Lexaria Bioscience Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

Related Party Transactions

3 Months Ended

Nov. 30, 2020

15.

Related Party Transactions

					November 30						November 30
					2020						2019
	Contract		Non Cash		Total		Contract		Non Cash		Total
Management, consulting and director services	$		$		$		$		$		$
CAB Financial Services⁽¹⁾		67,537		—		67,537		65,757		—		65,757
M&E Services Ltd.⁽¹⁾		31,822		—		31,822		29,382		—		29,382
Docherty Management Limited⁽¹⁾		52,579		—		52,579		56,730		—		56,730
Directors		17,076		—		17,076		16,717		—		16,717
		169,014		—		169,014		168,586		—		168,586

⁽¹⁾C.A.B. Financial Services is owned by the CEO of the Company, M&E Services Ltd. is owned by the CFO of the Company, and Docherty Management Limited is owned by the President of the Company.

All related party transactions pertain to management and director agreements entered into in the normal course of business (Note 17).

Due to related parties:

Related party transactions are recorded at the exchange amount established and agreed to between the related parties.

As at November 30, 2020, $87,185 (August 31, 2020 - $58,704) was payable to related parties and included in due to related parties.