- BUSINESS COMBINATION (Tables)

6 Months Ended

Nov. 30, 2019

- BUSINESS COMBINATION (Tables) [Abstract]

Presented below is a summary of the purchase price allocations for the business combination

Presented below is a summary of the purchase price allocations for the business combination:

Assets acquired:
Cash and Cash Equivalents	$	70,854
Accounts Receivable		2,528
Inventory		75,000
VAT Tax Receivable		368
Prepaid Expenses		10,467
Property and Equipment		83,253
Total identifiable assets acquired		242,470
Liabilities assumed:
Accounts Payable		47,109
Accrued Liabilities		7,414
Advances from Related Parties		203,622
Total identifiable liabilities assumed		258,145
Net identifiable assets acquired		(15,675)
Goodwill		65,675
Total purchase price allocation	$	50,000

The following unaudited pro forma financial results reflects the historical operating results of the Company

The following unaudited pro forma financial results reflects the historical operating results of the Company, including the unaudited pro forma results of Grow Factory for the six months ended November 30, 2018, respectively, as if this business combination had occurred as of June 1, 2017. The pro forma financial information set forth below reflects adjustments to the historical data of the Company to give effect to each of these acquisitions and the related equity issuances as if each had occurred on June 1, 2017. The pro forma information presented below does not purport to represent what the actual results of operations would have been for the periods indicated, nor does it purport to represent the Company's future results of operations. The following table summarizes on an unaudited pro forma basis the Company's results of operations for the six months ended November 30, 2018:

		2018
Net revenue	$	-
Net loss		(38,200)
Net loss per share - basic and diluted	$	(0.00)
Weighted average number of shares of common stock outstanding - basic and diluted		57,100,000