SPARQ : Interim Qaurterly Statements - September 2021

MJ Innovation Capital Corp.

Condensed Interim Financial Statements

For the three months ended September 30, 2021 and 2020

(Unaudited)

The accompanying unaudited condensed interim financial statements of MJ Innovation Capital Corp. (the

"Corporation") have been prepared by and are the responsibility of the Corporation's management. The Corporation's independent auditor has not preformed a review of these financial statements in accordance with standards established by the CPA Canada for a review of interim financial statements by and entity's auditor.

MJ Innovation Capital Corp.

(A Capital Pool Company)

Three months ended September 30, 2021 and 2020 (unaudited)

TABLE OF CONTENTS

Condensed Interim Statements of Operations and Comprehensive Loss	F-2
Condensed Interim Statements of Financial Position	F-3
Condensed Interim Statements of Changes in Shareholders' Equity	F-4
Condensed Interim Statements of Cash Flows	F-5
Notes to the Condensed Interim Financial Statements	F-6 - F12

F-1

MJ Innovation Capital Corp.

(A Capital Pool Company)

Condensed Interim Statements of Operations and Comprehensive Loss For the three months ended September 30, 2021 and 2020.

(Unaudited - in Canadian dollars)

		Three	Three
		Months	Months
		Ended	Ended
		September	September
		30, 2021	30, 2020
		(Unaudited)	(Unaudited)
Cost of Sales
Gross Profit (Loss)	$	-	-
Expenses
Office and administrative expenses	$	3,943	2,448
Legal & professional fees (Note 5)		18,428	16,095
Stock-based compensation (Note 3)		-	-
Total Expenses	$	22,371	18,543
Loss from Operations	$	(22,371)	(18,543)
Other Income			-
Net Loss and Comprehensive Loss	$	(22,371)	(18,543)
Net loss per share		(0.0112)	(0.0093)
Basic and Diluted	$
Weighted average of shares outstanding		2,003,394	2,000,000
basic and diluted

The accompanying notes are an integral part of these unaudited condensed interim financial statements.

F-2

MJ Innovation Capital Corp.

(A Capital Pool Company)

Condensed Interim Statements of Financial Position (Unaudited - in Canadian dollars)

Three Months	Fiscal Period
Ended	Ended June 30,
September 30,	2021
2021
(Unaudited)	(Audited)

Assets

Current Assets
Cash	$	210,054
Total assets	$	210,054
Liabilities
Current liabilities
Accounts payable and accrued liabilities	$	38,098
Total Liabilities	$	38,098
Shareholders' Equity
Share capital (Note 3)	$	407,103
Contributed surplus (Note 3)		66,507
Accumulated deficit		(301,654)
Total shareholders' equity	$	171,956

237,206

237,206

44,067

44,067

405,915

66,507

(279,283)

193,139

Total liabilities and shareholders' equity

$

210,054

237,206

Nature of operations (Note 1)

The accompanying notes are an integral part of these unaudited condensed interim financial statements.

Approved by the Board	"Richard Kimel"		"Bryan Van Engelen"
	Director		Director

F-3

MJ Innovation Capital Corp.

(A Capital Pool Company)

Condensed Interim Statements of Changes in Shareholders' Equity For the three months ended September 30, 2021 and 2020. (Unaudited - in Canadian dollars)

			Accumulated	Contributed	Shareholders'
		Share Capital	Deficit	surplus	Equity
	Balance as at June 30, 2021	$ 405,915	$ (279,283)	$	66,507	$	193,139
	Shares issued	1,188	-		-		1,188
	Net loss for the period	-	(22,371)		-		(22,371)
	Balance as at September 31, 2021	$ 407,103	$ (301,654)		$ 66,507	$	171,956
			Accumulated	Contributed	Shareholders'
		Share Capital	Deficit		surplus		Equity
Balance as at June 30, 2020	$405,915	$ (195,196)	$	66,507	$	277,226
	Net loss for the period	-	(18,543)		-		(18,543)
Balance as at September 31, 2020	$405,915	$ (213,739)	$	66,507	$	258,683

The accompanying notes are an integral part of these unaudited condensed interim financial statements.

F-4