Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

v3.5.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Aug. 31, 2016
Aug. 31, 2015
Revenue    
Sales $ 40,718 $ 14,702
Cost of Goods Sold    
Cost of goods sold 45,615 29,883
Gross loss (4,897) (15,181)
Expenses    
Accounting and audit 95,921 52,823
Depreciation 619 0
Insurance 17,237 10,095
Advertising and promotions 185,459 276,560
Bank charges and exchange loss 15,382 850
Stock based compensation 122,015 256,051
Consulting 565,543 835,655
Fees and dues 51,227 54,104
Interest expense from loan payable 2,250 31,544
Investor relation 31,829 18,000
Legal and professional 37,939 45,928
Office and miscellaneous 11,858 18,833
Research and development 9,024 146,466
Rent 28,211 85,650
Telephone 5,781 8,105
Taxes 3,983 3,578
Travel 44,034 101,183
MMJ expense 0 22,664
Inventory write-off 44,040 0
Total Operating Expenses 1,272,352 1,968,089
Loss for the year before other income (1,277,249) (1,983,270)
Income from discontinued operations 0 48,918
Net loss from operations (1,277,249) (1,934,352)
Net loss and comprehensive loss attributable to:    
Common shareholders (1,214,773) (1,770,500)
Non-controlling interest $ (62,476) $ (163,852)
Basic and diluted loss per share from continuing operations $ (0.03) $ (0.04)
Basic and diluted earnings per share from discontinued operations $ 0.00 $ 0.00
Weighted average number of common shares outstanding    
- Basic and diluted 43,840,378 39,700,841