INTANGIBLE ASSETS AND GOODWILL (Tables)

12 Months Ended

Aug. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consist of the following as of August 31, 2020 and 2019:

		As of August 31, 2020						As of August 31, 2019
Description	Weighted Average Estimated Useful Life	Gross Carrying Value		Accumulated Amortization		Net Amount		Gross Carrying Value		Accumulated Amortization		Net Amount
Trade name	6 years	$	1,400	$	(1,400)	$	—	$	2,600	$	(1,011)	$	1,589
Non-compete agreement	4 years	2,370		(1,370)		1,000		2,370		(856)		1,514
		$	3,770	$	(2,770)	$	1,000	$	4,970	$	(1,867)	$	3,103

Schedule of estimated remaining amortization expense

The estimated remaining amortization expense for each of the five succeeding fiscal years:

Year ended August 31,
2021	$	447
2022	314
2023	239
	$	1,000

Schedule of goodwill

The following table summarizes the carrying amount of goodwill as of August 31, 2020 and 2019:

	Acquisition Date
Dank Bottles	November 2015	$	2,377
CMP Wellness	May 2017	30,612
Summit	May 2018	15,450
Hybrid	July 2018	3,828
		$	52,267