3. EQUITY (Tables)

9 Months Ended

Nov. 30, 2020

Equity [Abstract]

Stock option activity

Options Granted	# of Options		Weighted Avg. Exercise price		Weighted Avg. Grant date fair value		Weighted Avg remaining life (in years)
Outstanding at March 1, 2020		-		-		-		-
Granted		3,000,000	$	0.50	$	1,417,640		10
Exercised		-		-		-		-
Forfeited and expired		-		-		-		-
Outstanding at November30, 2020		3,000,000	$	0.50	$	1,417,640		10
Vested at November 30, 2020		3,000,000	$	0.50	$	1,417,640		10

Valuation assumptions

Expected life	10 years
Volatility		120.59	%
Dividend yield		0	%
Risk free interest rate		0.59	%