Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENT OF CASH FLOWS

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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
6 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Cash flows used in operating activities    
Net (loss) for the period $ (686,302) $ (856,681)
Income (loss) from discontinued operations 0 48,918
Net (loss) from operations (686,302) (807,763)
Adjustments to reconcile net loss to net cash used in operating activities:    
Consulting - Stock based compensation 37,948 174,720
Write-off impairment 34,246 0
Foreign exchange (gain)loss 0 0
MMJ Joint Venture 0 15,000
Other non-cash items 9,450 48,040
Change in operating assets and liabilities:    
(Increase)/Decrease in accounts receivable (12,274) 61,984
(Increase)/Decrease in inventory 26,550 (77,588)
(Increase)/ Decrease in prepaid expenses and deposit 103,218 108,707
Increase in accounts payable and accrued liabilities 195,388 (57,176)
Net cash used in operating activities (291,776) (534,076)
Cash flows used in investing activities    
Proceeds from sale of oil and gas property 0 721,806
Patent (12,270) 0
Acquisition of Equipment (2,785) 0
Net cash used in investing activities (15,055) 721,806
Cash flows from financing activities    
Payments of loan payable 0 (98,742)
Proceeds from private placement, convertible debt, options 86,980 0
Liabilities for sale 0 0
Net cash from financing Activities 86,980 (98,742)
Increase (Decrease) in cash and cash equivalents (219,851) 88,988
Cash and cash equivalents, beginning of year 260,075 703,030
Cash and cash equivalents, end of year 40,224 792,018
Supplemental information of cash flows:    
Interest paid in cash 0 98,742
Income taxes paid in cash $ 0 $ 0