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ORGANIZATION AND BASIS OF PRESENTATION
3 Months Ended
Nov. 30, 2021
Accounting Policies [Abstract]  
Business Description and Basis of Presentation [Text Block]

NOTE 1: ORGANIZATION AND BASIS OF PRESENTATION

 

Nowtransit Inc. (the “Company”, “us”, “we”) was incorporated in the State of Nevada on July 8, 2019. We have not generated any revenues, have minimal assets and have incurred losses since inception. We were formed to engage in the online delivery business, but in connection with the Change of Control described in the following paragraph, the Company has terminated its plans in the online delivery business. Since the Change of Control, we commenced seeking new business opportunities in the United States.

 

On April 2, 2021, Justin Earl purchased from the former sole officer Ivan Homici 2,800,000 shares of common stock of the Company, for a total purchase price of $28,000 (the “Change of Control”). The Change of Control was affected pursuant to a Stock Purchase Agreement dated April 2, 2021 by and among Mr. Earl as the purchaser, and Mr. Homici, the Company’s majority stockholder and sole director and officer, as the seller.  Following the Change of Control, Mr. Earl owns 2,800,000 shares of common stock, which constitutes approximately 51.3% of the common stock issued and outstanding.

 

On July 29, 2021, Mr. Homici resigned as the Company’s director, President, Treasurer and Secretary and was replaced in each such role by Mr. Earl.