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SUBSEQUENT EVENTS
6 Months Ended
Feb. 28, 2023
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
The Company has evaluated all events subsequent to the balance sheet date as of February 28, 2023 through the date of issuance of these consolidated financial statements and has determined that, except as set forth below, there are no subsequent events that require disclosure.
On March 10, 2023, the Company executed a lease agreement for land in Escuintla, Guatemala for the purpose of constructing a new warehouse club, which it expects to open in the fall of 2023. The lease agreement will result in the recognition of a lease liability and right-of-use asset of approximately $1.5 million.
On March 31, 2023, the Company executed a purchase agreement for land in Santa Ana, El Salvador for the purpose of constructing a new warehouse club, which it expects to open in early 2024.