10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

þ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended February 29, 2016

o TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE EXCHANGE ACT

For the transition period from _________ to _________

Commission File Number: 333-172744

GALA GLOBAL INC.

(Name of Small Business Issuer in its charter)

Nevada	42-1771014
(state or other jurisdiction of incorporation or organization)	(I.R.S. Employer I.D. No.)

 2780 South Jones Blvd. #3725

Las Vegas, Nevada 89146

(Address of principal executive offices)

(775) 321-8238

Issuer’s telephone number

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was require to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes   þ   No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definition of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.  (Check one):

Large accelerated filer o      Accelerated filer o     Non-accelerated filer o     Smaller reporting company þ

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes o     No þ 

APPLICABLE ONLY TO CORPORATE ISSUERS

As of April 6, 2016 the registrant had 136,922,353 shares of common stock outstanding.

GALA GLOBAL INC.

Condensed Consolidated Financial Statements

(unaudited)

For the Three Month Periods Ended February 29, 2016 and February 28, 2015

Condensed Consolidated Balance Sheets (unaudited)	3
Condensed Consolidated Statements of Operations (unaudited)	4
Condensed Statements of Changes in Stockholders’ Deficit (unaudited)	5
Condensed Consolidated Statements of Cash Flows (unaudited)	6
Notes to the Condensed Consolidated Financial Statements (unaudited)	7

2                

GALA GLOBAL INC.

Condensed Consolidated Balance Sheets

(unaudited)

	February 29, 2016 $	November 30, 2015 $
ASSETS
Current assets
Cash	13,877	1,804
Inventory	2,241	2,701
Prepaid expenses – related parties	14,271	2,917
Total assets	30,389	7,422
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Accounts payable and accrued liabilities	12,645	28,050
Accounts payable and accrued liabilities – related party	61,334	130,061
Due to related parties	249,335	255,295
Loan payable	20,000	–
Loans payable - related parties	10,200	58,005
Total liabilities	353,514	471,411
Going concern (Note 1)
Commitments (Note 7)
STOCKHOLDERS’ DEFICIT
Preferred stock Authorized: 10,000,000 shares with a par value of $0.001 per share
Issued and outstanding: 500,000 and nil shares, respectively.	500	–
Common stock Authorized: 500,000,000 shares with a par value of $0.001 per share
Issued and outstanding: 136,922,353 and 130,047,353 shares, respectively.	136,922	130,047
Additional paid-in capital	651,183	472,501
Deficit	(1,111,730)	(1,066,537)
Total stockholders’ deficit	(323,125)	(463,989)
Total liabilities and stockholders’ deficit	30,389	7,422

(The accompanying notes are an integral part of these condensed consolidated unaudited financial statements)

3                

GALA GLOBAL INC.

Condensed Consolidated Statements of Operations

(unaudited)

	Three months ended February 29, 2016 $	Three months ended February 28, 2015 $
Operating expenses
Consulting fees	17,500	227,450
Consulting fees – related party	6,458	–
General and administrative	11,919	21,879
General and administrative – related party	9,000	–
Option expense on failed property acquisition - related party	–	10,500
Total operating expenses	44,877	259,829
Loss before other income (expenses)	(44,877)	(259,829)
Other income (expense)
Interest income	–	116
Interest expense	(316)	–
Total other income (expense)	(316)	116
Net loss	(45,193)	(259,713)
Net loss per share, basic and diluted	(0.00)*	(0.00)*
Weighted average common shares outstanding	135,203,603	121,227,912

‘* denotes a loss of less than $(0.01).

(The accompanying notes are an integral part of these condensed consolidated unaudited financial statements)

4                

GALA GLOBAL INC.

Consolidated Statements of Changes in Stockholders’ Deficit

(unaudited)

	Preferred stock		Common stock		Additional paid-in
	Shares	Par value $	Shares	Par value	capital	Deficit	Total
	#	$	#	$	$	$	$
Balance, November 30, 2015	–	–	130,047,353	130,047	472,501	(1,066,537)	(463,989)
Shares issued for consulting services – related party	–	–	4,375,000	4,375	66,562	–	70,937
Shares issued for consulting services	–	–	2,500,000	2,500	40,000	–	42,500
Shares issued for conversion of debt	500,000	500	–	–	72,120	–	72,620
Net loss for the period	–	–	–	–	–	(45,193)	(45,193)
Balance, February 29, 2016	500,000	500	136,922,353	136,922	651,183	(1,111,730)	(323,125)

(The accompanying notes are an integral part of these condensed consolidated unaudited financial statements)

5                

GALA GLOBAL INC.

Consolidated Statements of Cash Flows

(unaudited)

	For the Three Months Ended February 29, 2016 $		For the Three Months Ended February 28, 2015 $
Operating activities
Net loss	(45,193)	(259,713)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	17,500	227,450
Changes in operating assets and liabilities:
Inventory	460	(116)
Prepaid expenses	6,458	(3,750)
Accounts payable and accrued liabilities	9,595	–
Accounts payable and accrued liabilities – related party	9,213	(2,538)
Net cash used in operating activities	(1,967)	(38,667)
Investing activities
Advances under loan receivable	–	(12,467)
		–
Net cash used in investing activities	–	(12,467)
Financing activities
Proceeds from related party debt	–	51,134
Repayments of related party debt	(5,960)	–
Proceeds from loan payable	20,000	–
Net cash provided by financing activities	14,040	51,134
Increase in cash	12,073	–
Cash, beginning of period	1,804	–
Cash, end of period	13,877	–
Non-cash investing and financing activities:
Common shares issued for consulting services	17,500	–
Preferred shares issued to settle related party payables	24,167	–
Preferred shares issued to settle related party debt	48,453	–
Supplemental disclosures:
Interest paid	–	–
Income tax paid	–	–

(The accompanying notes are an integral part of these condensed consolidated unaudited financial statements)

6                

GALA GLOBAL INC.

Notes to the Condensed Consolidated Financial Statements

For the three months ended February 29, 2016 and February 28, 2015

(unaudited)

1.

Organization and Nature of Operations

Gala Global Inc. (the “Company”) was incorporated in the State of Nevada on March 10, 2010. The Company was formed to provide garment tailoring and alteration services.

On May 19, 2014, a change in control of the Company occurred when IDG Ventures Ltd. sold all of its 3,547,000 common shares, representing 60.04% of our issued and outstanding common shares, in a private share purchase transaction to Messrs Haas, Lefevre and Naccarato.

On June 26, 2014, the Company had a change in management when Mr. Robert Frei resigned as President and Director of the Company and Mr. Lefevre was appointed as his successor. Concurrent with the change of management, the Company acquired two 100% owned subsidiary companies, Cannabis Ventures Inc (USA), incorporated on February 27, 2014 in the state of Nevada and Cannabis Ventures Inc. (Canada), incorporated on April 9, 2014 in Vancouver, British Columbia. Neither of these subsidiary companies had traded prior to their acquisition by the Company other than as described below.

The Company, since its change in management effective June 26, 2014, has expanded into the Hemp and Cannabidiol (“CBD”) industry. The expansion is focusing on the development, research, and commercialization of products derived from the Hemp and Cannabis plant. The Company currently is finalizing its marketing strategy for a new CBD flavored thin-film strip. The film strip delivery system uses a dissolving film strip that is absorbed in the mouth. The film-strip method is an advanced method of providing CBD for dietary supplement. The Company also is seeking acquisition candidates in this area of interest in the nutraceutical and pharmaceutical industries. The Company also plans to enter into the medical marijuana cultivation industry as approved in the United States and Canada to build legalized cultivation operations.

The Company’s services include the development of cannabinoid based health and wellness products; the development of medical grade compounds; the licensing of proprietary testing, genetics, labeling and packaging, tracking, production, and standardization methods for the medicinal herb industry.

Going Concern

These consolidated financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As at February 29, 2016, the Company has a working capital deficit of $323,125 and an accumulated deficit of $1,111,730. The continuation of the Company as a going concern is dependent upon the continued financial support from its management, and its ability to identify future investment opportunities and obtain the necessary debt or equity financing, and generating profitable operations from the Company’s future operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

2.

Summary of Significant Accounting Policies

a)

Basis of Presentation

The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in U.S. dollars. The Company’s fiscal year end is November 30.

b)

Principles of Consolidation

These consolidated financial statements include the accounts of the Company and its three wholly owned subsidiaries, Cannabis Ventures Inc. (USA), Cannabis Ventures Inc. (Canada), CBD Life, Inc, from the date of their acquisition by the Company effective June 26, 2014. All inter-company transactions and balances have been eliminated on consolidation.

7                

2.

Summary of Significant Accounting Policies (continued)

c)

Use of Estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the recoverability of long-lived assets and investments, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

d)

Interim Financial Statements

The accompanying unaudited financial statements of the Company have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In management’s opinion the financial statements include all adjustments (consisting of normal recurring accruals) necessary in order to make the financial statements not misleading. Operating results for the three months ended February 29, 2016 are not necessarily indicative of the results that may be expected for the year ended November 30, 2016. For more complete financial information, these unaudited financial statements should be read in conjunction with the audited financial statements for the year ended November 30, 2015 included in our Form 10-K filed with the SEC.

e)

Inventory

Inventory is comprised of Vape Mods purchased for resale, and is recorded at the lower of cost or net realizable value on a first-in first-out basis. The Company establishes inventory reserves for estimated obsolete or unsaleable inventory equal to the difference between the cost of inventory and the estimated realizable value based upon assumptions about future market conditions.  

f)

Cash and Cash Equivalents

The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. As of February 28, 2016 and November 30, 2015, there were no cash equivalents.

g)

Financial Instruments

Company’s financial instruments consist principally of cash, accounts payable and accrued liabilities, loans payable to related parties, loan payable, and amounts due to related party. The recorded values of all these financial instruments approximate their current fair values because of the short term nature of these financial instruments.

h)

Income Taxes

The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Accounting for Income Taxes. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

i)

Revenue Recognition

The Company earns revenue from the sale of Vape Mods, which are modified electronic cigarettes and vape pens. Revenue will be recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service has been provided, and collectability is assured.  The Company is not exposed to any credit risks as amounts are prepaid prior to performance of services.  

j)

Stock-based Compensation

The Company records stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. Equity instruments issued to employees and the cost of the services received as consideration are measured and recognized based on the fair value of the equity instruments issued.  

k)

Basic and Diluted Net Loss per Share

The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. No potentially dilutive debt or equity instruments were issued and outstanding during the three months ended February 28, 2016 and 2015.  

l)

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

3.

Related Party Transactions

a)

During the three months ended February 29, 2016, the Company issued 625,000 shares of common stock with a fair value of $10,625 to the Chief Executive Officer of the Company for services as a director of the Company.  The Company incurred consulting services of $6,458 during the quarter ended February 29, 2016. As at February 29, 2016, the Company had a prepaid expense balance of $7,083 (2015 - $2,917) to the Chief Executive Officer of the Company related to these services.

b)

As at February 29, 2016, the Company issued 625,000 common shares with a fair value of $7,187 to the Chief Financial Officer for Chief Financial Officer consulting services to be provided from March 1, 2016 to August 31, 2016. The amount has been included in prepaid expense.

c)

As at February 29, 2016, the Company owed $249,335 (2015 - $255,295) to a company controlled by a significant shareholder of the Company to fund payment of operating expenditures. The amount owed is unsecured, non-interest bearing, and due on demand.

8                

3.

Related Party Transactions (continued)

d)

As at February 29, 2016, the Company owed $61,334 (2015 - $76,500) to a significant shareholder of the Company, which has been recorded in accounts payable and accrued liabilities. The amount is unsecured, non-interest bearing, and due on demand.  During the three months ended February 29, 2016, the Company incurred legal fees of $9,000 (2015 - $nil) to this significant shareholder.  On January 27, 2016, the Company issued 166,666 shares of preferred stock to settle outstanding debt owed to related parties of $24,167.

4.

Loan Payable

On December 29, 2015, the Company issued a $20,000 promissory note to an unrelated party. Under the terms of the note, the amount due is unsecured, bears interest at 3%, and due 180 days from the date of issuance.

5.

Loan Payable - Related Parties

a)

As at February 29, 2016, the Company owed $10,000 (2015 - $10,000) to a company controlled by a significant shareholder of the Company. The amount due is unsecured, non-interest bearing, and due on demand.

b)

As at February 29, 2016, the Company owed $nil (2015 - $42,000) to a significant shareholder of the Company. The amount due is unsecured, bears interest at 3% per annum, and due 180 days from the date of issuance. As at February 29, 2016, accrued interest of $nil (2015 - $435) has been included in accounts payable and accrued liabilities.  On January 27, 2016, the Company issued 333,334 shares of preferred stock to the loan holder as a part of settling all of the outstanding debt and accrued interest.

c)

As at February 29, 2016, the Company owed a $200 (2015 - $200) to the Chief Executive Officer of the Company. The amount due is unsecured, bears interest at 1% per annum, and due 180 days from the date of issuance. As at February 29, 2016, accrued interest of $1 (2015 - $nil) has been included in accounts payable and accrued liabilities.

d)

As at February 29, 2016, the Company owed $nil (2015 - $5,000) to a significant shareholder of the Company. The amount due is unsecured, bears interest at 1% per annum, and due 180 days from the date of issuance. As at February 29, 2016, accrued interest of $nil (2015 - $1) has been included in accounts payable and accrued liabilities.  On January 27, 2016, the Company issued 333,334 shares of preferred stock to the loan holder as a part of settling all of the outstanding debt and accrued interest.

e)

As at February 29, 2016, the Company owed $nil (2015 - $805) to a significant shareholder of the Company. The amount due is unsecured, bears interest at 1% per annum, and due 180 days from the date of issuance.  On January 27, 2016, the Company issued 333,334 shares of preferred stock to the loan holder as a part of settling all of the outstanding debt and accrued interest.

6.

Stockholders’ Equity

(a)

On December 23, 2015, the Company issued 1,250,000 shares of common stock with a fair value of $25,000 to a consultant pursuant to a consulting agreement dated May 1, 2015.

(b)

On December 23, 2015, the Company issued 2,500,000 of shares of common stock with a fair value of $39,063 to the Chief Financial Officer and director of the Company pursuant to the agreement dated September 1, 2015. 1,250,000 shares were issued for the consultant’s services as a director, and 1,250,000 shares for services as the Company’s Chief Financial Officer.

(c)

On December 23, 2015, the Company issued 1,250,000 of shares of common stock with a fair value of $21,250 to the Chief Executive Officer of the Company for the consultant’s services as a director pursuant to the consulting agreement dated September 1, 2015.

(d)

On December 23, 2015, the Company issued 625,000 of shares of common stock with a fair value of $10,625 to the Chief Executive Officer of the Company for services as the Company’s Chief Executive Officer pursuant to the consulting agreement dated June 29, 2015.

(e)

On December 23, 2015, the Company issued 1,250,000 of shares of common stock with a fair value of $17,500 to a consultant pursuant to a consulting agreement dated December 14, 2015.

(f)

On January 27, 2016, the Company issued 500,000 shares of preferred stock to significant shareholders to settle debt of $72,620. Each preferred share is entitled to receive dividends when and if declared by the Company’s board of directors, has 500 to 1 voting power and liquidation rights in the amount of the shares; par value in accordance with the Company’s certificate of designation. Of the 500,000 shares issued, 166,666 shares were issued to a significant shareholder to settle outstanding payables to a significant shareholder of $24,167, and the remaining 333,334 shares are issued to another significant shareholder to settle debts of $42, 638 , $5, 009 , and $ 806 described at Note 5 for a total of $48,453 in outstanding principal and accrued interest.

7.

Commitments

a)

On June 29, 2015, the Company entered into a consulting agreement with the Chief Executive Officer of the Company for consulting services relating to the cannabis industry. Pursuant to the agreement, the Company is to issue 625,000 shares of common stock to the consultant upon execution of the agreement (issued) and every six months thereafter as compensation. Either party may terminate the agreement by providing written thirty days notice.

b)

On September 1, 2015, the Company entered into an agreement with the Chief Executive Officer of the Company for assuming the role as Chief Executive Officer. Pursuant to the agreement, the Company is to issue 1,250,000 shares of common stock to the Chief Executive Officer upon execution and every twelve months thereafter. The agreement shall be terminated upon mutual agreement with the Company and the Chief Executive Officer.

c)

On September 1, 2015, the Company entered into an agreement with the Chief Financial Officer of the Company. Pursuant to the agreement, the Company is to issue 1,250,000 shares of common stock to the Chief Financial Officer upon execution and every twelve months as compensation for being the Chief Financial Officer. The Company shall also issue an additional 625,000 shares of common stock to the Chief Financial Officer upon execution and every six months as compensation for being a director. The agreement shall be terminated upon mutual agreement with the Company and the Chief Financial Officer.

d)

On December 14, 2015, the Company entered into a consulting agreement for marketing and promotion services. Pursuant to the agreement, the consultant is to be compensated by being issued 1,250,000 shares of common stock on an annual basis until the agreement is cancelled or terminated. Either party may terminate the agreement by providing written thirty days notice.

8.

Subsequent Events

We have evaluated subsequent events through to the date of issuance of the financial statements, and did not have any material recognizable subsequent events after February 29, 2016.

9                

ITEM 2 - MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Safe Harbor Statement

This report on Form 10-Q contains certain forward-looking statements.  All statements other than statements of historical fact are “forward-looking statements” for purposes of these provisions, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operation; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statement of assumptions underlying any of the foregoing. Such forward-looking statements are subject to inherent risks and uncertainties, and actual results could differ materially from those anticipated by the forward-looking statements.

These forward-looking statements involve significant risks and uncertainties, including, but not limited to, the following: competition, promotional costs, and risk of declining revenues.  Our actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors.  These forward-looking statements are made as of the date of this filing, and we assume no obligation to update such forward-looking statements.  The following discusses our financial condition and results of operations based upon our financial statements which have been prepared in conformity with accounting principles generally accepted in the United States.  It should be read in conjunction with our financial statements and the notes thereto included elsewhere herein.

The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this Form 10-Q.  The discussions of results, causes and trends should not be construed to imply any conclusion that these results or trends will necessarily continue into the future.

RESULTS OF OPERATIONS

Working Capital

	February 29, 2016 $	November 30, 2015 $
Current Assets	30,389	7,422
Current Liabilities	353,514	471,411
Working Capital (Deficit)	(323,125)	(463,989)

Cash Flows

	Three months ended February 29, 2016 $	Three months ended February 28 2015 $
Cash Flows from (used in) Operating Activities	(1,967)	(38,667)
Cash Flows from (used in) Investing  Activities	-	(12,467)
Cash Flows from (used in) Financing Activities	14,040	51,134
Net Increase (decrease) in Cash During Period	12,073	-

10                

Three Months Ended February 29, 2016 and February 28, 2015

Operating Expenses

During the three months ended February 29, 2016, the Company incurred operating expenses of $44,877 compared with $259,829 during the three months ended February 28, 2015. The decrease in the current period is partially due to a decrease of $203,492 in consulting expense to third parties and related parties relating to business development and marketing services to the Company in exchange for the issuance of common shares. This is because the Company did not obtain services from as many consultants as it did in the prior year. The decrease is also due to a decrease of $9,960 of general and administrative expenses to various third parties and related parties for various professional fees and administrative costs.  The decrease is also contributed by the decrease of $10,500 in option payments for a property acquisition in British Columbia, Canada as the Company terminated the agreement in the prior year and stopped making further payments.  

Net Loss

During the three months ended February 29, 2016, the Company incurred a net loss of $45,193 and a net loss per share of $0.00 compared with a net loss of $259,713 and a net loss per share of $0.00 for the three months ended February 28, 2015 due to the factors discussed above.  

Liquidity and Capital Resources

As of February 29, 2016, the Company has a working capital deficit of $323,125, and an accumulated deficit of $1,111,730. The continuation of the Company as a going concern is dependent upon the continued financial support from its management, and its ability to identify future investment opportunities and obtain the necessary debt or equity financing, and generating profitable operations from the Company’s future operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.  

Cash flow from Operating Activities

During the three months ended February 29, 2016, the Company used $1,967 of cash in operating activities compared to the use of $38,667 of cash for operating activities during the three months ended February 28, 2015 for a decrease of $36,840 in cash used in operating activities. The decrease in cash used for operating activities is due to a decrease in the overall operating activity of the Company compared to prior year.  

Cash flow from Investing Activities

During the three months ended February 29, 2016, the Company used $nil of cash for investing activities compared with $12,467 during the three months ended February 28, 2015. The decrease in the use of cash is due to the fact that the Company had advanced $12,467 to an unrelated party during the period ended February 28, 2015. The Company did not have similar activities during the current year.  

Cash flow from Financing Activities

During the three months ended February 29, 2016, the Company received $14,040 of cash from financing activities compared with $51,134 during the three months ended February 28, 2015.  During the current period, the Company received $20,000 as a loan from an unrelated party, offset by $6,100 paid to a related party for amounts owing. During the prior period, the Company received $51,134 from a related party to fund operating expenditures.  

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

Going Concern

We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive activities. For these reasons, our auditors stated in their report on our audited financial statements that they have substantial doubt that we will be able to continue as a going concern without further financing.

Future Financings

We will continue to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund planned acquisitions and activities.

11                

Critical Accounting Policies

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. A complete summary of these policies is included in note (1) of the notes to our financial statements. In general, management's estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes for the reporting period. Significant areas requiring the use of management estimates relate to the valuation of its mineral leases and claims and our ability to obtain final government permission to complete the project.

Stock-Based Compensation

The Company records stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation, using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. Equity instruments issued to employees and the cost of the services received as consideration are measured and recognized based on the fair value of the equity instruments issued.

Recently Issued Accounting Pronouncements

The Company has reviewed all the recently issued, but not yet effective, accounting pronouncements and does not believe that the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations as reported in its financial statements.

Contractual Obligations

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

12                

ITEM 4.  CONTROLS AND PROCEDURES

Management's Report on Internal Control over Financial Reporting.

Our Internal control over financial reporting is a process that, under the supervision of and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, was designed to provide reasonable assurances regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.  Our internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect our transactions and dispositions of our assets; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of our management and our trustees; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our assets that could have a material effect on our financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that our controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

As management, it is our responsibility to establish and maintain adequate internal control over financial reporting.  As of March 31, 2016, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we evaluated the effectiveness of our internal control over financial reporting using criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO"). Based on our evaluation, we concluded that the Company maintained effective internal control over financial reporting as of March 31, 2016, based on criteria established in the Internal Control Integrated Framework issued by the COSO.

This quarterly report does not include an attestation report of the company's registered public accounting firm regarding internal control over financial reporting.  Management's report was not subject to attestation by the company's registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the company to provide only management's report in this quarterly report.

Evaluation of disclosure controls and procedures.

As of February 29, 2016, the Company's chief executive officer and chief financial officer conducted an evaluation regarding the effectiveness of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Exchange Act.  Based upon the evaluation of these controls and procedures, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were not effective as of the date of filing this annual report applicable for the period covered by this report.

Changes in internal controls.  

During the period covered by this report, no changes occurred in our internal control over financial reporting that materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

13                

PART II – OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

As of February 29, 2016 there are no material pending legal proceedings, other than ordinary routine litigation incidental to our business, to which we or any of our subsidiaries are a party or of which any of our properties is the subject.  Also, our management is not aware of any legal proceedings contemplated by any governmental authority against us.

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS SECURITIES

For the three months ended February 29, 2016, 6,875,000 shares of common stock for consulting services, and 500,000 shares of preferred stock were issued for conversion of debt.  No unregistered sales of equity securities were completed during the three months ended February 29, 2016.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

No senior securities were issued or outstanding during the three months ended February 29, 2016 or February 28, 2015.

ITEM 4.  MINE SAFETY DISCLOSURES

Not applicable to our Company.

ITEM 5.  OTHER INFORMATION

None noted.

14                

ITEM 6.  EXHIBITS

Exhibit Number	Exhibit Description
31.1	Certification of the Chief Executive Officer and Chief Financial Officer Pursuant to Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
EX-101.INS	XBRL Instance Document
EX-101.SCH	XBRL Taxonomy Extension Schema
EX-101.CAL	XBRL Taxonomy Extension Calculation Linkbase
EX-101.LAB	XBRL Taxonomy Extension Label Linkbase
EX-101.PRE	XBRL Taxonomy Extension Presentation Linkbase
EX-101.DEF	XBRL Taxonomy Extension Definition Linkbase

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on our behalf by the undersigned thereunto duly authorized.

	GALA GLOBAL INC.
		(REGISTRANT)
Date:  May 10, 2016	/s/   Calvin Frye
		Calvin Frye
		Chief Executive Officer, Chief Financial Officer and Director
		(Authorized Officer for Registrant)

14                

EX-31.1

EXHIBIT 31.1

CERTIFICATION PURSUANT TO
18 U.S.C. ss 1350, AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Calvin Frye, certify that:

1.  I have reviewed this Annual Report on Form 10-Q of Gala Global Inc.;

2.  Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.  Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.  I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

        a.  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

        b.  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

        c.  Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

        d.  Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.  I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

        a.  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

        b.  Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	May 10, 2016
/s/ Calvin Frye
Calvin Frye Chief Executive Officer, Chief Financial Officer, and Director (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Calvin Frye, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)

the Quarter Report on Form 10-Q of Gala Global Inc. for the quarter ended February 29, 2016 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)

the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Gala Global Inc.

Dated:  May 10, 2016
	/s/Calvin Frye
	Calvin Frye
	Chief Executive Officer, Chief Financial Officer,  and Director
	(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

XML

Document and Entity Information - shares	3 Months Ended
	Feb. 29, 2016	Apr. 06, 2016
Document And Entity Information
Entity Registrant Name	Gala Global Inc.
Entity Central Index Key	0001513403
Document Type	10-Q
Document Period End Date	Feb. 29, 2016
Amendment Flag	false
Current Fiscal Year End Date	--11-30
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		136,922,353
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2016

XML

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Feb. 29, 2016	Nov. 30, 2015
Current assets
Cash	$ 13,877	$ 1,804
Inventory	2,241	2,701
Prepaid expenses - related parties	14,271	2,917
Total assets	30,389	7,422
Current liabilities
Accounts payable and accrued liabilities	12,645	28,050
Accounts payable and accrued liabilities - related party	61,334	130,061
Due to related parties	249,335	$ 255,295
Loan payable	20,000
Loans payable - related parties	10,200	$ 58,005
Total liabilities	353,514	$ 471,411
STOCKHOLDERS' DEFICIT
Preferred stock Authorized: 10,000,000 shares with a par value of $0.001 per share Issued and outstanding: 500,000 and nil shares, respectively.	500
Common stock Authorized: 500,000,000 shares with a par value of $0.001 per share Issued and outstanding: 136,922,353 and 130,047,353 shares, respectively.	136,922	$ 130,047
Additional paid-in capital	651,183	472,501
Deficit	(1,111,730)	(1,066,537)
Total stockholders' deficit	(323,125)	(463,989)
Total liabilities and stockholders' deficit	$ 30,389	$ 7,422

XML

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Feb. 29, 2016	Nov. 30, 2015
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, par value per share	$ 0.001	$ 0.001
Preferred stock, shares issued	500,000
Preferred stock, shares outstanding	500,000
Common stock, shares authorized	500,000,000	500,000,000
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares issued	136,922,353	130,047,353
Common stock, shares outstanding	136,922,353	130,047,353

XML

Condensed Consolidated Statements Of Operations (Unaudited) - USD ($)		3 Months Ended
		Feb. 29, 2016	Feb. 28, 2015
Operating expenses
Consulting fees		$ 17,500	$ 227,450
Consulting fees - related party		6,458
General and administrative		11,919	$ 21,879
General and administrative - related party		$ 9,000
Option expense on failed property acquisition - related party			$ 10,500
Total operating expenses		$ 44,877	259,829
Loss before other income (expenses)		$ (44,877)	(259,829)
Other income (expense)
Interest income			$ 116
Interest expense		$ 316
Total other income (expense)		(316)	$ 116
Net loss		$ (45,193)	$ (259,713)
Net loss per share, basic and diluted	[1]	$ (0.00)	$ (0.00)
Weighted average common shares outstanding		135,203,603	121,227,912

[1] denotes a loss of less than $(0.01).

XML

Consolidated Statements Of Changes In Stockholders' Deficit (Unaudited) - 3 months ended Feb. 29, 2016 - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional paid-in capital [Member]	Deficit [Member]	Total
Balance preferred stock, shares at Nov. 30, 2015
Balance common stock, shares at Nov. 30, 2015		130,047,353			130,047,353
Balance value at Nov. 30, 2015		$ 130,047	$ 472,501	$ (1,066,537)	$ (463,989)
Shares issued for consulting services - related party, shares		4,375,000
Shares issued for consulting services - related party, value		$ 4,375	66,562		70,937
Shares issued for consulting services, shares		2,500,000
Shares issued for consulting services, value		$ 2,500	40,000		42,500
Shares issued for conversion of debt, shares	500,000
Shares issued for conversion of debt, value	$ 500		$ 72,120		72,620
Net loss for the period				$ (45,193)	$ (45,193)
Balance preferred stock, shares at Feb. 29, 2016	500,000				500,000
Balance common stock, shares at Feb. 29, 2016		136,922,353			136,922,353
Balance value at Feb. 29, 2016	$ 500	$ 136,922	$ 651,183	$ (1,111,730)	$ (323,125)

XML

Consolidated Statements Of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Feb. 29, 2016	Feb. 28, 2015
Operating activities
Net loss	$ (45,193)	$ (259,713)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	17,500	227,450
Changes in operating assets and liabilities:
Inventory	(460)	116
Prepaid expenses	(6,458)	$ 3,750
Accounts payable and accrued liabilities	9,595
Accounts payable and accrued liabilities - related party	9,213	$ (2,538)
Net cash used in operating activities	$ (1,967)	(38,667)
Investing activities
Advances under loan receivable		12,467
Net cash used in investing activities		(12,467)
Financing activities
Proceeds from related party debt		$ 51,134
Repayments to related party debt	$ 5,960
Proceeds from loan payable	20,000
Net cash provided by financing activities	14,040	$ 51,134
Increase in cash	12,073
Cash, beginning of period	1,804
Cash, end of period	13,877
Non-cash investing and financing activities:
Common shares issued for consulting services	17,500
Preferred shares issued to settle related party payables	24,167
Preferred shares issued to settle related party debt	$ 48,453
Supplemental disclosures:
Interest paid
Income tax paid

XML

Organization And Nature Of Operations

3 Months Ended

Feb. 29, 2016

Organization And Nature Of Operations

Organization and Nature of Operations

1. Organization and Nature of Operations

Gala Global Inc. (the “Company”) was incorporated in the State of Nevada on March 10, 2010. The Company was formed to provide garment tailoring and alteration services.

On May 19, 2014, a change in control of the Company occurred when IDG Ventures Ltd. sold all of its 3,547,000 common shares, representing 60.04% of our issued and outstanding common shares, in a private share purchase transaction to Messrs Haas, Lefevre and Naccarato.

On June 26, 2014, the Company had a change in management when Mr. Robert Frei resigned as President and Director of the Company and Mr. Lefevre was appointed as his successor. Concurrent with the change of management, the Company acquired two 100% owned subsidiary companies, Cannabis Ventures Inc (USA), incorporated on February 27, 2014 in the state of Nevada and Cannabis Ventures Inc. (Canada), incorporated on April 9, 2014 in Vancouver, British Columbia. Neither of these subsidiary companies had traded prior to their acquisition by the Company other than as described below.

The Company, since its change in management effective June 26, 2014, has expanded into the Hemp and Cannabidiol (“CBD”) industry. The expansion is focusing on the development, research, and commercialization of products derived from the Hemp and Cannabis plant. The Company currently is finalizing its marketing strategy for a new CBD flavored thin-film strip. The film strip delivery system uses a dissolving film strip that is absorbed in the mouth. The film-strip method is an advanced method of providing CBD for dietary supplement. The Company also is seeking acquisition candidates in this area of interest in the nutraceutical and pharmaceutical industries. The Company also plans to enter into the medical marijuana cultivation industry as approved in the United States and Canada to build legalized cultivation operations.

The Company’s services include the development of cannabinoid based health and wellness products; the development of medical grade compounds; the licensing of proprietary testing, genetics, labeling and packaging, tracking, production, and standardization methods for the medicinal herb industry.

Going Concern

These consolidated financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As at February 29, 2016, the Company has a working capital deficit of $323,125 and an accumulated deficit of $1,111,730. The continuation of the Company as a going concern is dependent upon the continued financial support from its management, and its ability to identify future investment opportunities and obtain the necessary debt or equity financing, and generating profitable operations from the Company’s future operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

XML

Summary Of Significant Accounting Policies

3 Months Ended

Feb. 29, 2016

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

a) Basis of Presentation

The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in U.S. dollars. The Company’s fiscal year end is November 30.

b) Principles of Consolidation

These consolidated financial statements include the accounts of the Company and its three wholly owned subsidiaries, Cannabis Ventures Inc. (USA), Cannabis Ventures Inc. (Canada), CBD Life, Inc, from the date of their acquisition by the Company effective June 26, 2014. All inter-company transactions and balances have been eliminated on consolidation.

c) Use of Estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the recoverability of long-lived assets and investments, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

d) Interim Financial Statements

The accompanying unaudited financial statements of the Company have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In management’s opinion the financial statements include all adjustments (consisting of normal recurring accruals) necessary in order to make the financial statements not misleading. Operating results for the three months ended February 29, 2016 are not necessarily indicative of the results that may be expected for the year ended November 30, 2016. For more complete financial information, these unaudited financial statements should be read in conjunction with the audited financial statements for the year ended November 30, 2015 included in our Form 10-K filed with the SEC.

e) Inventory

Inventory is comprised of Vape Mods purchased for resale, and is recorded at the lower of cost or net realizable value on a first-in first-out basis. The Company establishes inventory reserves for estimated obsolete or unsaleable inventory equal to the difference between the cost of inventory and the estimated realizable value based upon assumptions about future market conditions.

f) Cash and Cash Equivalents

The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. As of February 28, 2016 and November 30, 2015, there were no cash equivalents.

g) Financial Instruments

Company’s financial instruments consist principally of cash, accounts payable and accrued liabilities, loans payable to related parties, loan payable, and amounts due to related party. The recorded values of all these financial instruments approximate their current fair values because of the short term nature of these financial instruments.

h) Income Taxes

The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Accounting for Income Taxes. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

i) Revenue Recognition

The Company earns revenue from the sale of Vape Mods, which are modified electronic cigarettes and vape pens. Revenue will be recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service has been provided, and collectability is assured. The Company is not exposed to any credit risks as amounts are prepaid prior to performance of services.

j) Stock-based Compensation

The Company records stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. Equity instruments issued to employees and the cost of the services received as consideration are measured and recognized based on the fair value of the equity instruments issued.

k) Basic and Diluted Net Loss per Share

The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. No potentially dilutive debt or equity instruments were issued and outstanding during the three months ended February 28, 2016 and 2015.

l) Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

XML

Related Party Transactions

3 Months Ended

Feb. 29, 2016

Related Party Transactions [Abstract]

Related Party Transactions

3. Related Party Transactions

a) During the three months ended February 29, 2016, the Company issued 625,000 shares of common stock with a fair value of $10,625 to the Chief Executive Officer of the Company for services as a director of the Company. The Company incurred consulting services of $6,458 during the quarter ended February 29, 2016. As at February 29, 2016, the Company had a prepaid expense balance of $7,083 (2015 - $2,917) to the Chief Executive Officer of the Company related to these services.

b) As at February 29, 2016, the Company issued 625,000 common shares with a fair value of $7,187 to the Chief Financial Officer for Chief Financial Officer consulting services to be provided from March 1, 2016 to August 31, 2016. The amount has been included in prepaid expense.

c) As at February 29, 2016, the Company owed $249,335 (2015 - $255,295) to a company controlled by a significant shareholder of the Company to fund payment of operating expenditures. The amount owed is unsecured, non-interest bearing, and due on demand.

d) As at February 29, 2016, the Company owed $61,334 (2015 - $76,500) to a significant shareholder of the Company, which has been recorded in accounts payable and accrued liabilities. The amount is unsecured, non-interest bearing, and due on demand. During the three months ended February 29, 2016, the Company incurred legal fees of $9,000 (2015 - $nil) to this significant shareholder. On January 27, 2016, the Company issued 166,666 shares of preferred stock to settle outstanding debt owed to related parties of $24,167.

XML

Loan Payable

3 Months Ended

Feb. 29, 2016

Loan Payable

Loan Payable

4. Loan Payable

On December 29, 2015, the Company issued a $20,000 promissory note to an unrelated party. Under the terms of the note, the amount due is unsecured, bears interest at 3%, and due 180 days from the date of issuance.

XML

Loan Payable - Related Parties

3 Months Ended

Feb. 29, 2016

Loan Payable - Related Parties

Loan Payable - Related Parties

5. Loan Payable - Related Parties

a) As at February 29, 2016, the Company owed $10,000 (2015 - $10,000) to a company controlled by a significant shareholder of the Company. The amount due is unsecured, non-interest bearing, and due on demand.

b) As at February 29, 2016, the Company owed $nil (2015 - $42,000) to a significant shareholder of the Company. The amount due is unsecured, bears interest at 3% per annum, and due 180 days from the date of issuance. As at February 29, 2016, accrued interest of $nil (2015 - $435) has been included in accounts payable and accrued liabilities. On January 27, 2016, the Company issued 333,334 shares of preferred stock to the loan holder as a part of settling all of the outstanding debt and accrued interest.

c) As at February 29, 2016, the Company owed a $200 (2015 - $200) to the Chief Executive Officer of the Company. The amount due is unsecured, bears interest at 1% per annum, and due 180 days from the date of issuance. As at February 29, 2016, accrued interest of $1 (2015 - $nil) has been included in accounts payable and accrued liabilities.

d) As at February 29, 2016, the Company owed $nil (2015 - $5,000) to a significant shareholder of the Company. The amount due is unsecured, bears interest at 1% per annum, and due 180 days from the date of issuance. As at February 29, 2016, accrued interest of $nil (2015 - $1) has been included in accounts payable and accrued liabilities. On January 27, 2016, the Company issued 333,334 shares of preferred stock to the loan holder as a part of settling all of the outstanding debt and accrued interest.

e) As at February 29, 2016, the Company owed $nil (2015 - $805) to a significant shareholder of the Company. The amount due is unsecured, bears interest at 1% per annum, and due 180 days from the date of issuance. On January 27, 2016, the Company issued 333,334 shares of preferred stock to the loan holder as a part of settling all of the outstanding debt and accrued interest.

XML

Stockholders' Equity

3 Months Ended

Feb. 29, 2016

Stockholders Equity

Stockholders' Equity

6. Stockholders’ Equity

(a) On December 23, 2015, the Company issued 1,250,000 shares of common stock with a fair value of $25,000 to a consultant pursuant to a consulting agreement dated May 1, 2015.

(b) On December 23, 2015, the Company issued 2,500,000 of shares of common stock with a fair value of $39,063 to the Chief Financial Officer and director of the Company pursuant to the agreement dated September 1, 2015. 1,250,000 shares were issued for the consultant’s services as a director, and 1,250,000 shares for services as the Company’s Chief Financial Officer.

(c) On December 23, 2015, the Company issued 1,250,000 of shares of common stock with a fair value of $21,250 to the Chief Executive Officer of the Company for the consultant’s services as a director pursuant to the consulting agreement dated September 1, 2015.

(d) On December 23, 2015, the Company issued 625,000 of shares of common stock with a fair value of $10,625 to the Chief Executive Officer of the Company for services as the Company’s Chief Executive Officer pursuant to the consulting agreement dated June 29, 2015.

(e) On December 23, 2015, the Company issued 1,250,000 of shares of common stock with a fair value of $17,500 to a consultant pursuant to a consulting agreement dated December 14, 2015.

(f) On January 27, 2016, the Company issued 500,000 shares of preferred stock to significant shareholders to settle debt of $72,620. Each preferred share is entitled to receive dividends when and if declared by the Company’s board of directors, has 500 to 1 voting power and liquidation rights in the amount of the shares; par value in accordance with the Company’s certificate of designation. Of the 500,000 shares issued, 166,666 shares were issued to a significant shareholder to settle outstanding payables to a significant shareholder of $24,167, and the remaining 333,334 shares are issued to another significant shareholder to settle debts of $42,638, $5,009, and $806 described at Note 5 for a total of $48,453 in outstanding principal and accrued interest.

XML

Commitments

3 Months Ended

Feb. 29, 2016

Commitments

Commitments

7. Commitments

a) On June 29, 2015, the Company entered into a consulting agreement with the Chief Executive Officer of the Company for consulting services relating to the cannabis industry. Pursuant to the agreement, the Company is to issue 625,000 shares of common stock to the consultant upon execution of the agreement (issued) and every six months thereafter as compensation. Either party may terminate the agreement by providing written thirty days notice.

b) On September 1, 2015, the Company entered into an agreement with the Chief Executive Officer of the Company for assuming the role as Chief Executive Officer. Pursuant to the agreement, the Company is to issue 1,250,000 shares of common stock to the Chief Executive Officer upon execution and every twelve months thereafter. The agreement shall be terminated upon mutual agreement with the Company and the Chief Executive Officer.

c) On September 1, 2015, the Company entered into an agreement with the Chief Financial Officer of the Company. Pursuant to the agreement, the Company is to issue 1,250,000 shares of common stock to the Chief Financial Officer upon execution and every twelve months as compensation for being the Chief Financial Officer. The Company shall also issue an additional 625,000 shares of common stock to the Chief Financial Officer upon execution and every six months as compensation for being a director. The agreement shall be terminated upon mutual agreement with the Company and the Chief Financial Officer.

d) On December 14, 2015, the Company entered into a consulting agreement for marketing and promotion services. Pursuant to the agreement, the consultant is to be compensated by being issued 1,250,000 shares of common stock on an annual basis until the agreement is cancelled or terminated. Either party may terminate the agreement by providing written thirty days notice.

XML

Subsequent Events

3 Months Ended

Feb. 29, 2016

Subsequent Events [Abstract]

Subsequent Events

8. Subsequent Events

We have evaluated subsequent events through to the date of issuance of the financial statements, and did not have any material recognizable subsequent events after February 29, 2016.

XML

Summary Of Significant Accounting Policies (Policies)

3 Months Ended

Feb. 29, 2016

Accounting Policies [Abstract]

Basis of Presentation

a) Basis of Presentation

The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in U.S. dollars. The Company’s fiscal year end is November 30.

Principles of Consolidation

b) Principles of Consolidation

These consolidated financial statements include the accounts of the Company and its three wholly owned subsidiaries, Cannabis Ventures Inc. (USA), Cannabis Ventures Inc. (Canada), CBD Life, Inc, from the date of their acquisition by the Company effective June 26, 2014. All inter-company transactions and balances have been eliminated on consolidation.

Use of Estimates

c) Use of Estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the recoverability of long-lived assets and investments, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

Interim Financial Statements

d) Interim Financial Statements

The accompanying unaudited financial statements of the Company have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In management’s opinion the financial statements include all adjustments (consisting of normal recurring accruals) necessary in order to make the financial statements not misleading. Operating results for the three months ended February 29, 2016 are not necessarily indicative of the results that may be expected for the year ended November 30, 2016. For more complete financial information, these unaudited financial statements should be read in conjunction with the audited financial statements for the year ended November 30, 2015 included in our Form 10-K filed with the SEC.

Inventory

e) Inventory

Inventory is comprised of Vape Mods purchased for resale, and is recorded at the lower of cost or net realizable value on a first-in first-out basis. The Company establishes inventory reserves for estimated obsolete or unsaleable inventory equal to the difference between the cost of inventory and the estimated realizable value based upon assumptions about future market conditions.

Cash and Cash Equivalents

f) Cash and Cash Equivalents

The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. As of February 28, 2016 and November 30, 2015, there were no cash equivalents.

Financial Instruments

g) Financial Instruments

Company’s financial instruments consist principally of cash, accounts payable and accrued liabilities, loans payable to related parties, loan payable, and amounts due to related party. The recorded values of all these financial instruments approximate their current fair values because of the short term nature of these financial instruments.

Income Taxes

h) Income Taxes

The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Accounting for Income Taxes. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

Revenue Recognition

i) Revenue Recognition

The Company earns revenue from the sale of Vape Mods, which are modified electronic cigarettes and vape pens. Revenue will be recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service has been provided, and collectability is assured. The Company is not exposed to any credit risks as amounts are prepaid prior to performance of services.

Stock-Based Compensation

j) Stock-based Compensation

The Company records stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. Equity instruments issued to employees and the cost of the services received as consideration are measured and recognized based on the fair value of the equity instruments issued.

Basic and Diluted Net Loss Per Share

k) Basic and Diluted Net Loss per Share

The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. No potentially dilutive debt or equity instruments were issued and outstanding during the three months ended February 28, 2016 and 2015.

Recent Accounting Pronouncements

l) Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

XML

Organization And Nature Of Operations (Narrative) (Details) - shares	Jun. 26, 2014	May. 19, 2014
Cannabis Ventures Inc. USA [Member]
Ownership interest acquired	100.00%
Cannabis Ventures Inc, Canada [Member]
Ownership interest acquired	100.00%
Common Stock [Member]
IDG Ventures Ltd, sold shares to Messrs Hass, Lefevre and Naccarato		3,547,000
Percentage of shares transfered		60.04%

XML

Related Party Transations (Narrative) (Details) - USD ($)

3 Months Ended

Jan. 27, 2016

Feb. 29, 2016

Feb. 28, 2015

Nov. 30, 2015

Related Party Transaction [Line Items]

Shares issued for services, value

$ 42,500

Consulting fees

17,500

$ 227,450

Prepaid expenses

14,271

$ 2,917

Due to related parties

249,335

255,295

Accounts payable and accrued liabilities

61,334

$ 130,061

Stock issued to settle an outstanding debt owed to related parties, value

$ 48,453

Common Stock [Member]

Related Party Transaction [Line Items]

Shares issued for services, shares

2,500,000

Shares issued for services, value

$ 2,500

Stock issued to settle an outstanding debt owed to related parties, shares

Preferred Stock [Member]

Related Party Transaction [Line Items]

Shares issued for services, shares

Shares issued for services, value

Stock issued to settle an outstanding debt owed to related parties, shares

500,000

Chief Executive Officer [Member]

Related Party Transaction [Line Items]

Consulting fees

$ 6,458

Prepaid expenses

$ 7,083

$ 2,917

Chief Executive Officer [Member] | Common Stock [Member]

Related Party Transaction [Line Items]

Shares issued for services, shares

625,000

Shares issued for services, value

$ 10,625

Chief Financial Officer [Member] | Common Stock [Member]

Related Party Transaction [Line Items]

Shares issued for services, shares

625,000

Shares issued for services, value

$ 7,187

A Company Controlled By A Significant Shareholder [Member]

Related Party Transaction [Line Items]

Due to related parties

$ 249,335

$ 255,295

Debt instrument terms

The amount owing is unsecured, non-interest bearing, and due on demand.

The amount owing is unsecured, non-interest bearing, and due on demand.

A Significant Shareholder [Member]

Related Party Transaction [Line Items]

Debt instrument terms

The amount is unsecured, non-interest bearing, and due on demand.

The amount is unsecured, non-interest bearing, and due on demand.

Accounts payable and accrued liabilities

$ 61,334

$ 76,500

Legal fees

$ 9,000

A Significant Shareholder [Member] | Preferred Stock [Member]

Related Party Transaction [Line Items]

Stock issued to settle an outstanding debt owed to related parties, shares

166,666

Stock issued to settle an outstanding debt owed to related parties, value

$ 24,167

XML

Loan Payable (Narrative) (Details) - Promissory Note To Unrelated Party Dated December 29, 2015 [Member]

Dec. 29, 2015

USD ($)

Short-term Debt [Line Items]

Promissory note face value

$ 20,000

Promissory note interest rate

3.00%

Promissory note description

Under the terms of the note, the amount due is unsecured

Promissory note maturity date description

Due 180 days from the date of issuance.

XML

Loan Payable - Related Parties (Narrative) (Details) - USD ($)

3 Months Ended

Jan. 27, 2016

Feb. 29, 2016

Feb. 28, 2015

Nov. 30, 2015

Short-term Debt [Line Items]

Loan payable to related party

$ 10,200

$ 58,005

Preferred Stock [Member]

Short-term Debt [Line Items]

Stock issued to settle an outstanding debt owed to related parties, shares

500,000

A Company Controlled By A Significant Shareholder [Member]

Short-term Debt [Line Items]

Debt instrument terms

The amount owing is unsecured, non-interest bearing, and due on demand.

The amount owing is unsecured, non-interest bearing, and due on demand.

A Company Controlled By A Significant Shareholder [Member] | Loan Payable [Member]

Short-term Debt [Line Items]

Loan payable to related party

$ 10,000

$ 10,000

Debt instrument terms

The amount due is unsecured, non-interest bearing, and due on demand.

The amount due is unsecured, non-interest bearing, and due on demand.

Another Significant Shareholder [Member] | Loan Payable [Member] | Preferred Stock [Member]

Short-term Debt [Line Items]

Stock issued to settle an outstanding debt owed to related parties, shares

333,334

Another Significant Shareholder [Member] | Loan Payable [Member]

Short-term Debt [Line Items]

Loan payable to related party

$ 42,000

Debt instrument terms

The amount due is unsecured.

The amount due is unsecured.

Debt instrument interest percentage

3.00%

3.00%

Debt instrument maturity description

Due 180 days from the date of issuance.

Due 180 days from the date of issuance.

Another Significant Shareholder [Member] | Loan Payable [Member] | Preferred Stock [Member]

Short-term Debt [Line Items]

Stock issued to settle an outstanding debt owed to related parties, shares

333,334

Another Significant Shareholder [Member] | Loan Payable [Member] | Accounts Payable And Accrued Liabilities [Member]

Short-term Debt [Line Items]

Accrued interest

$ 435

Another Significant Shareholder [Member] | Loan Payable [Member]

Short-term Debt [Line Items]

Loan payable to related party

$ 5,000

Debt instrument terms

The amount due is unsecured.

The amount due is unsecured.

Debt instrument interest percentage

1.00%

1.00%

Debt instrument maturity description

Due 180 days from the date of issuance.

Due 180 days from the date of issuance.

Another Significant Shareholder [Member] | Loan Payable [Member] | Preferred Stock [Member]

Short-term Debt [Line Items]

Stock issued to settle an outstanding debt owed to related parties, shares

333,334

Another Significant Shareholder [Member] | Loan Payable [Member] | Accounts Payable And Accrued Liabilities [Member]

Short-term Debt [Line Items]

Accrued interest

$ 1

Another Significant Shareholder [Member] | Loan Payable [Member]

Short-term Debt [Line Items]

Loan payable to related party

$ 805

Debt instrument terms

The amount due is unsecured.

The amount due is unsecured.

Debt instrument interest percentage

1.00%

1.00%

Debt instrument maturity description

Due 180 days from the date of issuance.

Due 180 days from the date of issuance.

Another Significant Shareholder [Member] | Loan Payable [Member] | Preferred Stock [Member]

Short-term Debt [Line Items]

Stock issued to settle an outstanding debt owed to related parties, shares

333,334

Chief Executive Officer [Member] | Loan Payable [Member]

Short-term Debt [Line Items]

Loan payable to related party

$ 200

$ 200

Debt instrument terms

The amount due is unsecured.

The amount due is unsecured.

Debt instrument interest percentage

1.00%

1.00%

Debt instrument maturity description

Due 180 days from the date of issuance.

Due 180 days from the date of issuance.

Chief Executive Officer [Member] | Loan Payable [Member] | Accounts Payable And Accrued Liabilities [Member]

Short-term Debt [Line Items]

Accrued interest

$ 1

XML

Stockholders' Equity (Narrative) (Details) - USD ($)

3 Months Ended

Jan. 27, 2016

Dec. 23, 2015

Feb. 29, 2016

Feb. 28, 2015

Shares issued for consulting services, value

$ 42,500

Stock issued to settle an outstanding debt owed to related parties, value

$ 48,453

Common Stock [Member]

Shares issued for consulting service, shares

2,500,000

Shares issued for consulting services, value

$ 2,500

Stock issued to settle an outstanding debt owed to related parties, shares

Common Stock [Member] | Consulting Agreement Dated May 1, 2015 [Member]

Shares issued for consulting service, shares

1,250,000

Shares issued for consulting services, value

$ 25,000

Common Stock [Member] | Consulting Agreement Dated September 1, 2015 [Member] | Chief Financial Officer And Director [Member]

Shares issued for consulting service, shares

2,500,000

Shares issued for consulting services, value

$ 39,063

Common Stock [Member] | Consulting Agreement Dated September 1, 2015 [Member] | Director [Member]

Shares issued for consulting service, shares

1,250,000

Common Stock [Member] | Consulting Agreement Dated September 1, 2015 [Member] | Chief Financial Officer [Member]

Shares issued for consulting service, shares

1,250,000

Common Stock [Member] | Consulting Agreement Dated September 1, 2015 [Member] | Chief Executive Officer [Member]

Shares issued for consulting service, shares

1,250,000

Shares issued for consulting services, value

$ 21,250

Common Stock [Member] | Consulting Agreement Dated June 29, 2015 [Member] | Chief Executive Officer [Member]

Shares issued for consulting service, shares

625,000

Shares issued for consulting services, value

$ 10,625

Common Stock [Member] | Consulting Agreement Dated December 14, 2015 [Member]

Shares issued for consulting service, shares

1,250,000

Shares issued for consulting services, value

$ 17,500

Preferred Stock [Member]

Shares issued for consulting service, shares

Shares issued for consulting services, value

Stock issued to settle an outstanding debt owed to related parties, shares

500,000

Preferred Stock [Member] | Significant Shareholders [Member] | Loan Payable [Member]

Stock issued to settle an outstanding debt owed to related parties, shares

500,000

Stock issued to settle an outstanding debt owed to related parties, value

$ 72,620

Preferred shares voting rights

Each preferred share has 500 to 1 voting power as according to the Company’s certificate of designation.

Preferred Stock [Member] | Another Significant Shareholder [Member] | Loan Payable [Member]

Stock issued to settle an outstanding debt owed to related parties, shares

333,334

Stock issued to settle an outstanding debt owed to related parties, value

$ 48,453

Preferred Stock [Member] | Another Significant Shareholder [Member] | Loan Payable [Member]

Stock issued to settle an outstanding debt owed to related parties, shares

333,334

Stock issued to settle an outstanding debt owed to related parties, value

$ 42,638

Preferred Stock [Member] | Another Significant Shareholder [Member] | Loan Payable [Member]

Stock issued to settle an outstanding debt owed to related parties, shares

333,334

Stock issued to settle an outstanding debt owed to related parties, value

$ 5,009

Preferred Stock [Member] | Another Significant Shareholder [Member] | Loan Payable [Member]

Stock issued to settle an outstanding debt owed to related parties, shares

333,334

Stock issued to settle an outstanding debt owed to related parties, value

$ 806

XML

Commitments (Narrative) (Details)

Dec. 14, 2015

Sep. 01, 2015

Jun. 29, 2015

Consulting Agreement Dated June 29, 2015 [Member] | Chief Executive Officer [Member]

Other Commitments [Line Items]

Consulting agreement commitment description

The Company entered into a consulting agreement with the Chief Executive Officer of the Company for consulting services relating to the cannabis industry. Pursuant to the agreement, the Company is to issue 625,000 shares of common stock to the consultant upon execution of the agreement (issued) and every six months thereafter as compensation. Either party may terminate the agreement by providing written thirty days notice.

Consulting Agreement Dated September 1, 2015 [Member] | Chief Executive Officer [Member]

Other Commitments [Line Items]

Consulting agreement commitment description

The Company entered into an agreement with the Chief Executive Officer of the Company for assuming the role as Chief Executive Officer. Pursuant to the agreement, the Company is to issue 1,250,000 shares of common stock to the Chief Executive Officer upon execution and every twelve months thereafter. The agreement shall be terminated upon mutual agreement with the Company and the Chief Executive Officer.

Consulting Agreement Dated September 1, 2015 [Member] | Chief Financial Officer [Member]

Other Commitments [Line Items]

Consulting agreement commitment description

The Company entered into an agreement with the Chief Financial Officer of the Company. Pursuant to the agreement, the Company is to issue 1,250,000 shares of common stock to the Chief Financial Officer upon execution and every twelve months as compensation for being the Chief Financial Officer. The Company shall also issue an additional 625,000 shares of common stock to the Chief Financial Officer upon execution and every six months as compensation for being a director. The agreement shall be terminated upon mutual agreement with the Company and the Chief Financial Officer.

Consulting Agreement For Marketing And Promotion Services [Member]

Other Commitments [Line Items]

Consulting agreement commitment description

The Company entered into a consulting agreement for marketing and promotion services. Pursuant to the agreement, the consultant is to be compensated by being issued 1,250,000 shares of common stock on an annual basis until the agreement is cancelled or terminated. Either party may terminate the agreement by providing written thirty days notice.