**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-QSB**

*(Mark      One)*

| [X]    | QUARTERLY                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF                1934 |
|--------|-----------------------------------------------------------------------------------------------------------------|
|   |

| [   ] | TRANSITION                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF                1934 |
|----------------------|------------------------------------------------------------------------------------------------------------------|
|                 |

**MYSTICA      CANDLE CORP.**

| **Nevada**                              | **20-3061907**                                                  |
|-----------------------------------------|-----------------------------------------------------------------|
| (State                of incorporation) | (IRS                Employer Identification                No.) |

**136      Bradley Road**

**Salt      Spring Island**

**British      Columbia V8K 1J5 Canada**

**(604)      638-2283**

----

**PART      I - FINANCIAL INFORMATION**

**Item      1. Financial Statements**

**MYSTICA      CANDLE CORP.**

**(A      Development Stage Company)**

**Balance      Sheets**

----

**ASSETS**

|                                                                         |   |                                                         |               |                                         |   |
|------------------------------------------------------------------------------|--------|--------------------------------------------------------------|--------------------|----------------------------------------------|--------|
|                                                                         |   | **(Unaudited)****As                    ofMarch 31,****2008** |               | **As                    of**June 30,**2007** |   |
| **Current                  Assets**                                          |   |                                                    |               |                                         |   |
| Cash                                                                         |   | $                                                            | 36,803             |                                         | $      | 10,237 |   |
| Inventory                                                                    |   |                                                         | 1,469              |                                         |   | 1,469 |   |
| **Total                  Current Assets**                                    |   |                                                         | 38,272             |                                         |   | 11,706 |   |
|                                                                         |   |                                                         |               |                                         |   |   |   |
| **Net                  fixed Assets**                                        |   |                                                         | 12,720             |                                         |   | 15,645 |   |
|                                                                         |   |                                                         |               |                                         |   |   |   |
| **Total                  Assets**                                            |   | $                                                            | **50,992**         |                                         | $      | 27,351 |   |
|                                                                         |   |                                                         |                    |                                         |   |  |   |
| **LIABILITIES                  & STOCKHOLDERS' EQUITY (DEFICIT)**        |   |                                                         |               |                                         |   |   |   |
|                                                                         |   |                                                         |               |                                         |   |   |   |
| **Current                  Liabilities**                                     |   |                                                         |               |                                         |   |   |   |
| Accounts                  Payable                                            |   | $                                                            | 2,639              |                                         | $      |       |   |
| **Total                  Current Liabilities**                               |   |                                                         | 2,639              |                                         |   | - |   |
|                                                                         |   |                                                         |                    |                                         |   |   |   |
|                                                                         |   |                                                         |     |                                         |   |                        |   |
| **Total                  Liabilities**                                       |   |                                                         | 2,639              |                                         |   | - |   |
|                                                                         |   |                                                         |               |                                         |   |   |   |
| **Stockholders'                  Equity (Deficit)**                          |   |                                                         |               |                                         |   |   |   |
|                                                                         |   |                                                         |               |                                         |   |   |   |
| Common                  stock, ($0.001 par value, 75,000,000 shares          |   |                                                         |               |                                         |   |   |   |
| authorized;                  2,555,556 sh issued & outstanding           |   |                                                         |               |                                         |   |   |   |
| as                  of March 31, 2008; 2,500,000 sh issued & outstanding |   |                                                         | 2,556              |                                         |   | 2,500 |   |
| as                  of June 30, 2007.                                        |   |                                                         |               |                                         |   |   |   |
| Additional                  paid-in capital                                  |   |                                                         | 104,944            |                                         |   | 55,000 |   |
| Deficit                  accumulated during development stage                |   |                                                         | (59,147            | )                                            |   | (30,149 | ) |
| **Total                  Stockholders' Equity (Deficit)**                    |   |                                                         | 48,353             |                                         |   | 27,351 |   |
|                                                                         |   |                                                         |               |                                         |   |   |   |
| **TOTAL                  LIABILITIES &**                                 |   |                                                         |          |                                         |   |      |   |
| **STOCKHOLDERS'                  EQUITY (DEFICIT)**                          |   | $                                                            | **50,992**         |                                         | $      | 27,351 |   |

***See      Notes to Financial Statements.***

----

| **MYSTICA                  CANDLE, CORP.**         |
|----------------------------------------------------|
| **(A                  Development Stage Company)** |
| **Statements                  of Operations**      |
| **(Unaudited)**                                    |

|                             |   |   | **Nine                        Months Ended March 31, 2008** |   |   |   | **Nine                        Months Ended March 31, 2007** |   |   | **Three                        Months Ended March 31, 2008** |   |   | **Three                        Months Ended March 31, 2007** |   |   | **June                    24, 2005 (inception) through March 31, 2008** |   |
|------------------------------------------------------|--------|--------|-------------------------------------------------------------|--------|--------|--------|-------------------------------------------------------------|--------|--------|--------------------------------------------------------------|--------|--------|--------------------------------------------------------------|--------|--------|-------------------------------------------------------------------------|--------|
|                                                 |   |   |                                                        |   |   |   |                                                        |   |   |                                                         |   |   |                                                         |   |   |                                                                    |   |
| **Revenues**                                         |   |   |                                                        |   |   |   |                                                        |   |   |                                                         |   |   |                                                         |   |   |                                                                    |   |
| Revenues                                             |   | $      |                                              |   |   | $      | 1,847                                                       |   |   |                                                         |   | $      | 50                                                           |   | $      | 2,278                                                                   |   |
| **Total                  Revenues**                  |   |   | -                                                           |   |   |   | 1,847                                                       |   |   | -                                                            |   |   | 50                                                           |   |   | 2,278                                                                   |   |
|                                                 |   |   |                                                        |   |   |   |                                                        |   |   |                                                         |   |   |                                                         |   |   |                                                                    |   |
| **Cost                  of Goods Sold**              |   |   |                                                        |   |   |   |                                                        |   |   |                                                         |   |   |                                                         |   |   |                                                                    |   |
| Purchases                                            |   |   |                                              |   |   |   | 518                                                         |   |   |                                                         |   |   | 15                                                           |   |   | 1,182                                                                   |   |
| **Total                  Costs Goods Sold**          |   |   | -                                                           |   |   |   | 518                                                         |   |   | -                                                            |   |   | 15                                                           |   |   | 1,182                                                                   |   |
|                                                 |   |   |                                    |   |   |   |                                              |   |   |                                               |   |   |                                               |   |   |                                                     |   |
| **Gross                  Profit**                    |   |   | -                                                           |   |   |   | 1,329                                                       |   |   | -                                                            |   |   | 35                                                           |   |   | 1,096                                                                   |   |
|                                                 |   |   |                                                        |   |   |   |                                                        |   |   |                                                         |   |   |                                                         |   |   |                                                                    |   |
| **Operating                  Expenses**              |   |   |                                                        |   |   |   |                                                        |   |   |                                                         |   |   |                                                         |   |   |                                                                    |   |
| Administrative                  Expenses             |   |   | 6,130                                                       |   |   |   | 7,220                                                       |   |   | 3,731                                                        |   |   | 2,318                                                        |   |   | 25,017                                                                  |   |
| Professional                  fees                   |   |   | 22,868                                                      |   |   |   | 2,634                                                       |   |   | 2,000                                                        |   |   | 1,200                                                        |   |   | 35,226                                                                  |   |
| **Total                  Operating Expenses**        |   |   | 28,998                                                      |   |   |   | 9,854                                                       |   |   | 5,731                                                        |   |   | 3,518                                                        |   |   | 60,243                                                                  |   |
|                                                 |   |   | **                     **                    |   |   |   | **                      **              |   |   | **                      **               |   |   | **                      **               |   |   | **                      **                          |   |
| **Net                  Income (Loss)**               |   | $      | (28,998                                                     | )      |   | $      | (8,525                                                      | )      | $      | (5,731                                                       | )      | $      | (3,483                                                       | )      | $      | (59,147                                                                 | )      |
|                                                 |   |   |                                                        |   |   |   |                                                        |   |   |                                                         |   |   |                                                         |   |   |                                                                    |   |
|                                                 |   |   |                                                        |   |   |   |                                                        |   |   |                                                         |   |   |                                                         |   |   |                                                                    |   |
| **Basic                  earnings (loss) per share** |   | $      | (0.01                                                       | )      |   | $      | (0.00                                                       | )      | $      | (0.00                                                        | )      | $      | (0.00                                                        | )      |   |                                                                    |   |
|                                                 |   |   |                                                        |   |   |   |                                                        |   |   |                                                         |   |   |                                                         |   |   |                                                                    |   |
| **Weighted                  average number of**      |   |   |                                                        |   |   |   |                                                        |   |   |                                                         |   |   |                                                         |   |   |                                                                    |   |
| **common                  shares outstanding**       |   |   | 2,510,909                                                   |   |   |   | 2,500,000                                                   |   |   | 2,532,967                                                    |   |   | 2,500,000                                                    |   |   |                                                                    |   |

***See        Notes to Financial        Statements.***

----

| **MYSTICA                CANDLE, CORP.**                                                |
|-----------------------------------------------------------------------------------------|
| **(A                Development Stage Company)**                                        |
| **Statement                of Changes in Stockholders' Equity**                         |
| **From                June 24, 2005 (Inception) through March 31,                2008** |
| **(Unaudited)**                                                                         |

|                                                                           |         |               |                     |               |   |                     |   |            |                     |               |   |
|--------------------------------------------------------------------------------|--------------|--------------------|--------------------------|--------------------|--------|--------------------------|--------|-----------------|--------------------------|--------------------|--------|
|                                                                           |         |               |                     |               |   |                     |   | **Deficit**     |                     |               |   |
|                                                                           |         | **Common**         |                     | **Common**         |   | **Additional**           |   | **Accumulated** |                     |               |   |
|                                                                           |         | **Stock**          |                     | **Stock**          |   | **Paid-in**              |   | **During**      |                     | **Total**          |   |
|                                                                           |         |               |                     | **Amount**         |   | **Capital**              |   | **Development** |                     |               |   |
|                                                                           |         |     |                     |     |   |           |   | **Stage**       |                     |     |   |
|                                                                           |         |               |                     |               |   |                     |   |            |                     |               |   |
|                                                                           |         |               |                     |               |   |                     |   |            |                     |               |   |
| **Balance,                  June 24, 2005**                                    |         |               | **-**                    |               | **$**  | **-**                    |   | **$**           | **-**                    |               | **$**  | **-** |   | **$** | **-** |   |
|                                                                           |         |               |                     |               |   |                     |   |            |                     |               |   |   |   |   |   |   |
| Stock                  issued for cash on June 24, 2005                        |         |               |                     |               |   |                     |   |            |                     |               |   |   |   |   |   |   |
| @                  $0.005 per share                                            |         |               | 750,000                  |               |   | 750                      |   |            | 3,000                    |               |   |   |   |   | 3,750 |   |
|                                                                           |         |               |                     |               |   |                     |   |            |                     |               |   |   |   |   |   |   |
| Stock                  issued for cash on June 24, 2005                        |         |               |                     |               |   |                     |   |            |                     |               |   |   |   |   |   |   |
| @                  $0.005 per share                                            |         |               | 750,000                  |               |   | 750                      |   |            | 3,000                    |               |   |   |   |   | 3,750 |   |
|                                                                           |         |               |                     |               |   |                     |   |            |                     |               |   |   |   |   |   |   |
| Net                  loss, June 30, 2005                                       |         |               |                     |               |   |                     |   |            |                     |               |   |   |   |   | - |   |
|                                                            |    |               |      |               |   |                |   |            |                |               |   |       |   |   |      |   |
| **Balance,                  June 30, 2005**                                    |    |               | **1,500,000**            |               |   | **1,500**                |   |            | **6,000**                |               |   | **-** |   |   | **7,500** |   |
|                                                                           |         |               |                     |               |   |                     |   |            |                     |               |   |   |   |   |   |   |
| Stock                  issued for cash on March 14, 2006                       |         |               | 1,000,000                |               |   | 1,000                    |   |            | 49,000                   |               |   |   |   |   | 50,000 |   |
|                                                                           |         |               |                     |               |   |                     |   |            |                     |               |   |   |   |   |   |   |
| Net                  loss, June 30, 2006                                       |         |               |                     |               |   |                     |   |            |                     |               |   | (14,068 | ) |   | (14,068 | ) |
|                                        |    |               |      |               |   |      |   |            |      |               |   |      |   |   |      |   |
| **Balance,                  June 30, 2006**                                    |    |               | **2,500,000**            |               |   | **2,500**                |   |            | **55,000**               |               |   | **(14,068.00** | **)** |   | **43,432** |   |
|                                                                           |         |               |                     |               |   |                     |   |            |                     |               |   |   |   |   |   |   |
| Net                  loss, June 30, 2007                                       |         |               |                     |               |   |                     |   |            |                     |               |   | (16,081 | ) |   | (16,081 | ) |
|                                   |    |               |           |               |   |           |   |            |           |               |   |     |   |   |     |   |
| **Balance,                  June 30, 2007**                                    |    |               | **2,500,000**            |               |   | **2,500**                |   |            | **55,000**               |               |   | **(30,149.00** | **)** |   | **27,351** |   |
|                                                                           |         |               |                     |               |   |                     |   |            |                     |               |   |   |   |   |   |   |
| Stock                  issued for cash Feb 7, 2008                             |         |               | 55,556                   |               |   | 56                       |   |            | 49,944                   |               |   |   |   |   | 50,000 |   |
|                                                                           |         |               |                     |               |   |                     |   |            |                     |               |   |   |   |   |   |   |
| Net                  loss, March 31, 2008                                      |         |               |                     |               |   |                     |   |            |                     |               |   | (28,998 | ) |   | (28,998 | ) |
|               |    |               |           |               |   |           |   |            |           |               |   |     |   |   |     |   |
| **Balance,                  March 31, 2008**                                   |    |               | **2,555,556**            |               | **$**  | **2,556**                |   | **$**           | **104,944**              |               |   | **(59,147** | **)** |   | **48,353** |   |

***See      Notes to Financial      Statements.***

----

| **MYSTICA                  CANDLE, CORP.**         |
|----------------------------------------------------|
| **(A                  Development Stage Company)** |
| **Statement                  of Cash Flows**       |
| **(Unaudited)**                                    |

|                                                                                        |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |
|---------------------------------------------------------------------------------------------|--------|----------------------------------|------------------------------------------|----------------------------------|--------|------------------------------------------------|--------|-----------------------------------|------------------------------------------------|-------------------------------------------------|--------|
|                                                                                        |   | **Nine                  Months** |                                     | **Nine                  Months** |   | **Three                  Months**              |   | **Three                  Months** |                                           | **June                    24, 2005**(inception) |   |
|                                                                                        |   | **Ended**                        |                                     | **Ended**                        |   | **Ended**                                      |   | **Ended**                         |                                           | **through**                                     |   |
|                                                                                        |   | **March                  31,**   |                                     | **March                  31,**   |   | **March                  31,**                 |   | **March                  31,**    |                                           | **March                  31,**                  |   |
|                                                                                        |   | **2008**                         |                                     | **2007**                         |   | **2008**                                       |   | **2007**                          |                                           | **2008**                                        |   |
|                                                                                        |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |
| **CASH                  FLOWS FROM OPERATING ACTIVITIES**                                   |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |
|                                                                                        |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |
| Net                  income (loss)                                                          |   | $                                | (28,998                                  | )                                | $      | (8,525                                         | )      | $                                 | (5,731                                         | )                                               | $      | (3,483 | ) | $ | (59,147 | ) |
| Adjustments                  to reconcile net loss to net cash                              |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   |   |   |
| provided                  by (used in) operating activities:                                |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   |   |   |
| Depreciation                                                                                |   |                             | 2,925                                    |                             |   | 2,574                                          |   |                              | 975                                            |                                            |   | 975 |   |   | 6,780 |   |
| (Increase)                  decrease in Subscription Receivable                             |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   |   |   |
| Changes                  in operating assets and liabilities:                               |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   |   |   |
| Decrease                  (increase) in inventory                                           |   |                             |                                     |                             |   | 138                                            |   |                              |                                           |                                            |   | 15 |   |   | (1,469 | ) |
| Increase                  in (decrease) in accounts payable                                 |   |                             | 2,639                                    |                             |   | 1,110                                          |   |                              | (8,552                                         | )                                               |   | 1,200 |   |   | 2,639 |   |
| ***Net                  cash provided by (used in) operating                  activities*** |   |                             | (23,434                                  | )                                |   | (4,703                                         | )      |                              | (13,308                                        | )                                               |   | (1,293 | ) |   | (51,197 | ) |
|                                                                                        |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   |   |   |
| **CASH                  FLOWS FROM INVESTING ACTIVITIES**                                   |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   |   |   |
| ** **                  Acquisition of Equipment                                        |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   | (9,500 | ) |
|                                                                                        |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   |   |   |
| Increase                  in leasehold improvement                                          |   |                             | -                                        |                             |   | 9,500                                          |   |                              | -                                              |                                            |   | - |   |   | (10,000 | ) |
| ***Net                  cash provided by (used in) investing                  activities*** |   |                             | -                                        |                             |   | (9,500                                         | )      |                              | -                                              |                                            |   | - |   |   | (19,500 | ) |
|                                                                                        |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   |   |   |
| **CASH                  FLOWS FROM FINANCING ACTIVITIES**                                   |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   |   |   |
|                                                                                        |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   |   |   |
| Proceeds                  from issuance of common stock                                     |   |                             | 50,000                                   |                             |   |                            |   |                              | 50,000                                         |                                            |   |      |   |   | 107,500 |   |
| ***Net                  cash provided by (used in) financing                  activities*** |   |                             | 50,000                                   |                             |   | **-**                                          |   |                              | 50,000                                         |                                            |   | **-** |   |   | 107,500 |   |
|                                                                                        |   |                             | **                     ** |                             |   | **                      ** |   |                              | **                      ** |                                            |   | **                     ** |   |   | **                     ** |   |
|                                                                                        |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   |   |   |
| ***Net                  increase (decrease) in cash***                                      |   |                             | 26,566                                   |                             |   | (14,203                                        | )      |                              | 36,692                                         |                                            |   | (1,293 | ) |   | 36,803 |   |
|                                                                                        |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   |   |   |
| ***Cash                  at beginning of period***                                          |   |                             | 10,237                                   |                             |   | 32,179                                         |   |                              | 111                                            |                                            |   | 19,269 |   |   | **-** |   |
| ***Cash                  at end of period***                                                |   | $                                | 36,803                                   |                             | $      | 17,976                                         |   | $                                 | 36,803                                         |                                            | $      | 17,976 |   | $ | 36,803 |   |
|                                                                                        |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   |   |   |
| **SUPPLEMENTAL                  DISCLOSURES OF CASH FLOW INFORMATION**                      |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |
|                                                                                        |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   |   |   |
| Cash                  paid during year for :                                                |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   |   |   |
|                                                                                        |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   |   |   |
| Interest                                                                                    |   | $                                | -                                        |                             | $      | -                                              |   | $                                 | -                                              |                                            | $      | - |   | $ | - |   |
|                                                                                        |   |                             |                                     |                             |   |                                           |   |                              |                                           |                                            |   |   |   |   |   |   |
| Income                  Taxes                                                               |   | $                                | -                                        |                             | $      | -                                              |   | $                                 | -                                              |                                            | $      | - |   | $ | - |   |

***See      Notes to Financial      Statements.***

----

**MYSTICA            CANDLE CORP.**

**(A            Development Stage Company)**

**Notes            to Financial Statements**

**December            31, 2007**

**(Unaudited)**

**NOTE      1. ORGANIZATION AND DESCRIPTION OF BUSINESS**

**NOTE      2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**a.      **
**Basis      of Accounting**

**b.      **
**Cash      Equivalents**
** **

**c.      **
**Inventory**
** **

**d.      **
**Property      and Equipment**

**e.      **
**Revenue      Recognition**

**f.      **
**Income      Taxes**

----

**MYSTICA            CANDLE CORP.**

**(A            Development Stage Company)**

**Notes            to Financial Statements**

**December            31, 2007**

**(Unaudited)**

**NOTE      2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)**

**g.      **
**Basic      Earnings per Share**
** **

**h.      **
**Use      of Estimates and Assumptions**

**i.      Recent Accounting Pronouncements**

----

**MYSTICA            CANDLE CORP.**

**(A            Development Stage Company)**

**Notes            to Financial Statements**

**December            31, 2007**

**(Unaudited)**

**NOTE      3. GOING CONCERN**

**NOTE      4. WARRANTS AND OPTIONS**

**NOTE      5. PROPERTY AND EQUIPMENT**

|                                                |   | **March                31, 2008** |               | **June                30, 2007** |   |
|-----------------------------------------------------|--------|-----------------------------------|--------------------|----------------------------------|--------|
|                                                |   |                              |               |                             |   |
| Equipment                                           |   | $                                 | 19,500             |                             | $      | 19,500 |   |
|                                                |   |                              |               |                             |   |   |   |
| Total                Fixed Assets                   |   |                              | 19,500             |                             |   | 19,500 |   |
|                                                |   |                              |               |                             |   |   |   |
| ***Less:                Accumulated Depreciation*** |   |                              | (6,780             | )                                |   | (3,855 | ) |
|                                                |   |                              |               |                             |   |   |   |
| Net                Fixed Assets                     |   | $                                 | 12,720             |                                  | $      | 15,645 |   |
|                                                |   |                              |     |                             |   |     |   |

----

**MYSTICA            CANDLE CORP.**

**(A            Development Stage Company)**

**Notes            to Financial Statements**

**December            31, 2007**

**(Unaudited)**

**NOTE      6. RELATED PARTY TRANSACTION**

**NOTE      **
**7.      NET OPERATING LOSSES**

***NOTE***
***8.      INCOME TAXES***

|                                           |   | **As                of March 31,****2008** |                           | **As                of June 30,****2007** |   |
|------------------------------------------------|--------|--------------------------------------------|--------------------------------|-------------------------------------------|--------|
|                                           |   |                                       |                           |                                      |   |
| Deferred                tax assets:            |   |                                       |                           |                                      |   |
| Net                operating tax carryforwards |   | $                                          | 8,872                          |                                      | $      | 4,522 |   |
| Other                                          |   |                                       | -0-                            |                                      |   | -0- |   |
| Gross                deferred tax assets       |   |                                       | 8,872                          |                                      |   | 4,522 |   |
| Valuation                allowance             |   |                                       | (8,872                         | )                                         |   | (4,522 | ) |
|                                           |   |                                       |                           |                                      |   |   |   |
|                                           |   |                                       |       |                                      |   |         |   |
| Net                deferred tax assets         |   | $                                          | -0-                            |                                      | $      | -0- |   |

**NOTE      9. STOCK TRANSACTIONS**

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**MYSTICA            CANDLE CORP.**

**(A            Development Stage Company)**

**Notes            to Financial Statements**

**December            31, 2007**

**(Unaudited)**

**NOTE      10. STOCKHOLDERS’ EQUITY**

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**MYSTICA            CANDLE CORP.**

**(A            Development Stage Company)**

**Notes            to Financial Statements**

**December            31, 2007**

**(Unaudited)**

**Item      2. Management’s Discussion and Analysis or Plan of      Operation**

*Plan      of Operation*

*Results      of Operations*

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**MYSTICA            CANDLE CORP.**

**(A            Development Stage Company)**

**Notes            to Financial Statements**

**December            31, 2007**

**(Unaudited)**

*Liquidity      and Capital Resources*

*Off-Balance      Sheet Arrangements*

**Item      3. Controls and Procedures**

*Evaluation      of Disclosure Controls and Procedures*

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**PART      II - OTHER INFORMATION**

**Item      2. Unregistered Sales of Equity Securities and Use of      Proceeds**

**Item      6. Exhibits**

| Exhibit No.  | Description |
|-------------------|-------------|
| 31.1 | Sec.                302 Certification of Principal Executive Officer and Principal Financial                Officer |
|------|---------------------------------------------------------------------------------------------------------------------|

| 32.1 | Sec.                906 Certification of Chief Executive Officer and Chief Financial                Officer |
|------|-------------------------------------------------------------------------------------------------------------|

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**SIGNATURES**

|                                              |                                                                                                  |                                |
|---------------------------------------------------|-------------------------------------------------------------------------------------------------------|-------------------------------------|
|                                              | MYSTICA              CANDLE              CORP.                                                        |
|                                         |                                                                                             |                           |
| Date: May              20,              2008 | By:                                                                                         | /s/ Jon              Suk  |
|                                              | Name: Jon              Suk                                                                       |
|                                              | Title: Principal                Executive Officer and Principal Financial                Officer |

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