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Related Party Transactions
 12 Months Ended
Aug. 31, 2022
Related Party Transactions [Abstract]  
Related Party Transactions

Note 4 – Related Party Transactions

 

During the year ended August 31, 2022, and August 31, 2021, the Company paid approximately of $1,370,250 and $878,781 as compensation to other officers and directors.

 

Cannabics Inc. (the parent company) balance as of August 31, 2022, and at August 31, 2021 was $223,645. The advance is due on demand and bears no interest.

 

During the year ended August 31, 2022, the Company recorded a non cash expense of $728,869 as share based payment, to the company chairman, board members and advisor, compared to none for the year ended August 31, 2021.