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    CNTN

    Canton Strategic Holdings, Inc.

    Company overview

    Market capitalization
    $214.34M
    Employees
    12
    Latest publication
    2026-09-29
    About Canton Strategic Holdings, Inc.

    Canton Strategic Holdings, Inc. engages in the institutional blockchain adoption and digitization of financial markets in the United States. It operates in two segments, Digital Asset Treasury and Clinical Stage Bio-technology. The company is involved in the operation of Canton Coin-centric digital asset treasury strategies, including validator operations and network participation; application support and strategic investments; collaboration and ecosystem advancement; capital raising and treasury expansion; token management - locking, lending, and options; Canton Foundation; and governance and risk management. It also researches and develops GV104, a buccal film formulation of nalmefene for the treatment of respiratory depression and prophylactic protection against synthetic opioid exposure in military and first responders; and GV023, an oral anti-tumor necrosis factor-alpha monoclonal antibody that addresses critical limitation of IV gold standard for the treatment of repeated intravenous infusions. The company was formerly known as Tharimmune, Inc. and changed its name to Canton Strategic Holdings, Inc. in February 2026. Canton Strategic Holdings, Inc. was incorporated in 2017 and is headquartered in Red Bank, New Jersey.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Revenue1,495,859USD0USD0USD0USD0USD0USD0USD0USD
    Selling General Administrative2,698,013USD36,600,488USD11,958,772USD1,815,775USD1,304,956USD1,952,599USD1,762,005USD1,583,744USD
    General And Administrative Expenses2,698,013USD———————
    Total Operating Expenses2,698,013USD36,868,311USD13,614,659USD2,093,578USD1,851,160USD2,546,669USD3,847,464USD3,865,571USD
    Operating Income-1,202,154USD-36,868,311USD-13,614,659USD-2,093,578USD-1,851,160USD-2,546,669USD-3,847,464USD-3,865,571USD
    Total Other Income Expense Net-23,424,102USD-14,695,126USD-21,990,009USD-8,260USD-3,993USD4,965USD26,914USD69,719USD
    Income Before Tax-24,626,256USD-51,563,437USD-35,604,668USD-2,101,838USD-1,855,153USD-2,541,704USD-3,820,550USD-3,795,852USD
    Income Tax Expense-6,672,175USD-4,220,240USD-6,187,113USD—————
    Discontinued Operations-1,300,745USD———————
    Net Income-19,254,826USD-47,343,197USD-29,417,555USD-2,101,838USD-1,855,153USD-2,541,704USD-3,820,550USD-3,795,852USD
    Research Development—267,823USD1,655,887USD277,803USD546,204USD594,070USD2,085,459USD2,281,827USD
    Interest Income—318,178USD24,418USD1,388USD2,168USD13,436USD27,672USD72,728USD
    Interest Expense—0USD4,065USD9,648USD6,161USD8,471USD758USD3,009USD
    Net Interest Income—318,178USD20,353USD-8,260USD-3,993USD4,965USD26,914USD69,719USD
    Tax Provision—-4,220,240USD———0USD——
    Net Income From Continuing Ops—-47,343,197USD-29,417,555USD-2,101,838USD-1,855,153USD-2,541,704USD-3,820,550USD-3,795,852USD
    Ebitda—-47,343,197USD-13,631,651USD-2,092,190USD-1,848,992USD-2,533,233USD-3,819,792USD-3,792,843USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
    Total Revenue0USD0USD0USD0USD0USD——
    Research Development3,073,964USD6,392,097USD3,559,635USD2,278,424USD1,842,803USD847,272USD368,732USD
    Selling General Administrative17,032,102USD6,041,695USD5,895,585USD4,603,514USD1,365,214USD——
    Total Operating Expenses20,106,066USD12,433,792USD9,455,220USD6,881,938USD3,208,017USD1,519,151USD994,539USD
    Operating Income-20,106,066USD-12,433,792USD-9,455,220USD-6,881,938USD-3,208,017USD-1,519,151USD-994,539USD
    Interest Income41,410USD249,908USD152,631USD0USD———
    Interest Expense28,345USD13,684USD16,505USD1,591,244USD831,277USD246,534USD75,074USD
    Net Interest Income13,065USD236,224USD136,126USD-1,591,244USD-831,277USD——
    Income Before Tax-42,103,363USD-12,197,568USD-9,319,094USD-8,473,182USD-2,206,643USD-2,417,371USD-1,525,474USD
    Income Tax Expense-6,187,113USD——————
    Tax Provision-6,187,113USD0USD—————
    Net Income-35,916,250USD-12,197,568USD-9,319,094USD-8,473,182USD-2,206,643USD-2,417,371USD-1,525,474USD
    Net Income From Continuing Ops-35,916,250USD-12,197,568USD-9,319,094USD-8,473,182USD-2,206,643USD——
    Ebitda-20,106,066USD-12,433,792USD-9,149,958USD-6,653,453USD-1,375,367USD-2,170,841USD-1,450,402USD
    Total Other Income Expense Net-21,997,297USD236,224USD136,126USD-1,591,244USD1,001,374USD-898,220USD-530,935USD
    Ebit—-12,211,252USD-9,302,589USD-6,881,938USD———
    Depreciation And Amortization—-222,540USD152,631USD228,485USD———
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets564,570,386USD584,654,613USD519,146,435USD7,699,378USD2,530,166USD1,661,294USD3,721,624USD5,251,246USD
    Cash And Equivalents37,241,568USD———————
    Total Current Assets41,216,634USD43,085,250USD17,386,066USD7,699,378USD2,530,166USD1,661,294USD3,721,624USD5,134,246USD
    Other Current Assets3,274,069USD1,553,110USD353,318USD89,038USD288,186USD585,366USD162,263USD360,009USD
    Total Liabilities109,667,774USD———————
    Total Current Liabilities2,625,998USD1,141,344USD3,286,364USD1,544,551USD2,162,807USD2,475,965USD2,413,982USD2,233,697USD
    Other Current Liabilities983,715USD———————
    Total Stockholder Equity454,902,612USD469,799,318USD397,925,880USD6,154,827USD367,359USD-814,671USD1,307,642USD3,017,549USD
    Total Equity Including Noncontrolling Interest454,902,612USD———————
    Accounts Payable916,244USD402,311USD1,090,274USD659,254USD770,610USD838,184USD1,089,666USD783,839USD
    Common Stock7,727USD5,665USD3,711USD721USD422USD211USD198USD129USD
    Retained Earnings-139,415,367USD-120,160,541USD-72,817,344USD-43,399,789USD-41,297,951USD-39,442,798USD-36,901,094USD-33,080,544USD
    Intangible Assets—541,569,363USD501,760,369USD—————
    Total Liab—114,855,295USD121,220,555USD1,544,551USD2,162,807USD2,475,965USD2,413,982USD2,233,697USD
    Other Current Liab—739,033USD2,196,090USD885,297USD1,142,481USD1,366,327USD1,324,316USD2,152,929USD
    Capital Stock—5,665USD3,711USD721USD422USD211USD198USD129USD
    Cash—41,532,140USD17,032,748USD7,610,340USD2,241,980USD1,075,928USD3,559,361USD4,774,237USD
    Cash And Short Term Investments—41,532,140USD17,032,748USD7,610,340USD2,241,980USD1,075,928USD3,559,361USD4,774,237USD
    Net Debt—-41,532,140USD-17,032,748USD-7,610,340USD-1,992,264USD-804,474USD-3,559,361USD-4,693,469USD
    Common Stock Shares Outstanding—207,705,905shares32,049,310shares6,241,909shares2,877,327shares2,572,715shares1,973,753shares1,547,324shares
    Non Current Assets Total—541,569,363USD501,760,369USD0USD92,168USD117,000USD117,000USD117,000USD
    Non Current Liabilities Total—113,713,951USD117,934,191USD0USD0USD0USD0USD0USD
    Non Currrent Assets Other—541,569,363USD501,760,369USD—92,168USD117,000USD117,000USD117,000USD
    Net Working Capital—41,943,906USD14,099,702USD6,154,827USD367,359USD-814,671USD1,307,642USD3,017,549USD
    Unclassified Non Current Assets—-541,569,363USD-501,760,369USD—————
    Unclassified Non Current Liabilities—113,713,951USD117,934,191USD—————
    Unclassified Equity—589,948,529USD470,735,802USD49,553,174USD41,664,466USD38,627,705USD38,208,340USD36,097,835USD
    Short Term Debt———195,493USD249,716USD271,454USD—80,768USD
    Short Long Term Debt———161,117USD249,716USD271,454USD——
    Short Long Term Debt Total———195,493USD249,716USD271,454USD—80,768USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
    Total Assets519,146,435USD3,721,624USD10,946,393USD6,688,628USD621,677USD294,798USD40,881USD
    Intangible Assets501,760,369USD——————
    Other Current Assets353,318USD162,263USD11,041USD178,094USD617,321USD102,946USD2,600USD
    Total Liab121,220,555USD2,413,982USD1,815,046USD1,144,973USD5,306,579USD4,012,326USD1,663,081USD
    Total Stockholder Equity397,925,880USD1,307,642USD9,131,347USD5,543,655USD-4,684,902USD-3,717,528USD-1,622,200USD
    Other Current Liab2,196,090USD1,324,316USD906,469USD190,468USD1,678,077USD1,647,131USD458,306USD
    Common Stock3,711USD198USD1,175USD46USD636USD636USD628USD
    Capital Stock3,711USD198USD89USD46USD636USD——
    Retained Earnings-72,817,344USD-36,901,094USD-24,703,526USD-15,384,432USD-6,911,250USD-4,704,607USD-2,085,499USD
    Cash17,032,748USD3,559,361USD10,935,352USD6,510,534USD4,356USD191,852USD38,281USD
    Cash And Short Term Investments17,032,748USD3,559,361USD10,935,352USD6,510,534USD4,356USD191,852USD38,281USD
    Total Current Assets17,386,066USD3,721,624USD10,946,393USD6,688,628USD621,677USD294,798USD40,881USD
    Total Current Liabilities3,286,364USD2,413,982USD1,815,046USD1,144,973USD4,533,680USD2,725,384USD1,130,315USD
    Net Debt-17,032,748USD-3,559,361USD-10,935,352USD-6,510,534USD2,161,087USD1,658,515USD925,085USD
    Accounts Payable1,090,274USD1,089,666USD908,577USD954,505USD1,463,059USD514,828USD241,409USD
    Common Stock Shares Outstanding32,049,310shares1,296,290shares87,029shares30,178shares30,305shares27,454shares27,454shares
    Non Current Assets Total501,760,369USD117,000USD0USD0USD546,651USD——
    Non Current Liabilities Total117,934,191USD0USD0USD0USD772,899USD1,286,942USD532,766USD
    Non Currrent Assets Other501,760,369USD117,000USD——546,651USD——
    Net Working Capital14,099,702USD1,307,642USD9,131,347USD5,543,655USD-3,912,003USD——
    Unclassified Non Current Assets-501,760,369USD——————
    Unclassified Non Current Liabilities117,934,191USD————1,286,942USD—
    Unclassified Equity470,735,802USD38,208,340USD33,833,609USD20,927,995USD2,225,076USD——
    Short Term Debt————1,392,544USD563,425USD430,600USD
    Short Long Term Debt————1,392,544USD——
    Short Long Term Debt Total————2,165,443USD1,850,367USD963,366USD
    Long Term Debt————772,899USD——
    Unclassified Current Liabilities————-1,392,544USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Stock Based Compensation32,329,614USD
    Other Non Cash Items1,515,630USD
    Change To Liabilities477,255USD
    Change In Working Capital-764,031USD
    Operating Cash Flow-9,873,492USD
    Investing Cash Flow-60,586,023USD
    Financing Cash Flow91,245,141USD
    Change In Cash20,785,626USD
    End Cash Flow37,818,374USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income-47,343,197USD-29,417,555USD-2,101,838USD-1,855,153USD-2,541,704USD-3,820,550USD-3,795,852USD-2,325,057USD
    Stock Based Compensation32,259,757USD1,572,280USD527,014USD559,383USD219,179USD211,104USD191,943USD153,647USD
    Other Non Cash Items11,668,492USD22,971,939USD92,168USD8,253USD219,179USD211,104USD-11,085USD153,647USD
    Change In Working Capital-3,344,812USD594,000USD-372,513USD144,987USD-366,476USD575,799USD751,134USD-7,893USD
    Total Cash From Operating Activities-7,635,188USD-10,441,617USD-1,855,169USD-1,142,530USD-2,689,000USD-3,033,647USD-2,863,860USD-2,179,303USD
    Capital Expenditures-54,822,298USD0USD0USD0USD0USD-3USD-3USD-3USD
    Free Cash Flow-7,635,188USD-10,441,616USD-1,855,170USD-1,142,530USD-2,689,000USD-3,033,647USD-2,863,863USD-2,179,300USD
    Total Cashflows From Investing Activities-54,822,298USD-77,572,567USD————-3USD—
    Net Borrowings0USD-68,501USD-88,599USD-21,738USD-43,031USD—0USD—
    Total Cash From Financing Activities86,956,878USD97,436,591USD7,223,529USD2,308,582USD205,568USD1,818,771USD-257,730USD1,647,840USD
    Issuance Of Capital Stock90,420,608USD104,591,249USD8,315,017USD2,766,625USD0USD2,103,568USD0USD—
    Change In Cash24,499,392USD9,422,408USD5,368,360USD1,166,052USD-2,483,433USD-1,214,876USD-3,121,590USD-531,463USD
    Begin Period Cash Flow17,032,748USD7,610,340USD2,241,980USD1,075,928USD3,559,361USD4,774,237USD7,895,827USD8,427,290USD
    End Period Cash Flow41,532,140USD17,032,748USD7,610,340USD2,241,980USD1,075,928USD3,559,361USD4,774,237USD7,895,827USD
    Other Cashflows From Investing Activities-54,822,298USD-77,572,567USD——————
    Other Cashflows From Financing Activities86,956,878USD108,563,299USD-952,724USD-436,305USD—-204,029USD-138,450USD-319,250USD
    Unclassified Investing Cash Flow54,822,298USD———————
    Unclassified Financing Cash Flow-90,420,608USD-115,649,456USD—————1,967,090USD
    Depreciation—24,832USD——————
    Unclassified Operating Cash Flow—-6,187,113USD——————
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    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
    Net Income-35,916,250USD-12,197,568USD-9,319,094USD-8,473,182USD-2,206,643USD-2,417,371USD-1,525,474USD
    Depreciation24,832USD——————
    Stock Based Compensation2,877,856USD710,313USD831,862USD800,696USD1,239,269USD234,580USD92,012USD
    Other Non Cash Items23,072,359USD20,550USD350,000USD1,683,648USD-1,166,085USD797,042USD484,663USD
    Change In Working Capital986,408USD564,714USD837,126USD-569,112USD1,047,215USD307,317USD242,686USD
    Total Cash From Operating Activities-16,128,316USD-10,901,991USD-7,300,106USD-6,557,950USD-1,086,244USD-1,078,432USD-706,113USD
    Capital Expenditures-77,572,567USD0USD-4USD0USD-4USD0USD-3USD
    Free Cash Flow-16,128,316USD-10,901,991USD-7,300,106USD-6,557,950USD-1,086,244USD-1,078,432USD-706,110USD
    Total Cashflows From Investing Activities-77,572,567USD——————
    Net Borrowings-221,869USD0USD0USD-14,645USD1,078,015USD——
    Total Cash From Financing Activities107,174,270USD3,526,000USD11,724,924USD13,064,128USD898,748USD1,232,003USD708,385USD
    Issuance Of Capital Stock115,672,891USD4,187,729USD12,234,929USD13,645,643USD0USD——
    Change In Cash13,473,387USD-7,375,991USD4,424,818USD6,506,178USD-187,496USD153,571USD38,281USD
    Begin Period Cash Flow3,559,361USD10,935,352USD6,510,534USD4,356USD191,852USD38,281USD—
    End Period Cash Flow17,032,748USD3,559,361USD10,935,352USD6,510,534USD4,356USD191,852USD38,281USD
    Other Cashflows From Investing Activities-77,572,567USD——————
    Other Cashflows From Financing Activities107,174,270USD-661,729USD-510,005USD-496,905USD-179,267USD——
    Unclassified Operating Cash Flow-7,173,521USD——————
    Unclassified Investing Cash Flow77,572,567USD——————
    Unclassified Financing Cash Flow-115,451,022USD—12,234,929USD13,645,643USD———
    Sale Purchase Of Stock——0USD-69,965USD0USD——
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    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    No revenue breakdown is currently published for this company.

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.