Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities

v3.22.2
Marketable Securities
9 Months Ended
May 31, 2022
Marketable Securities  
Marketable Securities

18. Marketable Securities

 

The components of Marketable Securities were as follows:

 

 

 

Cost

Basis $

 

 

Unrealized

Gains $

 

 

Unrealized

Losses $

 

 

Total

$

 

August 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Common stock

 

 

1,037,025

 

 

 

16,243

 

 

 

(219,427 )

 

 

 

Total

 

 

1,037,025

 

 

 

16,243

 

 

 

(219,427 )

 

 

833,841

 

May 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock

 

 

278,107

 

 

 

58,893

 

 

 

(882,809 )

 

 

(545,809 )

Total

 

 

1,315,132

 

 

 

75,136

 

 

 

(1,102,236 )

 

 

288,032

 

 

Unrealized gains and losses on marketable securities are derived from Hill Street Beverage Company Inc. (“Hill Street”) (TSX-V: HILL) common stock holdings and are due, in Managements opinion, to economic uncertainties in the market sector.  Management views the unrealized losses as temporary impairments based on our evaluation of available evidence.