Note 14- Loan Payable

During the three months ended November 30, 2021, the Company entered into an agreement with a lender to finance short term purchases of inventory between two of its subsidiaries. On November 9, 2021, the Company received cash in the amount of $294,700 pursuant to the funding of a transaction under this agreement. The amount of $303,814, including fees, was due in 30 days, or December 9, 2021. On December 9, 2021, the Company made a payment in the amount of $109,814; the balance of $200,000, including a $6,000 penalty, is due on January 9, 2021.