COMMITMENTS AND CONTINGENCIES

12 Months Ended

Aug. 31, 2021

COMMITMENTS AND CONTINGENCIES

NOTE 8 - COMMITMENTS AND CONTENGENCIES

NOTE 8 – COMMITMENTS AND CONTENGENCIES

The Company has certain financial commitments in relation to Research and Development contracts as of August 31, 2021 as follows:

· The Company is invoiced monthly and quarterly in relation to several Research and Development contracts.

· The Company may be obligated to make additional payments related to Research and Development contracts entered into, dependent on the progress and milestones achieved through the programs.

· Our principal executive office is currently located at 505 Lomas Santa Fe, Suite 160, Solana Beach, California 92075, USA. Additionally, we have a European office located at 29 Fitzwilliam Street Upper, Dublin 2 Ireland which serves as administrative space for managing our Irish subsidiary: Trinity Reliant Ventures, Ltd (Ireland). Our United Kingdom subsidiary, Artelo Biosciences Limited maintains an office at the biohub located at Mereside, Alderly Park, Alderly Edge, Cheshire, SK10 4TG, UK. We do not currently own any properties, laboratories, or manufacturing facilities. The leases for the subsidiaries’ office spaces are month-to-month.