH FLOW</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>(UNAUDITED)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<table cellpadding="0" cellspacing="0" id="xdx_308_112_zkJIEmjuRGE3" summary="xdx: Statement - CONDENSED STATEMENTS OF CASH FLOW (Unaudited)" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom; background-color: White">
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<tr style="vertical-align: bottom">
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    <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">FOR THE NINE MONTHS ENDED JUNE 30, 2020</td></tr>
<tr style="vertical-align: bottom">
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<tr id="xdx_408_eus-gaap--NetCashProvidedByUsedInOperatingActivitiesAbstract_iB_z8o6X24hka7l" style="vertical-align: bottom; background-color: rgb(204,238,255)">
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    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td>&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
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<tr id="xdx_40F_eus-gaap--ProfitLoss_i01_d0_maCzm0s_zDFsXMiWIcBf" style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 56%; text-align: left">Net Loss</td><td style="width: 8%">&#160;</td>
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<tr id="xdx_401_eus-gaap--AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities_i01_d0_maCzm0s_zLsk4VIgzhq2" style="vertical-align: bottom; background-color: White">
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    <td style="text-align: left">&#160;</td><td style="text-align: right"><ix:nonFraction name="us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" contextRef="From2020-10-01to2021-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><ix:nonFraction name="us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" contextRef="From2019-10-012020-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td>&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr id="xdx_40D_eus-gaap--IncreaseDecreaseInOperatingCapitalAbstract_i01B_z8K0gjQ2S3U6" style="vertical-align: bottom; background-color: White">
    <td style="font-weight: bold; text-align: left">Changes in working capital items:</td><td>&#160;</td>
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    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr id="xdx_403_eus-gaap--IncreaseDecreaseInAccountsPayable_i02_d0_maCzm0s_zRmPpPndKqC2" style="vertical-align: bottom; background-color: rgb(204,238,255)">
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<tr id="xdx_40B_ecustom--AccrualsPaidByPriorControllingShareholders_i02_maCzm0s_zkaFGsvfsP1" style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="padding: 0 0 0 20pt; text-align: left">Accruals paid by prior Controlling Shareholders</td><td>&#160;</td>
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    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr id="xdx_404_eus-gaap--IncreaseDecreaseInOtherAccruedLiabilities_i02_d0_maCzm0s_z3UX8md8vJRa" style="vertical-align: bottom; background-color: White">
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    <td style="text-align: left">&#160;</td><td style="text-align: right"><ix:nonFraction name="us-gaap:IncreaseDecreaseInOtherAccruedLiabilities" contextRef="From2019-10-012020-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td>&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td></tr>
<tr id="xdx_40C_eus-gaap--NetCashProvidedByUsedInOperatingActivities_iT_d0_mtCzm0s_maCzENF_zbNhfm2R7y9e" style="vertical-align: bottom; background-color: White">
    <td style="font-weight: bold; text-align: left">Net Cash Used in Operating Activities</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><ix:nonFraction name="us-gaap:NetCashProvidedByUsedInOperatingActivities" contextRef="From2020-10-01to2021-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="text-align: left"></td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><ix:nonFraction name="us-gaap:NetCashProvidedByUsedInOperatingActivities" contextRef="From2019-10-012020-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td>&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr id="xdx_40A_eus-gaap--NetCashProvidedByUsedInInvestingActivities_d0_maCzENF_zyGO1z1Pfpl2" style="vertical-align: bottom; background-color: White">
    <td style="font-weight: bold; text-align: left">Net Cash Flow from Investing Activities</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><ix:nonFraction name="us-gaap:NetCashProvidedByUsedInInvestingActivities" contextRef="From2020-10-01to2021-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><ix:nonFraction name="us-gaap:NetCashProvidedByUsedInInvestingActivities" contextRef="From2019-10-012020-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td>&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr id="xdx_40D_eus-gaap--NetCashProvidedByUsedInFinancingActivitiesAbstract_iB_zBSr92eGrlne" style="vertical-align: bottom; background-color: White">
    <td style="font-weight: bold; text-align: left">Net Cash Flow from Financing Activities</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr id="xdx_400_ecustom--DonatedCapitals_i01_d0_maCzmcr_zqPhF0FrpbJ5" style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="padding: 0 0 0 30pt; text-align: left">Cash Advanced by Related Party (net of $1,500 Repaid)</td><td>&#160;</td>
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    <td style="text-align: left">&#160;</td><td style="text-align: right"><ix:nonFraction name="cstc:DonatedCapitals" contextRef="From2019-10-012020-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td>&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td></tr>
<tr id="xdx_40C_eus-gaap--NetCashProvidedByUsedInFinancingActivities_iT_d0_mtCzmcr_maCzENF_zy99nV5XqRN8" style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-weight: bold; text-align: left">Net Cash Provided by Financing Activities</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><ix:nonFraction name="us-gaap:NetCashProvidedByUsedInFinancingActivities" contextRef="From2020-10-01to2021-06-30" format="ixt:numdotdecimal" decimals="0" unitRef="USD">18,500</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><ix:nonFraction name="us-gaap:NetCashProvidedByUsedInFinancingActivities" contextRef="From2019-10-012020-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td>&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td></tr>
<tr id="xdx_40E_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_iT_d0_mtCzENF_z2mOsb0zLct4" style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-weight: bold; text-align: left">Net Change in Cash:</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><ix:nonFraction name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" contextRef="From2020-10-01to2021-06-30" format="ixt:numdotdecimal" decimals="0" unitRef="USD">18,500</ix:nonFraction></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><ix:nonFraction name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" contextRef="From2019-10-012020-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td>&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr id="xdx_401_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iS_d0_z6q0s5gs5Kf" style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-weight: bold; text-align: left">Beginning Cash:</td><td>&#160;</td>
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    <td style="text-align: left">$</td><td style="text-align: right"><ix:nonFraction name="us-gaap:CashAndCashEquivalentsAtCarryingValue" contextRef="AsOf2019-09-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td>&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td></tr>
<tr id="xdx_407_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iE_d0_zjwk28vbIcsi" style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-weight: bold">Ending Cash:</td><td style="padding-bottom: 2.5pt">&#160;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><ix:nonFraction name="us-gaap:CashAndCashEquivalentsAtCarryingValue" contextRef="AsOf2021-06-30" format="ixt:numdotdecimal" decimals="0" unitRef="USD">18,500</ix:nonFraction></td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td><td style="padding-bottom: 2.5pt">&#160;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><ix:nonFraction name="us-gaap:CashAndCashEquivalentsAtCarryingValue" contextRef="AsOf2020-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td>&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr id="xdx_408_eus-gaap--SupplementalCashFlowInformationAbstract_iB_zxvIzrhvILZd" style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="font-weight: bold; text-align: left">Supplemental Disclosures of Cash Flow Information:</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr id="xdx_40C_eus-gaap--InterestPaidNet_i01_d0_zbUyyXwux3Qe" style="vertical-align: bottom; background-color: White">
    <td style="padding: 0 0 0 20pt; text-align: left">Cash paid for interest</td><td style="padding-bottom: 2.5pt">&#160;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><ix:nonFraction name="us-gaap:InterestPaidNet" contextRef="From2020-10-01to2021-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td><td style="padding-bottom: 2.5pt">&#160;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><ix:nonFraction name="us-gaap:InterestPaidNet" contextRef="From2019-10-012020-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td></tr>
<tr id="xdx_401_eus-gaap--IncomeTaxesPaidNet_i01_d0_zPUxpWdrba71" style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="padding: 0 0 0 20pt; text-align: left">Cash paid for tax</td><td style="padding-bottom: 2.5pt">&#160;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><ix:nonFraction name="us-gaap:IncomeTaxesPaidNet" contextRef="From2020-10-01to2021-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td><td style="padding-bottom: 2.5pt">&#160;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><ix:nonFraction name="us-gaap:IncomeTaxesPaidNet" contextRef="From2019-10-012020-06-30" format="ixt:zerodash" decimals="0" unitRef="USD">&#8212;</ix:nonFraction></td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td></tr>
<tr id="xdx_404_eus-gaap--CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_i01B_zn5p1tjKlRJ5" style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="padding: 0 0 0 0pt; text-align: left">Noncash Investing and Financing Activities:</td><td style="padding-bottom: 2.5pt">&#160;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left">&#160;</td><td style="border-bottom: Black 2.5pt double; text-align: right">&#160;</td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td><td style="padding-bottom: 2.5pt">&#160;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left">&#160;</td><td style="border-bottom: Black 2.5pt double; text-align: right">&#160;</td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td></tr>
<tr id="xdx_402_ecustom--DonationOf51004OfRelatedPartyAccrualsByShareholdersInChangeOfControlTransaction_i01_zPgvnGCdXmD3" style="vertical-align: bottom; background-color: rgb(204,238,255)">
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</td><td style="padding-bottom: 2.5pt">&#160;</td>
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<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
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    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
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                                                     <p style="margin-left: 20pt; margin-top: 0; margin-bottom: 0">FLOWS FROM THE COMPANY'S INCEPTION TO</p>
                                                     <p style="margin-left: 20pt; margin-top: 0; margin-bottom: 0">DATE ARE AS FOLLOWS:</p></td><td style="padding-bottom: 2.5pt">&#160;</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><i>The accompanying notes are an integral part
of these condensed financial statements</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>CANNING STREET CORP.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span id="a_007"></span>Notes to the Condensed Financial Statements</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Unaudited)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:NatureOfOperations"><p id="xdx_80B_eus-gaap--NatureOfOperations_zyFU60JujqKg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 1. <span id="xdx_820_zwKESxlkQFUg">NATURE OF OPERATIONS</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Nature of Business</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Canning Street <span style="background-color: white">Corporation.,
a Delaware corporation, (&#8220;Canning Street&#8221;, &#8220;the Company&#8221;, &#8220;We&#8221;, &#8220;Us&#8221; or &#8220;Our&#8217;)
is a publicly quoted shell company seeking to merge with an entity with experienced management and opportunities for growth in
return for shares of our common stock to create value for our shareholders. The Company is presently evaluating various opportunities
in the biotech industry. Although the Company has not entered into any agreements with potential merger candidates it is evaluating
several opportunities for acquisition although there is no guarantee that the Company will be able to successfully close such transactions.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>History</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Canning Street was incorporated in Delaware
on September 15, 2020.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Effective September
30, 2020, following a corporate reorganization as described below (&#8216;the Holding Company Reorganization&#8221; or &#8216;the
reverse recapitalization&#8221;), Canning Street became the reorganized successor to Alexandria Advantage Warranty Company, a publicly
quoted holding company that ceased trading in 2016.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Reorganization into a Holding Company Structure
for Canning Street Corporation, reorganization successor to Alexandria Advantage Warranty Company.</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective September 29, 2020, Alexandria Advantage
Warranty Company (&#8220;Alexandria Advantage Colorado&#8217;), a Colorado corporation, redomiciled to Delaware by merging with
its wholly owned subsidiary, Alexandria Advantage Warranty Company (&#8220;Alexandria Advantage Delaware&#8221;), a Delaware corporation.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Alexandria Advantage Colorado ceased to exist
as an independent legal entity following its merger with Alexandria Advantage Delaware.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to the Delaware Holding Company formation
statute, DGCL Section 251(g), Alexandria Advantage Delaware entered into an Agreement and Plan of Merger and Reorganization into
a Holding Company with Canning Street Corporation (&#8220;Canning Street&#8221;) and AAWC Corporation (&#8220;AAWC&#8221;), both
wholly-owned subsidiaries of Alexandria Advantage Delaware, effective September 30, 2020.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Agreement and Plan of Merger and Reorganization
into a Holding Company provided for the merger of Alexandria Advantage Delaware with, and into AAWC, with AAWC being the surviving
corporation in the merger, as a subsidiary to Canning Street. Alexandria Advantage Delaware ceased to exist as an independent legal
entity following its merger with AAWC. The shareholders of Alexandria Advantage Delaware were converted, by the holding company
reorganization, under the Agreement, to shareholders of Canning Street on a one for one basis pursuant to the Agreement and the
Delaware Statute Sec. 251(g).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">AAWC, the surviving company of the merger with
Alexandria Advantage Delaware, became a wholly-owned subsidiary of Canning Street, the holding company. Canning Street became the
parent holding company resulting under the Agreement, pursuant to Delaware General Corporation Law section 251(g), with its wholly
owned subsidiary company, AAWC, the surviving company of the merger with Alexandria Advantage Delaware.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of the Holding Company Reorganization,
shareholders in publicly quoted Alexandria Advantage Delaware, formerly the shareholders of Alexandria Advantage Colorado as of
the date of the reorganization, became shareholders in the publicly quoted Canning Street.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

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<ix:exclude><p id="xdx_234_z6JftdEYui36" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></ix:exclude>

<ix:exclude><p id="xdx_232_z4mYibFxtoB9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>CANNING STREET CORP.</b></p></ix:exclude>

<ix:exclude><p id="xdx_23B_zVIqie0Se371" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Notes to the Condensed Financial Statements</p></ix:exclude>

<ix:exclude><p id="xdx_232_z8KPGFVwiZub" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Unaudited)</p></ix:exclude>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">AAWC, being the direct successor by the merger
with Alexandria Advantage Delaware, became a subsidiary company of Canning Street. The Holding Company Reorganization has been
accounted for so as to reflect the fact that both AAWC and Canning Street were under common control at the date of the Holding
Company Reorganization, similar to a reverse acquisition of AAWC by Canning Street</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Disposal of AAWC Corporation.</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective September 30, 2020, Canning Street
disposed of <span id="xdx_90D_eus-gaap--DiscontinuedOperationEquityMethodInvestmentRetainedAfterDisposalOwnershipInterestPriorToDisposal_dp_c20191001__20200930__dei--LegalEntityAxis__custom--AAWCCorporationMember_zeWnAHRymzsb" title="Ownership interest prior to disposal"><ix:nonFraction name="us-gaap:DiscontinuedOperationEquityMethodInvestmentRetainedAfterDisposalOwnershipInterestPriorToDisposal" contextRef="From2019-10-012020-09-30_custom_AAWCCorporationMember" format="ixt:numdotdecimal" decimals="INF" scale="-2" unitRef="Pure">100</ix:nonFraction></span>% of the issued share capital of its sole subsidiary company, AAWC Corporation., to an unrelated third party for
a $<span id="xdx_909_eus-gaap--RepaymentsOfRelatedPartyDebt_pp0p0_c20191001__20200930__dei--LegalEntityAxis__custom--AAWCCorporationMember_z64hu5PgdQNj" title="Payment to related party"><ix:nonFraction name="us-gaap:RepaymentsOfRelatedPartyDebt" contextRef="From2019-10-012020-09-30_custom_AAWCCorporationMember" format="ixt:numdotdecimal" decimals="0" scale="0" unitRef="USD">1,000</ix:nonFraction></span> payment made to the purchaser to assume ownership of the subsidiary company with outstanding liabilities.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Reverse Stock Split</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_901_eus-gaap--StockholdersEquityReverseStockSplit_c20201001__20210630" title="Reverse stock split"><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" name="us-gaap:StockholdersEquityReverseStockSplit">Effective December 29, 2020 we completed a
2,000:1 reverse stock split</ix:nonNumeric></span>. All numbers of our common shares disclosed as issued and outstanding in this Form 10Q have been retrospectively
restated to reflect the impact of the reverse split.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Change in Trading Symbol</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective December 29, 2020, our trading symbol
changed from AAWC to CSTC.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><br />
Impact of the COVID-19 Pandemic </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">We have not commenced
operations as yet and consequently have not been directly impacted by the COVID-19 outbreak at this time. However, the detrimental
effect of the COVID-19 outbreak on the economy as a whole may have a detrimental impact on our ability to raise funding and identify
an entity to merge with for the foreseeable future. We are unable to predict with any certainty the ultimate impact COVID-19 outbreak
on our plans at this time.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:SubstantialDoubtAboutGoingConcernTextBlock"><p id="xdx_804_eus-gaap--SubstantialDoubtAboutGoingConcernTextBlock_zTflBZtmdvlf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 2. <span id="xdx_82B_zO8bFYdmfTr5">GOING CONCERN</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our financial statements are prepared using
accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the
realization of assets and the liquidation of liabilities in the normal course of business. We have no ongoing business or income,
incurred a loss of $<span id="xdx_90C_eus-gaap--ProfitLoss_iN_pp0p0_di_c20201001__20210630_zdJGJ4GliND9" title="Net income loss"><ix:nonFraction name="us-gaap:ProfitLoss" contextRef="From2020-10-01to2021-06-30" format="ixt:numdotdecimal" decimals="0" scale="0" sign="-" unitRef="USD">51,596</ix:nonFraction></span>
in the nine months ended June 30, 2021 and had a retained deficit of $<span id="xdx_900_eus-gaap--RetainedEarningsAccumulatedDeficit_iNI_pp0p0_di_c20210630_zDcfOtUXGhzc" title="Retained deficit"><ix:nonFraction name="us-gaap:RetainedEarningsAccumulatedDeficit" contextRef="AsOf2021-06-30" format="ixt:numdotdecimal" decimals="0" scale="0" sign="-" unitRef="USD">42,737</ix:nonFraction></span> as of June 30, 2021. These conditions raise substantial doubt about our ability to continue as a going concern. The financial
statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets
or the amounts and classification of liabilities that may result from the outcome of these uncertainties. Our ability to continue as
a going concern is dependent upon our ability to raise additional debt or equity funding to meet our ongoing operating expenses and
ultimately in merging with another entity with experienced management and profitable operations. No assurances can be given that we
will be successful in achieving these objectives.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:SignificantAccountingPoliciesTextBlock"><p id="xdx_808_eus-gaap--SignificantAccountingPoliciesTextBlock_zDrfX4IuXwNb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 3. <span id="xdx_828_zUIk8SXr3Rh2">SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:BasisOfAccountingPolicyPolicyTextBlock"><p id="xdx_84A_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zrP7PECRIYik" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_86A_zfHmMNUiZucg">Basis of Presentation</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The summary of significant accounting policies
is presented to assist in the understanding of the financial statements. These policies conform to accounting principles generally
accepted in the United States of America and have been consistently applied. We have selected September 30 as our financial year
end. We have not earned any revenue to date.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:UseOfEstimates"><p id="xdx_843_eus-gaap--UseOfEstimates_zfIq824YAYJc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_860_zr62sHeNgbe7">Use of Estimates</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">The preparation
of financial statements in conformity with generally accepted accounting principles (&#8220;GAAP&#8221;) requires management to
make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<ix:exclude><p id="xdx_230_zOQB71Fd6k1j" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p></ix:exclude>

<ix:exclude><!-- Field: Page; Sequence: 9; Value: 1 -->
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<ix:exclude><p id="xdx_233_zGf2tHypZVu9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></ix:exclude>

<ix:exclude><p id="xdx_231_zXmUNch4DNk3" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>CANNING STREET CORP.</b></p></ix:exclude>

<ix:exclude><p id="xdx_235_zfb5ISNWGpQ8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Notes to the Condensed Financial Statements</p></ix:exclude>

<ix:exclude><p id="xdx_236_zGzY6lrTIe0c" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Unaudited)</p></ix:exclude>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:CashAndCashEquivalentsPolicyTextBlock"><p id="xdx_84E_eus-gaap--CashAndCashEquivalentsPolicyTextBlock_z0Podsh2WTkc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_866_zHHBloXT3El9">Cash and Cash Equivalents</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">We
maintain cash balances in a non-interest-bearing account that currently does not exceed federally insured limits. For the purpose of
the statements of cash flows, all highly liquid investments with a maturity of three months or less are considered to be cash
equivalents. As of June 30, 2021 <span style="background-color: white">our cash balance was $<span id="xdx_908_eus-gaap--Cash_iI_pp0p0_c20210630_zhpzeu17Hs27"><ix:nonFraction name="us-gaap:Cash" contextRef="AsOf2021-06-30" format="ixt:numdotdecimal" decimals="0" scale="0" unitRef="USD">18,500</ix:nonFraction></span></span> and September 30, 2020,
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:FairValueMeasurementPolicyPolicyTextBlock"><p id="xdx_84F_eus-gaap--FairValueMeasurementPolicyPolicyTextBlock_zHpmnf8LmfCe" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_868_zfVsvWgeegv2">Fair Value Measurements</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC Topic 820, Fair Value Measurements and
Disclosures (&#8220;ASC 820&#8221;), provides a comprehensive framework for measuring fair value and expands disclosures which
are required about fair value measurements. Specifically, ASC 820 sets forth a definition of fair value and establishes a hierarchy
prioritizing the inputs to valuation techniques, giving the highest priority to quoted prices in active markets for identical assets
and liabilities and the lowest priority to unobservable value inputs. ASC 820 defines the hierarchy as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">Level 1 &#8211; Quoted prices
are available in active markets for identical assets or liabilities as of the reported date. The types of assets and liabilities
included in Level 1 are highly liquid and actively traded instruments with quoted prices, such as equities listed on the New York
Stock Exchange.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">Level 2 &#8211; Pricing
inputs are other than quoted prices in active markets but are either directly or indirectly observable as of the reported date.
The types of assets and liabilities in Level 2 are typically either comparable to actively traded securities or contracts or priced
with models using highly observable inputs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">Level 3 &#8211; Significant
inputs to pricing that are unobservable as of the reporting date. The types of assets and liabilities included in Level 3 are those
with inputs requiring significant management judgment or estimation, such as complex and subjective models and forecasts used to
determine the fair value of financial transmission rights.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our financial instruments consist of our accounts
payable, accrued expenses - related party and loan payable &#8211; related party. The carrying amount of our prepaid accounts payable,
accrued expenses- related parties and loan payable &#8211; related party approximates their fair values because of the short-term
maturities of these instruments.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="cstc:RelatedPartyTransactionsPolicyTextBlock"><p id="xdx_841_ecustom--RelatedPartyTransactionsPolicyTextBlock_zoWdmMoQe1td" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_867_zqOQFLsgmE82">Related Party Transactions</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A related party is generally defined as (i)
any person that holds 10% or more of our membership interests including such person&#8217;s immediate families, (ii) our management,
(iii) someone that directly or indirectly controls, is controlled by or is under common control with us, or (iv) anyone who can
significantly influence our financial and operating decisions. A transaction is considered to be a related party transaction when
there is a transfer of resources or obligations between related parties. See Notes 4 and 5 below for details of related party transactions
in the period presented.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:PropertyPlantAndEquipmentPolicyTextBlock"><p id="xdx_84B_eus-gaap--PropertyPlantAndEquipmentPolicyTextBlock_zP4K7ddMQtCk" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_86F_zn2YTw2e1nha">Fixed Assets</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">We owned
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:LesseeLeasesPolicyTextBlock"><p id="xdx_848_eus-gaap--LesseeLeasesPolicyTextBlock_zYEyhZYI8K2e" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_860_zoyU2VL9rdEf">Leases</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We determine if an arrangement is a lease at
inception. Operating leases are included in operating lease right-of-use (&#8220;ROU&#8221;) as assets, operating lease non-current
liabilities, and operating lease current liabilities in our balance sheet. Finance leases are property and equipment, other current
liabilities, and other non-current liabilities in the balance sheet.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<ix:exclude><p id="xdx_23A_zkhmPM1H8jH3" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p></ix:exclude>

<ix:exclude><!-- Field: Page; Sequence: 10; Value: 1 -->
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<ix:exclude><p id="xdx_234_zJ1EZVJZ3Kxf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></ix:exclude>

<ix:exclude><p id="xdx_233_zxIMLaeCoZs2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>CANNING STREET CORP.</b></p></ix:exclude>

<ix:exclude><p id="xdx_232_zSS1czNOAAqa" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Notes to the Condensed Financial Statements</p></ix:exclude>

<ix:exclude><p id="xdx_235_z2MbWNdXCpa7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Unaudited)</p></ix:exclude>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ROU assets represent the right to use an asset
for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease
ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over lease term.
As most of the leases do not provide an implicit rate, we generally use the incremental borrowing rate on the estimated rate of
interest for collateralized borrowing over a similar term of the lease payments at the commencement date. The operating ROU asset
also includes any lease payments made and exclude lease incentives. Lease expense for lease payment is recognized on a straight-line
basis over the lease term.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We were not party to any lease transactions
during the nine months and the three months ended June 30, 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:IncomeTaxPolicyTextBlock"><p id="xdx_844_eus-gaap--IncomeTaxPolicyTextBlock_zpKvNxe0qYJc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_860_zbCvIiGz4Jd">Income Taxes</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The provision for income taxes is computed
using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax
consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating
losses and tax credit carry-forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that
apply to taxable income in effect for the years in which those tax assets are expected to be realized or settled. We record a valuation
allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:IncomeTaxUncertaintiesPolicy"><p id="xdx_84B_eus-gaap--IncomeTaxUncertaintiesPolicy_zEIq0D53liXl" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_864_zii5B1ka7FIh">Uncertain Tax Positions</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We evaluate tax positions in a two-step process.
We first determine whether it is more likely than not that a tax position will be sustained upon examination, based on the technical
merits of the position. If a tax position meets the more-likely-than-not recognition threshold it is then measured to determine
the amount of benefit to recognize in the financial statements. The tax position is measured as the largest amount of benefit that
is greater than 50% likely of being realized upon ultimate settlement. We classify gross interest and penalties and unrecognized
tax benefits that are not expected to result in payment or receipt of cash within one year as long-term liabilities in the financial
statements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:RevenueRecognitionPolicyTextBlock"><p id="xdx_841_eus-gaap--RevenueRecognitionPolicyTextBlock_zIMnktoODRx3" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_865_zL75Cwg0Hwlg">Revenue Recognition</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenues are recognized when control of the
promised goods or services are transferred to a customer, in an amount that reflects the consideration that the Company expects
to receive in exchange for those goods or services. The Company applies the following five steps in order to determine the appropriate
amount of revenue to be recognized as it fulfills its obligations under each of its agreements:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Step 1: Identify the contract(s) with customers</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Step 2: Identify the performance obligations
in the contract</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Step 3: Determine the transaction price</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Step 4: Allocate the transaction price to
performance obligations</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Step 5: Recognize revenue when the entity
satisfies a performance obligation</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Service revenues are recognized as the services
are performed in proportion to the transfer of control to the customer and real estate revenues are recognized at the time of sale
when consideration has been exchanged and title has been conveyed to the buyer. At this time, we have not identified specific planned
revenue streams.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the nine months and the three months
ended June 30, 2021, we did <span id="xdx_900_eus-gaap--Revenues_pp0p0_do_c20210401__20210630_zssNmdGIgCKc" title="Revenue"><span id="xdx_902_eus-gaap--Revenues_pp0p0_do_c20201001__20210630_z8dydsNbr21d" title="Revenue"><ix:nonFraction name="us-gaap:Revenues" contextRef="From2021-04-012021-06-30" format="ixt-sec:numwordsen" decimals="0" scale="0" unitRef="USD"><ix:nonFraction name="us-gaap:Revenues" contextRef="From2020-10-01to2021-06-30" format="ixt-sec:numwordsen" decimals="0" scale="0" unitRef="USD">no</ix:nonFraction></ix:nonFraction></span></span>t recognize any revenue.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:AdvertisingCostsPolicyTextBlock"><p id="xdx_843_eus-gaap--AdvertisingCostsPolicyTextBlock_zZ9tRUfxgssc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_861_zegzchAHsAte">Advertising Costs</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">We expense
advertising costs when advertisements occur. <span id="xdx_90F_eus-gaap--AdvertisingExpense_pp0p0_do_c20210401__20210630_znhKp13stAta" title="Advertising costs"><span id="xdx_900_eus-gaap--AdvertisingExpense_pp0p0_do_c20201001__20210630_ztrnTtDvNWN8" title="Advertising costs"><ix:nonFraction name="us-gaap:AdvertisingExpense" contextRef="From2021-04-012021-06-30" format="ixt-sec:numwordsen" decimals="0" scale="0" unitRef="USD"><ix:nonFraction name="us-gaap:AdvertisingExpense" contextRef="From2020-10-01to2021-06-30" format="ixt-sec:numwordsen" decimals="0" scale="0" unitRef="USD">No</ix:nonFraction></ix:nonFraction></span></span> advertising costs were incurred </span>during the nine months and the three months
ended June 30, 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:CompensationRelatedCostsPolicyTextBlock"><p id="xdx_84F_eus-gaap--CompensationRelatedCostsPolicyTextBlock_zqfwe1f8h9s3" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_867_zcmLHREsiEx8">Stock Based Compensation</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">The cost
of equity instruments issued to non-employees in return for goods and services is measured by the grant date fair value of the
equity instruments issued. The cost of employee services received in exchange for equity instruments is based on the grant date
fair value of the equity instruments issued.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<ix:exclude><p id="xdx_233_zeDStOArRy27" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p></ix:exclude>

<ix:exclude><!-- Field: Page; Sequence: 11; Value: 1 -->
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<ix:exclude><p id="xdx_23B_z3v9g7d2q78k" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></ix:exclude>

<ix:exclude><p id="xdx_233_zsGUWZQgKRm5" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>CANNING STREET CORP.</b></p></ix:exclude>

<ix:exclude><p id="xdx_231_zLjeOFmnGgv5" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Notes to the Condensed Financial Statements</p></ix:exclude>

<ix:exclude><p id="xdx_239_zSkfrda8U78f" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Unaudited)</p></ix:exclude>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:EarningsPerSharePolicyTextBlock"><p id="xdx_847_eus-gaap--EarningsPerSharePolicyTextBlock_zYlyqmhMpwjj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_863_zk7z1vi3wx3i">Net Loss per Share Calculation</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">Basic
net loss per common share (&#8220;EPS&#8221;) is computed by dividing loss available to common stockholders by the weighted-average
number of common shares outstanding for the period. Diluted earnings per share is computed by dividing net income by the weighted
average shares outstanding, assuming all dilutive potential common shares were issued. Dilutive loss per share excludes all potential
common shares if their effect is anti-dilutive.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><span id="xdx_900_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_do_c20210401__20210630_zaeB95HUcIL7" title="Antidilutive securities"><span id="xdx_90D_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_do_c20201001__20210630_zaCTsW5kre8a" title="Antidilutive securities"><ix:nonFraction name="us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" contextRef="From2021-04-012021-06-30" format="ixt-sec:numwordsen" decimals="INF" unitRef="Shares"><ix:nonFraction name="us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" contextRef="From2020-10-01to2021-06-30" format="ixt-sec:numwordsen" decimals="INF" unitRef="Shares">No</ix:nonFraction></ix:nonFraction></span></span> potentially
dilutive debt or equity instruments were issued or outstanding during </span>the three (and nine) months ended June 30, 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock"><p id="xdx_840_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_z3fyXPmpG1z7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_86F_zLHpMjaFgQTf">Recently Accounting Pronouncements</span> </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">We have
reviewed all the recently issued, but not yet effective, accounting pronouncements and do not believe any of these pronouncements
will have a material impact on our financial statements</span>.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric></ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:RelatedPartyTransactionsDisclosureTextBlock"><p id="xdx_801_eus-gaap--RelatedPartyTransactionsDisclosureTextBlock_zet1zkDaI3Og" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 4. <span id="xdx_825_zjyBTbXezfGh">RELATED PARTY FEES</span> </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of June 30, 2021, $<span id="xdx_90F_eus-gaap--AccruedBonusesCurrent_c20210630_pp0p0" title="Accrued compensation"><ix:nonFraction name="us-gaap:AccruedBonusesCurrent" contextRef="AsOf2021-06-30" format="ixt:numdotdecimal" decimals="0" scale="0" unitRef="USD">0</ix:nonFraction></span> (September 30
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The former officer, director and shareholder forgave all fees as part of his sale of his ownership interests described in Note
9 below and the forgiveness was included in paid in capital.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:MortgageNotesPayableDisclosureTextBlock"><p id="xdx_80F_eus-gaap--MortgageNotesPayableDisclosureTextBlock_zbj0GRf54Vfk" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 5.&#160;<span id="xdx_821_zujRb0IHNOC2">LOAN PAYABLE &#8211; RELATED
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the nine months ended June 30, 2021
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capital requirements. The loan was unsecured, interest free and due on demand.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of June 30, 2021, the entire balance outstanding
under the loan was forgiven as part of the sale of ownership and control interest described in note 5 and note 9.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A Company controlled by our Chief Executive
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:IncomeTaxDisclosureTextBlock"><p id="xdx_807_eus-gaap--IncomeTaxDisclosureTextBlock_z2HnFJiUceY6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 7.&#160;<span id="xdx_82C_zQLFtkVmGjMg">INCOME TAXES</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 22, 2017, the U.S. government enacted
comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the &#8220;Tax Act&#8221;). The Tax Act makes
broad and complex changes to the U.S. tax code that affect fiscal 2018, including, but not limited to requiring a one-time transition
tax on certain unrepatriated earnings of foreign subsidiaries that is payable over eight years. The Tax Act also establishes new
tax laws that will affect 2018 and later years, including, but not limited to, a reduction of the U.S. federal corporate tax rate
from 34% to <span id="xdx_90C_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_dp_c20201001__20210630_z58vf4K4ScUg" title="U.S. federal corporate tax rate"><ix:nonFraction name="us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" contextRef="From2020-10-01to2021-06-30" format="ixt:numdotdecimal" decimals="INF" scale="-2" unitRef="Pure">21</ix:nonFraction></span>%, a general elimination of U.S. federal income taxes on dividends from foreign subsidiaries, net operating loss
deduction limitations, a base erosion, anti-tax abuse tax and a deduction for foreign-derived intangible income and a new provision
designed to tax global intangible low-taxed income.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We did not provide any current or deferred
US federal income tax provision or benefit during the three months ended June 30, 2021 as we incurred tax losses during the period.
When it is more likely than not, that a tax asset cannot be realized through future income, we must record an allowance against
any future potential future tax benefit. We have provided a full valuation allowance against the net deferred tax asset, consisting
of net operating loss carry forwards, because management has determined that it is more likely than not that we will not earn income
sufficient to realize the deferred tax assets during the carry forward periods.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has not taken a tax position that,
if challenged, would have a material effect on the financial statements for the three months ended June 30, 2021 as defined under
ASC 740, &#8220;Accounting for Income Taxes.&#8221;&#160;We did not recognize any adjustment to the liability for uncertain tax
position and therefore did not record any adjustment to the beginning balance of the accumulated deficit on the balance sheet.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The provision for income taxes differs from
the amount computed by applying the statutory federal income tax rate to income before provision for income taxes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<ix:exclude><p id="xdx_235_ztJVuLpGYq4k" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p></ix:exclude>

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<ix:exclude><p id="xdx_23D_zVGGHkAJaNee" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></ix:exclude>

<ix:exclude><p id="xdx_233_zu89R7aOMB0b" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>CANNING STREET CORP.</b></p></ix:exclude>

<ix:exclude><p id="xdx_23E_zVCyZyK85itd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Notes to the Condensed Financial Statements</p></ix:exclude>

<ix:exclude><p id="xdx_230_zqEfxzWHVDYa" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Unaudited)</p></ix:exclude>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The sources and tax effects of the differences
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<tr style="vertical-align: bottom">
    <td style="text-align: left"><span id="xdx_8BE_zXJbhxVz8Eol" style="display: none">Schedule of effective income tax rate reconciliation</span></td><td>&#160;</td>
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom">
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<tr id="xdx_403_eus-gaap--EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_dp0_zC8c324J1RKc" style="vertical-align: bottom; background-color: White">
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</ix:nonNumeric><p id="xdx_8A3_zLj0Rx1LC9Eg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A reconciliation of the income taxes computed
at the statutory rate is as follows:</p>

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<tr style="vertical-align: bottom; background-color: White">
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    <td style="text-align: left">&#160;</td><td id="xdx_493_20201001__20210630_z1IfrYzdqozl" style="text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td><td style="padding-bottom: 1pt">&#160;</td>
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: White">
    <td>&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
</table>

</ix:nonNumeric><p id="xdx_8A6_zGtzuDYlyQzb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of June 30, 2021, the Company had a federal
net operating loss carryforward of approximately $<span id="xdx_90B_eus-gaap--OperatingLossCarryforwards_c20210630_pp0p0" title="Operating loss carryforward"><ix:nonFraction name="us-gaap:OperatingLossCarryforwards" contextRef="AsOf2021-06-30" format="ixt:numdotdecimal" decimals="0" scale="0" unitRef="USD">42,737</ix:nonFraction></span>. The federal net operating loss carryforward do not expire but may only
be used against taxable income to 80%. In response to the novel coronavirus COVID-19, the Coronavirus Aid, Relief, and Economic
Security Act temporarily repealed the 80% limitation for NOLs arising in 2018, 2019 and 2020. No tax benefit has been reported
in the financial statements. The annual offset of this carryforward loss against any future taxable profits may be limited under
the provisions of Internal Revenue Code Section 381 upon any future change(s) in control of the Company.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s&#160;2020 income tax return
for the period from September 15, 2020 (Inception) to September 30, 2020 is&#160;currently open to audit by federal and state jurisdictions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:CommitmentsAndContingenciesDisclosureTextBlock"><p id="xdx_808_eus-gaap--CommitmentsAndContingenciesDisclosureTextBlock_zBic22uZ46Ng" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>NOTE 8. <span id="xdx_82D_zC0T6DuPQDUc">COMMITMENTS &amp; CONTINGENCIES</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Legal Proceedings</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We were not subject to any legal proceedings
during the three months ended June 30, 2021 and, to the best of our knowledge, no legal proceedings are pending or threatened.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><b>Contractual
Obligations</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We are not party to any contractual obligations
at this time.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:StockholdersEquityNoteDisclosureTextBlock"><p id="xdx_80C_eus-gaap--StockholdersEquityNoteDisclosureTextBlock_zlGFz2qT77uh" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 9. <span id="xdx_82B_z6s1D3QJTs85">SHAREHOLDERS&#8217; DEFICIT</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Preferred Stock</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of June 30, 2021, we were authorized to
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_900_eus-gaap--PreferredStockSharesIssued_iI_do_c20210630_zwmrEGZggo1l" title="Preferred stock, shares issued"><span id="xdx_900_eus-gaap--PreferredStockSharesOutstanding_iI_do_c20210630_zFqQzFpmXtX7" title="Preferred stock, shares outstanding"><ix:nonFraction name="us-gaap:PreferredStockSharesIssued" contextRef="AsOf2021-06-30" format="ixt-sec:numwordsen" decimals="INF" unitRef="Shares"><ix:nonFraction name="us-gaap:PreferredStockSharesOutstanding" contextRef="AsOf2021-06-30" format="ixt-sec:numwordsen" decimals="INF" unitRef="Shares">No</ix:nonFraction></ix:nonFraction></span></span> shares of preferred stock were issued and
outstanding during the three months ended June 30, 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">No series of preferred stock or rights for
preferred stock had been designated at June 30, 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Common Stock</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of June 30, 2021, we were authorized to
issue <span id="xdx_904_eus-gaap--CommonStockSharesAuthorized_iI_c20210630_zz4DWsZ7jbf7" title="Common stock, shares authorized"><ix:nonFraction name="us-gaap:CommonStockSharesAuthorized" contextRef="AsOf2021-06-30" format="ixt:numdotdecimal" decimals="INF" unitRef="Shares">1,990,000,000</ix:nonFraction></span> shares of common stock with a par value of $<span id="xdx_90A_eus-gaap--CommonStockParOrStatedValuePerShare_iI_c20210630_zKwTehJQmCQf" title="Common stock, par value"><ix:nonFraction name="us-gaap:CommonStockParOrStatedValuePerShare" contextRef="AsOf2021-06-30" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">0.0001</ix:nonFraction></span>.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<ix:exclude><p id="xdx_230_ze3szWMGuCgc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p></ix:exclude>

<ix:exclude><!-- Field: Page; Sequence: 13; Value: 1 -->
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<ix:exclude><p id="xdx_23C_ztef0DO8xMQj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></ix:exclude>

<ix:exclude><p id="xdx_237_zshFXt301uhf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>CANNING STREET CORP.</b></p></ix:exclude>

<ix:exclude><p id="xdx_238_z4JevNi72RL" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;Notes to the Condensed Financial Statements</p></ix:exclude>

<ix:exclude><p id="xdx_23A_zIL9EExJjh05" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Unaudited)</p></ix:exclude>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of September 15, 2020, the effective date
of the reverse recapitalization, <span id="xdx_908_eus-gaap--CommonStockSharesIssued_c20200915__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_pdd" title="Common stock, shares issued"><span id="xdx_90F_eus-gaap--CommonStockSharesOutstanding_c20200915__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_pdd" title="Common stock, shares outstanding"><ix:nonFraction name="us-gaap:CommonStockSharesIssued" contextRef="AsOf2020-09-15_us-gaap_CommonStockMember" format="ixt:numdotdecimal" decimals="INF" unitRef="Shares"><ix:nonFraction name="us-gaap:CommonStockSharesOutstanding" contextRef="AsOf2020-09-15_us-gaap_CommonStockMember" format="ixt:numdotdecimal" decimals="INF" unitRef="Shares">619,085</ix:nonFraction></ix:nonFraction></span></span> shares of common stock were issued and outstanding in our predecessor company with a total
par value of $<span id="xdx_90C_eus-gaap--CommonStockParOrStatedValuePerShare_c20200915__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_pdd" title="Common stock, par value"><ix:nonFraction name="us-gaap:CommonStockParOrStatedValuePerShare" contextRef="AsOf2020-09-15_us-gaap_CommonStockMember" format="ixt:numdotdecimal" decimals="INF" unitRef="USDPShares">62</ix:nonFraction></span> and negative balance of additional paid in capital totaling $(<span id="xdx_908_eus-gaap--AdditionalPaidInCapital_iNI_pp0p0_di_c20200930_zTDnvS8OWkqb" title="Additional Paid in Capital"><ix:nonFraction name="us-gaap:AdditionalPaidInCapital" contextRef="AsOf2020-09-30" format="ixt:numdotdecimal" decimals="0" scale="0" sign="-" unitRef="USD">15,550</ix:nonFraction></span>).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">As of September 30, 2020,<span id="xdx_905_eus-gaap--CommonStockSharesIssued_c20200930_pdd" title="Common stock, shares issued"> <span id="xdx_90D_eus-gaap--CommonStockSharesOutstanding_c20200930_pdd" title="Common stock, shares outstanding"><ix:nonFraction name="us-gaap:CommonStockSharesIssued" contextRef="AsOf2020-09-30" format="ixt:numdotdecimal" decimals="INF" unitRef="Shares"><ix:nonFraction name="us-gaap:CommonStockSharesOutstanding" contextRef="AsOf2020-09-30" format="ixt:numdotdecimal" decimals="INF" unitRef="Shares">619,085</ix:nonFraction></ix:nonFraction></span></span> shares of common stock were issued
and outstanding.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">No shares of common stock were issued during the three months ended
June 30, 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_90B_eus-gaap--StockholdersEquityReverseStockSplit_c20201001__20210630_zBt4FNT2ic56" title="Reverse stock split"><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" name="us-gaap:StockholdersEquityReverseStockSplit">Effective December 29, 2020 we completed a
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restated to reflect the impact of the reverse split.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">As of June 30, 2021, <span id="xdx_907_eus-gaap--CommonStockSharesIssued_c20210630_pdd" title="Common stock, shares issued"><span id="xdx_90F_eus-gaap--CommonStockSharesOutstanding_c20210630_pdd" title="Common stock, shares outstanding"><ix:nonFraction name="us-gaap:CommonStockSharesIssued" contextRef="AsOf2021-06-30" format="ixt:numdotdecimal" decimals="INF" unitRef="Shares"><ix:nonFraction name="us-gaap:CommonStockSharesOutstanding" contextRef="AsOf2021-06-30" format="ixt:numdotdecimal" decimals="INF" unitRef="Shares">619,085</ix:nonFraction></ix:nonFraction></span></span> shares of common stock were issued
and outstanding.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Changes in Control of Registrant.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective March 31, 2021, certain accredited
investors (collectively &#8220;the Purchasers&#8221;), purchased a total of 371,246 shares our common stock representing 59.97%
of our issued and outstanding shares, in a private transaction with David Cutler.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of the closing of the transaction
on March 31, 2020, the Purchasers acquired a majority of the issued shares eligible to vote.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The total purchase price of $400,000 was paid
in cash by the Purchaser at Closing.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 31, 2021, David Cutler and Redgie
Green resigned as executive officers of the Company subject to the Company filings its Form 10Q Quarterly Report for the quarter
ended March 31, 2021. Further, Mr. Green resigned as a director of the Company effective March 31, 2021 and Mr. Cutler resigned
as a director effective&#160;ten days after mailing of&#160;Notice to shareholders in&#160;compliance with the requirements of
Section 14(f) of the Securities Exchange Act of 1934. The resignation of Mr. Cutler and Mr. Green was not the result of any disagreement
with the Company on any matter relating to the Company&#8217;s operations, policies, practices, or otherwise. The Board approved
and accepted the resignations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 31, 2021, John Shepard was appointed
to serve as Chairman of the Board of Directors and, subject to the effective date of the resignation of Mr. Cutler and Mr. Green,
as the Company&#8217;s Chief Executive Officer, Chief Financial Officer and Secretary.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Mr. John Shepard started his career in office
equipment and software sales for Panasonic and Minolta in 1996. In 2004, John Shepard received his real estate license and began
his career and business to business relationships with landowners and developers. Mr. Shepard has contracted more than $250 million.
In 2009, Mr. Shepard worked for a startup medical device company Rapid Pathogen Screening. At RPS, a point of care medical device
manufacturer John Shepard was the Director of Sales and transitioned into the Director of Government Sales. Mr. Shepard graduated
with a B.S. in Business with a concentration in finance from Eckerd College in 2004.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Warrants</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_909_ecustom--WarrantsIssued_do_c20210401__20210630_zSpI0Z6dDtib" title="Warrants issued"><span id="xdx_90D_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_do_c20210630_zjrx7Ibhiro9" title="Warrants outstanding"><ix:nonFraction name="cstc:WarrantsIssued" contextRef="From2021-04-012021-06-30" format="ixt-sec:numwordsen" decimals="INF" unitRef="Shares"><ix:nonFraction name="us-gaap:ClassOfWarrantOrRightOutstanding" contextRef="AsOf2021-06-30" format="ixt-sec:numwordsen" decimals="INF" unitRef="Shares">No</ix:nonFraction></ix:nonFraction></span></span> warrants were issued or outstanding during
the three months ended June 30, 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Stock Options</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">We currently have no stock option plan.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_iI_do_c20210630_z7wVFssyrBo5" title="Stock options issued"><span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iI_do_c20210630_zqj1RsbE7Isi" title="Stock options outstanding"><ix:nonFraction name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" contextRef="AsOf2021-06-30" format="ixt-sec:numwordsen" decimals="INF" unitRef="Shares"><ix:nonFraction name="us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" contextRef="AsOf2021-06-30" format="ixt-sec:numwordsen" decimals="INF" unitRef="Shares">No</ix:nonFraction></ix:nonFraction></span></span> stock options were issued or outstanding
during the three months ended June 30, 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><ix:nonNumeric contextRef="From2020-10-01to2021-06-30" escape="true" name="us-gaap:SubsequentEventsTextBlock"><p id="xdx_802_eus-gaap--SubsequentEventsTextBlock_zT00qvXEYlb5" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 10. <span id="xdx_826_zUyIacOVqGFb">SUBSEQUENT EVENTS</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company evaluated subsequent events after
June 30, 2021, in accordance with FASB ASC 855 Subsequent Events, through the date of the issuance of these financial statements
and has determined there have been no subsequent events for which disclosure is required.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

</ix:nonNumeric><p id="xdx_810_zW5pahekvHj1" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><b><span id="a_008"></span>ITEM 2. MANAGEMENT&#8217;S
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>The following discussion should be read
in conjunction with our unaudited financial statements and notes thereto included herein. In connection with, and because we desire
to take advantage of, the &#8220;safe harbor&#8221; provisions of the Private Securities Litigation Reform Act of 1995, we caution
readers regarding certain forward looking statements in the following discussion and elsewhere in this report and in any other
statement made by, or on our behalf, whether or not in future filings with the Securities and Exchange Commission. Forward-looking
statements are statements not based on historical information and which relate to future operations, strategies, financial results,
or other developments. Forward looking statements are necessarily based upon estimates and assumptions that are inherently subject
to significant business, economic and competitive uncertainties, and contingencies, many of which are beyond our control and many
of which, with respect to future business decisions, are subject to change. These uncertainties and contingencies can affect actual
results and could cause actual results to differ materially from those expressed in any forward looking statements made by, or
on our behalf. We disclaim any obligation to update forward-looking statements.</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>The independent registered public accounting
firm&#8217;s report on the Company&#8217;s consolidated financial statements as of September 30, 2020 includes a &#8220;going concern&#8221;
explanatory paragraph, that describes substantial doubt about the Company&#8217;s ability to continue as a going concern. </i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration: underline">PLAN OF OPERATIONS</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">The Company&#8217;s
plan of operation is to obtain debt or equity finance to meet our ongoing operating expenses and attempt to merge with another
entity with experienced management and opportunities for growth in return for shares of our common stock to create value for our
shareholders.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company will need substantial additional
capital to support its budget. The Company has had no revenues. The Company has no committed source for any funds as of date hereof.
In the event funds cannot be raised when needed, the Company may not be able to carry out its business plan, may never achieve
sales or royalty income, and could fail in business as a result of these uncertainties.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company may borrow money to finance its
future operations, although it does not currently contemplate doing so. Any such borrowing will increase the risk of loss to the
investor in the event the Company is unsuccessful in repaying such loans.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">RESULTS OF OPERATIONS</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>For the Three Months Ended June 30, 2021</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Revenue</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">We recognized
no revenue during the three months ended June 30, 2021, as we had no revenue generating activities during this period.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">G</span><b><i>eneral
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">During
the three months ended June 30, 2021, we incurred general and administrative expenses of $7</span>,221 comprising of public entity
costs of $4,221 and professional fees of $3,000.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Operating Loss</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">During
the three months ended June 30, 2021, we incurred an operating loss of $7</span>,221 <span style="background-color: white">due
to the factors discussed above.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Interest and Other Income (Expenses)
Net</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">During
the three months ended June 30, 2021, we recognized no interest and other income (expenses), net in the period.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Loss before Income Tax</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">During
the three months ended June 30, 2021, we incurred a loss before income taxes of $7</span>,221 <span style="background-color: white">due
to the factors discussed above.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Provision for Income Tax</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">No provision
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Net Loss</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">During
the three months ended June 30, 2021, we incurred a net loss of $7</span>,221 <span style="background-color: white">due to the
factors discussed above.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>For the Nine months Ended June 30, 2021</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Revenue</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">We recognized
no revenue during the nine months ended June 30, 2021, as we had no revenue generating activities during this period.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">G</span><b><i>eneral
and Administrative Expenses</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">During
the nine months ended June 30, 2021, we incurred general and administrative expenses of $51</span>,596 comprising officer compensation
of $35,000, public entity cost of $4,221 and professional fees of $12,375.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Operating Loss</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">During
the nine months ended June 30, 2021, we incurred an operating loss of $51</span>,596 <span style="background-color: white">due
to the factors discussed above.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Interest and Other Income (Expenses)
Net</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">During
the nine months ended June 30, 2021, we recognized no interest and other income (expenses), net in the period.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Loss before Income Tax</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">During
the nine months ended June 30, 2021, we incurred a loss before income taxes of $51</span>,596 <span style="background-color: white">due
to the factors discussed above.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Provision for Income Tax</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">No provision
for income taxes was recorded during the nine months ended June 30, 2021 as we incurred a taxable loss in the period.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Net Loss</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">During
the nine months ended June 30, 2021, we incurred a net loss of $51</span>,596 <span style="background-color: white">due to the
factors discussed above.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span style="text-decoration: underline">LIQUIDITY</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">At June 30, 2021, we had total current assets
of $18,500. At June 30, 2021, we had total liabilities of $25,721.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Consequently, we are now dependent on raising
additional equity and/or debt to meet our ongoing operating expenses. There is no assurance that we will be able to raise the necessary
equity and/or debt that we will need to fund our ongoing operating expenses.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">It is our current intention to seek to raise
debt and, or equity financing to meet ongoing operating expenses and attempt to merge with another entity with experienced management
and opportunities for growth in return for shares of our common stock to create value for our shareholders. There is no assurance
that this series of events will be satisfactorily completed.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Future losses are likely to occur as, until
we are able to merge with another entity with experienced management and opportunities for growth in return for shares of our common
stock to create value for our shareholders, we have no sources of income to meet our operating expenses.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of these, among other factors,
we received from our registered independent public accountants in their report for the financial statements for the period September
15, 2020 (Inception) to September 30, 2020, an explanatory paragraph stating that there is substantial doubt about our ability
to continue as a going concern.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">Our primary sources and uses of cash for
the nine months ended June 30, 2021 and 2020 were as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
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<tr style="vertical-align: bottom; background-color: White">
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    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#8212;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
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    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td></tr>
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</table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Operating Activities</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><span style="background-color: white">During the nine months ended June
30, 2021</span>, we incurred a net loss of $51,596 which after adjustments for an increase in $3,000 in accounts payable and related party
accruals of $4,221, offset by a donation of $44,375 of current year expenses paid by former controlling shareholders resulted in net cash
of $0 being used in operations.&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Investing Activities</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><span style="background-color: white">During
the nine months ended June 30, 2021, we had no investing activities</span>.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Financing Activities</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">During the nine months ended June
30, 2021</span>, we received $18,500 by way of advances from a corporation controlled by our chief executive officer resulting in net
cash flow from financing activities of $18,500.The noncash donation of expenses paid by our prior controlling shareholders also included
$6,629 of expenses forgiven.&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We are dependent upon the receipt of capital
investment or other financing to fund our ongoing operations and to execute our business plan to merge with another entity with
experienced management and opportunities for growth in return for shares of our common stock to create value for our shareholders&#8217;.
In addition, we are dependent upon our controlling shareholder to provide continued funding and capital resources. If continued
funding and capital resources are unavailable at reasonable terms, we may not be able to implement our plan of operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><b>CRITICAL
ACCOUNTING POLICIES</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All companies are required to include a discussion
of critical accounting policies and estimates used in the preparation of their financial statements. On an on-going basis, we evaluate
our critical accounting policies and estimates. We base our estimates on historical experience and on various other assumptions
that we believe to be reasonable under the circumstances, the results of which form our basis for making judgments about the carrying
values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates
under different assumptions or conditions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our significant accounting policies are described
in Note 3 of our Financial Statements on page 7. These policies were selected because they represent the more significant accounting
policies and methods that are broadly applied in the preparation of our financial statement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Inflation</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the opinion of management, inflation has
not and will not have a material effect on our operations in the immediate future.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Management will continue to monitor inflation
and evaluate the possible future effects of inflation on our business and operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Off-Balance Sheet Arrangements</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Per SEC regulations, we are required to disclose
our off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition,
such as changes in financial condition, revenues, expenses, results of operations, liquidity, capital expenditures, or capital
resources that are material to investors. As of June 30, 2021 and September 30, 2020, we have no off-balance sheet arrangements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Recently Issued Accounting Pronouncements</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">We have
reviewed all the recently issued, but not yet effective, accounting pronouncements and do not believe any of these pronouncements
will have a material impact on our financial statements</span>.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><span id="a_009"></span>ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As a &#8220;smaller reporting company&#8221;
as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><span id="a_010"></span>ITEM 4. CONTROLS AND PROCEDURES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><i>Evaluation of Disclosure Controls and Procedures</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Management is responsible for establishing
and maintaining adequate disclosure controls and procedures that are designed to ensure that information required to be disclosed
by the Company in its Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in
the SEC&#8217;s rules and forms, and that such information is accumulated and communicated to our management, including our principal
executive officer and principal financial officer, as appropriate, to allow for timely and reliable financial reporting and the
preparation of financial statements in accordance with accounting principles generally accepted in the United States of America.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0">As of the quarter
ended June 30, 2021, our principal executive officer and principal financial officer completed an assessment of the effectiveness
of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e), to determine the existence of material
weaknesses or significant deficiencies under the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;).
A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that
there is a reasonable possibility that a material misstatement of the company&#8217;s annual or interim financial statements will
not be prevented or detected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in
internal control over financial reporting that is less severe than a material weakness, yet important enough to merit attention
by those responsible for oversight of the registrant&#8217;s financial reporting.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Based on our evaluation, we concluded that
because of the material weaknesses in our internal control over financial reporting, our disclosure controls and procedures were
not effective as of June 30, 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We did not maintain effective controls over
certain aspects of the financial reporting process because: (i) we lack a sufficient complement of personnel with a level of accounting
expertise and an adequate supervisory review structure that is commensurate with our financial reporting requirements, (ii) there
is inadequate segregation of duties due to the limitation on the number of our accounting personnel, and (iii) we have insufficient
controls and processes in place to adequately verify the accuracy and completeness of spreadsheets that we use for a variety of
purposes for our financial reporting.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We intend to take appropriate and reasonable
steps to make the necessary improvements to remediate these deficiencies. However, due to our size and our financial resources,
remediating the several identified weaknesses has not been possible and may not be economically feasible now or in the future.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><br />
Changes in Internal Control Over Financial Reporting</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">There was no change in our internal control
over financial reporting that occurred during the fiscal quarter ended June 30, 2021, that has materially affected, or is reasonably
likely to materially affect, our internal control over financial reporting.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b><span id="a_011"></span>PART II. OTHER INFORMATION</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><span id="a_012"></span>ITEM 1. LEGAL PROCEEDINGS </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">From time to time in the future, we may become involved in litigation
or other legal proceedings that arise in the ordinary course of business. We are not currently party to any legal proceedings,
and we are not aware of any pending or threatened litigation against us that we believe could have a material adverse effect on
our business, operating results or financial condition. In the event we are subject to a legal proceeding, it could have a material
adverse impact on us because of litigation costs and diversion of management resources.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><span id="a_013"></span>ITEM 1A. RISK FACTORS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">As a Smaller Reporting Company, we are exempted from the requirements
of Item 1A.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><span id="a_014"></span>ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company did not make any unregistered sales
of its securities from January 1, 2021 through June 30, 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="a_015"></span>ITEM 3. DEFAULTS UPON SENIOR SECURITIES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">None.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><span id="a_016"></span>ITEM 4. MINE SAFETY DISCLOSURES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Not Applicable.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><span id="a_017"></span>ITEM 5. OTHER INFORMATION </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="text-decoration: none">None.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="a_018"></span>ITEM 6. EXHIBITS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Exhibits.</b> The following is a complete list of exhibits filed
as part of this Form 10-Q. Exhibit numbers correspond to the numbers in the Exhibit Table of Item 601 of Regulation S-K.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<tr style="vertical-align: top">
    <td><span style="font-size: 10pt">31.1</span></td>
    <td>&#160;</td>
    <td><span style="font-size: 10pt"><a href="e3057_ex31-1.htm">Certification of Chief Executive Officer and Principal Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley Act</a> </span></td></tr>
<tr style="vertical-align: top">
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    <td>&#160;</td>
    <td><span style="font-size: 10pt"><a href="e3057_ex32-1.htm">Certification of Principal Executive Officer and Principal Accounting Officer pursuant to Section 906 of the Sarbanes-Oxley Act</a> </span></td></tr>
<tr style="vertical-align: top">
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    <td>&#160;</td>
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    <td><span style="font-size: 10pt">XBRL Taxonomy Extension Definition Linkbase Document (1)</span></td></tr>
<tr style="vertical-align: top">
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    <td><span style="font-size: 10pt">XBRL Taxonomy Extension Label Linkbase Document (1)</span></td></tr>
<tr style="vertical-align: top">
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    <td><span style="font-size: 10pt">XBRL Taxonomy Extension Presentation Linkbase Document (1)</span></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="text-align: justify"><span style="font-size: 10pt">(1) Pursuant to Rule 406T of Regulation S-T, this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.</span></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b><span id="a_019"></span>SIGNATURES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to the requirements of Section 12
of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>CANNING STREET CORP.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>(Registrant)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 50%"><span style="font-size: 10pt">Dated: September 2, 2021</span></td>
    <td style="width: 5%"><span style="font-size: 10pt">By:</span></td>
    <td style="border-bottom: black 1pt solid; width: 45%"><span style="font-size: 10pt">/s/ John G. Shepard</span></td></tr>
<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td><span style="font-size: 10pt">John G. Shepard</span></td></tr>
<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td><span style="font-size: 10pt">(Chief Executive Officer and Principal Executive Officer and Principal Accounting
    Officer)</span></td></tr>
<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="border-bottom: black 1pt solid">&#160;</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">19</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p>

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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
10-Q
☒
QUARTERLY
    REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For
the quarterly period ended
June 30, 2021
☐
TRANSITION
    REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
For
the transition period from __________ to ___________
Commission
file number:
000-56235
CANNING STREET CORPORATION
(Exact
name of registrant as specified in its charter)
delaware
85-3816149
(STATE OR OTHER JURISDICTION
(I.R.S. EMPLOYER
OF INCORPORATION OR ORGANIZATION)
IDENTIFICATION NUMBER)
8374 MARKET STREET
,
#284
LAKEWOOD RANCH
,
florida
34202
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(ZIP CODE)
941
.
270.8885
(Registrant's
Telephone number)
(Former
Address and phone of principal executive offices)
Securities
registered pursuant to Section 12(b) of the Act: None
Title
    of each Class
Trading
    Symbol
Name
    of each exchange on which registered
N/A
N/A
N/A
Indicate
by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and
(2) has been subject to the filing requirements for the past 90 days.
Yes
☒
No
☐
Indicate
by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant
to Rule 405 for Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that
the registrant was required to submit such files).
Yes
☒
No
☐
Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer,"
"smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large
    accelerated filer
☐
Accelerated
    filer
☐
Non-accelerated filer
☒
Smaller reporting company
☒
Emerging growth company
☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided to Section 13(a) of the Exchange Act.
☐
Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes
☒
No
☐
Indicate
the number of share outstanding
of each of the issuer's classes of common stock, as of the latest practicable date.
As of August 5, 2021, there were
619,085
shares
of the registrant's common stock issued and outstanding.
Table of Contents
PART I - FINANCIAL INFORMATION
Page
Item 1.
Financial Statements
2
Condensed Balance Sheets (Unaudited) as of June 30, 2021 and September 30, 2020 (Audited)
2
Condensed Statements of Operations (Unaudited) for the Nine months and Three Months Ended June 30, 2021 and 2020
3
Condensed Statements of Stockholders' Deficit (Unaudited) for the Nine months Ended June 30, 2020
4
Condensed Statements of Cash Flows (Unaudited) for the Nine months Ended June 30, 2020
5
Notes to Condensed Financial Statements (Unaudited)
6
Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
13
Item 3.
Quantitative and Qualitative Disclosures About Market Risk
17
Item 4.
Controls and Procedures
17
PART II - OTHER INFORMATION
Item 1.
Legal Proceedings
18
Item 1A.
Risk Factors
18
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
18
Item 3.
Defaults Upon Senior Securities
18
Item 4.
Mine Safety Disclosures
18
Item 5.
Other Information
18
Item 6.
Exhibits
18
SIGNATURES
19
1
PART I
ITEM 1. FINANCIAL STATEMENTS
CANNING STREET CORPORATION
CONDENSED BALANCE SHEETS
JUNE 30,
SEPTEMBER 30,
2021
2020
(unaudited)
ASSETS
Current Assets
Cash and Cash Equivalents
$
18,500
$
—
Total Current Assets
18,500
—
Total Assets
$
18,500
$
—
LIABILITIES AND SHAREHOLDERS' DEFICIT
Current Liabilities
Accounts Payable
$
3,000
$
2,965
Accruals – Related Party
0
2,500
Loan Payable – Related Party
22,721
1,164
Total Current Liabilities
25,721
6,629
Total Liabilities
25,721
6,629
Commitments and Contingencies (Note 8)
—
—
Shareholders' Deficit
Preferred Stock, $
0.0001
par value,
10,000,000
shares authorized,
0
issued or outstanding
—
—
Common Stock, $
0.0001
par value,
1,990,000,000
shares authorized,
619,085
* issued and outstanding
62
62
*
Additional Paid in Capital
35,454
(
15,550
)*
Retained (Deficit) Earnings
(
42,737
)
8,859
Total Shareholders' Deficit
(
7,221
)
(
6,629
)
Total Liabilities and Shareholders' Deficit
$
18,500
$
—
*
As retrospectively restated for a 2,000: 1 reverse stock split effective December 29, 2020
The accompanying notes are an integral part
of these condensed financial statements
2
CANNING STREET CORPORATION
CONDENSED STATEMENTS OF OPERATIONS
(
UNAUDITED
)
FOR THE THREE MONTHS ENDED JUNE 30, 2021
FOR THE THREE MONTHS ENDED JUNE 30, 2020
FOR THE NINE MONTHS ENDED JUNE 30, 2021
FOR THE NINE MONTHS ENDED JUNE 30, 2020
REVENUE
$
—
$
—
$
—
$
—
EXPENSES
General and administrative expenses
7,221
0
51,596
0
Total Expenses
7,221
0
51,596
0
OPERATING LOSS
(
7,221
)
0
(
51,596
)
0
OTHER INCOME (EXPENSE)
—
—
—
—
Total Other Income (Expense)
—
—
—
—
INCOME (LOSS) BEFORE TAXES
(
7,221
)
0
(
51,596
)
0
TAXES
—
—
—
—
NET INCOME (LOSS)
$
(
7,221
)
$
0
$
(
51,596
)
$
0
Net Income (Loss) per Common Share: Basic and Diluted
$
(
0.01
)
$
0
$
(
0.08
)
$
0
Weighted Average Common Shares Outstanding: Basic and Diluted
619,085
*
619,085
*
619,085
*
619,085
*
*
As retrospectively restated for a 2,000; 1 reverse stock split effective December 29, 2020
The accompanying notes are an integral part
of these condensed financial statements
3
CANNING STREET CORPORATION
CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS'
DEFICIT
(UNAUDITED)
Common Shares
Shares
Amount
Additional Paid-In Capital
Retained (Deficit) Earnings
Total
Balance at September 30, 2019
—
$
—
$
—
$
—
$
—
Net profit (loss) for the period
—
—
—
—
—
Balance at June 30, 2020
—
$
—
$
—
$
—
$
—
Balance at September 30, 2020
619,085
*
$
62
*
$
(
15,550
)*
$
8,859
$
(
6,629
)
Donated Capital
—
—
51,004
—
51,004
Net loss for the period
—
—
—
(
51,596
)
(
51,596
)
Balance at June 30, 2021
619,085
$
62
$
35,454
(
42,737
)
$
(
7,221
)
* As retrospectively restated for a 2,000: 1 reverse stock split
effective December 29, 2020
The accompanying notes are an integral part
of these condensed financial statements
4
CANNING STREET CORPORATION
CONDENSED STATEMENTS OF CASH FLOW
(UNAUDITED)
FOR THE NINE MONTHS ENDED JUNE 30, 2021
FOR THE NINE MONTHS ENDED JUNE 30, 2020
Cash Flow from Operating Activities:
Net Loss
$
(
51,596
)
$
—
Adjustments to reconcile net loss to net cash used in operating activities
—
—
Changes in working capital items:
Accounts payable
3000
—
Accruals paid by prior Controlling Shareholders
44,375
Accruals – related party
4,221
—
Net Cash Used in Operating Activities
—
—
Net Cash Flow from Investing Activities
—
—
Net Cash Flow from Financing Activities
Cash Advanced by Related Party (net of $1,500 Repaid)
18,500
—
Net Cash Provided by Financing Activities
18,500
—
Net Change in Cash:
18,500
—
Beginning Cash:
$
—
$
—
Ending Cash:
$
18,500
$
—
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest
$
—
$
—
Cash paid for tax
$
—
$
—
Noncash Investing and Financing Activities:
Donation of $51,004 of related party accruals by
shareholders in change of control transaction which includes $44,375
                                                      of current year and $6,629 of prior year liabilities owed to former controlling shareholders
$
51,004
$
—
NOTE: THE CUMULATIVE AMOUNTS OF CASH
FLOWS FROM THE COMPANY'S INCEPTION TO
DATE ARE AS FOLLOWS:
—
—
Net Cash Used in Operating Activities
$
—
—
Net Cash Used in Investing Activities
$
—
—
Net Cash Provided by Financing Activities
$
18,500
—
The accompanying notes are an integral part
of these condensed financial statements
5
CANNING STREET CORP.
Notes to the Condensed Financial Statements
(Unaudited)
NOTE 1.
NATURE OF OPERATIONS
Nature of Business
Canning Street
Corporation.,
a Delaware corporation, ("Canning Street", "the Company", "We", "Us" or "Our')
is a publicly quoted shell company seeking to merge with an entity with experienced management and opportunities for growth in
return for shares of our common stock to create value for our shareholders. The Company is presently evaluating various opportunities
in the biotech industry. Although the Company has not entered into any agreements with potential merger candidates it is evaluating
several opportunities for acquisition although there is no guarantee that the Company will be able to successfully close such transactions.
History
Canning Street was incorporated in Delaware
on September 15, 2020.
Effective September
30, 2020, following a corporate reorganization as described below ('the Holding Company Reorganization" or 'the
reverse recapitalization"), Canning Street became the reorganized successor to Alexandria Advantage Warranty Company, a publicly
quoted holding company that ceased trading in 2016.
Reorganization into a Holding Company Structure
for Canning Street Corporation, reorganization successor to Alexandria Advantage Warranty Company.
Effective September 29, 2020, Alexandria Advantage
Warranty Company ("Alexandria Advantage Colorado'), a Colorado corporation, redomiciled to Delaware by merging with
its wholly owned subsidiary, Alexandria Advantage Warranty Company ("Alexandria Advantage Delaware"), a Delaware corporation.
Alexandria Advantage Colorado ceased to exist
as an independent legal entity following its merger with Alexandria Advantage Delaware.
Pursuant to the Delaware Holding Company formation
statute, DGCL Section 251(g), Alexandria Advantage Delaware entered into an Agreement and Plan of Merger and Reorganization into
a Holding Company with Canning Street Corporation ("Canning Street") and AAWC Corporation ("AAWC"), both
wholly-owned subsidiaries of Alexandria Advantage Delaware, effective September 30, 2020.
The Agreement and Plan of Merger and Reorganization
into a Holding Company provided for the merger of Alexandria Advantage Delaware with, and into AAWC, with AAWC being the surviving
corporation in the merger, as a subsidiary to Canning Street. Alexandria Advantage Delaware ceased to exist as an independent legal
entity following its merger with AAWC. The shareholders of Alexandria Advantage Delaware were converted, by the holding company
reorganization, under the Agreement, to shareholders of Canning Street on a one for one basis pursuant to the Agreement and the
Delaware Statute Sec. 251(g).
AAWC, the surviving company of the merger with
Alexandria Advantage Delaware, became a wholly-owned subsidiary of Canning Street, the holding company. Canning Street became the
parent holding company resulting under the Agreement, pursuant to Delaware General Corporation Law section 251(g), with its wholly
owned subsidiary company, AAWC, the surviving company of the merger with Alexandria Advantage Delaware.
As a result of the Holding Company Reorganization,
shareholders in publicly quoted Alexandria Advantage Delaware, formerly the shareholders of Alexandria Advantage Colorado as of
the date of the reorganization, became shareholders in the publicly quoted Canning Street.
6
CANNING STREET CORP.
Notes to the Condensed Financial Statements
(Unaudited)
AAWC, being the direct successor by the merger
with Alexandria Advantage Delaware, became a subsidiary company of Canning Street. The Holding Company Reorganization has been
accounted for so as to reflect the fact that both AAWC and Canning Street were under common control at the date of the Holding
Company Reorganization, similar to a reverse acquisition of AAWC by Canning Street
Disposal of AAWC Corporation.
Effective September 30, 2020, Canning Street
disposed of
100
% of the issued share capital of its sole subsidiary company, AAWC Corporation., to an unrelated third party for
a $
1,000
payment made to the purchaser to assume ownership of the subsidiary company with outstanding liabilities.
Reverse Stock Split
Effective December 29, 2020 we completed a
2,000:1 reverse stock split
. All numbers of our common shares disclosed as issued and outstanding in this Form 10Q have been retrospectively
restated to reflect the impact of the reverse split.
Change in Trading Symbol
Effective December 29, 2020, our trading symbol
changed from AAWC to CSTC.
Impact of the COVID-19 Pandemic
We have not commenced
operations as yet and consequently have not been directly impacted by the COVID-19 outbreak at this time. However, the detrimental
effect of the COVID-19 outbreak on the economy as a whole may have a detrimental impact on our ability to raise funding and identify
an entity to merge with for the foreseeable future. We are unable to predict with any certainty the ultimate impact COVID-19 outbreak
on our plans at this time.
NOTE 2.
GOING CONCERN
Our financial statements are prepared using
accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the
realization of assets and the liquidation of liabilities in the normal course of business. We have no ongoing business or income,
incurred a loss of $
51,596
in the nine months ended June 30, 2021 and had a retained deficit of $
42,737
as of June 30, 2021. These conditions raise substantial doubt about our ability to continue as a going concern. The financial
statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets
or the amounts and classification of liabilities that may result from the outcome of these uncertainties. Our ability to continue as
a going concern is dependent upon our ability to raise additional debt or equity funding to meet our ongoing operating expenses and
ultimately in merging with another entity with experienced management and profitable operations. No assurances can be given that we
will be successful in achieving these objectives.
NOTE 3.
SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES
Basis of Presentation
The summary of significant accounting policies
is presented to assist in the understanding of the financial statements. These policies conform to accounting principles generally
accepted in the United States of America and have been consistently applied. We have selected September 30 as our financial year
end. We have not earned any revenue to date.
Use of Estimates
The preparation
of financial statements in conformity with generally accepted accounting principles ("GAAP") requires management to
make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.
7
CANNING STREET CORP.
Notes to the Condensed Financial Statements
(Unaudited)
Cash and Cash Equivalents
We
maintain cash balances in a non-interest-bearing account that currently does not exceed federally insured limits. For the purpose of
the statements of cash flows, all highly liquid investments with a maturity of three months or less are considered to be cash
equivalents. As of June 30, 2021
our cash balance was $
18,500
and September 30, 2020,
our cash balance was $
0
.
Fair Value Measurements
ASC Topic 820, Fair Value Measurements and
Disclosures ("ASC 820"), provides a comprehensive framework for measuring fair value and expands disclosures which
are required about fair value measurements. Specifically, ASC 820 sets forth a definition of fair value and establishes a hierarchy
prioritizing the inputs to valuation techniques, giving the highest priority to quoted prices in active markets for identical assets
and liabilities and the lowest priority to unobservable value inputs. ASC 820 defines the hierarchy as follows:
Level 1 – Quoted prices
are available in active markets for identical assets or liabilities as of the reported date. The types of assets and liabilities
included in Level 1 are highly liquid and actively traded instruments with quoted prices, such as equities listed on the New York
Stock Exchange.
Level 2 – Pricing
inputs are other than quoted prices in active markets but are either directly or indirectly observable as of the reported date.
The types of assets and liabilities in Level 2 are typically either comparable to actively traded securities or contracts or priced
with models using highly observable inputs.
Level 3 – Significant
inputs to pricing that are unobservable as of the reporting date. The types of assets and liabilities included in Level 3 are those
with inputs requiring significant management judgment or estimation, such as complex and subjective models and forecasts used to
determine the fair value of financial transmission rights.
Our financial instruments consist of our accounts
payable, accrued expenses - related party and loan payable – related party. The carrying amount of our prepaid accounts payable,
accrued expenses- related parties and loan payable – related party approximates their fair values because of the short-term
maturities of these instruments.
Related Party Transactions
A related party is generally defined as (i)
any person that holds 10% or more of our membership interests including such person's immediate families, (ii) our management,
(iii) someone that directly or indirectly controls, is controlled by or is under common control with us, or (iv) anyone who can
significantly influence our financial and operating decisions. A transaction is considered to be a related party transaction when
there is a transfer of resources or obligations between related parties. See Notes 4 and 5 below for details of related party transactions
in the period presented.
Fixed Assets
We owned
no
fixed assets as of June 30, 2021 or September 30, 2020.
Leases
We determine if an arrangement is a lease at
inception. Operating leases are included in operating lease right-of-use ("ROU") as assets, operating lease non-current
liabilities, and operating lease current liabilities in our balance sheet. Finance leases are property and equipment, other current
liabilities, and other non-current liabilities in the balance sheet.
8
CANNING STREET CORP.
Notes to the Condensed Financial Statements
(Unaudited)
ROU assets represent the right to use an asset
for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease
ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over lease term.
As most of the leases do not provide an implicit rate, we generally use the incremental borrowing rate on the estimated rate of
interest for collateralized borrowing over a similar term of the lease payments at the commencement date. The operating ROU asset
also includes any lease payments made and exclude lease incentives. Lease expense for lease payment is recognized on a straight-line
basis over the lease term.
We were not party to any lease transactions
during the nine months and the three months ended June 30, 2021.
Income Taxes
The provision for income taxes is computed
using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax
consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating
losses and tax credit carry-forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that
apply to taxable income in effect for the years in which those tax assets are expected to be realized or settled. We record a valuation
allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.
Uncertain Tax Positions
We evaluate tax positions in a two-step process.
We first determine whether it is more likely than not that a tax position will be sustained upon examination, based on the technical
merits of the position. If a tax position meets the more-likely-than-not recognition threshold it is then measured to determine
the amount of benefit to recognize in the financial statements. The tax position is measured as the largest amount of benefit that
is greater than 50% likely of being realized upon ultimate settlement. We classify gross interest and penalties and unrecognized
tax benefits that are not expected to result in payment or receipt of cash within one year as long-term liabilities in the financial
statements.
Revenue Recognition
Revenues are recognized when control of the
promised goods or services are transferred to a customer, in an amount that reflects the consideration that the Company expects
to receive in exchange for those goods or services. The Company applies the following five steps in order to determine the appropriate
amount of revenue to be recognized as it fulfills its obligations under each of its agreements:
Step 1: Identify the contract(s) with customers
Step 2: Identify the performance obligations
in the contract
Step 3: Determine the transaction price
Step 4: Allocate the transaction price to
performance obligations
Step 5: Recognize revenue when the entity
satisfies a performance obligation
Service revenues are recognized as the services
are performed in proportion to the transfer of control to the customer and real estate revenues are recognized at the time of sale
when consideration has been exchanged and title has been conveyed to the buyer. At this time, we have not identified specific planned
revenue streams.
During the nine months and the three months
ended June 30, 2021, we did
no
t recognize any revenue.
Advertising Costs
We expense
advertising costs when advertisements occur.
No
advertising costs were incurred
during the nine months and the three months
ended June 30, 2021.
Stock Based Compensation
The cost
of equity instruments issued to non-employees in return for goods and services is measured by the grant date fair value of the
equity instruments issued. The cost of employee services received in exchange for equity instruments is based on the grant date
fair value of the equity instruments issued.
9
CANNING STREET CORP.
Notes to the Condensed Financial Statements
(Unaudited)
Net Loss per Share Calculation
Basic
net loss per common share ("EPS") is computed by dividing loss available to common stockholders by the weighted-average
number of common shares outstanding for the period. Diluted earnings per share is computed by dividing net income by the weighted
average shares outstanding, assuming all dilutive potential common shares were issued. Dilutive loss per share excludes all potential
common shares if their effect is anti-dilutive.
No
potentially
dilutive debt or equity instruments were issued or outstanding during
the three (and nine) months ended June 30, 2021.
Recently Accounting Pronouncements
We have
reviewed all the recently issued, but not yet effective, accounting pronouncements and do not believe any of these pronouncements
will have a material impact on our financial statements
.
NOTE 4.
RELATED PARTY FEES
As of June 30, 2021, $
0
(September 30
- $
2,500
) accrued compensation accrued for services due to our former chief financial officer, director, and principal shareholder.
The former officer, director and shareholder forgave all fees as part of his sale of his ownership interests described in Note
9 below and the forgiveness was included in paid in capital.
NOTE 5.
LOAN PAYABLE – RELATED
PARTY
During the nine months ended June 30, 2021
our then chief financial officer, director, and principal shareholder advanced to us $
18,504
by way of a loan to finance our working
capital requirements. The loan was unsecured, interest free and due on demand.
As of June 30, 2021, the entire balance outstanding
under the loan was forgiven as part of the sale of ownership and control interest described in note 5 and note 9.
A Company controlled by our Chief Executive
Officer advanced us $
22,721
(net of $
1,500
in repayments) for the quarter ending June 30,2021.
NOTE 7.
INCOME TAXES
On December 22, 2017, the U.S. government enacted
comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the "Tax Act"). The Tax Act makes
broad and complex changes to the U.S. tax code that affect fiscal 2018, including, but not limited to requiring a one-time transition
tax on certain unrepatriated earnings of foreign subsidiaries that is payable over eight years. The Tax Act also establishes new
tax laws that will affect 2018 and later years, including, but not limited to, a reduction of the U.S. federal corporate tax rate
from 34% to
21
%, a general elimination of U.S. federal income taxes on dividends from foreign subsidiaries, net operating loss
deduction limitations, a base erosion, anti-tax abuse tax and a deduction for foreign-derived intangible income and a new provision
designed to tax global intangible low-taxed income.
We did not provide any current or deferred
US federal income tax provision or benefit during the three months ended June 30, 2021 as we incurred tax losses during the period.
When it is more likely than not, that a tax asset cannot be realized through future income, we must record an allowance against
any future potential future tax benefit. We have provided a full valuation allowance against the net deferred tax asset, consisting
of net operating loss carry forwards, because management has determined that it is more likely than not that we will not earn income
sufficient to realize the deferred tax assets during the carry forward periods.
The Company has not taken a tax position that,
if challenged, would have a material effect on the financial statements for the three months ended June 30, 2021 as defined under
ASC 740, "Accounting for Income Taxes." We did not recognize any adjustment to the liability for uncertain tax
position and therefore did not record any adjustment to the beginning balance of the accumulated deficit on the balance sheet.
The provision for income taxes differs from
the amount computed by applying the statutory federal income tax rate to income before provision for income taxes.
10
CANNING STREET CORP.
Notes to the Condensed Financial Statements
(Unaudited)
The sources and tax effects of the differences
for the periods presented are as follows:
Nine months Ended June 30, 2021
Nine months Ended June 30, 2020
Statutory U.S. Federal Income Tax Rate
21
%
—
State Income Taxes
5
%
—
Change in Valuation Allowance
(
26
)%
—
Effective Income Tax Rate
0
%
—
A reconciliation of the income taxes computed
at the statutory rate is as follows:
Nine months Ended June 30, 2021
Nine months Ended June 30, 2020
Tax credit (expense) at statutory rate (26%)
$
13,500
$
—
Increase in valuation allowance
(
13,500
)
—
Net deferred tax assets
$
—
$
—
As of June 30, 2021, the Company had a federal
net operating loss carryforward of approximately $
42,737
. The federal net operating loss carryforward do not expire but may only
be used against taxable income to 80%. In response to the novel coronavirus COVID-19, the Coronavirus Aid, Relief, and Economic
Security Act temporarily repealed the 80% limitation for NOLs arising in 2018, 2019 and 2020. No tax benefit has been reported
in the financial statements. The annual offset of this carryforward loss against any future taxable profits may be limited under
the provisions of Internal Revenue Code Section 381 upon any future change(s) in control of the Company.
The Company's 2020 income tax return
for the period from September 15, 2020 (Inception) to September 30, 2020 is currently open to audit by federal and state jurisdictions.
NOTE 8.
COMMITMENTS & CONTINGENCIES
Legal Proceedings
We were not subject to any legal proceedings
during the three months ended June 30, 2021 and, to the best of our knowledge, no legal proceedings are pending or threatened.
Contractual
Obligations
We are not party to any contractual obligations
at this time.
NOTE 9.
SHAREHOLDERS' DEFICIT
Preferred Stock
As of June 30, 2021, we were authorized to
issue
10,000,000
shares of preferred stock with a par value of $
0.0001
.
No
shares of preferred stock were issued and
outstanding during the three months ended June 30, 2021.
No series of preferred stock or rights for
preferred stock had been designated at June 30, 2021.
Common Stock
As of June 30, 2021, we were authorized to
issue
1,990,000,000
shares of common stock with a par value of $
0.0001
.
11
CANNING STREET CORP.
Notes to the Condensed Financial Statements
(Unaudited)
As of September 15, 2020, the effective date
of the reverse recapitalization,
619,085
shares of common stock were issued and outstanding in our predecessor company with a total
par value of $
62
and negative balance of additional paid in capital totaling $(
15,550
).
As of September 30, 2020,
619,085
shares of common stock were issued
and outstanding.
No shares of common stock were issued during the three months ended
June 30, 2021.
Effective December 29, 2020 we completed a
2,000:1 reverse stock split
. All numbers of our common shares disclosed as issued and outstanding in this Form 10Q have been retrospectively
restated to reflect the impact of the reverse split.
As of June 30, 2021,
619,085
shares of common stock were issued
and outstanding.
Changes in Control of Registrant.
Effective March 31, 2021, certain accredited
investors (collectively "the Purchasers"), purchased a total of 371,246 shares our common stock representing 59.97%
of our issued and outstanding shares, in a private transaction with David Cutler.
As a result of the closing of the transaction
on March 31, 2020, the Purchasers acquired a majority of the issued shares eligible to vote.
The total purchase price of $400,000 was paid
in cash by the Purchaser at Closing.
On March 31, 2021, David Cutler and Redgie
Green resigned as executive officers of the Company subject to the Company filings its Form 10Q Quarterly Report for the quarter
ended March 31, 2021. Further, Mr. Green resigned as a director of the Company effective March 31, 2021 and Mr. Cutler resigned
as a director effective ten days after mailing of Notice to shareholders in compliance with the requirements of
Section 14(f) of the Securities Exchange Act of 1934. The resignation of Mr. Cutler and Mr. Green was not the result of any disagreement
with the Company on any matter relating to the Company's operations, policies, practices, or otherwise. The Board approved
and accepted the resignations.
On March 31, 2021, John Shepard was appointed
to serve as Chairman of the Board of Directors and, subject to the effective date of the resignation of Mr. Cutler and Mr. Green,
as the Company's Chief Executive Officer, Chief Financial Officer and Secretary.
Mr. John Shepard started his career in office
equipment and software sales for Panasonic and Minolta in 1996. In 2004, John Shepard received his real estate license and began
his career and business to business relationships with landowners and developers. Mr. Shepard has contracted more than $250 million.
In 2009, Mr. Shepard worked for a startup medical device company Rapid Pathogen Screening. At RPS, a point of care medical device
manufacturer John Shepard was the Director of Sales and transitioned into the Director of Government Sales. Mr. Shepard graduated
with a B.S. in Business with a concentration in finance from Eckerd College in 2004.
Warrants
No
warrants were issued or outstanding during
the three months ended June 30, 2021.
Stock Options
We currently have no stock option plan.
No
stock options were issued or outstanding
during the three months ended June 30, 2021.
NOTE 10.
SUBSEQUENT EVENTS
The Company evaluated subsequent events after
June 30, 2021, in accordance with FASB ASC 855 Subsequent Events, through the date of the issuance of these financial statements
and has determined there have been no subsequent events for which disclosure is required.
12
ITEM 2. MANAGEMENT'S
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The following discussion should be read
in conjunction with our unaudited financial statements and notes thereto included herein. In connection with, and because we desire
to take advantage of, the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we caution
readers regarding certain forward looking statements in the following discussion and elsewhere in this report and in any other
statement made by, or on our behalf, whether or not in future filings with the Securities and Exchange Commission. Forward-looking
statements are statements not based on historical information and which relate to future operations, strategies, financial results,
or other developments. Forward looking statements are necessarily based upon estimates and assumptions that are inherently subject
to significant business, economic and competitive uncertainties, and contingencies, many of which are beyond our control and many
of which, with respect to future business decisions, are subject to change. These uncertainties and contingencies can affect actual
results and could cause actual results to differ materially from those expressed in any forward looking statements made by, or
on our behalf. We disclaim any obligation to update forward-looking statements.
The independent registered public accounting
firm's report on the Company's consolidated financial statements as of September 30, 2020 includes a "going concern"
explanatory paragraph, that describes substantial doubt about the Company's ability to continue as a going concern.
PLAN OF OPERATIONS
The Company's
plan of operation is to obtain debt or equity finance to meet our ongoing operating expenses and attempt to merge with another
entity with experienced management and opportunities for growth in return for shares of our common stock to create value for our
shareholders.
The Company will need substantial additional
capital to support its budget. The Company has had no revenues. The Company has no committed source for any funds as of date hereof.
In the event funds cannot be raised when needed, the Company may not be able to carry out its business plan, may never achieve
sales or royalty income, and could fail in business as a result of these uncertainties.
The Company may borrow money to finance its
future operations, although it does not currently contemplate doing so. Any such borrowing will increase the risk of loss to the
investor in the event the Company is unsuccessful in repaying such loans.
RESULTS OF OPERATIONS
For the Three Months Ended June 30, 2021
Revenue
We recognized
no revenue during the three months ended June 30, 2021, as we had no revenue generating activities during this period.
G
eneral
and Administrative Expenses
During
the three months ended June 30, 2021, we incurred general and administrative expenses of $7
,221 comprising of public entity
costs of $4,221 and professional fees of $3,000.
Operating Loss
During
the three months ended June 30, 2021, we incurred an operating loss of $7
,221
due
to the factors discussed above.
13
Interest and Other Income (Expenses)
Net
During
the three months ended June 30, 2021, we recognized no interest and other income (expenses), net in the period.
Loss before Income Tax
During
the three months ended June 30, 2021, we incurred a loss before income taxes of $7
,221
due
to the factors discussed above.
Provision for Income Tax
No provision
for income taxes was recorded during the three months ended June 30, 2021 as we incurred a taxable loss in the period
Net Loss
During
the three months ended June 30, 2021, we incurred a net loss of $7
,221
due to the
factors discussed above.
For the Nine months Ended June 30, 2021
Revenue
We recognized
no revenue during the nine months ended June 30, 2021, as we had no revenue generating activities during this period.
G
eneral
and Administrative Expenses
During
the nine months ended June 30, 2021, we incurred general and administrative expenses of $51
,596 comprising officer compensation
of $35,000, public entity cost of $4,221 and professional fees of $12,375.
Operating Loss
During
the nine months ended June 30, 2021, we incurred an operating loss of $51
,596
due
to the factors discussed above.
Interest and Other Income (Expenses)
Net
During
the nine months ended June 30, 2021, we recognized no interest and other income (expenses), net in the period.
Loss before Income Tax
During
the nine months ended June 30, 2021, we incurred a loss before income taxes of $51
,596
due
to the factors discussed above.
Provision for Income Tax
No provision
for income taxes was recorded during the nine months ended June 30, 2021 as we incurred a taxable loss in the period.
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Net Loss
During
the nine months ended June 30, 2021, we incurred a net loss of $51
,596
due to the
factors discussed above.
LIQUIDITY
At June 30, 2021, we had total current assets
of $18,500. At June 30, 2021, we had total liabilities of $25,721.
Consequently, we are now dependent on raising
additional equity and/or debt to meet our ongoing operating expenses. There is no assurance that we will be able to raise the necessary
equity and/or debt that we will need to fund our ongoing operating expenses.
It is our current intention to seek to raise
debt and, or equity financing to meet ongoing operating expenses and attempt to merge with another entity with experienced management
and opportunities for growth in return for shares of our common stock to create value for our shareholders. There is no assurance
that this series of events will be satisfactorily completed.
Future losses are likely to occur as, until
we are able to merge with another entity with experienced management and opportunities for growth in return for shares of our common
stock to create value for our shareholders, we have no sources of income to meet our operating expenses.
As a result of these, among other factors,
we received from our registered independent public accountants in their report for the financial statements for the period September
15, 2020 (Inception) to September 30, 2020, an explanatory paragraph stating that there is substantial doubt about our ability
to continue as a going concern.
Our primary sources and uses of cash for
the nine months ended June 30, 2021 and 2020 were as follows:
Nine months Ended
Nine months Ended
June 30, 2021
June 30, 2020
Net Cash Used in Operating Activities
$
—
$
—
Net Cash Flows from Investing Activities
—
—
Net Cash Flows from Financing Activities
18,500
—
Net Movement in Cash and Cash Equivalents
$
—
$
—
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Operating Activities
During the nine months ended June
30, 2021
, we incurred a net loss of $51,596 which after adjustments for an increase in $3,000 in accounts payable and related party
accruals of $4,221, offset by a donation of $44,375 of current year expenses paid by former controlling shareholders resulted in net cash
of $0 being used in operations.
Investing Activities
During
the nine months ended June 30, 2021, we had no investing activities
.
Financing Activities
During the nine months ended June
30, 2021
, we received $18,500 by way of advances from a corporation controlled by our chief executive officer resulting in net
cash flow from financing activities of $18,500.The noncash donation of expenses paid by our prior controlling shareholders also included
$6,629 of expenses forgiven.
We are dependent upon the receipt of capital
investment or other financing to fund our ongoing operations and to execute our business plan to merge with another entity with
experienced management and opportunities for growth in return for shares of our common stock to create value for our shareholders'.
In addition, we are dependent upon our controlling shareholder to provide continued funding and capital resources. If continued
funding and capital resources are unavailable at reasonable terms, we may not be able to implement our plan of operations.
CRITICAL
ACCOUNTING POLICIES
All companies are required to include a discussion
of critical accounting policies and estimates used in the preparation of their financial statements. On an on-going basis, we evaluate
our critical accounting policies and estimates. We base our estimates on historical experience and on various other assumptions
that we believe to be reasonable under the circumstances, the results of which form our basis for making judgments about the carrying
values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates
under different assumptions or conditions.
Our significant accounting policies are described
in Note 3 of our Financial Statements on page 7. These policies were selected because they represent the more significant accounting
policies and methods that are broadly applied in the preparation of our financial statement.
Inflation
In the opinion of management, inflation has
not and will not have a material effect on our operations in the immediate future.
Management will continue to monitor inflation
and evaluate the possible future effects of inflation on our business and operations.
Off-Balance Sheet Arrangements
Per SEC regulations, we are required to disclose
our off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition,
such as changes in financial condition, revenues, expenses, results of operations, liquidity, capital expenditures, or capital
resources that are material to investors. As of June 30, 2021 and September 30, 2020, we have no off-balance sheet arrangements.
Recently Issued Accounting Pronouncements
We have
reviewed all the recently issued, but not yet effective, accounting pronouncements and do not believe any of these pronouncements
will have a material impact on our financial statements
.
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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK
As a "smaller reporting company"
as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.
ITEM 4. CONTROLS AND PROCEDURES
Evaluation of Disclosure Controls and Procedures
Management is responsible for establishing
and maintaining adequate disclosure controls and procedures that are designed to ensure that information required to be disclosed
by the Company in its Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in
the SEC's rules and forms, and that such information is accumulated and communicated to our management, including our principal
executive officer and principal financial officer, as appropriate, to allow for timely and reliable financial reporting and the
preparation of financial statements in accordance with accounting principles generally accepted in the United States of America.
As of the quarter
ended June 30, 2021, our principal executive officer and principal financial officer completed an assessment of the effectiveness
of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e), to determine the existence of material
weaknesses or significant deficiencies under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that
there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will
not be prevented or detected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in
internal control over financial reporting that is less severe than a material weakness, yet important enough to merit attention
by those responsible for oversight of the registrant's financial reporting.
Based on our evaluation, we concluded that
because of the material weaknesses in our internal control over financial reporting, our disclosure controls and procedures were
not effective as of June 30, 2021.
We did not maintain effective controls over
certain aspects of the financial reporting process because: (i) we lack a sufficient complement of personnel with a level of accounting
expertise and an adequate supervisory review structure that is commensurate with our financial reporting requirements, (ii) there
is inadequate segregation of duties due to the limitation on the number of our accounting personnel, and (iii) we have insufficient
controls and processes in place to adequately verify the accuracy and completeness of spreadsheets that we use for a variety of
purposes for our financial reporting.
We intend to take appropriate and reasonable
steps to make the necessary improvements to remediate these deficiencies. However, due to our size and our financial resources,
remediating the several identified weaknesses has not been possible and may not be economically feasible now or in the future.
Changes in Internal Control Over Financial Reporting
There was no change in our internal control
over financial reporting that occurred during the fiscal quarter ended June 30, 2021, that has materially affected, or is reasonably
likely to materially affect, our internal control over financial reporting.
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PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
From time to time in the future, we may become involved in litigation
or other legal proceedings that arise in the ordinary course of business. We are not currently party to any legal proceedings,
and we are not aware of any pending or threatened litigation against us that we believe could have a material adverse effect on
our business, operating results or financial condition. In the event we are subject to a legal proceeding, it could have a material
adverse impact on us because of litigation costs and diversion of management resources.
ITEM 1A. RISK FACTORS
As a Smaller Reporting Company, we are exempted from the requirements
of Item 1A.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The Company did not make any unregistered sales
of its securities from January 1, 2021 through June 30, 2021.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not Applicable.
ITEM 5. OTHER INFORMATION
None.
ITEM 6. EXHIBITS
Exhibits.
The following is a complete list of exhibits filed
as part of this Form 10-Q. Exhibit numbers correspond to the numbers in the Exhibit Table of Item 601 of Regulation S-K.
EXHIBIT NO.
DESCRIPTION
31.1
Certification of Chief Executive Officer and Principal Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley Act
32.1
Certification of Principal Executive Officer and Principal Accounting Officer pursuant to Section 906 of the Sarbanes-Oxley Act
101.INS
XBRL Instance Document (1)
101.SCH
XBRL Taxonomy Extension Schema Document (1)
101.CAL
XBRL Taxonomy Extension Calculation Linkbase Document (1)
101.DEF
XBRL Taxonomy Extension Definition Linkbase Document (1)
101.LAB
XBRL Taxonomy Extension Label Linkbase Document (1)
101.PRE
XBRL Taxonomy Extension Presentation Linkbase Document (1)
(1) Pursuant to Rule 406T of Regulation S-T, this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.
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SIGNATURES
Pursuant to the requirements of Section 12
of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
CANNING STREET CORP.
(Registrant)
Dated: September 2, 2021
By:
/s/ John G. Shepard
John G. Shepard
(Chief Executive Officer and Principal Executive Officer and Principal Accounting
    Officer)
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