CNBX CNBX Pharmaceuticals Inc (QB)

Table of Contents

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_______________

 

FORM 10-Q

_______________

 

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended May 31, 2024

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from ______ to ______.

 

Commission File Number: 000-52403

___________________________________________________

 

CNBX PHARMACEUTICALS INC.

(Exact name of registrant as specified in its charter)

___________________________________________________

 

Nevada		46-5644005
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)
#3 Bethesda Metro Center, Suite 700 Bethesda, MD		20814
(Address of principal executive offices)		(Zip Code)

 

(877) 424-2429

(Registrant’s telephone number, including area code)

 

 

____________________________________________________

(Former name, former address and former fiscal year, if changed since last report)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes  ☒  No  ☐

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes  ☒  No  ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer,” “smaller reporting company," and “emerging growth company” in Rule 12b-2 of the Exchange Act:

 

Large accelerated filer  ☐	Accelerated filer  ☐
Non-accelerated filer  ☒	Smaller reporting company  ☒
	Emerging growth company   ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

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

 

As of July 14, 2024, the registrant had 31,111,352 shares of its Common Stock, $0.0001 par value, outstanding.

 

When used in this quarterly report, the terms “CNBX,” “the Company,” “we,” “our,” and “us” refer to CNBX Pharmaceuticals Inc. and its wholly owned subsidiaries, G.R.I.N Ultra Ltd., and Digestix Bioscience Inc.

 

 

 

 

CNBX PHARMACEUTICALS INC.

FORM 10-Q

MAY 31ST, 2024

 

INDEX

 

Cautionary Note Regarding Forward-Looking Statements		3
PART I – FINANCIAL INFORMATION		4
Item 1.	Consolidated Financial Statements	4
	Consolidated Balance Sheets as of May 31st, 2024 (unaudited) and August 31, 2023	4
	Consolidated Statements of Operations for the Three and Nine Months Ended May 31st, 2024 and 2023 (unaudited)	5
	Consolidated Statements of Stockholders’ Equity (Deficit) for the Three and Nine Months Ended May 31st, 2024 and 2023 and the Year Ended August 31, 2023	6
	Consolidated Statements of Cash Flows for the Nine Months Ended May 31st, 2024 and 2023 (unaudited)	8
	Notes to Consolidated Financial Statements (unaudited)	9
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	14
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	17
Item 4.	Controls and Procedures	17
PART II -- OTHER INFORMATION		18
Item 1.	Legal Proceedings	18
Item 1A.	Risk Factors	18
Item 2.	Recent Sale of Unregistered Securities	18
Item 5.	Other Information	18
Item 6.	Exhibits	18
SIGNATURES		19

 

 

 

 

 

 

 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

 

 

Certain information set forth in this Quarterly Report on Form 10-Q, including in Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere herein may address or relate to future events and expectations and as such constitutes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements which are not historical reflect our current expectations and projections about our future results, performance, liquidity, financial condition, prospects and opportunities and are based upon information currently available to us and our management and their interpretation of what is believed to be significant factors affecting our business, including many assumptions regarding future events. Such forward-looking statements include statements regarding, among other things:

 

	·	the size and growth of the potential markets for our products and the ability to serve those markets;
	·	our expectations regarding our expenses and revenue, the sufficiency of our cash resources and needs for additional financing;
	·	the rate and degree of market acceptance of any of our products;
	·	our expectations regarding competition;
	·	our anticipated growth strategies;
	·	our ability to attract or retain key personnel;
	·	our ability to establish and maintain development partnerships;
	·	regulatory developments in the U.S. and foreign countries, especially those related to change in, and enforcement of, cannabis laws;
	·	our ability to obtain and maintain intellectual property protection for our products; and
	·	the anticipated trends and challenges in our business and the market in which we operate.

 

Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words “may,” “should,” “would,” “could,” “scheduled,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “seek,” or “project” or the negative of these words or other variations on these words or comparable terminology. Actual results, performance, liquidity, financial condition and results of operations, prospects and opportunities could differ materially and perhaps substantially from those expressed in, or implied by, these forward-looking statements as a result of various risks, uncertainties and other factors. These statements may be found under the section of our Annual Report on Form 10-K for the year ended August 31, 2022, entitled “Risk Factors” as well as in our other public filings.

 

In light of these risks and uncertainties, and especially given the start-up nature of our business, there can be no assurance that the forward-looking statements contained herein will in fact occur. Readers should not place undue reliance on any forward-looking statements. Except as expressly required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason.

 

 

 

 

 

PART I - FINANCIAL INFORMATION

 

Item 1. Financial Statements

CNBX PHARMACEUTICALS INC.

Consolidated Balance Sheets

 

 

		May 31,				August 31,
		2024				2023
		Unaudited				Audited
ASSETS
Current assets:
Cash and cash equivalents		$	73,406			$	129,696
Prepaid expenses and other receivables			6,621				94,612
Total current assets			80,027				224,308
Equipment, net			–				274,731
Total assets		$	80,027			$	499,039
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities		$	189,820			$	335,915
Convertible loan			1,293,847				1,343,584
Due to a related party			1,050,731				836,829
Total current liabilities			2,534,398				2,516,328
Stockholders' equity (deficit):
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding			–				–
Common stock, $0.0001 par value, 900,000,000 shares authorized, 3,111,352 and 22,611,352 shares issued and outstanding at May 31, 2024 and August 31, 2023 respectively			3,111				2,261
Additional paid-in capital			22,436,334				22,239,652
Accumulated deficit			(24,893,816	)			(24,259,202	)
Total stockholders' equity (deficit)			(2,454,371	)			(2,017,289	)
Total liabilities and stockholders' equity		$	80,027			$	499,039

 

 

See accompanying notes to consolidated financial statements.

 

* On May 12, 2023, the Company effected a reverse-split of its common stock on a 1:120 basis.

 

 

 

 

 

CNBX PHARMACEUTICALS INC.

Consolidated Statements of Operations and Comprehensive Loss

(Unaudited)

 

		For the Three Months Ended								For the Nine Months Ended
		May 31,				May 31,				May 31,				May 31,
		2024				2023				2024				2023
		Unaudited
Revenues		$	–			$	310,165			$	130,074			$	310,165
Operating expenses:
Research and development expense		$	42,884			$	263,115			$	268,722			$	338,330
General and administrative expenses			109,394				220,132				391,958				741,716
Total operating expenses			152,278				483,247				660,680				1,080,046
Loss from operations			(152,278	)			(173,082	)			(530,606	)			(769,881	)
Other income
Capital Gain (loss)			–				–				(88,934	)			(2,395,298	)
Financial Income (loss)			21,646				18,392				(15,074	)			28,499
Net loss			(130,632	)			(154,690	)			(634,614	)			(3,136,680	)
Profit (loss) from available for sale assets			–				–				–				(59,870	)
Total comprehensive (income) loss		$	(130,632	)		$	(154,690	)		$	(634,614	)		$	(3,196,550	)
Net loss per share - basic and diluted:		$	(0.00	)		$	(0.02	)		$	(0.02	)		$	(0.78	)
Weighted average number of shares outstanding - Basic and Diluted			31,111,352				9,265,865				29,964,272				4,030,048

 

 

See accompanying notes to consolidated financial statements.

 

 

 

 

 

CNBX PHARMACEUTICALS INC.

Consolidated Statements of Stockholders' Equity (Deficit)

 

 

		Common stock								Additional paid in								Unrealized gain (loss) on available-for sale financial				Accumulated				Total stockholders’ equity
		Shares				Amount				capital				Warrants				gain				deficit				(deficit)
Balance, August 31, 2023			22,611,352			$	2,261			$	22,239,652			$	–			$	–			$	(24,259,202	)		$	(2,017,289	)
Share based payment			–				–				104,745				–				–				–				104,745
Exercise of a Convertible loan to shares of common stock.			8,500,000				850				91,937				–				–				–				92,787
Net loss			–				–				–				–				–				(634,614	)			(634,614	)
Balance, May 31, 2024			31,111,352			$	3,111			$	22,436,334			$	–			$	–			$	(24,893,816	)		$	(2,454,371	)

 

 

		Common stock								Additional paid in								Unrealized gain (loss) on available-for sale financial				Accumulated				Total stockholders’ equity
		Shares				Amount				capital				Warrants				gain				deficit				(deficit)
Balance, February 28, 2024			31,111,352			$	3,111			$	22,401,539			$	–			$	–			$	(24,763,184	)		$	(2,358,534	)
Share based payment			–				–				34,795				–				–				–				34,795
Net Loss			–				–				–				–				–				(130,632	)			(130,632	)
Balance, May 31, 2024			31,111,352			$	3,111			$	22,436,334			$	–			$	–			$	(24,893,816	)		$	(2,454,371	)

 

 

 

 

 

 

CNBX PHARMACEUTICALS INC.

Consolidated Statements of Stockholders' Equity (Deficit)

(continued)

 

		Common stock								Additional paid in								Unrealized gain (loss) on available-for sale financial				Accumulated				Total stockholders’ equity
		Shares				Amount				capital				Warrants				gain				deficit				(deficit)
Balance, August 31, 2022			1,238,659			$	124			$	18,031,869			$	3,459,510			$	(2,574,846	)		$	(20,548,968	)		$	(1,632,311	)
Exercise of CLA to shares			14,795,073				1,479				468,652				–				–				–				470,131
Share based payment			–				–				145,505				–				–				–				145,505
Realization of available for sale asset			–				–				–				–				2,243,913				–				2,243,913
Net loss			–				–				–				–				–				(3,136,680	)			(3,136,680	)
Balance, May 31, 2023			16,033,732			$	1,603			$	18,646,026			$	3,459,510			$	(330,933	)		$	(23,685,648	)		$	(1,909,442	)

 

 

 

		Common stock								Additional paid in								Unrealized gain (loss) on available-for sale financial				Accumulated				Total stockholders’ equity
		Shares				Amount				capital				Warrants				gain				deficit				(deficit)
Balance, February 28, 2023			2,190,138			$	222			$	18,390,628			$	3,459,510			$	(330,933	)		$	(23,530,958	)		$	(2,011,531	)
Share based payment			–				–				34,975				–				–				–				34,975
Exercise of CLA to shares			13,843,594				1,381				220,423				–				–				–				221,804
Net Loss			–				–				–				–				–				(154,690	)			(154,690	)
Balance, May 31, 2023			16,033,732			$	1,603			$	18,646,026			$	3,459,510			$	(330,933	)		$	(23,685,648	)		$	(1,909,442	)

 

 

See accompanying notes to consolidated financial statements.

 

 

 

 

CNBX PHARMACEUTICALS INC.

Consolidated Statements of Cash Flows

(Unaudited)

 

		For the Nine Months Ended,
		May 31,				May 31,
		2024				2023
Cash flows from operating activities:
Net Loss		$	(634,614	)		$	(3,136,680	)
Adjustments required to reconcile net loss to net cash used in operating activities:
Depreciation			72,320				123,569
Interest on loans			16,798				–
Capital Loss			88,934				2,395,298
Convertible loan valuation			–				9,033
Share based payment			104,745				145,505
Changes in operating assets and liabilities:
Accounts Receivable and pre paid expenses			87,991				(223,873	)
Accounts payable and accrued liabilities			67,807				554,110
Net cash used in operating activities			(196,019	)			(133,038	)
Cash flows from investing activities:
Proceeds from sale of available for sale investments			–				24,702
Sale of equipment			114,673				–
Acquisition of equipment			(1,196	)			–
Net cash gain in investing activities			113,477				24,702
Cash flows from financing activities:
Convertible loan			26,252				34,972
Proceeds from sale of common stock			–				–
Costs of raising capital			–				–
Net cash provided by financing activities			26,252				34,972
Effect of exchange rate fluctuations on cash			–				–
Net decrease in cash			(56,290	)			(73,364	)
Cash and cash equivalents at beginning of the Period			129,696				117,515
Cash and cash equivalents at end of the Period		$	73,406			$	44,151
Significant non-cash transactions:
Exercise of a Convertible loan to shares of common stock.		$	92,787			$	470,131

 

 

See accompanying notes to consolidated financial statements.

 

 

 

 

 

CNBX PHARMACEUTICALS INC.

Notes to Consolidated Financial Statements

(Unaudited)

 

 

Note 1 – Nature of Business, Presentation and Going Concern

 

Organization

 

CNBX Pharmaceuticals Inc. (the “Company”), was incorporated in the State of Nevada, on September 15, 2004, under the name of Thrust Energy Corp.

 

On September 30, 2010, we increased our authorized capital to 900 million shares of common stock (par value $0.0001) and 100 million shares of preferred stock (par value $0.0001) and effected a 20-for-1 reverse split of our issued and outstanding common stock. As a result of the reverse split, our issued and outstanding common stock was reduced from 13,604,000 shares to 680,202 common shares, 100,000,000 preferred shares were unaffected.

 

On April 25, 2014, the Company experienced a change in control. Cannabics, Inc. (“Cannabics”) acquired a majority of the issued and outstanding common stock of the Company in accordance with stock purchase agreements. On the closing date, April 25, 2014, pursuant to the terms of the Stock Purchase Agreement, CNBX Pharmaceuticals Inc. purchased 41,000,000 shares of the Company’s outstanding restricted common stock for $198,000, representing 51%.

 

On May 21, 2014, the Company changed its name, via merger in the state of Nevada, to CNBX Pharmaceuticals Inc. The Company’s principal offices are in Bethesda, Maryland. The Company changed its course of business to laboratory research and development.

 

On June 19, 2014, FINRA granted final approval of Change of Name & Ticker Symbol of the Corporation from American Mining Corporation to CNBX PHARMACEUTICALS INC., with the new Ticker Symbol of “CNBX”. Said approval was predicated upon CNBX Pharmaceuticals Inc.’s filing of Articles of Merger with American Mining Corporation with the Nevada Secretary of State on May 21st, 2014. Under the laws of the State of Nevada, CNBX Pharmaceuticals Inc. was merged with and into the Registrant, with the Registrant being the surviving entity. The Merger was completed under Section 92A.180 of the Nevada Revised Statutes, Chapter 92A, as amended, and as such, does not require the approval of the stockholders of either the Registrant or CNBX Pharmaceuticals Inc.

 

On August 25, 2014, the Company organized G.R.I.N. Ultra Ltd. (“GRIN”), an Israeli corporation, as a wholly-owned subsidiary. GRIN will provide research and development activities for the Company’s products in Israel.

 

On July 24, 2017, the Company announced its establishment of a genetics laboratory to develop diagnostic tools based on human genome, tumor genetics and specific cannabinoids.

 

On August 20, 2020, the Company announced the creation of a new Division for its Anti-Tumor drug candidate RCC-33, for the treatment of colorectal cancer. The emanates from the Company’s focus on a clinical validation path, including in-vivo experiments, collaborations with key medical centers, and the preparation of a product dossier with which the company plans to schedule a Pre IND-Meeting with the US FDA.

  

On October 18, 2021, the Company filed 2 new Provisional Patent applications on Compositions and Methods for treating cancer, including colorectal cancer and early intervention therapy for colorectal cancer patients.

 

On February 13, 2022, the company established a Nomination and Governance Committee.

 

On May 10, 2022, the Company filed a certificate of change (the “Certificate”) with the Secretary of State of the State of Nevada. Pursuant to the Certificate, the Company effectuated a one-for-one hundred twenty (1:120) reverse split of the issued and outstanding shares of common stock of the Company without changing the par value of the stock.

 

 

 

9

 

 

Basis of Presentation

 

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial statement presentation and in accordance with Form 10-Q. Accordingly, they do not include all of the information and footnotes required in annual financial statements. In the opinion of management, the unaudited financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly the financial position and results of operations and cash flows. The results of operations presented are not necessarily indicative of the results to be expected for any other interim period or for the entire year.

 

These unaudited financial statements should be read in conjunction with our August 31, 2023 annual financial statements included in our Form 10-K, filed with the U.S. Securities and Exchange Commission (“SEC”) on November 30, 2023.

 

Principles of Consolidation

 

The consolidated financial statements include the accounts of the Company and its subsidiaries GRIN Ultra and Digestix Bioscience Inc. All significant inter-company balances and transactions have been eliminated in consolidation.

 

Going Concern

 

The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. While the Company has incurred a net loss of $634,614 for the nine months ended May 31, 2024, it has incurred cumulative losses since inception of $24,893,816. These conditions raise substantial doubt about the ability of the Company to continue as a going concern.

 

The ability of the Company to continue as a going concern is dependent upon its abilities to generate revenues, to continue to raise investment capital, and develop and implement its business plan. No assurance can be given that the Company will be successful in these efforts.

 

Research and Development Costs

 

The Company accounts for research and development costs in accordance with Accounting Standards Codification 730 “Research and Development” (“ASC 730”). ASC 730 requires that research and development costs be charged to expense when incurred. Research and development costs charged to expense were $268,722 and $338,330 for the nine months ended May 31, 2024 and 2023, respectively.

 

Reclassifications

 

Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported losses, total assets, or stockholders’ equity as previously reported.

 

 

 

10

 

 

Note 2 – Related Party Transactions

 

During the nine months ending May 31, 2024, the Company paid $73,732 in salaries, including socials benefits, to two directors, compared to $7,000 for the nine months ending May 31, 2023.

 

During the nine months ending May 31, 2024 the Company accrued $242,500 in salaries, including socials benefits, to two directors compared to $334,658 for the nine months ending May 31, 2023.

 

As of May 31, 2024, the Company had a balance outstanding payable to two directors: Gabriel Yariv and Eyal Barad in the total of $824,389 under Accounts payable and accrued liabilities.

 

The Company had a balance outstanding at May 31, 2024 and at May 31, 2023 of $223,645, payable to Cannabics, Inc. The advance is due on demand and bears no interest.

 

During the nine months ending May 31, 2024, the Company recorded a non-cash expense of $104,745 in share-based payment, to the company chairman, board members and advisor.

 

Note 3 – Stockholders’ Equity (Deficit)

 

Authorized Shares

 

The Company is authorized to issue up to 900,000,000 shares of common stock, par value $0.0001 per share. There is also 5,000,000 shares of Preferred stock, none of which has been issued. Each outstanding share of common stock entitles the holder to one vote per share on all matters submitted to a stockholder vote. All shares of common stock are non-assessable and non-cumulative, with no pre-emptive rights.

 

For the period ending at May 31, 2024, the company issued 8,500,000 shares as a result of a convertible of a loan at a total of $92,787.

 

Note 4 – Realization of fixed assets

 

On February 15, 2024, the Company realized all of its fixed assets in consideration of $114,673 and recorded a capital loss of $88,934.

 

Note 5 – Private Placement of Notes and Warrant

 

On December 16, 2020, we entered into a Securities Purchase Agreement (“SPA”) with an institutional investor for a private placement of senior secured convertible notes totaling up to an aggregate of $2,750,000 to be issued in three tranches subject to the achievement of certain milestones. The convertible notes include a conversion right, at the Investor’s option, to convert the convertible notes into shares of our Common Stock at a conversion price equal to the lower of (i) $42 per share or (ii) eighty percent (80%) of the average of the two lowest daily volume-weighted average price for the Company’s Common Stock during the ten (10) consecutive trading days preceding the conversion date (the “notes”). The investor has the right to have the conversion price reduced if we issue Common Stock or convertible notes at a lower conversion price than $42 during the period that the notes are outstanding. The notes are due one year from issuance. The notes will be interest free, but in the event of a default, they will bear annual interest at a rate of 18.00%. The SPA and the notes contain events of default, including, among other things, failure to repay the notes by the maturity date, and bankruptcy and insolvency events, that would result in the imposition of the default interest rate.

 

 

 

11

 

 

On December 21, 2020, we closed the first tranche and issued a note in the amount of $825,000 (the “Initial Note”). On February 22, 2021, we closed the second tranche and issued a second note in the amount of $550,000 (the “Second Note”). On April 23, 2021, we closed the third tranche and issued a third note in the amount of $1,375,000 (the “Note”). The Initial Note was issued at a discount of $75,000; the Second Note was issued at a discount of $50,000; and the Note was issued at a discount of $125,000. In addition, we issued to the Investor 32,614 shares of Common Stock as pre-delivery shares in accordance with the terms of the SPA, which shares will be deducted from the total number of shares to be issued to the Investor upon conversion of the Initial Note.

 

On April 23, 2021, we entered into a senior secured promissory note (the “Senior Secured Note”) for $1,375,000 with the institutional investor. This follows the SPA, a restated securities purchase agreement dated as of February 22, 2021, as well as accompanying documents for an aggregate principal amount of $2,750,000 having an aggregate original issue discount of 10%, and ranking senior to all outstanding and future indebtedness of the Company. In addition, the SPA granted the investor a right to receive 100% warrant coverage, and we issued a warrant to the investor for up to 45,833 shares of our Common Stock, which expires three years from the issuance date of the warrant, with an exercise price of $60 per share. The warrant may be exercised and converted to Common Stock at the investor’s option at any time until the expiration date. These securities were issued in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act, and Regulation D promulgated thereunder, as these securities were sold to “accredited investors” within the meaning of Regulation D. During 2021, The Senior Secured was converted into 9,300,000 shares. The said warrants expired on August 24, 2023.

 

On February 15, 2022, we entered into a forbearance agreements with the institutional investor relating to that certain Senior Secured Note. Pursuant to the forbearance agreement, the investor, through March 7, 2022, agreed to forbear from exercising any rights and remedies against the Company related to the outstanding payments and to waive certain other defaults under the Senior Secured Note and related rights pursuant to the registration rights agreement entered into in December 2020 between the Company and the investor.

 

On November 28, 2022, we entered into a forbearance agreements with the institutional investor relating to that certain Senior Secured Note. Pursuant to the forbearance agreement, the investor, through December 12, 2022, agreed to forbear from exercising any rights and remedies against the Company related to the outstanding payments and to waive certain other defaults under the Senior Secured Note and related rights pursuant to the registration rights agreement entered into in December 2020 between the Company and the investor.

 

On March 16, 2022, we issued to the investor a demand promissory note (the “Demand Note”) in the principal amount of $280,000 (the “Principal”) with an original issue discount of $40,000. The Demand Note is payable on demand at any time after the earlier to occur of (i) May 16, 2022, and (ii) the public or private offering of any securities by the Company (the “Next Subsequent Placement”). Any amount of Principal due under the Demand Note which is not paid when due shall result in a late charge being incurred and payable by the Company in an amount equal to interest on such amount at the rate of fifteen percent (15%) per annum from the date such amount was due until the same is paid in full (the “Late Charges”). With the agreement, the Principal and accrued and unpaid Late Charges under the Demand Note and amounts owed under the Senior Secured Note may be applied to all, or any part, of the purchase price of securities to be issued upon the consummation of an offering of securities by the Company to the investor. So long as any amounts remain outstanding under the Demand Note or the Senior Secured Note, all cash proceeds received by the Company on or after issuance of the Demand Note from the Next Subsequent Placement or any other sales of any securities of the Company shall be used to (x) first, repay the Demand Note and (y) second, repay the Senior Secured Note.

 

We entered into a forbearance agreements with the institutional investor relating to that certain Senior Secured Note. Pursuant to the forbearance agreement, the investor, through January 31, 2023, agreed to forbear from exercising any rights and remedies against the Company related to the outstanding payments and to waive certain other defaults under the Senior Secured Note and related rights pursuant to the registration rights agreement.

 

 

 

12

 

 

On June 15, 2022, the Company entered into a Securities Purchase Agreement providing for the issuance of the Convertible Promissory Note in the principal amount of $154,250.00. ($154,000 net of issuance expenses). The Convertible Promissory Note carry interest of 9% and due on June 15, 2023. On May 2023 the loan was convertible into 7,481,233 shares.

 

In the period of January through March 2023, the Company entered into a Securities Purchase Agreement providing for the issuance of the Convertible Promissory Note in the principal amount of $35,000.00. ($35,000 net of issuance expenses). The Convertible Promissory Note carry interest of 5% and due on June 15, 2023.

 

On June 12, 2023, the Company entered into a Securities Purchase Agreement providing for the issuance of the Convertible Promissory Note in the principal amount of $65,000.00. ($165,000 net of issuance expenses). The Convertible Promissory Note carry interest of 5% and due on August 1, 2023.

 

On October 13, 2023, the Company entered into a Securities Purchase Agreement providing for the issuance of the Convertible Promissory Note in the principal amount of $24,993 ($25,000 net of issuance expenses). The Convertible Promissory Note carry interest of 5% and due on January 1, 2024.

 

Interest expenses amounted to $18,058 for the nine months ended May 31, 2024.

 

Note 6 – Commitments and Contingencies

 

The company had a lease of laboratory in Rehovot, Israel, the monthly lease was $6,500 per month.

 

The lease was terminated at the end of February 2024.

 

Note 7 – Subsequent Events

 

On June 1, 2024, the company issued 1,000,000 shares as a result of a convertible of a loan at the total of $11,491.

 

 

 

 

 

 

 

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

 

Company Overview

 

We are a pre-clinical-stage, platform technology biopharmaceutical company which has developed proprietary innovative medicines in areas of significant unmet medical needs in oncology, with a current focus on colorectal cancer ("CRC"). Our drug candidate under development for colon cancer is RCC-33, a first-in-class therapy being developed primarily in two settings: one to reduce tumor cell activity in colon cancer patients as a standalone in neoadjuvant treatment or "window of opportunity" at the time after colonoscopy, prior to cancer staging; and another for patients with refractory to therapy and adjuvant to surgery also at the time after colonoscopy. The Company hopes to start first in human Phase I/II clinical trials in 2024. Neoadjuvant treatment is the administration of a therapy before the surgical treatment to improve patient outcome, and our business strategy is to advance our programs through clinical studies including with partners, and to opportunistically add programs in areas of high unmet medical needs through acquisition, collaboration, or internal development.

 

Results of Operations

 

For the Three Months Ended May 31, 2023 and 2022

 

 

Revenues

 

For the three months ended May 31, 2024, there were no incomes, compared to $310,165 for the three months ended May 31, 2023

The company revenues are consisting of laboratory services.

 

Operating Expenses

 

For the three months ended May 31, 2024, our total operating expenses were $152,278 compared to $483,247 for the three months ended May 31, 2023, resulting in a decrease of $330,969. The decrease is attributable to a decrease of $110,738 in general administration, and sales and marketing expenses and a decrease of $220,231 in research and development expenses due to a reduction in the company's activities.

 

We realized financial loss of $21,646 for the three months ended May 31st, 2024, compared to $18,392 for the three months ended May 31, 2023.

 

As a result, the net loss was $130,632 for the three months ended May 31st, 2024, compared to a net loss of $154,690 for the three months ended May 31, 2023.

 

Net Loss

 

Net loss was $130,632 compared to net loss $154,690 for the three months ended May 31st, 2024, for the reasons noted supra.

 

For the nine Months Ended May 31st, 2024 and 2023

 

Revenues

 

For the nine months ended May 31, 2024, our total income $130,074 compared to $310,165 for the nine months ended May 31, 2023.

 

The company revenues consist of laboratory services.

 

 

 

 

Operating Expenses

 

For the nine months ended May 31, 2024, our total operating expenses were $660,680 compared to $1,080,046 for the nine months ended May 31, 2023, resulting in a decrease of $419,366. The decrease is attributable to a decrease of $349,758 in general administration, and sales and marketing expenses mostly due to decrease in salaries of $120,100, share based payment of $40,760 $ and Professional services of $83,504 and a decrease of $69,608 in research and development expenses.

 

We realized financial loss of $15,075 for the nine months ended May 31, 2024, compared to financial income of $28,499 for the nine months ended May 31, 2023. The increase in financial loss was mainly attributable to Currency exchange differences.

 

We incurred capital loss from a realization of equipment of $88,934 for the nine months ended May 31, 2024, compared to a capital loss of $2,395,298 for the nine months ended May 31, 2023 incurred form a realization of the Company’s shares held in Sativus Inc.

 

As a result, the net loss was $634,614 for the nine months ended May 31, 2024, compared to a net loss of $3,136,680 for the nine months ended May 31, 2023.

 

Net loss

 

Net loss was $634,614 compared to $3,136,680 for the nine months ended May 31, 2024 and May 31, 2023, for the reasons explained supra.

 

Liquidity and Capital Resources

 

Overview

 

As of May 31, 2024, we had $73,406 in cash compared to $129,696 on August 31, 2023. We expect to incur a minimum of $1,000,000 in expenses during the next twelve months of operations. We estimate that these expenses will be comprised primarily of general expenses including overhead, legal and accounting fees, research and development expenses, and fees payable to outside medical centers for clinical studies.

 

Liquidity and Capital Resources during the nine Months Ended May 31, 2023 compared to the nine Months Ended May 31, 2022

 

We used cash in operations of $196,019 for the nine months ended May 31, 2024, compared to cash used in operations of $133,038 for the nine months ended May 31, 2023. The negative cash flow from operating activities for the nine months ended May 31, 2024, is primarily attributable to the Company's net loss from operations of $634,614, offset by depreciation of $72,320, capital loss of $88,934, an increase in accounts payables and accrued liabilities of $67,809, an decrease of $87,991 in account receivables and prepaid expenses, and share based payment in a total of $104,745.

 

We had cash flow from investing activities of $113,477 during the nine months ended May 31, 2024, compared to cash flow investing activities of $24,702 for the nine months ended May 31, 2023. The cash flow from investing activities is mainly due to sale of equipment of $114,673.

 

We had cash flow from financing activities of $26,252 convertible loan during the nine months ended May 31, 2024, compared to $34,972 convertible loan for the nine months ended May 31, 2023.

 

We will have to raise funds to pay for our expenses. We may have to borrow money from shareholders, issue equity or enter into a strategic arrangement with a third party. There can be no assurance that additional capital will be available to us. We currently have no arrangements or understandings with any person to obtain funds through bank loans, lines of credit or any other sources. Since we have no such arrangements or plans currently in effect, our inability to raise funds for our operations will have a severe negative impact on our ability to remain a viable company.

 

 

 

 

Going Concern

 

Due to the uncertainty of our ability to meet our current operating and capital expenses, our independent auditors included an explanatory paragraph in their report on the audited financial statements for the year ended August 31, 2023 regarding concerns about our ability to continue as a going concern. Our financial statements contain additional note disclosures describing the circumstances that lead to this disclosure by our independent auditors.

 

Our unaudited financial statements have been prepared on a going concern basis, which assumes the realization of assets and settlement of liabilities in the normal course of business. Our ability to continue as a going concern is dependent upon our ability to generate profitable operations in the future and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they become due. The outcome of these matters cannot be predicted with any certainty at this time and raise substantial doubt that we will be able to continue as a going concern. Our unaudited financial statements do not include any adjustments to the amount and classification of assets and liabilities that may be necessary should we be unable to continue as a going concern.

 

There is no assurance that our operations will be profitable. Our continued existence and plans for future growth depend on our ability to obtain the additional capital necessary to operate either through the generation of revenue or the issuance of additional debt or equity.

 

Off-Balance Sheet Arrangements

 

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

 

Critical Accounting Policies

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make a number of 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. Such estimates and assumptions affect the reported amounts of revenues and expenses during the reporting period. We base our estimates on historical experiences and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions and conditions. We continue to monitor significant estimates made during the preparation of our financial statements. On an ongoing basis, we evaluate estimates and assumptions based upon historical experience and various other factors and circumstances. We believe our estimates and assumptions are reasonable in the circumstances; however, actual results may differ from these estimates under different future conditions.

 

See Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and Note 2, “Summary of Significant Accounting Policies” in our audited consolidated financial statements for the year ended August 31, 2023, included in our Annual Report on Form 10-K as filed on November 30^th, 2023, for a discussion of our critical accounting policies and estimates.

 

 

 

 

 

 

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

 

The disclosure required under this item is not required to be reported by smaller reporting companies; as such term is defined by Item 503(e) of Regulation S-K.

 

Item 4. Controls and Procedures.

 

(a)

Evaluation of Disclosure Controls and Procedures

 

The Company maintains a set of disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act) designed to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and is accumulated and communicated to the Company’s management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. In accordance with Rule 13a-15(b) of the Exchange Act, as of the end of the period covered by this Quarterly Report on Form 10-Q, an evaluation was carried out under the supervision and with the participation of the Company’s management, including its Chief Executive Officer, Chief Financial Officer and the full Audit Committee, of the effectiveness of its disclosure controls and procedures. The Audit Committee assessed, reviewed and determined that the Company’s disclosure controls and procedures were effective as to this quarterly filing. Based on that evaluation, The Board accepted and ratified the findings of the Audit Committee that the Company’s disclosure controls and procedures, as of May 31^st, 2023, the end of the period covered by this Quarterly Report on Form 10-Q, were effective to provide reasonable assurance that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and is accumulated and communicated to the Company’s management, including the Chief Executive Officer, Chief Financial Officer, and Audit Committee as appropriate to allow timely decisions regarding required disclosure.

 

(b)

Changes in Internal Control over Financial Reporting

 

Since our annual report, the Company has maintained an Audit Committee to better review our internal financial reporting. There were no other changes in our internal control over financial reporting during the period ending May 31, 2024, that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

(c)

Limitations on the Effectiveness of Internal Controls

 

Readers are cautioned that our management does not expect that our disclosure controls and procedures or our internal control over financial reporting will necessarily prevent all fraud and material error. An internal control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our control have been detected. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any control design will succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate.

 

 

 

 

 

 

PART II - OTHER INFORMATION

 

Item 1. Legal Proceedings

 

None.

 

Item 1A. Risk Factors

 

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

 

Item 2. Recent Sale of Unregistered Securities

 

None.

 

Item 5. Other Information

 

During the quarter ended May 31, 2024, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

 

Item 6. Exhibits

 

Exhibit 31.1*	Certification by the Principal Executive Officer of Registrant pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Rule 13a-14(a) or Rule 15d-14(a)).
Exhibit 31.2*	Certification by the Principal Financial Officer of Registrant pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Rule 13a-14(a) or Rule 15d-14(a)).
Exhibit 32.1**	Certification by the Principal Executive Officer pursuant to 18 U.S.C. 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
Exhibit 32.2**	Certification by the Principal Financial Officer pursuant to 18 U.S.C. 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS***	XBRL Instance Document
101.SCH***	XBRL Taxonomy Extension Schema Document
101.CAL***	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF***	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB***	XBRL Taxonomy Extension Label Linkbase Document
101.PRE***	XBRL Taxonomy Extension Presentation Linkbase Document

______________________________

*	Filed herewith.
**	Furnished herewith.
***	XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

	CNBX Pharmaceuticals Inc.
Date: July 15, 2024	By:	/s/ Eyal Barad
		Eyal Barad
	Title:	Chief Executive Officer (Principal Executive Officer)
Date: July 15, 2024	By:	/s/ Uri Ben Or
		Uri Ben Or
	Title:	Chief Financial Officer (Principal Financial Officer)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit 31.1

 

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

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

AS ADOPTED PURSUANT TO SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

 

I, Eyal Barad, certify that:

 

1.	I have reviewed this Form 10-Q of CNBX PHARMACEUTICALS 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 present 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 13-a-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 our 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 involved management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

Date: July 15, 2024	By:	/s/ Eyal Barad
		Eyal Barad
		Director, Chief Executive Officer CNBX PHARMACEUTICALS INC.

 

Exhibit 31.2

 

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

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

AS ADOPTED PURSUANT TO SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

 

I, Uri Ben Or, certify that:

 

1.	I have reviewed this Form 10-Q of CNBX PHARMACEUTICALS 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 present 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 13-a-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 our 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 involved management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

 

Date: July 15, 2024	By:	/s/ Uri Ben Or
		Uri Ben Or
		Chief Financial Officer CNBX PHARMACEUTICALS INC.

 

 

 

Exhibit 32.1

 

CERTIFICATION OF

PRINCIPAL EXECUTIVE OFFICER

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

AS ADOPTED PURSUANT TO SECTION 906 OF

THE SARBANES-OXLEY ACT OF 2002

 

 

 

In connection with this Quarterly Report of CNBX PHARMACEUTICALS INC. (the “Company”) on Form 10-Q for the quarter ending May 31st, 2024, as filed with the U.S. Securities and Exchange Commission on the date hereof (the “Report”), I, Eyal Barad, Director and Chief Executive Officer (Principal Executive Officer) of the Company, certify to the best of my knowledge, pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Sec. 906 of the Sarbanes-Oxley Act of 2002, that:

 

1.	Such Quarterly Report on Form 10-Q for the quarter ending May 31st, 2024, 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 such Quarterly Report on Form 10-Q for the quarter ending May 31st, 2024, fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

 

Date: July 15, 2024	By:	/s/ Eyal Barad
		Eyal Barad
		Director, Chief Executive Officer CNBX PHARMACEUTICALS INC.

 

 

Exhibit 32.2

 

CERTIFICATION OF

PRINCIPAL FINANCIAL OFFICER

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

AS ADOPTED PURSUANT TO SECTION 906 OF

THE SARBANES-OXLEY ACT OF 2002

 

In connection with this Quarterly Report of CNBX PHARMACEUTICALS INC. (the “Company”) on Form 10-Q for the quarter ending May 31st, 2024, as filed with the U.S. Securities and Exchange Commission on the date hereof (the “Report”), I, Uri Ben Or, Chief Financial Officer (Principal Financial Officer) of the Company, certify to the best of my knowledge, pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Sec. 906 of the Sarbanes-Oxley Act of 2002, that:

 

1.	Such Quarterly Report on Form 10-Q for the quarter ending May 31st, 2024, 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 such Quarterly Report on Form 10-Q for the quarter ending May 31st, 2024, fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Date: July 15, 2024	By:	/s/ Uri Ben Or
		Uri Ben Or
		Chief Financial Officer CNBX PHARMACEUTICALS INC.

 

v3.24.2

Cover - shares	9 Months Ended
	May 31, 2024	Jul. 14, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	May 31, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2025
Current Fiscal Year End Date	--08-31
Entity File Number	000-52403
Entity Registrant Name	CNBX PHARMACEUTICALS INC.
Entity Central Index Key	0001343009
Entity Tax Identification Number	46-5644005
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	#3 Bethesda Metro Center
Entity Address, Address Line Two	Suite 700
Entity Address, City or Town	Bethesda
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20814
City Area Code	(877)
Local Phone Number	424-2429
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		31,111,352

v3.24.2

Consolidated Balance Sheets (Unaudited) - USD ($)	May 31, 2024	Aug. 31, 2023
Current assets:
Cash and cash equivalents	$ 73,406	$ 129,696
Prepaid expenses and other receivables	6,621	94,612
Total current assets	80,027	224,308
Equipment, net	0	274,731
Total assets	80,027	499,039
Current liabilities:
Accounts payable and accrued liabilities	189,820	335,915
Convertible loan	1,293,847	1,343,584
Due to a related party	1,050,731	836,829
Total current liabilities	2,534,398	2,516,328
Stockholders' equity (deficit):
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $0.0001 par value, 900,000,000 shares authorized, 3,111,352 and 22,611,352 shares issued and outstanding at May 31, 2024 and August 31, 2023 respectively	3,111	2,261
Additional paid-in capital	22,436,334	22,239,652
Accumulated deficit	(24,893,816)	(24,259,202)
Total stockholders' equity (deficit)	(2,454,371)	(2,017,289)
Total liabilities and stockholders' equity	$ 80,027	$ 499,039

v3.24.2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	May 31, 2024	Aug. 31, 2023
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Outstanding	0	0
Preferred Stock, Shares Issued	0	0
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	900,000,000	900,000,000
Common Stock, Shares, Issued	3,111,352	22,611,352
Common Stock, Shares, Outstanding	3,111,352	22,611,352

v3.24.2

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Income Statement [Abstract]
Revenues	$ 0	$ 310,165	$ 130,074	$ 310,165
Operating expenses:
Research and development expense	42,884	263,115	268,722	338,330
General and administrative expenses	109,394	220,132	391,958	741,716
Total operating expenses	152,278	483,247	660,680	1,080,046
Loss from operations	(152,278)	(173,082)	(530,606)	(769,881)
Other income
Capital Gain (loss)	0	0	(88,934)	(2,395,298)
Financial Income (loss)	21,646	18,392	(15,074)	28,499
Net loss	(130,632)	(154,690)	(634,614)	(3,136,680)
Profit (loss) from available for sale assets	0	0	0	(59,870)
Total comprehensive (income) loss	$ (130,632)	$ (154,690)	$ (634,614)	$ (3,196,550)

v3.24.2

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Income Statement [Abstract]
Earnings Per Share, Basic	$ (0.00)	$ (0.02)	$ (0.02)	$ (0.78)
Earnings Per Share, Diluted	$ (0.00)	$ (0.02)	$ (0.02)	$ (0.78)
Weighted Average Number of Shares Outstanding, Basic	31,111,352	9,265,865	29,964,272	4,030,048
Weighted Average Number of Shares Outstanding, Diluted	31,111,352	9,265,865	29,964,272	4,030,048

v3.24.2

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Warrants Membe [Member]	AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Aug. 31, 2022	$ 124	$ 18,031,869	$ 3,459,510	$ (2,574,846)	$ (20,548,968)	$ (1,632,311)
Beginning balance, shares at Aug. 31, 2022	1,238,659
Share based payment		145,505				145,505
Exercise of CLA to shares	$ 1,479	468,652				470,131
Exercise of CLA to shares	14,795,073
Net Loss					(3,136,680)	(3,136,680)
Realization of available for sale asset				2,243,913		2,243,913
Ending balance, value at May. 31, 2023	$ 1,603	18,646,026	3,459,510	(330,933)	(23,685,648)	(1,909,442)
Beginning balance, shares at May. 31, 2023	16,033,732
Beginning balance, value at Feb. 28, 2023	$ 222	18,390,628	3,459,510	(330,933)	(23,530,958)	(2,011,531)
Beginning balance, shares at Feb. 28, 2023	2,190,138
Share based payment		34,975				34,975
Exercise of CLA to shares	$ 1,381	220,423				221,804
Exercise of CLA to shares	13,843,594
Net Loss					(154,690)	(154,690)
Ending balance, value at May. 31, 2023	$ 1,603	18,646,026	3,459,510	(330,933)	(23,685,648)	(1,909,442)
Beginning balance, shares at May. 31, 2023	16,033,732
Beginning balance, value at Aug. 31, 2023	$ 2,261	22,239,652	0	0	(24,259,202)	(2,017,289)
Beginning balance, shares at Aug. 31, 2023	22,611,352
Share based payment		104,745				104,745
Exercise of CLA to shares	$ 850	91,937				92,787
Exercise of CLA to shares	8,500,000
Net Loss					(634,614)	(634,614)
Ending balance, value at May. 31, 2024	$ 3,111	22,436,334	0	0	(24,893,816)	(2,454,371)
Beginning balance, shares at May. 31, 2024	31,111,352
Beginning balance, value at Feb. 29, 2024	$ 3,111	22,401,539	0	0	(24,763,184)	(2,358,534)
Beginning balance, shares at Feb. 29, 2024	31,111,352
Share based payment		34,795				34,795
Net Loss					(130,632)	(130,632)
Ending balance, value at May. 31, 2024	$ 3,111	$ 22,436,334	$ 0	$ 0	$ (24,893,816)	$ (2,454,371)
Beginning balance, shares at May. 31, 2024	31,111,352

v3.24.2

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	May 31, 2024	May 31, 2023
Cash flows from operating activities:
Net Loss	$ (634,614)	$ (3,136,680)
Adjustments required to reconcile net loss to net cash used in operating activities:
Depreciation	72,320	123,569
Interest on loans	16,798	0
Capital Loss	88,934	2,395,298
Convertible loan valuation	0	9,033
Share based payment	104,745	145,505
Changes in operating assets and liabilities:
Accounts Receivable and pre paid expenses	87,991	(223,873)
Accounts payable and accrued liabilities	67,807	554,110
Net cash used in operating activities	(196,019)	(133,038)
Cash flows from investing activities:
Proceeds from sale of available for sale investments	0	24,702
Sale of equipment	114,673	0
Acquisition of equipment	(1,196)	0
Net cash gain in investing activities	113,477	24,702
Cash flows from financing activities:
Convertible loan	26,252	34,972
Proceeds from sale of common stock	0	0
Costs of raising capital	0	0
Net cash provided by financing activities	26,252	34,972
Effect of exchange rate fluctuations on cash	0	0
Net decrease in cash	(56,290)	(73,364)
Cash and cash equivalents at beginning of the Period	129,696	117,515
Cash and cash equivalents at end of the Period	73,406	44,151
Significant non-cash transactions:
Exercise of a Convertible loan to shares of common stock.	$ 92,787	$ 470,131

v3.24.2

Pay vs Performance Disclosure - USD ($)	3 Months Ended		9 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (130,632)	$ (154,690)	$ (634,614)	$ (3,136,680)

v3.24.2

Insider Trading Arrangements	3 Months Ended
	May 31, 2024
Trading Arrangements, by Individual [Table]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

v3.24.2

Nature of Business, Presentation and Going Concern	9 Months Ended
	May 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business, Presentation and Going Concern	Note 1 – Nature of Business, Presentation and Going Concern   Organization   CNBX Pharmaceuticals Inc. (the “Company”), was incorporated in the State of Nevada, on September 15, 2004, under the name of Thrust Energy Corp.   On September 30, 2010, we increased our authorized capital to 900 million shares of common stock (par value $0.0001) and 100 million shares of preferred stock (par value $0.0001) and effected a 20-for-1 reverse split of our issued and outstanding common stock. As a result of the reverse split, our issued and outstanding common stock was reduced from 13,604,000 shares to 680,202 common shares, 100,000,000 preferred shares were unaffected.   On April 25, 2014, the Company experienced a change in control. Cannabics, Inc. (“Cannabics”) acquired a majority of the issued and outstanding common stock of the Company in accordance with stock purchase agreements. On the closing date, April 25, 2014, pursuant to the terms of the Stock Purchase Agreement, CNBX Pharmaceuticals Inc. purchased 41,000,000 shares of the Company’s outstanding restricted common stock for $198,000, representing 51%.   On May 21, 2014, the Company changed its name, via merger in the state of Nevada, to CNBX Pharmaceuticals Inc. The Company’s principal offices are in Bethesda, Maryland. The Company changed its course of business to laboratory research and development.   On June 19, 2014, FINRA granted final approval of Change of Name & Ticker Symbol of the Corporation from American Mining Corporation to CNBX PHARMACEUTICALS INC., with the new Ticker Symbol of “CNBX”. Said approval was predicated upon CNBX Pharmaceuticals Inc.’s filing of Articles of Merger with American Mining Corporation with the Nevada Secretary of State on May 21st, 2014. Under the laws of the State of Nevada, CNBX Pharmaceuticals Inc. was merged with and into the Registrant, with the Registrant being the surviving entity. The Merger was completed under Section 92A.180 of the Nevada Revised Statutes, Chapter 92A, as amended, and as such, does not require the approval of the stockholders of either the Registrant or CNBX Pharmaceuticals Inc.   On August 25, 2014, the Company organized G.R.I.N. Ultra Ltd. (“GRIN”), an Israeli corporation, as a wholly-owned subsidiary. GRIN will provide research and development activities for the Company’s products in Israel.   On July 24, 2017, the Company announced its establishment of a genetics laboratory to develop diagnostic tools based on human genome, tumor genetics and specific cannabinoids.   On August 20, 2020, the Company announced the creation of a new Division for its Anti-Tumor drug candidate RCC-33, for the treatment of colorectal cancer. The emanates from the Company’s focus on a clinical validation path, including in-vivo experiments, collaborations with key medical centers, and the preparation of a product dossier with which the company plans to schedule a Pre IND-Meeting with the US FDA.    On October 18, 2021, the Company filed 2 new Provisional Patent applications on Compositions and Methods for treating cancer, including colorectal cancer and early intervention therapy for colorectal cancer patients.   On February 13, 2022, the company established a Nomination and Governance Committee.   On May 10, 2022, the Company filed a certificate of change (the “Certificate”) with the Secretary of State of the State of Nevada. Pursuant to the Certificate, the Company effectuated a one-for-one hundred twenty (1:120) reverse split of the issued and outstanding shares of common stock of the Company without changing the par value of the stock.   Basis of Presentation   The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial statement presentation and in accordance with Form 10-Q. Accordingly, they do not include all of the information and footnotes required in annual financial statements. In the opinion of management, the unaudited financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly the financial position and results of operations and cash flows. The results of operations presented are not necessarily indicative of the results to be expected for any other interim period or for the entire year.   These unaudited financial statements should be read in conjunction with our August 31, 2023 annual financial statements included in our Form 10-K, filed with the U.S. Securities and Exchange Commission (“SEC”) on November 30, 2023.   Principles of Consolidation   The consolidated financial statements include the accounts of the Company and its subsidiaries GRIN Ultra and Digestix Bioscience Inc. All significant inter-company balances and transactions have been eliminated in consolidation.   Going Concern   The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. While the Company has incurred a net loss of $634,614 for the nine months ended May 31, 2024, it has incurred cumulative losses since inception of $24,893,816. These conditions raise substantial doubt about the ability of the Company to continue as a going concern.   The ability of the Company to continue as a going concern is dependent upon its abilities to generate revenues, to continue to raise investment capital, and develop and implement its business plan. No assurance can be given that the Company will be successful in these efforts.   Research and Development Costs   The Company accounts for research and development costs in accordance with Accounting Standards Codification 730 “Research and Development” (“ASC 730”). ASC 730 requires that research and development costs be charged to expense when incurred. Research and development costs charged to expense were $268,722 and $338,330 for the nine months ended May 31, 2024 and 2023, respectively.   Reclassifications   Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported losses, total assets, or stockholders’ equity as previously reported.

v3.24.2

Related Party Transactions	9 Months Ended
	May 31, 2024
Accounting Policies [Abstract]
Related Party Transactions	Note 2 – Related Party Transactions   During the nine months ending May 31, 2024, the Company paid $73,732 in salaries, including socials benefits, to two directors, compared to $7,000 for the nine months ending May 31, 2023.   During the nine months ending May 31, 2024 the Company accrued $242,500 in salaries, including socials benefits, to two directors compared to $334,658 for the nine months ending May 31, 2023.   As of May 31, 2024, the Company had a balance outstanding payable to two directors: Gabriel Yariv and Eyal Barad in the total of $824,389 under Accounts payable and accrued liabilities.   The Company had a balance outstanding at May 31, 2024 and at May 31, 2023 of $223,645, payable to Cannabics, Inc. The advance is due on demand and bears no interest.   During the nine months ending May 31, 2024, the Company recorded a non-cash expense of $104,745 in share-based payment, to the company chairman, board members and advisor.

v3.24.2

Stockholders’ Equity (Deficit)	9 Months Ended
	May 31, 2024
Equity [Abstract]
Stockholders’ Equity (Deficit)	Note 3 – Stockholders’ Equity (Deficit)   Authorized Shares   The Company is authorized to issue up to 900,000,000 shares of common stock, par value $0.0001 per share. There is also 5,000,000 shares of Preferred stock, none of which has been issued. Each outstanding share of common stock entitles the holder to one vote per share on all matters submitted to a stockholder vote. All shares of common stock are non-assessable and non-cumulative, with no pre-emptive rights.   For the period ending at May 31, 2024, the company issued 8,500,000 shares as a result of a convertible of a loan at a total of $92,787.

v3.24.2

Realization of fixed assets	9 Months Ended
	May 31, 2024
Property, Plant and Equipment [Abstract]
Realization of fixed assets	Note 4 – Realization of fixed assets   On February 15, 2024, the Company realized all of its fixed assets in consideration of $114,673 and recorded a capital loss of $88,934.

v3.24.2

Private Placement of Notes and Warrant	9 Months Ended
	May 31, 2024
Debt Disclosure [Abstract]
Private Placement of Notes and Warrant	Note 5 – Private Placement of Notes and Warrant   On December 16, 2020, we entered into a Securities Purchase Agreement (“SPA”) with an institutional investor for a private placement of senior secured convertible notes totaling up to an aggregate of $2,750,000 to be issued in three tranches subject to the achievement of certain milestones. The convertible notes include a conversion right, at the Investor’s option, to convert the convertible notes into shares of our Common Stock at a conversion price equal to the lower of (i) $42 per share or (ii) eighty percent (80%) of the average of the two lowest daily volume-weighted average price for the Company’s Common Stock during the ten (10) consecutive trading days preceding the conversion date (the “notes”). The investor has the right to have the conversion price reduced if we issue Common Stock or convertible notes at a lower conversion price than $42 during the period that the notes are outstanding. The notes are due one year from issuance. The notes will be interest free, but in the event of a default, they will bear annual interest at a rate of 18.00%. The SPA and the notes contain events of default, including, among other things, failure to repay the notes by the maturity date, and bankruptcy and insolvency events, that would result in the imposition of the default interest rate.   On December 21, 2020, we closed the first tranche and issued a note in the amount of $825,000 (the “Initial Note”). On February 22, 2021, we closed the second tranche and issued a second note in the amount of $550,000 (the “Second Note”). On April 23, 2021, we closed the third tranche and issued a third note in the amount of $1,375,000 (the “Note”). The Initial Note was issued at a discount of $75,000; the Second Note was issued at a discount of $50,000; and the Note was issued at a discount of $125,000. In addition, we issued to the Investor 32,614 shares of Common Stock as pre-delivery shares in accordance with the terms of the SPA, which shares will be deducted from the total number of shares to be issued to the Investor upon conversion of the Initial Note.   On April 23, 2021, we entered into a senior secured promissory note (the “Senior Secured Note”) for $1,375,000 with the institutional investor. This follows the SPA, a restated securities purchase agreement dated as of February 22, 2021, as well as accompanying documents for an aggregate principal amount of $2,750,000 having an aggregate original issue discount of 10%, and ranking senior to all outstanding and future indebtedness of the Company. In addition, the SPA granted the investor a right to receive 100% warrant coverage, and we issued a warrant to the investor for up to 45,833 shares of our Common Stock, which expires three years from the issuance date of the warrant, with an exercise price of $60 per share. The warrant may be exercised and converted to Common Stock at the investor’s option at any time until the expiration date. These securities were issued in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act, and Regulation D promulgated thereunder, as these securities were sold to “accredited investors” within the meaning of Regulation D. During 2021, The Senior Secured was converted into 9,300,000 shares. The said warrants expired on August 24, 2023.   On February 15, 2022, we entered into a forbearance agreements with the institutional investor relating to that certain Senior Secured Note. Pursuant to the forbearance agreement, the investor, through March 7, 2022, agreed to forbear from exercising any rights and remedies against the Company related to the outstanding payments and to waive certain other defaults under the Senior Secured Note and related rights pursuant to the registration rights agreement entered into in December 2020 between the Company and the investor.   On November 28, 2022, we entered into a forbearance agreements with the institutional investor relating to that certain Senior Secured Note. Pursuant to the forbearance agreement, the investor, through December 12, 2022, agreed to forbear from exercising any rights and remedies against the Company related to the outstanding payments and to waive certain other defaults under the Senior Secured Note and related rights pursuant to the registration rights agreement entered into in December 2020 between the Company and the investor.   On March 16, 2022, we issued to the investor a demand promissory note (the “Demand Note”) in the principal amount of $280,000 (the “Principal”) with an original issue discount of $40,000. The Demand Note is payable on demand at any time after the earlier to occur of (i) May 16, 2022, and (ii) the public or private offering of any securities by the Company (the “Next Subsequent Placement”). Any amount of Principal due under the Demand Note which is not paid when due shall result in a late charge being incurred and payable by the Company in an amount equal to interest on such amount at the rate of fifteen percent (15%) per annum from the date such amount was due until the same is paid in full (the “Late Charges”). With the agreement, the Principal and accrued and unpaid Late Charges under the Demand Note and amounts owed under the Senior Secured Note may be applied to all, or any part, of the purchase price of securities to be issued upon the consummation of an offering of securities by the Company to the investor. So long as any amounts remain outstanding under the Demand Note or the Senior Secured Note, all cash proceeds received by the Company on or after issuance of the Demand Note from the Next Subsequent Placement or any other sales of any securities of the Company shall be used to (x) first, repay the Demand Note and (y) second, repay the Senior Secured Note.   We entered into a forbearance agreements with the institutional investor relating to that certain Senior Secured Note. Pursuant to the forbearance agreement, the investor, through January 31, 2023, agreed to forbear from exercising any rights and remedies against the Company related to the outstanding payments and to waive certain other defaults under the Senior Secured Note and related rights pursuant to the registration rights agreement.   On June 15, 2022, the Company entered into a Securities Purchase Agreement providing for the issuance of the Convertible Promissory Note in the principal amount of $154,250.00. ($154,000 net of issuance expenses). The Convertible Promissory Note carry interest of 9% and due on June 15, 2023. On May 2023 the loan was convertible into 7,481,233 shares.   In the period of January through March 2023, the Company entered into a Securities Purchase Agreement providing for the issuance of the Convertible Promissory Note in the principal amount of $35,000.00. ($35,000 net of issuance expenses). The Convertible Promissory Note carry interest of 5% and due on June 15, 2023.   On June 12, 2023, the Company entered into a Securities Purchase Agreement providing for the issuance of the Convertible Promissory Note in the principal amount of $65,000.00. ($165,000 net of issuance expenses). The Convertible Promissory Note carry interest of 5% and due on August 1, 2023.   On October 13, 2023, the Company entered into a Securities Purchase Agreement providing for the issuance of the Convertible Promissory Note in the principal amount of $24,993 ($25,000 net of issuance expenses). The Convertible Promissory Note carry interest of 5% and due on January 1, 2024.   Interest expenses amounted to $18,058 for the nine months ended May 31, 2024.

v3.24.2

Commitments and Contingencies	9 Months Ended
	May 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 6 – Commitments and Contingencies   The company had a lease of laboratory in Rehovot, Israel, the monthly lease was $6,500 per month.   The lease was terminated at the end of February 2024.

v3.24.2

Subsequent Events	9 Months Ended
	May 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 7 – Subsequent Events   On June 1, 2024, the company issued 1,000,000 shares as a result of a convertible of a loan at the total of $11,491.

v3.24.2

Nature of Business, Presentation and Going Concern (Policies)	9 Months Ended
	May 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization   CNBX Pharmaceuticals Inc. (the “Company”), was incorporated in the State of Nevada, on September 15, 2004, under the name of Thrust Energy Corp.   On September 30, 2010, we increased our authorized capital to 900 million shares of common stock (par value $0.0001) and 100 million shares of preferred stock (par value $0.0001) and effected a 20-for-1 reverse split of our issued and outstanding common stock. As a result of the reverse split, our issued and outstanding common stock was reduced from 13,604,000 shares to 680,202 common shares, 100,000,000 preferred shares were unaffected.   On April 25, 2014, the Company experienced a change in control. Cannabics, Inc. (“Cannabics”) acquired a majority of the issued and outstanding common stock of the Company in accordance with stock purchase agreements. On the closing date, April 25, 2014, pursuant to the terms of the Stock Purchase Agreement, CNBX Pharmaceuticals Inc. purchased 41,000,000 shares of the Company’s outstanding restricted common stock for $198,000, representing 51%.   On May 21, 2014, the Company changed its name, via merger in the state of Nevada, to CNBX Pharmaceuticals Inc. The Company’s principal offices are in Bethesda, Maryland. The Company changed its course of business to laboratory research and development.   On June 19, 2014, FINRA granted final approval of Change of Name & Ticker Symbol of the Corporation from American Mining Corporation to CNBX PHARMACEUTICALS INC., with the new Ticker Symbol of “CNBX”. Said approval was predicated upon CNBX Pharmaceuticals Inc.’s filing of Articles of Merger with American Mining Corporation with the Nevada Secretary of State on May 21st, 2014. Under the laws of the State of Nevada, CNBX Pharmaceuticals Inc. was merged with and into the Registrant, with the Registrant being the surviving entity. The Merger was completed under Section 92A.180 of the Nevada Revised Statutes, Chapter 92A, as amended, and as such, does not require the approval of the stockholders of either the Registrant or CNBX Pharmaceuticals Inc.   On August 25, 2014, the Company organized G.R.I.N. Ultra Ltd. (“GRIN”), an Israeli corporation, as a wholly-owned subsidiary. GRIN will provide research and development activities for the Company’s products in Israel.   On July 24, 2017, the Company announced its establishment of a genetics laboratory to develop diagnostic tools based on human genome, tumor genetics and specific cannabinoids.   On August 20, 2020, the Company announced the creation of a new Division for its Anti-Tumor drug candidate RCC-33, for the treatment of colorectal cancer. The emanates from the Company’s focus on a clinical validation path, including in-vivo experiments, collaborations with key medical centers, and the preparation of a product dossier with which the company plans to schedule a Pre IND-Meeting with the US FDA.    On October 18, 2021, the Company filed 2 new Provisional Patent applications on Compositions and Methods for treating cancer, including colorectal cancer and early intervention therapy for colorectal cancer patients.   On February 13, 2022, the company established a Nomination and Governance Committee.   On May 10, 2022, the Company filed a certificate of change (the “Certificate”) with the Secretary of State of the State of Nevada. Pursuant to the Certificate, the Company effectuated a one-for-one hundred twenty (1:120) reverse split of the issued and outstanding shares of common stock of the Company without changing the par value of the stock.
Basis of Presentation	Basis of Presentation   The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial statement presentation and in accordance with Form 10-Q. Accordingly, they do not include all of the information and footnotes required in annual financial statements. In the opinion of management, the unaudited financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly the financial position and results of operations and cash flows. The results of operations presented are not necessarily indicative of the results to be expected for any other interim period or for the entire year.   These unaudited financial statements should be read in conjunction with our August 31, 2023 annual financial statements included in our Form 10-K, filed with the U.S. Securities and Exchange Commission (“SEC”) on November 30, 2023.
Principles of Consolidation	Principles of Consolidation   The consolidated financial statements include the accounts of the Company and its subsidiaries GRIN Ultra and Digestix Bioscience Inc. All significant inter-company balances and transactions have been eliminated in consolidation.
Going Concern	Going Concern   The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. While the Company has incurred a net loss of $634,614 for the nine months ended May 31, 2024, it has incurred cumulative losses since inception of $24,893,816. These conditions raise substantial doubt about the ability of the Company to continue as a going concern.   The ability of the Company to continue as a going concern is dependent upon its abilities to generate revenues, to continue to raise investment capital, and develop and implement its business plan. No assurance can be given that the Company will be successful in these efforts.
Research and Development Costs	Research and Development Costs   The Company accounts for research and development costs in accordance with Accounting Standards Codification 730 “Research and Development” (“ASC 730”). ASC 730 requires that research and development costs be charged to expense when incurred. Research and development costs charged to expense were $268,722 and $338,330 for the nine months ended May 31, 2024 and 2023, respectively.
Reclassifications	Reclassifications   Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported losses, total assets, or stockholders’ equity as previously reported.

v3.24.2

Nature of Business, Presentation and Going Concern (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023	Aug. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net Income (Loss) Attributable to Parent	$ 130,632	$ 154,690	$ 634,614	$ 3,136,680
Retained Earnings (Accumulated Deficit)	24,893,816		24,893,816		$ 24,259,202
Research and Development Expense	$ 42,884	$ 263,115	$ 268,722	$ 338,330

v3.24.2

Related Party Transactions (Details Narrative) - USD ($)	9 Months Ended
	May 31, 2024	May 31, 2023	Aug. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Accounts Payable and Accrued Liabilities, Current	$ 189,820		$ 335,915
Share-Based Payment Arrangement, Noncash Expense	104,745	$ 145,505
Two Directors [Member]
Defined Benefit Plan Disclosure [Line Items]
Salary and Wage, NonOfficer, Excluding Cost of Good and Service Sold	73,732	7,000
Accrued Salaries	242,500	334,658
Gabriel Yariv And Eyal Barad [Member]
Defined Benefit Plan Disclosure [Line Items]
Accounts Payable and Accrued Liabilities, Current	824,389
Cannabics [Member]
Defined Benefit Plan Disclosure [Line Items]
Due to related party	$ 223,645	$ 223,645

v3.24.2

Stockholders’ Equity (Deficit) (Details Narrative) - USD ($)	9 Months Ended
	May 31, 2024	Aug. 31, 2023
Equity [Abstract]
Common Stock, Shares Authorized	900,000,000	900,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Debt Conversion, Converted Instrument, Shares Issued	8,500,000
Debt Conversion, Converted Instrument, Amount	$ 92,787

v3.24.2

Realization of fixed assets (Details Narrative) - USD ($)		3 Months Ended		9 Months Ended
	Feb. 15, 2024	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Property, Plant and Equipment [Abstract]
Proceeds from Sale of Other Property, Plant, and Equipment	$ 114,673			$ 114,673	$ 0
Capital Loss		$ 0	$ 0	$ 88,934	$ 2,395,298

v3.24.2

Private Placement of Notes and Warrant (Details Narrative) - USD ($)				3 Months Ended	9 Months Ended
	Apr. 23, 2021	Feb. 22, 2021	Dec. 21, 2020	Mar. 31, 2023	May 31, 2024	May 31, 2023	Jun. 12, 2023	Jun. 15, 2022	Mar. 16, 2022
Short-Term Debt [Line Items]
Proceeds from Convertible Debt					$ 26,252	$ 34,972
Interest Expense, Debt					16,798	$ 0
Demand Note [Member]
Short-Term Debt [Line Items]
Debt Instrument, Face Amount									$ 280,000
Securities Purchase Agreement [Member] | Senior Secured Note [Member]
Short-Term Debt [Line Items]
Proceeds from Notes Payable	$ 1,375,000
[custom:WarrantsIssuedShares]	45,833
Securities Purchase Agreement [Member] | Initial Note [Member]
Short-Term Debt [Line Items]
Proceeds from Notes Payable			$ 825,000
Debt Instrument, Unamortized Discount			$ 75,000
Securities Purchase Agreement [Member] | Second Note [Member]
Short-Term Debt [Line Items]
Proceeds from Notes Payable		$ 550,000
Debt Instrument, Unamortized Discount		$ 50,000
Securities Purchase Agreement [Member] | Third Note [Member]
Short-Term Debt [Line Items]
Proceeds from Notes Payable	$ 1,375,000
Debt Instrument, Unamortized Discount	$ 125,000
Securities Purchase Agreement [Member] | Pre Delivery Shares [Member] | The Investor [Member]
Short-Term Debt [Line Items]
Stock Issued During Period, Shares, Conversion of Convertible Securities			32,614
Convertible Promissory Note [Member]
Short-Term Debt [Line Items]
Debt Instrument, Face Amount				$ 35,000			$ 65,000	$ 154,250
Proceeds from Convertible Debt				$ 35,000
Interest Expense, Debt					$ 18,058

v3.24.2

Commitments and Contingencies (Details Narrative)	9 Months Ended
	May 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Monthly operating lease expense	$ 6,500

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