STOCKHOLDERS' EQUITY

6 Months Ended

Feb. 28, 2021

Equity [Abstract]

EQUITY

NOTE 13 – STOCKHOLDERS’ EQUITY

The Company has 173,434,446 and 46,661,417 common shares issued and outstanding as of February 28, 2021 and August 31, 2020, respectively. These common shares were held by approximately 531 and 520 shareholders of record at February 28, 2021 and August 31, 2020, respectively. The Company has 100,000 and 0 series A preferred shares issued and outstanding as of February 28, 2021 and August 31, 2020, respectively. The Company has 20,000 and 0 series B preferred shares issued and outstanding as of February 28, 2021 and August 31, 2020, respectively. The Company has 280,025 and 0 series C preferred shares issued and outstanding as of February 28, 2021 and August 31, 2020, respectively.

The Company has the following equity activities during the six months ended February 28, 2021:

Common shares

• The Company issued 19,000,000 shares of common stock for cash at $0.0140 per share.

• The Company issued 25,406,238 shares of common stock from note conversion. Refer to Note 8 for further details.

• The Company issued 56,407,922 shares of common stock from warrant exercises. Refer to Note 9 for further details.

• 261,111 shares of common stock returned to the Company due to officer resignations.

• The Company issued 15,220,000 shares of put shares for cash at $0.015312, $0.014256, $ 0.01452, 0.077528, or 0.09856 per share.

• As stock-based compensation the Company issued 500,000 shares to the Chief Investment Offer and 1,000,000 shares to the Chief Executive Officer.

• The Company issued 9,500,000 shares of stock for consulting services.

Preferred shares

The Company authorized 10,000,000 shares of preferred shares with a par value $0.001. During the six months ended February 28, 2021, the Company issued 100,000 shares of Series A Preferred shares at par value $0.001, 20,000 shares of Series B Preferred shares at $16 per share, and 280,025 shares of Series C Preferred shares at $0.8696 per share

Warrant shares

• The Company canceled 13,920 warrant shares with Crown Bridge and Armanda Partners.  

• Peak One Opportunities exercised the remaining 10% of the 10,000 warrant shares issued on December 9, 2019 and 100% 750,000 warrant shares issued on July 30, 2020.

• EMA Financial exercised all 30,000 warrant shares issued on January 17, 2020.