Related Party Transactions

3 Months Ended

Nov. 30, 2023

Related Party Transactions [Abstract]

Related Party Transactions

Note 2 – Related Party Transactions

During the three months ending November 30, 2023, the Company paid $16,685 in salaries expenses, including socials benefits, to two directors, compared to non for the three months ending November 30, 2022.

In addition, During the three months ending November 30, 2023 the Company accrued $85,670 in salaries, including socials benefits, to our CEO and chairman. compared to $113,869 for the three months ending November 30, 2022.

As of November 30, 2023, the Company had a balance outstanding payable to two directors: Gabriel Yariv and Eyal Barad in the total of $698,854.

During the three months ending November 30, 2023, the Company recorded a non cash expense of $34,975 as share-based expense, to the board chairman.

The Company had a balance outstanding at November 30, 2023 and at November 30, 2022 of $223,645 payable to Cannabics, Inc. The advance is due on demand and bears no interest.