Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENT OF CASH FLOWS

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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
9 Months Ended
May. 31, 2015
May. 31, 2014
Cash flows used in operating activities    
Net (loss) from continued operations $ (1,367,688) $ (797,156)
Income (loss) from discontinued operations 48,918 157,218
Net (loss) for the period (1,318,770) (639,938)
Adjustments to reconcile net loss to net cash used in operating activities:    
Consulting - Stock based compensation 196,998 0
Depletion 0 117,716
MMJ Joint Venture 222,662 0
Other non-cash items 48,039 (23,497)
Change in operating assets and liabilities:    
(Increase)/Decrease in accounts receivable 75,371 30,675
(Increase)/Decrease in inventory (79,344) 0
(Increase)/ Decrease in prepaid expenses and deposit (32,376) (418,031)
Increase in accounts payable and accrued liabilities (32,718) (36,423)
Net cash used in operating activities (920,138) (969,498)
Cash flows used in investing activities    
Oil and gas property acquisition and exploration costs 0 80,042
Proceeds from sale of oil and gas property 721,806 0
Patent (40,955) 0
Net cash used in investing activities 680,851 80,042
Cash flows from financing activities    
Payments of loan payable (98,742) (403,150)
Proceeds from private placement, convertible debt, 467,100 2,104,950
Net cash from financing Activities 368,358 1,701,800
Increase (Decrease) in cash and cash equivalents 129,071 812,344
Cash and cash equivalents, beginning of year 703,030 65,542
Cash and cash equivalents, end of year 832,101 877,886
Supplemental information of cash flows:    
Interest paid in cash 98,742 58,625
Income taxes paid in cash $ 0 $ 0