UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

Form 10-K

☒	Annual Report Under Section 13 or 15(d) of The Securities Exchange Act of 1934
	For the year ended July 31, 2020
	For the year ended July 31, 2021
☐	Transition Report Under Section 13 or 15(d) of The Securities Exchange Act of 1934
	For the transition period from _____________ to _____________

Commission file number 000-54338

GREEN HYGIENICS HOLDINGS INC.

(Exact name of registrant as specified in its charter)

Nevada		26-2801338
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

13795 Blaisdell Place, Suite 202, Poway, CA		92064
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: 1-855-802-0299

Securities registered pursuant to Section 12(g) of the Act:

Title of each class	Trading Symbol(s)	Name of exchange on which registered

Common Stock	GRYN	OTCMKTS

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant is a well-known seasoned issuer as defined in Rule 405 of the Securities Act. ☐ Yes ☒ No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. ☐ Yes ☒ No

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 completing 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 by Rule 12b-2 of the Exchange Act) ☐ Yes ☒ No

As of January 31, ~~2020~~2021, the last day of registrant’s second fiscal quarter, the aggregate market value of the registrant’s common stock, $0.001 par value, held by non-affiliates, computed by reference to the price at which the common equity was last sold prior to January 31, ~~2020~~2021, was approximately $2715,~~059~~549,~~863~~933. For purposes of the above statement only, all directors, executive officers and 10% shareholders are assumed to be affiliates. This determination of affiliate status is not necessarily a conclusive determination for other purposes.

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has fled all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes ☐ No ☐

APPLICABLE ONLY TO CORPORATE ISSUERS:

As at ~~October~~November 2910, ~~2020~~2021, the registrant had 4144,~~918~~126,~~638~~138 shares of common stock issued and outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

None.

Table of Contents

Part I
Item 1.	Business	3	3
Item 1A.	Risk Factors	6	5
Item 2.	Properties	12	11
Item 3.	Legal Proceedings	12	11
Item 4.	Mine Safety Disclosures	12	11
Part II
Item 5.	Market for Common Equity and Related Stockholder Matters	13	12
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	15	17
Item 8.	Financial Statements and Supplementary Data	~~F-1~~	F-1
Item 9.	Changes in and Disagreements with Accountants on Financial Disclosure	21	27
Item 9A.	Controls and Procedures	21	27
PART III
Item 10.	Directors, Executive Officers and Control Persons	22	28
Item 11.	Executive Compensation	26	31
Item 12.	Security Ownership of Certain Beneficial Owners and Management	27	32
Item 13.	Certain Relationships and Related Transactions	27	33
Item 14.	Principal Accounting Fees and Services	28	34
Item 15.	Exhibits	28	35
Signatures		29	36

Table of Contents

PART I

Item 1. Description of Business

COMPANY OVERVIEW

Green Hygienics Holdings Inc. (the "Company") was incorporated in the State of Nevada on June 12, 2008 as Silver Bay Resources Inc. On June 30, 2010, the Company changed its name to Takedown Entertainment Inc and on July 24, 2012, the Company changed its name to Green Hygienics Holdings Inc.

The Company seeks to be an innovative, full-scope, science-driven, premium hemp cultivation and branding enterprise focused on the cultivation and processing of industrial hemp for the purpose of extracting cannabidiol (“CBD”).

On June 1, 2017, the Company accepted the resignations of Rick Powell, Jim Loseth, and David Ashby as Directors and Officers of the Company and the Company accepted the appointment of Ronald Loudoun as President, Secretary, Treasurer, Interim Chief Financial Officer, and Director of the Company.

On October 30, 2018, Rick Powell (“Powell”) transferred 13,500,000 common shares of the Company by way of a Gifting Agreement to Alita Capital Inc. (“Alita”), a company controlled by Ronald Loudoun, and on October 30th, 2018, Wilderness Custom Exteriors Ltd. transferred 9,000,000 common shares by way of a Gifting Agreement to Alita.

Effective April 29, 2019, the Company entered into a definitive agreement with Coastal Labs, LLC (“Coastal”), a California limited liability company to acquire all of the assets of Coastal. The ~~total consideration for the assets would be, at the~~ Company’s election, $3,000,000 or a total of 2,000,000 shares of the Company’s common stock issuable over five years. In addition, the Company would enter into consulting agreements with each individual member of Coastal, or such entity as each respective member may designate, that sets forth ongoing compensation to each individual member of Coastal. The parties further agreed to form a new entity or arrange for the transfer of ownership of Coastal to a wholly-owned subsidiary of the Company to hold the acquired assets, to enter into an operating agreement that governs the operation of the assets, and to establish a board of directors for the subsidiary of up to 6 members, of whom 3, or half, whichever is ~~greater,~~no ~~shall~~longer bepursuing ~~nominees~~this ~~of Coastal. Further, the Company would assume all of Coastal’s contracts relating to sales and distribution of the products. The~~ acquisition ~~of the assets of Coastal has not closed, and either party may terminate the agreement at any time~~.

In June, 2019, the Company formed two wholly owned subsidiaries, Coastal Labs NC LLC (“Coastal NC”) and Green Hygienics NC LLC (“Green NC”) for the purpose of registering as an industrial hemp processor and cultivator in the State of North Carolina pursuant to the North Carolina Industrial Hemp Pilot Program.

On June 1014, 2019, the Company secured afrom ~~multiyear purchase order for~~ the ~~sale~~County of ~~hemp~~San toDiego ~~U.S.~~Department ~~Tobacco De Mexico. Under the terms~~ of ~~the contract~~Agriculture, ~~the~~Weights ~~Company~~and isMeasures ~~required to deliver~~ a ~~total~~registration ~~$56.4 million worth of hemp flower over a five-year period to US Tobacco De Mexico~~ for ~~use~~industrial ~~in the production of CBD~~ hemp ~~cigarettes.~~cultivation ~~Since~~as the issuance of the purchase order, the Company and US Tobacco De Mexico determined to renegotiate the purchase order due to several reasons, including production capacity and market price fluctuation. This contract has been cancelled due to the significant drop of more than 90% in wholesale price of hemp biomass which is used to make CBD hemp cigarettes. The parties are working on a ~~modified version of the deal~~grower.

On ~~June~~July 1422, 2019, the Company secured ~~from~~licenses for the ~~County~~processing of ~~San~~hemp ~~Diego~~in ~~Department~~the state of ~~Agriculture~~North Carolina. The licenses were granted to the Company’s newly formed subsidiary, ~~Weights~~Coastal ~~and~~NC, ~~Measures~~by athe ~~registration~~North ~~for~~Carolina ~~industrial~~Industrial ~~hemp~~Hemp Commission. The Company’s second subsidiary in the state is Green NC, which will be partnering for cultivation asthis ayear ~~grower.~~with the intention of meeting the earnings qualification to be licensed on its own for next year’s cultivation.

On ~~July~~August 2226, 2019, the Company ~~secured~~the ~~licenses~~completed ~~for~~the acquisition of 824 acres of land known as the ~~processing~~Potrero Ranch Property, located near San Diego, California for a purchase price of ~~hemp~~$4 inmillion. The Company is utilizing the ~~state~~land and buildings for industrial hemp for CBD cultivation. The property includes over 400,000 square feet of ~~North~~outbuildings ~~Carolina~~that are currently being converted into greenhouses. The ~~licenses~~Company ~~were~~entered ~~granted~~into toan agreement payable with the ~~Company’s~~seller ~~newly~~of ~~formed~~the ~~subsidiary,~~property ~~Coastal~~for NC$2,750,000 for a portion of the purchase price. The terms of the agreement are monthly payments of interest only at the rate of 6% per annum. This debt is secured by a promissory note secured by a deed of trust on the ~~North~~real ~~Carolina~~property. ~~Industrial~~The ~~Hemp~~maturity ~~Commission~~date of the debt is August 23, 2024. The Company’s ~~second~~also ~~subsidiary~~entered ininto an agreement payable for $1,760,000 with monthly payments of interest only at the ~~state~~rate of 15% per annum. This debt is ~~Green~~also ~~NC,~~secured ~~which~~by ~~will~~a bepromissory ~~partnering~~note ~~for~~secured ~~cultivation~~by ~~this~~a ~~year~~second ~~with~~charge on the ~~intention~~deed of ~~meeting~~trust on the ~~earnings~~real ~~qualification~~property. toThe bematurity ~~licensed~~date onof ~~its~~this ~~own~~debt ~~for~~is ~~next~~August ~~year’s~~15, ~~cultivation~~2024.

3In ~~Table~~October of2019, ~~Contents~~the Company entered into an agreement to purchase the real property located at 13795 Blaisdell Place, Poway, California 92064. The closing conditions were not met and the Company is no longer pursuing this facility.

OnIn ~~August~~April 262020, ~~2019,~~ the Company ~~the~~received ~~completed~~USDA ~~the~~Organic ~~acquisition~~Certification ~~of 824 acres of land known as the Potrero Ranch Property, located near San Diego, California~~ for aits ~~purchase~~824-acre ~~price~~farm ~~of $4 million. The Company is utilizing the land~~ and ~~buildings for industrial hemp for CBD cultivation. The property includes over~~ 400,000 square feet of ~~outbuildings that~~greenhouse ~~are currently being converted into greenhouses~~space. The Company ~~entered~~considers ~~into~~the anUSDA ~~agreement~~Organic ~~payable~~Certification ~~with~~to ~~the~~be ~~seller~~one of the ~~property~~most ~~for~~recognized ~~$2,750,000~~certifications ~~for~~among aUS ~~portion~~consumers ofand ~~the~~provides ~~purchase~~another ~~price.~~level ~~The terms~~ of ~~the~~assurance ~~agreement~~to ~~are~~shoppers ~~monthly~~who ~~payments~~may ofbe ~~interest~~concerned ~~only~~about at the ~~rate~~safety of 6%CBD ~~per annum~~products. ~~This~~In ~~debt~~addition isto ~~secured~~assuring bythat ano ~~promissory~~synthetic ~~note~~fertilizers, ~~secured~~pesticides, byor aherbicides ~~deed~~have ofbeen ~~trust~~used onin the ~~real~~cultivation ~~property. The maturity date~~ of ~~the debt is August 23~~hemp, ~~2024.~~the ~~The~~USDA ~~Company~~organic ~~also~~certification ~~entered~~ensures ~~into~~that anfarmers ~~agreement~~are ~~payable~~using ~~for~~tillage ~~$1,760,000~~and ~~with~~cultivation ~~monthly~~practices ~~payments~~that ofmaintain ~~interest~~or ~~only~~improve at the ~~rate~~condition of ~~15%~~soil ~~per~~and ~~annum.~~minimize ~~This~~soil ~~debt~~erosion isthrough ~~also~~crop ~~secured~~rotations, bycover acrops ~~promissory~~and ~~note secured by a second charge on~~ the ~~deed~~application of ~~trust~~plant onand ~~the~~animal ~~real property~~materials. ~~The maturity date of this debt is August 15, 2024.~~

In3 ~~October~~Table 2019, the Company entered into an agreement to purchase the real property located at 13795 Blaisdell Place, Poway, California 92064, which includes a building containing approximately 15,048 square feet of R&D space on a 0.95 acre lot, for $4,000,000, of which $2,000,000 is payable in cash or common stock of the Company, and of which $2,000,000 would be financed pursuant to a promissory note and secured by a deed of trust on the property. The Company has until January 15, 2021 to obtain the necessary financing to consummate the transaction.Contents

InWe ~~April~~had ~~2020~~$507,312 ~~the~~in ~~Company~~cash ~~received~~as ~~USDA~~at ~~Organic~~July ~~Certification for its 824-acre farm and 400~~31,~~000~~ ~~square feet of greenhouse space~~2021. ~~The~~We ~~Company~~anticipate ~~considers~~that ~~the~~we ~~USDA~~will ~~Organic~~incur ~~Certification~~approximately to$240,000 befor ~~one~~administrative ofexpenses, ~~the~~including ~~most~~professional ~~recognized~~legal ~~certifications among US consumers~~ and ~~provides~~accounting ~~another~~expenses ~~level~~associated ofwith ~~assurance~~compliance towith ~~shoppers~~our ~~who~~periodic ~~may~~reporting berequirements ~~concerned~~over ~~about~~ the ~~safety~~next oftwelve ~~CBD products~~months. InWe ~~addition~~will toneed ~~assuring~~additional ~~that~~funding nofor ~~synthetic~~debt ~~fertilizers,~~obligations ~~pesticides,~~and orfor ~~herbicides have been used in~~ the cultivation ~~of hemp, the USDA organic certification ensures that farmers are using tillage~~ and ~~cultivation~~processing ~~practices that maintain or improve the condition~~ of ~~soil~~industrial ~~and~~hemp ~~minimize~~for ~~soil erosion through crop rotations, cover crops and~~ the ~~application~~purpose of ~~plant~~extracting ~~and animal materials~~CBD.

InWe ~~July~~are ~~2020,~~contemplating ~~the~~raising ~~Company~~additional ~~planted~~capital ~~its~~to ~~first~~finance ~~large~~our ~~scale~~business ~~hemp crops for cultivation~~operations. ~~The~~It ~~planting~~is ~~covers~~anticipated ~~approximately~~that ~~120~~funding ~~acres~~for ofthe ~~land and three greenhouses. The~~ Company ~~anticipates~~will ~~harvesting~~come ~~these~~from ~~initial~~one ~~crops~~or bymore ~~December~~of ~~31,~~the ~~2020.~~following ~~The~~means: ~~Company~~engaging ~~had previously planted a smaller crop~~ in ~~2019~~an ~~that~~offering ~~was~~of ~~fully~~our ~~impaired~~stock, ~~due~~engaging toin ~~unfavorable weather conditions. In the early growing stages~~borrowing, ~~the~~or ~~plants~~locating ~~were~~a ~~severely~~joint ~~damaged~~venture bypartner aor ~~sand~~partners. ~~storm~~(See Liquidity and ~~could~~Capital ~~not~~Resources befor ~~salvaged.~~more information).

WeOn ~~had~~March ~~$40~~2,~~538~~ in2021, ~~cash~~the asCompany atentered ~~July~~into ~~31,~~an ~~2020.~~Asset WePurchase ~~anticipate~~Agreement ~~that~~(the we“Primordia ~~will~~APA”) ~~incur~~with ~~approximately~~Primordia, ~~$240~~LLC (“Primordia”),~~000~~ ~~for~~a ~~administrative~~Nevada ~~expenses,~~limited ~~including~~liability ~~professional~~company. ~~legal~~Pursuant ~~and~~to ~~accounting~~the ~~expenses~~Primordia ~~associated~~APA, ~~with~~the ~~compliance~~Company ~~with~~acquired ~~our~~from ~~periodic~~Primordia ~~reporting~~certain ~~requirements~~assets ~~over~~for the ~~next~~purchase ~~twelve~~price ~~months~~of $431,137. WeThe ~~will~~Company ~~need~~paid ~~additional~~Primordia ~~funding~~$25,000 ~~for~~and issued a $406,137 Promissory Note (the ~~cultivation~~“Note”). ~~and~~The ~~processing~~Note ofmatures ~~industrial~~March ~~hemp~~2, ~~for~~2022, ~~the~~and ~~purpose~~carries ofa ~~extracting~~per ~~CBD~~annum interest rate of 4.75%.

WeOn ~~are~~March ~~contemplating~~15, ~~raising~~2021, ~~additional~~the ~~capital~~Company toentered ~~finance~~into ~~our~~an ~~business~~Asset ~~operations.~~Purchase ItAgreement ~~is anticipated that funding for~~ (the ~~Company~~“Castillo ~~will~~APA”) ~~come~~with ~~from~~Castillo ~~one~~Seed orL.L.C. ~~more~~(“Castillo”), ofa ~~the~~Puerto ~~following~~Rico ~~means:~~limited ~~engaging~~liability incompany. anPursuant ~~offering~~to ofthe ~~our~~Castillo ~~stock~~APA, ~~engaging~~the inCompany ~~borrowing,~~acquired ~~or locating~~from aCastillo ~~joint~~certain ~~venture~~assets ~~partner~~per orthe ~~partners.~~Castillo ~~(See~~APA ~~Liquidity~~in ~~and~~exchange ~~Capital~~for ~~Resources~~60,000 ~~for~~shares ~~more~~of ~~information)~~restricted common stock.

4On ~~Table~~April 14, 2021, the Company entered into an Asset Purchase Agreement (the “Admay APA”) with Admay, Inc (“Admay”), a Wyoming company. Pursuant to the Admay APA, the Company can acquire from Admay certain assets per the APA in exchange for up to $2,822,000 (the “Purchase Price”). The Purchase Price will be a combination of ~~Contents~~cash and restricted shares of common stock of the Company. On April 15, 2021, the APA was consummated and the Company agreed to pay $162,400 for the purchase of the brands American Hemp and Diablo related to hemp cigarettes only and part of the inventory (the “Initial Purchase”). The Company is not obligated to buy any additional inventory. As of July 31, 2021, the Company had paid $10,000 of the Initial Purchase.

~~BANKRUPTCY~~On ORAugust ~~SIMILAR~~20, ~~PROCEEDINGS~~2021, Green Hygienics Properties, LLC (“GHP”) executed a Purchase and Sale Agreement (the “PSA”) to acquire 95,625+- acres, located in Lincoln County, North Carolina (the “Lincoln Property”). The Company is the sole member of GHP, and Mr. Loudoun, the Company’s CEO is the Manager of GHP. The property located just outside of Charlotte, North Carolina, includes approximately 170,000 square feet of industrial buildings. The Company plans to utilize the Lincoln Property to launch its industrial hemp manufacturing division, with a goal to produce hemp derived food grade products and fiber for textiles. Pursuant to the PSA, the closing for the purchase of the Lincoln Property is to occur on or before November 30, 2021, subject to due diligence, for a cash payment of $2,400,000, of which $25,000 has been put into an escrow account.

WeBANKRUPTCY ~~have~~OR ~~not~~SIMILAR ~~been the subject of a bankruptcy, receivership or similar proceedings.~~PROCEEDINGS

~~PRODUCTS~~We ~~AND~~have ~~SERVICES~~not been the subject of a bankruptcy, receivership or similar proceedings.

OnPRODUCTS ~~August~~AND 24, 2019, the Company executed a Purchase and Sale Agreement to acquire the 824 Potrero ranch Property near San Diego, California. The Company will utilize the land and building for industrial hemp for CBD cultivation. The Company’s business model includes generating revenues from the sale of hemp and premium-grade CBD products, creating trusted global consumer brands, developing valuable intellectual property and growing rapidly through strategic acquisitions and development.SERVICES

~~The~~On ~~Company~~August ~~focuses on hemp cultivation and is an innovative~~24, ~~full-scope~~2019, ~~science-based~~the ~~premium~~Company ~~hemp~~executed ~~cultivation~~a Purchase and ~~branding~~Sale ~~enterprise~~Agreement ~~focused~~to onacquire the ~~cultivation~~824 ~~and~~Potrero ~~processing~~ranch ofProperty ~~industrial~~near ~~hemp~~San ~~for~~Diego, ~~the~~California. ~~purpose~~The ofCompany ~~extracting~~utilizes ~~cannabidiol (“CBD”). Utilizing~~ the land and building for ~~the production of~~ industrial hemp for CBD cultivation,. ~~the~~The Company’s business model includes generating revenues from the sale of hemp and premium-grade CBD products, creating trusted global consumer brands, developing valuable intellectual property and growing rapidly through strategic acquisitions and development.

~~MARKETS~~4 ~~AND~~Table ~~CUSTOMERS~~of Contents

~~Industries~~The asCompany ~~diverse~~focuses ason ~~cosmetics,~~hemp ~~food~~cultivation and ~~beverage~~is an innovative, ~~and~~full-scope, ~~pharmaceuticals~~science-based ~~are~~premium ~~potential~~hemp ~~clients~~cultivation ~~for~~and branding enterprise focused on the ~~sale~~cultivation and ~~purchase~~processing of ~~CBD~~industrial (hemp for the purpose of extracting cannabidiol (“CBD”). ~~derived~~Utilizing ~~from~~the land and building for the production of industrial hemp. ~~Licensed~~for ~~dispensaries,~~CBD ~~pharmacies~~cultivation, ~~and~~the ~~general~~Company’s ~~retail~~business ~~market~~model ~~which~~ includes ~~cafes~~generating revenues from the sale of hemp and premium-grade CBD products, ~~smoke~~creating ~~shops~~trusted global consumer brands, ~~grocery~~developing ~~stores~~valuable ~~are~~intellectual ~~buyers~~property ~~for~~and ~~products~~growing ~~containing~~rapidly ~~CBD~~through ~~derived~~strategic ~~from~~acquisitions ~~industrial~~and ~~hemp~~development.

~~COMPETITION~~MARKETS AND CUSTOMERS

~~Competition~~Industries inas ~~the~~diverse ~~hemp~~as ~~industry~~cosmetics, isfood ~~increasing~~and ~~steadily.~~beverage, ~~Some~~and ofpharmaceuticals ~~the~~are ~~biggest~~potential ~~names~~clients infor the ~~hemp~~sale ~~industry~~and ~~expect~~purchase toof ~~make~~CBD ~~their~~(cannabidiol) ~~presence~~derived ~~known~~from inindustrial ~~the~~hemp. ~~global~~Licensed dispensaries, pharmacies, and general retail market which includes cafes, smoke shops, grocery stores are buyers for products containing CBD derived from industrial hemp.

~~REGULATORY CONSIDERATIONS~~COMPETITION

~~The~~Competition ~~Hemp~~in ~~Farming~~the ~~Act of 2018 removed~~ hemp ~~from~~industry ~~the~~is ~~list~~increasing ~~of Schedule 1 controlled substances (defined as less than 0~~steadily.3% ~~THC),~~Some ~~making~~of itthe anbiggest ~~ordinary~~names ~~agricultural~~in ~~commodity. There is~~ the ~~potential~~hemp ~~for~~industry ~~the~~expect ~~FDA~~ to ~~introduce~~make ~~new~~their ~~regulations~~presence ~~for~~known in the ~~industry~~global market.

~~EMPLOYEES~~REGULATORY CONSIDERATIONS

The ~~Company~~Hemp ~~currently~~Farming ~~has~~Act 20of ~~plus~~2018 ~~part~~removed ~~time~~hemp ~~and~~from ~~full-time~~the ~~employees~~list atof ~~the~~Schedule ~~Potrero~~1 ~~Ranch~~controlled ~~property~~substances (defined as less than 0.3% ~~The~~THC), ~~number~~making ofit ~~employees~~an ~~will~~ordinary ~~fluctuate~~agricultural ~~dependent~~commodity. ofThere is the ~~needs~~potential atfor the ~~ranch~~FDA ~~and~~to ~~the~~introduce ~~growth~~new ~~stages~~regulations offor the ~~crop~~industry.

~~RESEARCH AND DEVELOPMENT EXPENDITURES~~EMPLOYEES

WeThe ~~have~~Company ~~not~~currently ~~incurred~~has ~~any~~20 ~~research~~plus orpart ~~development~~time ~~expenditures~~and ~~since~~full-time ~~our~~employees ~~incorporation~~at the Potrero Ranch property. The number of employees will fluctuate dependent of the needs at the ranch and the growth stages of the crop.

~~PATENTS~~RESEARCH AND ~~TRADEMARKS~~DEVELOPMENT EXPENDITURES

We dohave not ~~own,~~incurred ~~either~~any ~~legally~~research or ~~beneficially,~~development ~~any~~expenditures ~~patents~~since orour ~~trademarks~~incorporation.

5PATENTS ~~Table~~AND ~~of Contents~~TRADEMARKS

~~Item~~On ~~1A.~~April ~~Risk~~14, ~~Factors~~2021, in conjunction with the Admay Asset Purchase Agreement, the Company acquired the brands American Hemp and Diablo related to hemp cigarettes only.

~~THERE~~Item ~~ARE SIGNIFICANT RISKS ASSOCIATED WITH AN INVESTMENT IN OUR COMMON STOCK~~1A. ~~BEFORE~~Risk ~~MAKING A DECISION CONCERNING THE PURCHASE OF OUR SECURITIES, YOU SHOULD CAREFULLY CONSIDER THE FOLLOWING FACTORS AND OTHER INFORMATION IN THIS ANNUAL REPORT WHEN YOU EVALUATE OUR BUSINESS.~~Factors

~~Business~~THERE ~~Risks:~~ARE SIGNIFICANT RISKS ASSOCIATED WITH AN INVESTMENT IN OUR COMMON STOCK. BEFORE MAKING A DECISION CONCERNING THE PURCHASE OF OUR SECURITIES, YOU SHOULD CAREFULLY CONSIDER THE FOLLOWING FACTORS AND OTHER INFORMATION IN THIS ANNUAL REPORT WHEN YOU EVALUATE OUR BUSINESS.

WeBusiness ~~are entering into a new business, the construction of hemp growing facilities, and we expect to incur operating losses for the foreseeable future.~~Risks:

We ~~were~~are ~~incorporated~~entering oninto ~~June~~a ~~12,~~new ~~2008. We have no way to evaluate the likelihood that our~~ business ~~will be successful. We have had minimal revenues as of the date of this annual report. The Company’s present business model is as an innovative~~, ~~full-scope, science-driven, premium hemp cultivation and branding enterprise focused on~~ the ~~cultivation~~construction ~~and processing~~ of ~~industrial~~ hemp ~~for~~growing ~~cannabidiol (“CBD”). The Company’s business model includes generating revenues from the sale of hemp and premium-grade CBD products~~facilities, ~~creating trusted global consumer brands, developing valuable intellectual property,~~ and ~~growing~~we ~~the~~expect ~~Company~~to ~~through~~incur ~~strategic~~operating ~~acquisitions.~~losses ~~Potential~~for ~~investors should be aware of~~ the ~~difficulties~~foreseeable ~~normally encountered by fledging construction companies and the high rate of failure of such enterprises~~future. The likelihood of success must be considered in light of the problems, expenses, difficulties, complications, and delays encountered in connection with the regulatory hurdles surrounding this new industry.

We ~~have~~were ~~yet~~incorporated toon ~~earn~~June ~~significant~~12, ~~revenue~~2008. We have no way to ~~achieve~~evaluate ~~profitability~~the ~~and~~likelihood that our ~~ability~~business towill ~~sustain~~be ~~our~~successful. ~~operations~~We have had minimal revenues as of the date of this annual report. The Company’s present business model is ~~dependent~~as onan ~~our~~innovative, ~~ability~~full-scope, toscience-driven, ~~raise~~premium ~~additional~~hemp ~~financing~~cultivation toand ~~complete~~branding ~~our~~enterprise ~~program~~focused ifon ~~warranted~~the cultivation and processing of industrial hemp for cannabidiol (“CBD”). AsThe aCompany’s ~~result~~business model includes generating revenues from the sale of hemp and premium-grade CBD products, ~~our~~creating ~~independent~~trusted ~~auditors~~global ~~believe~~consumer ~~there~~brands, isdeveloping ~~substantial~~valuable ~~doubt~~intellectual ~~about~~property, ~~our~~and ~~ability~~growing tothe ~~continue~~Company asthrough astrategic ~~going~~acquisitions. ~~concern~~Potential investors should be aware of the difficulties normally encountered by fledging construction companies and the high rate of failure of such enterprises. The likelihood of success must be considered in light of the problems, expenses, difficulties, complications, and delays encountered in connection with the regulatory hurdles surrounding this new industry.

We5 ~~have~~Table ~~an accumulated deficit~~ of $50,494,387 as at July 31, 2020. Our future is dependent upon our ability to obtain financing and upon future profitable operations from the development of our business. These factors raise substantial doubt that we will be able to continue as a going concern. Our independent auditors have expressed substantial doubt about our ability to continue as a going concern. This opinion could materially limit our ability to raise additional funds by issuing new debt or equity securities or otherwise. If we fail to raise sufficient capital when needed, we will not be able to complete our business plan. We may have to liquidate our business and you may lose your investment. You should consider our auditor’s comments when determining if an investment in our company is suitable.Contents

~~Because~~We ofhave ~~the~~yet ~~unique~~to ~~difficulties~~earn significant revenue to achieve profitability and ~~uncertainties~~our ~~inherent~~ability into ~~hemp~~sustain ~~growing~~our ~~facility~~operations ~~construction~~is ~~and~~dependent ~~management~~on ~~industry,~~our weability ~~face~~to raise additional financing to complete our program if warranted. As a ~~high~~result, ~~risk~~our ofindependent ~~business~~auditors ~~failure~~believe there is substantial doubt about our ability to continue as a going concern.

~~You~~We ~~should~~have bean ~~aware~~accumulated ~~that~~deficit ~~the~~of ~~hemp~~$58,885,730 ~~growing~~as ~~industry~~at isJuly a31, ~~new industry~~2021. ~~Consequently,~~Our ~~the~~future ~~likelihood~~is ~~that~~dependent ~~there~~upon ~~will~~our beability ato ~~high~~obtain ~~rate~~financing ofand ~~failure~~upon offuture ~~such~~profitable ~~enterprises.~~operations ~~The~~from ~~likelihood~~the ofdevelopment ~~success must be considered in light~~ of ~~the~~our ~~problems,~~business. ~~expenses,~~These ~~difficulties,~~factors ~~complications~~raise ~~and~~substantial ~~delays~~doubt ~~encountered~~that inwe ~~connection~~will ~~with~~be ~~the~~able ~~regulatory~~to ~~environment~~continue inas ~~which~~a wegoing ~~must adhere to~~concern. ~~These~~Our ~~potential~~independent ~~problems~~auditors ~~include,~~have ~~but~~expressed ~~are~~substantial ~~not~~doubt ~~limited~~about ~~to,~~our ~~unanticipated~~ability ~~problems relating~~ to ~~obtaining~~continue as a ~~building~~going ~~permits,~~concern. ~~licenses~~This toopinion ~~grow~~could ~~hemp,~~materially ~~and the~~limit our ability to ~~market~~raise ~~the~~additional ~~hemp~~funds ~~grown.~~by Ifissuing ~~the~~new ~~results~~debt ofor ~~our~~equity ~~program~~securities door ~~not~~otherwise. ~~reveal~~If ~~viable commercialization options,~~ we ~~may~~fail ~~decide~~ to ~~abandon~~raise ~~our~~sufficient ~~venture~~capital ~~into~~when ~~the~~needed, ~~hemp~~we ~~growing~~will ~~industry.~~not ~~Our~~be ~~ability~~able to ~~continue~~complete inour ~~the~~business ~~hemp~~plan. ~~growing~~We ~~industry~~may ~~will~~have beto ~~dependent~~liquidate ~~upon~~ our ~~possessing~~business ~~adequate~~and ~~capital~~you ~~resources~~may ~~when~~lose ~~needed~~your investment. IfYou noshould ~~funding~~consider isour ~~available,~~auditor’s wecomments ~~may~~when bedetermining ~~forced~~if toan ~~abandon~~investment in our ~~operations~~company is suitable.

6Because ~~Table~~of the unique difficulties and uncertainties inherent in hemp growing facility construction and management industry, we face a high risk of ~~Contents~~business failure.

~~Because~~You should be aware that the hemp growing industry is a new industry. Consequently, the likelihood that there will be a high rate of failure of such enterprises. The likelihood of success must be considered in light of the ~~inherent~~problems, ~~dangers~~expenses, ~~involved~~difficulties, complications and delays encountered in connection with the ~~hemp~~ ~~growing~~regulatory ~~construction~~environment ~~industry~~in which we must adhere to. These potential problems include, but are not limited to, unanticipated problems relating to obtaining building permits, licenses to grow hemp, and the ~~management~~ability ofto market the ~~facilities,~~hemp ~~there~~grown. isIf athe ~~risk~~results ~~that~~of our program do not reveal viable commercialization options, we may ~~incur~~decide ~~liability~~to orabandon ~~damages~~our asventure into the hemp growing industry. Our ability to continue in the hemp growing industry will be dependent upon our possessing adequate capital resources when needed. If no funding is available, we ~~conduct~~may be forced to abandon our ~~business~~operations.

~~The~~Because ~~growing~~ of ~~hemp~~the ~~involves~~inherent ~~numerous~~dangers ~~hazards.~~involved Asin athe ~~result,~~hemp wegrowing ~~may~~construction ~~become~~industry ~~subject~~and tothe ~~liability~~management ~~for~~of ~~such~~the ~~hazards~~facilities, ~~which~~there weis ~~cannot~~a ~~insure~~risk orthat ~~against which~~ we may ~~elect~~incur ~~not~~liability toor ~~insure.~~damages Atas ~~the present time~~ we ~~have~~conduct ~~no insurance to cover against these hazards. The payment of such liabilities may result in~~ our ~~inability to complete our planned program and/or obtain additional financing to fund our program~~business.

AsThe wegrowing ~~undertake~~of ~~the~~hemp ~~construction~~involves ofnumerous ~~hemp~~hazards. ~~growing~~As ~~facilities~~a result, we ~~will~~may bebecome subject to ~~compliance~~liability ~~with~~for ~~government~~such ~~regulation~~hazards, ~~that~~which we cannot insure or against which we may ~~increase~~elect not to insure. At the ~~anticipated~~present ~~cost~~time we have no insurance to cover against these hazards. The payment of such liabilities may result in our inability to complete our planned program and/or obtain additional financing to fund our program.

~~There~~As ~~are~~we ~~several~~undertake ~~governmental regulations that could materially increase~~ the ~~costs~~construction of ~~managing~~hemp ~~the~~growing facilities., Wewe will be subject to ~~regulations~~compliance ~~and~~with ~~laws~~government asregulation ~~we carry out our program. We will require licenses to grow and process hemp in the United States and Canada. There is a risk~~ that ~~new~~may ~~regulations could~~ increase ~~our~~the ~~costs~~anticipated cost of ~~doing business and prevent us from carrying out~~ our ~~growing operations~~program.

~~Because~~There weare ~~have~~several nogovernmental ~~operating~~regulations ~~history~~that incould materially increase the ~~hemp~~costs ~~industry,~~of managing the facilities. We will be subject to regulations and laws as we ~~may~~carry ~~not~~out ~~succeed~~our program. We will require licenses to grow and process hemp in the United States and Canada. There is a risk that new regulations could increase our costs of doing business and prevent us from carrying out our growing operations.

WeBecause we have no ~~specific~~ operating history in ~~procuring, building out or leasing real estate for agricultural purposes, specifically hemp grow facilities, or with respect to any other activity in~~ the hemp industry~~. Moreover~~, we ~~are~~may ~~subject~~not ~~to all risks inherent in a developing a new business enterprise~~succeed. Our likelihood of success must be considered in light of the problems, expenses, difficulties, complications, and delays frequently encountered in connection with establishing a new business and the competitive and regulatory environment in which we operate.

~~You~~We ~~should~~have ~~further~~no ~~consider,~~specific ~~among~~operating ~~other~~history ~~factors, our prospects for success~~ in ~~light~~procuring, ofbuilding ~~the~~out ~~risks~~or ~~and~~leasing ~~uncertainties~~real ~~encountered~~estate byfor ~~companies~~agricultural ~~that~~purposes, ~~like~~specifically ~~us,~~hemp ~~are~~grow ~~in their early stages. For example~~facilities, ~~unanticipated expenses, delays and~~ or ~~complications~~ with ~~build~~respect ~~outs,~~to ~~zoning~~any ~~issues,~~other ~~legal~~activity ~~disputes~~in ~~with~~the ~~neighbors,~~hemp ~~local~~industry. ~~governments~~Moreover, ~~communities~~we ~~and~~are orsubject ~~tenants.~~to Weall ~~may not successfully address these~~ risks ~~and~~inherent ~~uncertainties~~in ora ~~successfully~~developing ~~implement~~a ~~our~~new ~~operating~~business ~~strategies~~enterprise. IfOur welikelihood ~~fail~~of tosuccess domust ~~so,~~be itconsidered ~~could~~in ~~materially~~light ~~harm~~of ~~our business to~~ the ~~point~~problems, ofexpenses, ~~having~~difficulties, tocomplications, ~~cease~~and ~~operations~~delays ~~and~~frequently ~~could~~encountered ~~impair~~in ~~the~~connection ~~value~~with ofestablishing ~~our~~a ~~common~~new ~~stock~~business toand the ~~point~~competitive ~~investors~~and ~~may~~regulatory ~~lose~~environment ~~their~~in ~~entire~~which ~~investment~~we operate.

~~Because~~You should further consider, among other factors, our ~~business~~prospects isfor ~~dependent~~success ~~upon~~in ~~continued~~light ~~market~~of ~~acceptance~~the risks and uncertainties encountered by ~~consumers~~companies that, ~~any~~like ~~negative~~us, ~~trends~~are ~~will~~in ~~adversely~~their ~~affect~~early stages. For example, unanticipated expenses, delays and or complications with build outs, zoning issues, legal disputes with neighbors, local governments, communities and or tenants. We may not successfully address these risks and uncertainties or successfully implement our operating strategies. If we fail to do so, it could materially harm our business to the point of having to cease operations and could impair the value of our common stock to the point investors may lose their entire investment.

We6 ~~are~~Table ~~substantially dependent on continued market acceptance and proliferation~~ of consumers of hemp. We believe that as hemp becomes more accepted consumer demand will continue to grow. And while we believe that the market and opportunity in the hemp space continues to grow, we cannot predict the future growth rate and size of the market. Any negative outlook on the hemp industry will adversely affect our business operations. Contents

~~Laws~~Because ~~and~~our ~~regulations~~business ~~affecting~~is ~~the~~dependent ~~regulated~~upon ~~hemp~~continued ~~industry~~market ~~are~~acceptance ~~constantly~~by ~~changing~~consumers, ~~which~~any ~~could~~negative ~~detrimentally~~trends will adversely affect our ~~proposed~~business operations ~~and we cannot predict the impact that future regulations may have on us~~.

~~Local,~~We ~~state,~~are ~~and~~substantially ~~federal~~dependent ~~hemp~~on ~~laws~~continued ~~and~~market ~~regulations~~acceptance ~~are broad in scope~~ and ~~subject~~proliferation ~~to evolving interpretations, which could require us to incur substantial costs associated with compliance or alter our business plan. In addition, violations~~ of ~~these~~consumers ~~laws, or allegations~~ of ~~such~~hemp. ~~violations,~~We ~~could~~believe ~~disrupt~~that ~~our~~as ~~business~~hemp ~~and~~becomes ~~result~~more inaccepted aconsumer ~~material~~demand ~~adverse~~will ~~effect~~continue onto ~~its operations~~grow. InAnd ~~addition,~~while itwe isbelieve ~~possible~~ that ~~regulations~~the ~~may~~market beand ~~enacted~~opportunity in the ~~future~~hemp ~~that~~space ~~will~~continues ~~be directly applicable~~ to ~~our~~grow, ~~proposed~~we ~~business. We~~ cannot predict the ~~nature of any~~ future ~~laws,~~growth ~~regulations,~~rate ~~interpretations~~and orsize ~~applications,~~of ~~nor~~the ~~can~~market. weAny ~~determine~~negative ~~what~~outlook ~~effect~~on ~~additional~~the ~~governmental~~hemp ~~regulations~~industry orwill ~~administrative~~adversely ~~policies~~affect ~~and procedures, when and if promulgated, could have on~~ our business operations.

7Laws ~~Table~~and ofregulations ~~Contents~~affecting the regulated hemp industry are constantly changing, which could detrimentally affect our proposed operations and we cannot predict the impact that future regulations may have on us.

~~FDA~~Local, ~~regulation~~state, ofand federal hemp laws and ~~the~~regulations ~~possible~~are ~~registration~~broad in scope and subject to evolving interpretations, which could require us to incur substantial costs associated with compliance or alter our business plan. In addition, violations of ~~facilities~~these ~~where~~laws, ~~hemp~~or isallegations ~~grown~~of such violations, could ~~negatively~~disrupt ~~affect~~our business and result in a material adverse effect on its operations. In addition, it is possible that regulations may be enacted in the ~~industry~~future ~~which~~that ~~would~~will be directly ~~affect~~applicable to our ~~financial~~proposed ~~condition~~business. We cannot predict the nature of any future laws, regulations, interpretations or applications, nor can we determine what effect additional governmental regulations or administrative policies and procedures, when and if promulgated, could have on our business.

~~The~~ FDA ~~may~~regulation ~~issue rules and regulations including CGMPs (certified good manufacturing practices) related to the growth, cultivation, harvesting and processing~~ of hemp. ~~Clinical trials may be needed to verify efficacy~~ and ~~safety.~~the ~~It is also~~ possible ~~that~~registration ~~the~~of ~~FDA would require that~~ facilities where hemp is grown becould ~~registered~~negatively ~~with~~affect the ~~FDA~~industry ~~and~~which ~~comply with certain federally prescribed regulations. In the event that some or all of these regulations are imposed, we do not know what the impact~~ would bedirectly onaffect ~~the hemp industry, what costs, requirements and possible prohibitions may be enforced. If we or~~ our ~~tenants~~financial ~~are unable to comply with the regulations and or registration as prescribed by the FDA, we and/or our tenants may be unable to continue to operate their and our business in its current form or at all~~condition.

~~Because~~The ~~our~~FDA ~~business~~may ~~model~~issue ~~depends~~rules ~~upon~~and regulations including CGMPs (certified good manufacturing practices) related to the ~~availability~~growth, cultivation, harvesting and processing of ~~private~~hemp. ~~financing~~Clinical trials may be needed to verify efficacy and safety. It is also possible that the FDA would require that facilities where hemp is grown be registered with the FDA and comply with certain federally prescribed regulations. In the event that some or all of these regulations are imposed, ~~any~~we ~~change~~do innot know what the impact would be on the hemp industry, what costs, requirements and possible prohibitions may be enforced. If we or our ~~ability~~tenants are unable to ~~raise~~comply ~~money~~with ~~will~~the ~~adversely~~regulations ~~affect~~and or registration as prescribed by the FDA, we and/or our ~~financial~~tenants ~~condition~~may be unable to continue to operate their and our business in its current form or at all.

~~Our~~Because ~~ability~~our tobusiness ~~operate,~~model ~~engage~~depends inupon the ~~business~~availability ~~activities~~of ~~that~~private ~~we have planned~~financing, ~~and~~any ~~achieve~~change ~~positive financial performance depends,~~ in ~~large measure, on~~ our ability to ~~obtain~~raise ~~financing~~money inwill ~~amounts~~adversely ~~and~~affect onour ~~terms~~financial ~~that are favorable~~condition.

~~Because~~Our ability to operate, engage in the business activities that we ~~are~~have ~~liable~~planned, ~~for~~and ~~hazardous~~achieve ~~substances~~positive financial performance depends, in large measure, on our ~~properties,~~ability ~~environmental~~to ~~liabilities~~obtain ~~are~~financing ~~possible~~in amounts and ~~can~~on beterms ~~costly~~that are favorable.

~~Federal,~~Because ~~state,~~we ~~and~~are local laws impose liability on a landowner for releases or the otherwise improper presence on the premises of hazardous substances. This liability is without regard to fault for, or knowledge of, the presence of such substances. A landowner may be held liable for hazardous materials brought onto a property before it acquired title and for hazardous materials that are not discovered until after it sells the property. Similar liability may occur under applicable state law. Sellers of properties may make only limited representations as to the absence of hazardous substances. Ifon ~~any hazardous materials are found within~~ our properties ~~in violation of law at any time~~, weenvironmental ~~may~~liabilities beare ~~liable~~possible ~~for all cleanup costs, fines, penalties,~~ and ~~other~~can costs. This potential liability will continue after we sell the properties and may apply to hazardous materials present within the properties before we acquire the properties. If losses arise from hazardous substance contamination which cannot be ~~recovered from a responsible party, the financial viability of the properties may be adversely affected~~costly. ~~It is possible that we will purchase properties with known or unknown environmental problems which may require material expenditures for remediation.~~

Federal, state, and local laws impose liability on a landowner for releases or the otherwise improper presence on the premises of hazardous substances. This liability is without regard to fault for, or knowledge of, the presence of such substances. A landowner may be held liable for hazardous materials brought onto a property before it acquired title and for hazardous materials that are not discovered until after it sells the property. Similar liability may occur under applicable state law. Sellers of properties may make only limited representations as to the absence of hazardous substances. If weany hazardous materials are found ~~non-compliant~~within ~~with~~our ~~the~~properties ~~Americans~~in ~~with~~violation ~~Disabilities~~of ~~Act~~law at any time, we ~~will~~may be ~~subject~~liable for all cleanup costs, fines, penalties, and other costs. This potential liability will continue after we sell the properties and may apply to ~~significant~~hazardous ~~liabilities~~materials present within the properties before we acquire the properties. If losses arise from hazardous substance contamination which cannot be recovered from a responsible party, the financial viability of the properties may be adversely affected. It is possible that we will purchase properties with known or unknown environmental problems which may require material expenditures for remediation.

If ~~any~~we ~~of our properties~~ are ~~not~~found innon-compliant ~~compliance~~ with the Americans with Disabilities Act ~~of 1990~~, ~~as amended (the “ADA”),~~ we ~~may~~will be ~~required~~subject to ~~pay for any required improvements. Under the ADA, public accommodations must meet certain federal requirements related to access and use by disabled persons. The ADA requirements could require~~ significant ~~expenditures and could result in the imposition of fines or an award of damages to private litigants~~liabilities. ~~We cannot assure that ADA violations do not or will not exist at any of our properties.~~

~~The~~7 ~~recent~~Table ~~global~~of ~~COVID-19 outbreak has significantly affected our business and operations.~~ Contents

~~The~~If ~~potential~~any ~~impact~~of ~~and~~our ~~duration~~properties are not in compliance with the Americans with Disabilities Act of 1990, as amended (the ~~COVID-19~~“ADA”), ~~pandemic~~we onmay be required to pay for any required improvements. Under the ~~global~~ADA, ~~economy~~public ~~and~~accommodations ~~our~~must ~~business~~meet ~~are~~certain ~~difficult~~federal requirements related to ~~assess~~access orand ~~predict~~use by disabled persons. ~~Potential~~The ~~impacts~~ADA ~~include~~requirements could require significant expenditures and could result in the ~~following:~~imposition of fines or an award of damages to private litigants. We cannot assure that ADA violations do not or will not exist at any of our properties.

•The ~~Our~~recent ~~customer~~global ~~prospects~~COVID-19 ~~and~~outbreak ~~our~~has existing customers may experience slowdowns in their businesses, which in turn may result in reduced demand for our products, lengthening of sales cycles, loss of customers, and difficulties in collections. • Certain of our employees are working from home significantly ~~more~~affected frequently than they have historically, which may result in decreased employee productivity and morale with increased unwanted employee attrition. • We continue to incur fixed costs and are deriving reduced or no benefit from those costs. • We may continue to experience disruptions to our growth planning, such as for facilities and expansion. • We anticipate incurring costs in returning to work, including changes to the workplace, such as space planning, food service, and amenities. • We may be subject to legal liability for safe workplace claims. • Our critical vendors could go out of business. ~~• Our in-person marketing events, including customer user conferences, have been canceled~~ and ~~we may continue to experience prolonged delays in our ability to reschedule or conduct in-person marketing events and other sales and marketing activities~~operations. ~~• Our marketing, sales, professional services, and support organizations are accustomed to extensive face-to-face customer and partner interactions, and conducting business virtually is unproven.~~

~~Any~~The potential impact and duration of the ~~foregoing~~COVID-19 ~~could~~pandemic ~~adversely~~on ~~affect~~the global economy and our business, ~~financial~~are ~~condition,~~difficult ~~and~~to ~~results~~assess ofor ~~operations~~predict. Potential impacts include the following:

8• ~~Table~~Our customer prospects and our existing customers may experience slowdowns in their businesses, which in turn may result in reduced demand for our products, lengthening of ~~Contents~~sales cycles, loss of customers, and difficulties in collections. • Certain of our employees are working from home significantly more frequently than they have historically, which may result in decreased employee productivity and morale with increased unwanted employee attrition. • We continue to incur fixed costs and are deriving reduced or no benefit from those costs. • We may continue to experience disruptions to our growth planning, such as for facilities and expansion. • We anticipate incurring costs in returning to work, including changes to the workplace, such as space planning, food service, and amenities. • We may be subject to legal liability for safe workplace claims. • Our critical vendors could go out of business. • Our in-person marketing events, including customer user conferences, have been canceled and we may continue to experience prolonged delays in our ability to reschedule or conduct in-person marketing events and other sales and marketing activities. • Our marketing, sales, professional services, and support organizations are accustomed to extensive face-to-face customer and partner interactions, and conducting business virtually is unproven.

~~More~~Any ~~generally,~~of the ~~COVID-19~~foregoing ~~pandemic has and is expected to continue to adversely affect economies and financial markets globally, leading to a continued economic downturn, which is expected to decrease spending generally and~~ could adversely affect ~~demand for~~ our ~~products. It is not possible at this time to estimate the full impact that COVID-19 will have on our~~ business, asfinancial ~~the impact will depend on future developments~~condition, ~~which are highly uncertain~~ and ~~cannot~~results beof ~~predicted~~operations.

~~Moreover~~More generally, to the ~~extent the~~ COVID-19 pandemic ~~adversely~~has ~~affects~~and ~~our~~is ~~business,~~expected ~~financial~~to ~~condition,~~continue ~~and~~to ~~results~~adversely ofaffect ~~operations,~~economies itand ~~may~~financial ~~also~~markets ~~have~~globally, ~~the~~leading ~~effect~~to ofa ~~heightening~~continued ~~many~~economic ofdownturn, ~~the~~which ~~other~~is ~~risks~~expected ~~described~~to indecrease ~~this~~spending ~~“Risk~~generally ~~Factors”~~and ~~section,~~could ~~including~~adversely ~~but~~affect ~~not~~demand ~~limited~~for ~~to,~~our ~~those~~products. ~~related~~It tois ~~our~~not ~~ability~~possible toat ~~increase~~this ~~sales~~time to ~~existing~~estimate ~~and~~the ~~new~~full ~~customers,~~impact ~~continue~~that toCOVID-19 ~~perform~~will have on ~~existing~~our ~~contracts~~business, ~~develop~~as ~~and~~the ~~deploy~~impact ~~new~~will ~~technologies,~~depend ~~expand~~on ~~our~~future ~~marketing capabilities and sales organization~~developments, ~~and~~which toare ~~generate~~highly ~~sufficient~~uncertain ~~cash flow to operate our business~~ and ~~meet~~cannot ~~our~~be ~~obligations~~predicted.

~~Investment~~Moreover, ~~Risks:~~to the extent the COVID-19 pandemic adversely affects our business, financial condition, and results of operations, it may also have the effect of heightening many of the other risks described in this “Risk Factors” section, including but not limited to, those related to our ability to increase sales to existing and new customers, continue to perform on existing contracts, develop and deploy new technologies, expand our marketing capabilities and sales organization, and to generate sufficient cash flow to operate our business and meet our obligations.

~~Our~~8 ~~issuance~~Table of ~~additional shares may have the effect of diluting the interest of shareholders; our common stock shareholders do not have pre-emptive rights.~~Contents

~~Any~~Investment additional issuances of common stock by us from our authorized but unissued shares may have the effect of diluting the percentage interest of existing shareholders. The securities issued to raise funds may have rights, preferences, or privileges that are senior to those of the holders of our other securities, including our common stock. The board of directors has the power to issue such shares without shareholder approval. We fully intend to issue additional common shares in order to raise capital to fund our business operations and growth objectives.Risks:

WeOur doissuance ~~not~~of ~~anticipate~~additional ~~paying~~shares ~~dividends~~may tohave ~~our~~the ~~common~~effect ~~stockholders~~of indiluting the ~~foreseeable~~interest ~~future,~~of ~~which~~shareholders; ~~makes~~our ~~investment~~common instock ~~our~~shareholders ~~stock~~do ~~speculative~~not ~~and~~have ~~risky~~pre-emptive rights.

WeAny ~~have~~additional ~~not~~issuances ~~paid~~of ~~dividends on our~~ common stock ~~and~~by dous ~~not~~from ~~anticipate~~our ~~paying~~authorized ~~dividends~~but onunissued ~~our~~shares ~~common~~may ~~stock~~have in the ~~foreseeable~~effect ~~future.~~of ~~The~~diluting ~~board~~the percentage interest of ~~directors~~existing ~~has~~shareholders. ~~sole~~The ~~authority~~securities issued to ~~declare~~raise ~~dividends~~funds ~~payable~~may tohave ~~our~~rights, ~~stockholders.~~preferences, ~~The~~or ~~fact~~privileges that weare ~~have~~senior ~~not~~to ~~paid~~those ~~and~~of dothe ~~not~~holders ~~plan~~of toour ~~pay~~other ~~dividends~~securities, ~~indicates~~including ~~that~~our wecommon ~~must~~stock. ~~use~~The ~~all~~board of ~~our~~directors ~~funds~~has wethe ~~generate~~power ~~for~~to ~~reinvestment~~issue insuch ~~our~~shares ~~business~~without ~~activities~~shareholder approval. ~~Investors~~We ~~also~~fully ~~must~~intend ~~evaluate~~to anissue ~~investment~~additional common shares in ~~the~~order ~~Company~~to ~~solely~~raise oncapital ~~the~~to ~~basis~~fund ofour ~~anticipated~~business ~~capital~~operations ~~gains~~and growth objectives.

9We ~~Table~~do ofnot ~~Contents~~anticipate paying dividends to our common stockholders in the foreseeable future, which makes investment in our stock speculative and risky.

~~Limited~~We ~~liability~~have ofnot paid dividends on our ~~executive~~common ~~officers~~stock and do not anticipate paying dividends on our common stock in the foreseeable future. The board of directors ~~may~~has ~~discourage~~sole ~~shareholders~~authority ~~from~~to ~~bringing~~declare adividends ~~lawsuit~~payable ~~against~~to ~~them~~our stockholders. The fact that we have not paid and do not plan to pay dividends indicates that we must use all of our funds we generate for reinvestment in our business activities. Investors also must evaluate an investment in the Company solely on the basis of anticipated capital gains.

~~Our~~Limited ~~Articles of Incorporation and Bylaws contain provisions that limit the~~ liability of our ~~directors~~executive ~~for monetary damages and provide for indemnification of~~ officers and directors. ~~These provisions~~ may discourage shareholders from bringing a lawsuit against officers and directors for breaches of fiduciary duty and may reduce the likelihood of derivative litigation against officers and directors even though such action, if successful, might otherwise have benefited the shareholdersthem. In addition, a shareholder’s investment in the Company may be adversely affected to the extent that we pay costs of settlement and damage awards against officers or directors pursuant to the indemnification provisions of the bylaw. The impact on a shareholder’s investment in terms of the cost of defending a lawsuit may deter the shareholder from bringing suit against any of our officers or directors. We have been advised that the SEC takes the position that these article and bylaw provisions do not affect the liability of any director under applicable federal and state securities laws.

WeOur ~~are~~Articles of Incorporation and Bylaws contain provisions that limit the liability of our directors for monetary damages and provide for indemnification of officers and directors. These provisions may discourage shareholders from bringing a ~~development~~lawsuit ~~stage~~against ~~company~~officers and directors for breaches of fiduciary duty and may reduce the likelihood of derivative litigation against officers and directors even though such action, if successful, might otherwise have benefited the shareholders. In addition, a shareholder’s investment in the Company may be adversely affected to the extent that we ~~expect~~pay costs of settlement and damage awards against officers or directors pursuant to ~~incur~~the ~~operating~~indemnification ~~losses~~provisions ~~for~~of the ~~foreseeable~~bylaw. ~~future~~The impact on a shareholder’s investment in terms of the cost of defending a lawsuit may deter the shareholder from bringing suit against any of our officers or directors. We have been advised that the SEC takes the position that these article and bylaw provisions do not affect the liability of any director under applicable federal and state securities laws.

We ~~were~~are ~~incorporated~~a ondevelopment ~~June~~stage ~~12,~~company ~~2008~~ and our business to date has been principally organizational activities. We have no way to evaluate the likelihood that our business will be successful. Potential investors should be aware of the difficulties normally encountered by start-up companies and the high rate of failure of such enterprises. The likelihood of success must be considered in light of the problems, expenses, difficulties, complications and delays encountered in connection with the business that we ~~plan~~expect to ~~undertake. These potential problems include, but are not limited to, additional costs and expenses that may exceed current estimates. We anticipate that we will~~ incur ~~increased~~ operating ~~expenses~~losses ~~without~~for ~~realizing any revenues. We recognize that if business revenues are not forthcoming, we will not be able to continue business operations. There is no history upon which to base any assumption as to~~ the ~~likelihood~~foreseeable ~~that we will prove successful, and if we are unsuccessful in addressing these risks, our business will most likely fail~~future.

We ~~have~~were ~~yet~~incorporated on June 12, 2008 and our business to ~~earn~~date ~~continuous~~has orbeen ~~sufficient~~principally ~~revenue~~organizational ~~and~~activities. ~~our~~We ~~ability~~have no way to ~~sustain~~evaluate the likelihood that our ~~operations~~business iswill ~~dependent~~be onsuccessful. ~~our~~Potential ~~ability~~investors should be aware of the difficulties normally encountered by start-up companies and the high rate of failure of such enterprises. The likelihood of success must be considered in light of the problems, expenses, difficulties, complications and delays encountered in connection with the business that we plan to ~~raise~~undertake. These potential problems include, but are not limited to, additional ~~financing~~costs and expenses that may exceed current estimates. ~~There~~We isanticipate ~~substantial~~that ~~doubt~~we ~~about~~will ~~our~~incur ~~ability~~increased operating expenses without realizing any revenues. We recognize that if business revenues are not forthcoming, we will not be able to continue business operations. There is no history upon which to base any assumption as ato ~~going~~the ~~concern~~likelihood that we will prove successful, and if we are unsuccessful in addressing these risks, our business will most likely fail.

We have ~~accumulated~~yet ~~net~~to ~~losses~~earn ofcontinuous ~~$50,494,387~~or tosufficient ~~July~~revenue ~~31, 2020~~ and ~~have~~our ~~not~~ability ~~generated any material revenues~~ to ~~date.~~sustain ~~Our~~our ~~future~~operations is dependent ~~upon~~on our ability to ~~obtain financing and upon future profitable operations from the development of our business. These factors~~ raise ~~substantial~~additional ~~doubt that we will be able to continue as a going concern~~financing. ~~Our~~There ~~independent~~is ~~auditor has expressed~~ substantial doubt about our ability to continue as a going concern. This opinion could materially limit our ability to raise additional funds by issuing new debt or equity securities or otherwise. If we fail to raise sufficient capital when needed, we will not be able to complete our business plan. We may have to liquidate our business and you may lose your investment. You should consider our auditor’s comments when determining if an investment in our company is suitable.

We ~~may~~have beaccumulated ~~unable~~net losses of $58,885,730 to July 31, 2021 and have not generated any material revenues to date. Our future is dependent upon our ability to obtain ~~additional~~financing ~~capital~~and upon future profitable operations from the development of our business. These factors raise substantial doubt that we ~~may~~will ~~require~~be able to ~~implement~~continue as a going concern. Our independent auditor has expressed substantial doubt about our ~~business~~ability ~~plan~~to continue as a going concern. This ~~would~~opinion ~~restrict~~could materially limit our ability to ~~grow~~raise additional funds by issuing new debt or equity securities or otherwise. If we fail to raise sufficient capital when needed, we will not be able to complete our business plan. We may have to liquidate our business and you may lose your investment. You should consider our auditor’s comments when determining if an investment in our company is suitable.

~~The~~9 ~~proceeds~~Table ~~from our financing efforts to date have provided us with a limited amount~~ of working capital not sufficient to fund our proposed operations. We will require additional capital to continue to operate our business and our proposed operations. We may be unable to obtain additional capital as and when required.Contents

~~Future~~We ~~acquisitions~~may ~~and~~be ~~future~~unable ~~development,~~to ~~production~~obtain ~~and~~additional ~~marketing~~capital ~~activities,~~that aswe ~~well~~may asrequire ~~our~~to ~~administrative~~implement ~~requirements~~our ~~(such~~business asplan. ~~salaries,~~This ~~insurance~~would ~~expenses~~restrict ~~and~~our ~~general~~ability ~~overhead~~to ~~expenses, as well as legal compliance costs and accounting expenses) will require a substantial amount of additional capital and cash flow~~grow.

WeThe ~~may~~proceeds ~~not~~from beour ~~successful in locating suitable~~ financing ~~transactions~~efforts into ~~the~~date ~~time~~have ~~period~~provided ~~required~~us orwith ata ~~all,~~limited ~~and~~amount weof ~~may~~working capital not ~~obtain~~sufficient ~~the~~to ~~capital~~fund weour ~~require~~proposed ~~by other means~~operations. IfWe wewill dorequire ~~not succeed in raising~~ additional capital, ~~the~~to ~~capital~~continue ~~we have received~~ to ~~date~~operate isour ~~not~~business ~~sufficient~~and ~~to fund~~ our proposed operations. ~~going~~We ~~forward~~may ~~without~~be ~~obtaining~~unable to obtain additional capital ~~financing~~as and when required.

~~Any~~Future ~~additional~~acquisitions ~~capital~~and ~~raised~~future ~~through~~development, ~~the~~production ~~sale~~and ofmarketing ~~equity~~activities, ~~may~~as ~~dilute~~well ~~your~~as ~~ownership percentage. This could result in a decrease in the fair market value of~~ our ~~equity~~administrative ~~securities~~requirements ~~because~~(such ~~our~~as ~~assets~~salaries, ~~would~~insurance beexpenses ~~owned~~and bygeneral aoverhead ~~larger~~expenses, ~~pool~~as ofwell ~~outstanding~~as ~~equity.~~legal ~~The~~compliance ~~terms~~costs ~~of securities we issue in future may be more favorable to our new investors,~~ and ~~may~~accounting ~~include~~expenses) ~~preferences,~~will ~~superior~~require ~~voting~~a ~~rights~~substantial ~~and~~amount ~~the issuance~~ of ~~warrants~~additional orcapital ~~other derivative securities,~~ and ~~issuances~~cash ~~of incentive awards under equity employee incentive plans, which may have a further dilutive effect~~flow.

10We ~~Table~~may ofnot ~~Contents~~be successful in locating suitable financing transactions in the time period required or at all, and we may not obtain the capital we require by other means. If we do not succeed in raising additional capital, the capital we have received to date is not sufficient to fund our operations going forward without obtaining additional capital financing.

~~Our~~Any ~~ability~~additional tocapital ~~obtain~~raised ~~needed~~through ~~financing~~the sale of equity may bedilute ~~impaired~~your byownership ~~such~~percentage. ~~factors~~This ascould ~~the~~result ~~capital~~in ~~markets~~a ~~generally,~~decrease ~~our~~in ~~status~~the asfair amarket ~~new~~value ~~enterprise~~of ~~without~~our aequity ~~demonstrated~~securities ~~operating~~because ~~history~~our orassets ~~the~~would ~~retention~~be orowned ~~loss~~by a larger pool of ~~key~~outstanding ~~management~~equity. IfThe ~~the~~terms ~~amount~~ of ~~capital~~securities we ~~are~~issue ~~able~~in future may be more favorable to ~~raise~~our ~~from~~new ~~financing~~investors, ~~activities~~and ismay ~~not~~include ~~sufficient~~preferences, tosuperior ~~satisfy~~voting ~~our~~rights ~~capital~~and ~~needs~~the issuance of warrants or other derivative securities, weand ~~may~~issuances beof ~~required~~incentive toawards ~~cease~~under ~~our~~equity ~~operations~~employee incentive plans, which may have a further dilutive effect.

WeOur ability to obtain needed financing may ~~incur~~be ~~substantial~~impaired ~~costs~~by insuch ~~pursuing~~factors ~~future~~as the capital ~~financing~~markets generally, ~~including~~our ~~investment~~status ~~banking~~as ~~fees,~~a ~~legal~~new ~~fees,~~enterprise ~~accounting~~without ~~fees,~~a ~~securities~~demonstrated ~~law~~operating ~~compliance~~history ~~fees,~~or ~~printing~~the ~~and~~retention ~~distribution~~or ~~expenses~~loss ~~and~~of ~~other~~key ~~costs~~management. WeIf ~~may~~the ~~also~~amount beof ~~required~~capital towe ~~recognize~~are ~~non-cash~~able ~~expenses~~to inraise ~~connection~~from ~~with~~financing ~~certain~~activities ~~securities~~is wenot ~~may~~sufficient ~~issue,~~to ~~such~~satisfy asour ~~convertible~~capital ~~notes and warrants~~needs, ~~which~~we may ~~adversely~~be ~~impact~~required ~~our~~to ~~financial~~cease ~~condition~~our operations.

~~The~~We ~~limited~~may ~~trading~~incur ofsubstantial ~~our~~costs ~~common~~in ~~stock~~pursuing future capital financing, including investment banking fees, legal fees, accounting fees, securities law compliance fees, printing and distribution expenses and other costs. We may ~~impair~~also ~~your~~be ~~ability~~required to ~~sell~~recognize ~~your~~non-cash ~~shares.~~expenses in connection with certain securities we may issue, such as convertible notes and warrants, which may adversely impact our financial condition.

~~There~~The ~~has been a~~ limited ~~trading~~ ~~market for our common stock since our inception. The lack of~~ trading of our common stock ~~and the low volume of any future trading~~ may impair your ability to sell your shares ~~at the time you wish to sell them or at a price that you consider reasonable~~. Such factors may also impair our ability to raise capital by selling shares of capital stock and may impair our ability to acquire other companies or technologies by using common stock as consideration.

~~The~~There has been a limited trading market ~~price~~for our common stock since our inception. The lack of trading of our common stock isand ~~likely~~the low volume of any future trading may impair your ability to besell ~~highly~~your ~~volatile~~shares ~~and~~at ~~subject~~the time you wish to ~~wide~~sell ~~fluctuations~~them or at a price that you consider reasonable. Such factors may also impair our ability to raise capital by selling shares of capital stock and may impair our ability to acquire other companies or technologies by using common stock as consideration.

~~Assuming~~The ~~we are able to establish an active trading~~ market ~~for our common stock, the market~~ price of our common stock is likely to be highly volatile and ~~could be~~ subject to wide fluctuations. ~~in response to a number of factors that are beyond our control, including:~~

•Assuming ~~dilution caused by our issuance of additional shares of common stock and other forms of equity securities, which~~ we ~~expect~~are toable ~~make in connection with future capital financings~~ to ~~fund~~establish ~~our~~an ~~operations~~active ~~and~~trading growth, to attract and retain valuable personnel and in connection with future strategic partnerships with other companies; • announcements of acquisitions or other business initiatives by our competitors; • market ~~changes in the demand~~ for ~~products and services; • quarterly variations in~~ our ~~revenues~~common ~~and~~stock, ~~operating expenses; • changes in~~ the ~~valuation~~market price of ~~similarly situated companies, both in~~ our ~~industry~~common ~~and~~stock inis ~~other~~likely ~~industries;~~to •be ~~changes~~highly involatile ~~analysts’ estimates affecting us, our competitors or our industry; • additions~~ and ~~departures~~could ofbe ~~key~~subject ~~personnel;~~to •wide fluctuations in ~~interest~~response ~~rates~~to ~~and~~a ~~the~~number ~~availability~~ of ~~capital~~factors inthat ~~the~~are ~~capital~~beyond ~~markets;~~our control, including:

~~These~~• dilution caused by our issuance of additional shares of common stock and other ~~factors~~forms ~~are~~of ~~largely~~equity ~~beyond~~securities, which we expect to make in connection with future capital financings to fund our ~~control~~operations and growth, to attract and ~~the~~retain ~~impact~~valuable ofpersonnel ~~these~~and ~~risks,~~in ~~singly~~connection with future strategic partnerships with other companies; • announcements of acquisitions or other business initiatives by our competitors; • market changes in the ~~aggregate,~~demand ~~may~~for ~~result~~products and services; • quarterly variations in ~~material~~our ~~adverse~~revenues and operating expenses; • changes toin the ~~market~~valuation ~~price~~ of ~~our~~similarly ~~common~~situated ~~stock~~companies, both in our industry and in other industries; • changes in analysts’ estimates affecting us, our ~~results~~competitors or our industry; • additions and departures of ~~operations~~key personnel; • fluctuations in interest rates and ~~financial~~the ~~condition.~~availability of capital in the capital markets;

~~Our~~10 ~~operating~~Table ~~results~~of ~~may fluctuate significantly, and these fluctuations may cause our stock price to decline.~~Contents

~~Our~~These ~~operating~~and ~~results~~other ~~will~~factors ~~likely~~are ~~vary~~largely inbeyond ~~the~~our ~~future~~control, ~~primarily~~and as the ~~result~~impact of ~~fluctuations~~these inrisks, ~~our~~singly ~~revenues~~or ~~and~~in ~~operating~~the ~~expenses~~aggregate, ~~costs~~may ~~that~~result wein ~~incur,~~material ~~and~~adverse ~~other~~changes ~~factors.~~to Ifthe ~~our~~market ~~results~~price of ~~operations~~our docommon ~~not~~stock ~~meet~~and ~~the~~our ~~expectations~~results of ~~current~~operations orand ~~potential~~financial ~~investors, the price of our common stock may decline~~condition.

11Our ~~Table~~operating ofresults ~~Contents~~may fluctuate significantly, and these fluctuations may cause our stock price to decline.

~~Applicable~~Our ~~SEC~~operating ~~rules~~results ~~governing~~will likely vary in the ~~trading~~future primarily as the result of ~~“penny~~fluctuations ~~stocks”~~in ~~will~~our ~~limit~~revenues ~~the~~and ~~trading~~operating expenses, costs that we incur, and ~~liquidity~~other offactors. If our ~~common~~results ~~stock,~~of ~~which~~operations ~~may~~do ~~affect~~not meet the ~~trading~~expectations of current or potential investors, the price of our common stock may decline.

~~Our~~Applicable ~~common stock is presently considered to be a “penny stock” and is subject to~~ SEC rules ~~and~~governing ~~regulations which impose limitations upon~~ the ~~manner~~trading inof ~~which such shares may be publicly traded and which regulate broker-dealer practices in connection with transactions in~~ “penny stocks.” ~~Penny~~will ~~stocks~~limit ~~generally are equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges or quoted on~~ the ~~FINRA~~trading ~~system, provided that current price~~ and ~~volume~~liquidity information with respect to transactions in such securities is provided by the exchange or system). The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document that provides information about penny stocks and the risks in the penny stock market. The broker-dealer must also provide the customer with current bid and offer quotations for the penny stock, the compensation of ~~the~~our ~~broker-dealer~~common ~~and its salesperson in the transaction, and monthly account statements showing the market value of each penny~~ stock ~~held in the customer’s account. In addition~~, ~~the~~which penny stock rules generally require that prior to a transaction in a penny stock, the broker-dealer make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser’s written agreement to the transaction. These disclosure requirements may ~~have~~affect the ~~effect~~trading ofprice ~~reducing the level~~ of ~~trading~~our ~~activity~~common ~~in the secondary market for a~~ stock ~~that becomes subject to the penny stock rules which may increase the difficulty investors may experience in attempting to liquidate such securities~~.

~~Forward~~Our common stock is presently considered to be a “penny stock” and is subject to SEC rules and regulations which impose limitations upon the manner in which such shares may be publicly traded and which regulate broker-~~looking~~dealer practices in connection with transactions in “penny stocks.” Penny stocks generally are equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges or quoted on the FINRA system, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or system). The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document that provides information about penny stocks and the risks in the penny stock market. The broker-dealer must also provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction, and monthly account statements showing the market value of each penny stock held in the customer’s account. In addition, the penny stock rules generally require that prior to a transaction in a penny stock, the broker-dealer make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser’s written agreement to the transaction. These disclosure requirements may have the effect of reducing the level of trading activity in the secondary market for a stock that becomes subject to the penny stock rules which may increase the difficulty investors may experience in attempting to liquidate such securities.

~~This Form 10~~Forward-~~K contains forward-~~looking statements that involve risk and uncertainties. We use words such as anticipate, believe, will, plan, expect, future, intend, and similar expressions to identify such forward-looking statements. You should not place too much reliance on these forward-looking statements. Our actual results are likely to differ materially from those anticipated in these forward-looking statements for many reasons.

~~Item~~This 2Form 10-K contains forward-looking statements that involve risk and uncertainties. ~~Properties~~We use words such as anticipate, believe, will, plan, expect, future, intend, and similar expressions to identify such forward-looking statements. You should not place too much reliance on these forward-looking statements. Our actual results are likely to differ materially from those anticipated in these forward-looking statements for many reasons.

WeItem currently own 824 acres of land referred to as the Potrero Ranch Property near San Diego, California, which includes some outside buildings. The Company will utilize the land and buildings for industrial hemp for CBD cultivation. The property includes over 400,000 square feet of outside buildings which are currently being converted into greenhouses. The Company entered into an agreement payable with the seller of the property for $2~~,750,000 for a portion of the purchase price~~. The terms of the agreement are monthly payments of interest only at the rate of 6% per annum. This debt is secured by a promissory note secured by a deed of trust on the real property. The maturity date of the debt is August 23, 2024. The Company also entered into an agreement payable for $1,760,000 with monthly payments of interest only at the rate of 15% per annum. This debt is also secured by a promissory note secured by a second charge on the deed of trust on the real property. The maturity date of this debt is August 15, 2024.Properties

InWe ~~October~~currently ~~2019,~~own ~~the~~824 ~~Company~~acres ~~entered~~of ~~into~~land anreferred ~~agreement~~ to ~~purchase~~as the ~~real~~Potrero ~~property~~Ranch ~~located~~Property atnear ~~13795~~San ~~Blaisdell Place~~Diego, ~~Poway,~~ California ~~92064~~, which includes asome ~~building~~outside ~~containing~~buildings. ~~approximately~~The 15Company will utilize the land and buildings for industrial hemp for CBD cultivation. The property includes over 400,~~048~~000 square feet of ~~R&D~~outside ~~space~~buildings onwhich aare 0currently being converted into greenhouses.95 ~~acre~~The ~~lot,~~Company ~~for~~entered ~~$4,000,000,~~into an agreement payable with the seller of ~~which~~the property for $2,~~000~~750,000 isfor ~~payable~~a inportion ~~cash~~of orthe ~~common~~purchase ~~stock~~price. The terms of the ~~Company,~~agreement ~~and~~are monthly payments of ~~which~~interest ~~$2,000,000~~only ~~would~~at bethe ~~financed~~rate ~~pursuant~~of to6% per annum. This debt is secured by a promissory note ~~and~~ secured by a deed of trust on the real property. The maturity date of the debt is August 23, 2024. The Company ~~currently~~also ~~uses~~entered ainto ~~portion~~an agreement payable for $1,760,000 with monthly payments of ~~this~~interest ~~facility~~only ~~for~~at ~~its~~the ~~corporate~~rate ~~offices~~of 15% per annum. ~~The~~This ~~Company~~debt ~~has~~is ~~until~~also ~~January~~secured ~~15,~~by ~~2021~~a topromissory ~~obtain~~note secured by a second charge on the ~~necessary~~deed ~~financing~~of totrust ~~consummate~~on the ~~transaction~~real property. The maturity date of this debt is August 15, 2024.

Item 3. Legal Proceedings

We are not currently involved in any legal proceedings and we are not aware of any pending or potential legal actions.

Item 4. Mine Safety Procedures

Not applicable.

1211 Table of Contents

PART II

Item 5. Market for Common Equity and Related Stockholder Matters

Our common stock trades on the OTC Markets (QB Marketplace Tier) under the symbol “GRYN.” Very limited trading of our common stock has occurred during the past two years; therefore, only limited historical price information is available. The following table sets forth the high and low closing bid prices of our common stock (USD) for the last two fiscal years, as reported by OTC Markets Group Inc. and represents inter dealer quotations, without retail mark-up, mark-down or commission and may not be reflective of actual transactions:

We consider our stock to be “thinly traded” and any reported sale prices may not be a true market-based valuation of our stock. Some of the bid quotations from the OTC Bulletin Board set forth below may reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions.

Fiscal Year ending July 31, 2021 (OTC Markets)	High Bid		Low Bid
First quarter (ended October 31, 2020)	$	1.30	$	0.55
Second quarter (ended January 31, 2021)		0.91		0.50
Third quarter (ended April 30, 2021)		1.84		0.74
Fourth quarter (ended July 31, 2021)		2.45		1.01
Fiscal Year ending July 31, 2020 (OTC Markets)	High Bid		Low Bid
First quarter (ended October 31, 2019)	$	2.32	$	1.00
Second quarter (ended January 31, 2020)		2.29		1.80
Third quarter (ended April 30, 2020)		1.76		0.39
Fourth quarter (ended July 31, 2020)		1.~~005~~05		0.36

Fiscal Year ending July 31, 2019 (OTC Markets)	High Bid		Low Bid
First quarter (ended October 31, 2018)	$	0.45	$	0.45
Second quarter (ended January 31, 2019)		0.51		0.51
Third quarter (ended April 30, 2019)		0.72		0.72
Fourth quarter (ended July 31, 2019)		1.54		1.30

Holders

~~Holders~~As of July 31, 2021, there were 103 shareholders of record of our common stock.

~~As of July 31, 2020, there were 79 shareholders of record of our common stock.~~Dividends

~~Dividends~~Since inception we have not paid any dividends on our common stock. We currently do not anticipate paying any cash dividends in the foreseeable future. Although we intend to retain our earnings, if any, to finance the exploration and growth of our business, our Board of Directors will have the discretion to declare and pay dividends in the future. Payment of dividends in the future will depend upon our earnings, capital requirements, and other factors, that our Board of Directors may deem relevant.

~~Since~~Recent ~~inception~~Sales we have not paid any dividends on our common stock. We currently do not anticipate paying any cash dividends in the foreseeable future. Although we intend to retain our earnings, if any, to finance the exploration and growth of ~~our~~Unregistered business, our Board of Directors will have the discretion to declare and pay dividends in the future. Payment of dividends in the future will depend upon our earnings, capital requirements, and other factors, that our Board of Directors may deem relevant.Securities

13During ~~Table~~the year ended July 31, 2021, the Company issue the following shares of ~~Contents~~common stock:

~~Recent~~On ~~Sales~~September 2, 2020, the Company issued 500,000 common shares to SRAX, Inc. (“SRAX”), in exchange for the right to use the SRAX Sequire platform, pursuant to a Platform Account Contract dated August 4, 2020. The shares were valued at $355,550 based on OTC’s closing trade price on the date of ~~Unregistered~~the ~~Securities~~agreement.

On ~~August~~September 113, ~~2019~~2020, and concurrently with the execution of the Financing Agreement, the Company issued ~~250~~to GHS Investments,~~000~~ ~~common~~LLC, 150,857 restricted shares toof ~~the~~its ~~CEO~~Common ofstock (the ~~Company~~“Commitment inShares”) ~~exchange~~to ~~for~~offset ~~services~~transaction costs. The shares were valued at $~~370~~155,~~000~~383 based on OTC’s closing trade price on the date of the agreement and were initially recorded as a prepaid expense. The expense will be recognized upon the Company selling shares of common stock to GHS under the equity line.

On12 ~~August~~Table ~~1, 2019, the Company issued 50,000 common shares to the Chief Agricultural Operations Manager~~ of ~~the Company in exchange for consulting services. The shares were valued at $74,000 based on OTC’s closing trade price on the date of the agreement.~~Contents

On ~~August~~September 121, ~~2019~~2020, the Company issued ~~200~~250,000 shares of common ~~shares~~stock to the ~~Chief~~CEO ~~Project Manager~~ of the Company in exchange for consulting services, pursuant to his agreement dated August 1, 2019. The shares were valued at $~~296~~370,000 based on OTC’s closing trade price on the date of the agreement.

On ~~August~~September 121, ~~2019~~2020, the Company issued 25100,000 shares of common ~~shares~~stock to the ~~Assistant~~Company’s ~~Agricultural~~Chief ~~Operations~~Project Manager of(“CPM”) ~~the Company~~ in exchange for consulting services, pursuant to his consulting agreement dated August 1, 2019. The shares were valued at $37148,000 based on OTC’s closing trade price on the date of the agreement.

On ~~August~~September 121, ~~2019~~2020, the Company issued ~~250~~50,000 shares of common ~~shares~~stock in the aggregate to atwo ~~non-related~~relatives ~~party~~of our CPM in exchange for ~~consulting~~production ~~services~~equipment, pursuant to a Stock Purchase Agreement dated September 3, 2020, with an effective date of January 31, 2020. The shares were valued at $~~370~~51,~~000~~500 based on OTC’s closing trade price on the date of the agreement.

On ~~August~~September 121, ~~2019~~2020, the Company issued 50100,000 shares of common ~~shares~~stock to ~~Triton~~the ~~Funds~~Chief ~~LLC~~Science inOfficer ~~exchange~~of ~~for~~the ~~consulting~~Company ~~services~~pursuant to his employment agreement dated August 1, 2020. The shares were valued at $7487,~~000~~250 based on OTC’s closing trade price on the date of the agreement.

On ~~April~~September 2021, 2020, the Company issued 5025,000 common shares to anthe ~~Independent~~Assistant ~~Director~~Agricultural Operations Manager of the Company in exchange for consulting services, pursuant to her consulting agreement dated August 1, 2019. The shares were valued at $~~100~~37,000 based on OTC’s closing trade price on the date of the agreement.

On ~~April~~September 2021, 2020, the Company issued ~~125~~200,000 ~~common~~ shares ~~to the Senior Vice President~~ of ~~Corporate~~common ~~Development~~stock ofpursuant ~~the~~to ~~Company~~a inconsulting ~~exchange~~agreement ~~for~~dated ~~consulting~~July ~~services~~1, 2020. The ~~shares~~value ~~were~~of ~~valued~~the atshares of $~~250~~92,000 ~~based~~was onrecorded ~~OTC’s~~against ~~closing~~stock ~~trade price on the date of the agreement~~payable.

On ~~April~~September 2021, 2020, and under the ~~Company~~terms ~~issued~~of ~~125~~the Placement Agreement dated September 18,~~000~~ ~~common~~2020, ~~shares~~with toBoustead aSecurities ~~Senior~~LLC ~~Vice~~(“BSL”), ~~President~~the ofCompany ~~Business~~issued ~~Development~~to –BSL ~~Agriculture~~an ~~Division~~advisory fee of ~~the~~two ~~Company~~hundred infifty ~~exchange~~thousand ~~for~~(250,000) ~~consulting~~shares ~~services~~of common stock. The shares were valued at $~~250~~187,~~000~~500 based on OTC’s closing trade price on the date of the agreement.

On ~~July~~September 1421, 2020, the Company issued ~~200~~50,000 ~~common~~ shares to the ~~Chief~~Company’s ~~Operating~~CFO, ~~Officer~~pursuant ofto ~~the~~his ~~Company~~consulting inagreement ~~exchange~~dated ~~for~~February ~~services~~13, 2020. The shares were valued at $~~399~~60,~~360~~750 based on OTC’s closing trade price on the date of the agreement.

On ~~July~~September 1421, 2020, the Company issued 50,000 shares of common ~~shares~~stock to ~~the~~a ~~Chief~~consultant ~~Financial~~for ~~Officer~~advice ofon ~~the~~real ~~Company~~estate inacquisitions, ~~exchange~~pursuant ~~for~~to ~~services~~his consulting agreement (see Note 9 (n)). The shares were valued at $6358,500 based on OTC’s closing trade price on the date of the agreement.

On ~~July~~September 1421, 2020, the Company issued 125,000 shares of common ~~shares~~stock to ~~the~~a ~~Senior~~consultant ~~Vice~~for ~~President~~advisory ofservices ~~Corporate~~to ~~Development~~the Board of Directors of the Company, inpursuant ~~exchange~~to ~~for~~his consulting ~~services~~agreement. The shares were valued at $~~250~~113,~~000~~750 based on OTC’s closing trade price on the date of the agreement.

On ~~July~~September 1421, 2020, the Company issued 125,000 shares of common ~~shares~~stock to a ~~Senior~~consultant ~~Vice~~for ~~President~~advisory ofservices ~~Business~~to ~~Development~~the –Board ~~Agriculture~~of ~~Division~~Directors of the Company, inpursuant ~~exchange~~to ~~for~~his consulting ~~services~~agreement. The shares were valued at $~~250~~113,~~000~~750 based on OTC’s closing trade price on the date of the agreement.

On ~~July~~September 1421, 2020, the Company issued ~~in the aggregate 60~~100,000 ~~common~~ shares toof ~~two~~common ~~independent~~stock ~~consultants~~to ina ~~exchange~~consultant for services, pursuant to his agreement dated February 1, 2020. The shares were valued at $48187,~~300~~000 ~~in the aggregate,~~ based on OTC’s closing trade price on the date of ~~their~~the ~~respective agreements~~agreement.

InOn ~~issuing~~September ~~these~~21, ~~shares~~2020, the Company ~~relied~~issued on125,000 ~~the~~shares ~~exemptions~~of ~~afforded~~common bystock ~~Section~~to 4(a~~)(2)~~ ofshareholder for advisory services to the ~~Securities~~Company, ~~Act~~pursuant ofto ~~1933~~his consulting agreement August 1, as2019. ~~amended~~The shares were valued at $185,000 ~~and/or~~based ~~Rule~~on ~~506~~OTC’s ofclosing ~~Regulation~~trade Dprice ~~promulgated~~on ~~thereunder~~the date of the agreement.

On13 ~~April~~Table ~~20, 2020, the Company issued 166,667 common shares to Triton Funds LP upon conversion~~ of ~~$50,000 debt. The shares were valued pursuant to the conversion terms of the convertible promissory note (see note 4(c)).~~Contents

On ~~May~~September 829, 2020, the Company issued ~~214~~140,~~286~~000 shares of common ~~shares~~stock to ~~Triton~~a ~~Funds~~non-related LPthird ~~upon~~party ~~conversion~~for the purchase of ~~$60~~farm vehicles,~~000~~ ofpursuant ~~debt~~to a Stock Purchase Agreement dated July 27, 2020, and effective June 1, 2020. The shares were valued ~~pursuant~~at to$137,200 ~~the~~based ~~conversion~~on ~~terms~~OTC’s ofclosing ~~the~~trade ~~convertible~~price ~~promissory~~on ~~note~~the ~~(see~~effective ~~note~~date ~~4(c))~~of the agreement.

On ~~May~~November 2315, 2020, the Company issued ~~178~~100,~~571~~000 shares of restricted common ~~shares~~stock to ~~Triton~~a ~~Funds~~consultant, LPpursuant ~~upon~~to ~~conversion~~a ofconsulting ~~$50~~agreement dated November 15,~~000~~ 2019, for services performed as COO of ~~debt~~the Company. The shares were valued ~~pursuant~~at to$200,000 ~~the~~based ~~conversion~~on ~~terms~~OTC’s ofclosing ~~the~~trade ~~convertible~~price ~~promissory~~on ~~note~~the ~~(see~~effective ~~note~~date ~~4(c))~~of the agreement.

On ~~June~~November 815, 2020, the Company issued ~~153~~125,~~846~~000 shares of restricted common ~~shares~~stock to ~~Triton~~a ~~Funds~~consultant, LPpursuant ~~upon~~to ~~conversion~~a ofconsulting ~~$40,000~~agreement ofdated ~~debt~~August 18, 2020. The shares were valued ~~pursuant~~at to$75,000 ~~the~~based ~~conversion~~on ~~terms~~OTC’s ofclosing trade price on the ~~convertible~~issuance ~~promissory~~date, ~~note~~pursuant ~~(see~~to ~~note~~the ~~4(c))~~agreement.

On ~~June~~December 231, 2020, the Company issued ~~200~~50,000 shares of restricted common ~~shares~~stock to ~~Triton~~a ~~Funds~~consultant, LPpursuant ~~upon~~to ~~conversion~~a ofconsulting ~~$50~~agreement dated December 1,~~000~~ 2020, for services performed as Corporate Communications Officer of ~~debt~~the Company. The shares were valued ~~pursuant~~at to$34,000 ~~the~~based ~~conversion~~on ~~terms~~OTC’s ofclosing ~~the~~trade ~~convertible~~price ~~promissory~~on ~~note~~the ~~(see~~effective ~~note~~date ~~4(c))~~of the agreement.

On ~~July~~January 2215, ~~2020~~2021, the Company issued ~~321~~100,~~576~~000 shares of restricted common ~~shares~~stock to ~~Triton~~a ~~Funds~~consultant, LPpursuant ~~upon~~to ~~conversion~~a ofconsulting ~~$78~~agreement dated January 15,~~786~~ of2021, ~~debt~~for services performed. The shares were valued ~~pursuant~~at to$75,000 ~~the~~based ~~conversion~~on ~~terms~~OTC’s ofclosing ~~the~~trade ~~convertible~~price ~~promissory~~on ~~note~~the ~~(see~~effective ~~note~~date ~~4(c))~~of the agreement.

InOn ~~issuing~~February ~~these~~17, ~~shares~~2021, the Company ~~relied~~issued on125,000 ~~the~~shares ~~exemptions~~of ~~afforded~~restricted bycommon ~~Section~~stock 3(to a~~)(9)~~ ofconsultant, ~~the~~pursuant ~~Securities~~to ~~Act of~~a ~~1933~~consultant agreement dated February 1, as2021, ~~amended~~for services performed. The shares were valued at $113, as750 ~~well~~based ason ~~Section~~OTC’s ~~4(a)(2)~~closing oftrade price on the ~~Securities~~effective ~~Act~~ date of ~~1933,~~the ~~as amended~~agreement.

14On ~~Table~~February 17, 2021, the Company issued 200,000 shares of ~~Contents~~restricted common stock to a consultant, pursuant to a consultant agreement dated August 1, 2019, for services performed. The shares were valued at $296,000 based on OTC’s closing trade price on the effective date of the agreement.

~~Other~~On ~~Stockholder~~March ~~Matters~~10, 2021, the Company recorded the issuance in the aggregate of 200,000 shares of restricted common stock to two consultants, pursuant to a consultant agreement dated March 10, 2021, for services performed. The shares were valued at $206,000 based on OTC’s closing trade price on the effective date of the agreement.

~~None~~On March 11, 2021, the Company recorded the issuance in the aggregate of 60,000 shares of restricted common stock pursuant to an Asset Purchase Agreement between the Company and Castillo for the purchase of certain assets. The shares were valued at $69,600 based on OTC’s closing trade price on the effective date of the agreement and the Company recorded inventory of $69,400.

~~Item~~On 6March 15, 2021, the Company recorded the issuance of 260,000 shares of restricted common stock pursuant to a consultant agreement dated March 15, 2021, for services performed. ~~Selected~~The ~~Financial~~shares ~~Data~~were valued at $338,000 based on OTC’s closing trade price on the effective date of the agreement.

~~Not~~On ~~applicable~~June 8, 2021, the Company issued 75,000 shares of restricted common stock pursuant to ~~smaller~~a ~~reporting~~consulting ~~companies~~agreement dated May 1, 2021, for services. The shares were valued at $97,500 based on OTC’s closing trade price on the date of the agreement.

~~Item~~On 7.June ~~Management’s~~8, ~~Discussion~~2021, ~~and~~the ~~Analysis~~Company issued 100,000 shares of ~~Financial~~common ~~Condition~~stock ~~and~~to ~~Results~~the CEO of ~~Operations~~the Company in exchange for consulting services, pursuant to his agreement dated August 1, 2019. The shares were valued at $185,000 based on OTC’s closing trade price on the date of the agreement.

~~Forward~~On ~~Looking~~June ~~Statements~~8, 2021, the Company issued 100,000 shares of restricted common stock to a consultant, pursuant to a consulting agreement dated November 15, 2019, for services performed as COO of the Company. The shares were valued at $200,000 based on OTC’s closing trade price on the effective date of the agreement.

~~The~~14 ~~following~~Table ~~is management’s discussion and analysis~~ of certain significant factors that have affected our financial position and operating results during the periods included in the accompanying consolidated financial statements, as well as information relating to the plans of our current management. This report includes forward-looking statements. Generally, the words “believes,” “anticipates,” “may,” “will,” “should,” “expect,” “intend,” “estimate,” “continue,” and similar expressions or the negative thereof or comparable terminology are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including the matters set forth in this report or other reports or documents we file with the Securities and Exchange Commission from time to time, which could cause actual results or outcomes to differ materially from those projected. Undue reliance should not be placed on these forward-looking statements which speak only as of the date hereof. We undertake no obligation to update these forward-looking statements. Contents

~~The~~On ~~independent~~June ~~auditors’~~8, ~~report~~2021, ~~on our financial statements for~~ the ~~years~~Company ~~ended~~issued ~~July 31~~100,000 ~~2020~~shares ~~and~~of ~~2019~~common ~~includes~~stock ato ~~“going~~the ~~concern”~~Chief ~~explanatory~~Science ~~paragraph~~Officer ~~that~~of ~~describes~~the ~~substantial~~Company ~~doubt~~pursuant ~~about~~to ~~our~~his ~~ability~~employment toagreement ~~continue~~dated asAugust a1, ~~going concern~~2020. ~~Management’s~~The ~~plans~~shares inwere ~~regard~~valued toat ~~the~~$87,250 ~~factors~~based ~~prompting~~on ~~the~~OTC’s ~~explanatory~~closing ~~paragraph~~trade ~~are~~price ~~discussed~~on ~~below~~the ~~and~~date ~~also~~of ~~in Note 1 to~~ the ~~consolidated financial statements filed herein~~agreement.

~~While~~On ~~our~~June ~~financial~~8, ~~statements~~2021, ~~are presented on~~ the ~~basis~~Company ~~that~~issued ~~we are a going concern~~50,000 ~~which~~shares ~~contemplates the realization~~ of ~~assets~~common ~~and~~stock ~~the~~to ~~satisfaction~~a ofnon-related ~~liabilities~~party consultant in ~~the~~exchange ~~normal~~for ~~course~~consulting ofservices ~~business~~pursuant ~~over~~to a ~~reasonable~~February ~~length~~1, of2021 ~~time,~~agreement. ~~our~~The ~~auditors~~shares ~~have~~were ~~raised~~valued aat ~~substantial~~$44,500 ~~doubt~~based ~~about~~on ~~our~~OTC’s ~~ability~~closing totrade ~~continue~~price ason athe ~~going~~date ~~concern~~of the agreement.

~~Results~~On June 8, 2021, the Company issued 100,000 shares of ~~Operations~~common stock to a non-related party consultant in exchange for consulting services pursuant to a March 15, 2021 agreement. The shares were valued at $130,000 based on OTC’s closing trade price on the date of the agreement.

~~Revenues~~On June 8, 2021, the Company issued 100,000 shares of common stock to a non-related party consultant in exchange for consulting services pursuant to a March 15, 2021 agreement. The shares were valued at $130,000 based on OTC’s closing trade price on the date of the agreement.

WeOn ~~are~~June ~~currently~~8, in2021, the ~~product~~Company ~~growing~~issued ~~and~~100,000 ~~production~~shares ~~stages~~of ~~and~~common ~~anticipate~~stock ~~producing~~to ~~revenue~~a innon-related ~~the~~party ~~next~~consultant ~~six months. We have recognized $162,374~~ in ~~revenue~~exchange for ~~the~~consulting ~~year~~services ~~ended July 31, 2020 from license fees~~ pursuant to a ~~license~~March ~~agreement~~15, ~~for~~2021 ~~the right to use the premises at the Potrero Ranch Property for temporary storage of construction equipment~~agreement. The ~~Company~~shares ~~plans~~were tovalued ~~continue~~at to$130,000 ~~seek~~based ~~other~~on ~~additional~~OTC’s ~~similar~~closing ~~license~~trade ~~agreements~~price oron ~~sub-leases~~the date of ~~our~~the ~~properties~~agreement.

~~Expenses~~On June 8, 2021, the Company issued 50,000 shares of common stock to a non-related party consultant in exchange for consulting services pursuant to a March 15, 2021 agreement. The shares were valued at $65,000 based on OTC’s closing trade price on the date of the agreement.

~~Operating~~On ~~expenses~~June ~~for~~8, 2021, the ~~year~~Company ~~ended~~issued ~~July 31~~25,000 ~~2020~~shares ~~increased~~of tocommon ~~$6,685,397~~stock ~~compared~~ to ~~$1,818,511~~a ~~for~~non-related ~~the~~party ~~year~~consultant ~~ended~~in ~~July~~exchange ~~31,~~for ~~2019.~~consulting ~~These~~services ~~expenses~~pursuant ~~consisted~~to ofa ~~consulting~~March ~~fees~~15, ~~business~~2021 ~~development~~agreement. ~~costs,~~The ~~inventory~~shares ~~impairment,~~were ~~supplies,~~valued ~~wages~~at ~~and~~$32,500 ~~general~~based ~~operating~~on ~~expenses~~OTC’s ~~incurred~~closing intrade ~~connection~~price ~~with~~on the ~~day~~date ~~to day operation~~ of ~~our business and~~ the ~~preparation and filing of our periodic reports as follows:~~ agreement.

	Year Ended
	July 31,2020		July 31,2019		Change
Expenses:
Consulting Fees	$	725,136	$	152,172	$	572,964
Business Development Costs		2,833,504		1,595,036		1,238,468
Supplies		1,150,674		-		1,150,674
Subcontracts		138,699		-		138,699
Payroll Expenses		832,110		-		832,110
General and Administrative		620,748		71,303		549,445
Inventory impairment expense		306,450		-		306,450
Depreciation		78,076		-		78,076
Total	$	6,685,397	$	1,818,511	$	4,866,886

On June 8, 2021, the Company issued 100,000 shares of restricted common stock to a consultant, pursuant to a consulting agreement dated November 15, 2019, for services performed as COO of the Company. The shares were valued at $200,000 based on OTC’s closing trade price on the effective date of the agreement.

~~This~~On ~~increase~~June is8, ~~primarily~~2021, ~~due~~the toCompany aissued ~~material~~50,000 ~~increase~~shares inof ~~business~~restricted ~~development~~common ~~costs~~stock ~~but~~to ~~was~~a ~~also~~consultant, ~~due~~pursuant to ~~increases~~a in consulting ~~fees,~~agreement ~~supplies~~dated December 1, ~~subcontracts~~2020, ~~payroll~~for ~~expenses,~~services ~~and~~performed ~~general~~as ~~and~~Corporate ~~administrative~~Communications ~~costs~~Officer of the Company. The shares were valued at $34,000 ~~all~~based ofon ~~which~~OTC’s ~~resulted~~closing ~~from~~trade ~~our~~price ~~commencement~~on the effective date of ~~cultivation~~the ~~operation~~agreement.

~~Other~~During ~~income~~the ~~(expenses)~~year ended July 31, 2020, the Company issued the following shares of common stock:

WeOn ~~incurred~~August ~~a total of $~~1,~~204~~ 2019,~~222~~ ~~in interest expenses due to debt financing during~~ the ~~year~~Company ~~ended~~issued ~~July 31~~250,000 ~~2020,~~common ~~which~~shares isto anthe ~~increase~~CEO ~~from~~of ~~$25,383 for~~ the ~~same~~Company ~~period~~ in ~~2019~~exchange for services. The ~~debt~~shares ~~financing~~were ~~costs~~valued ~~include~~at $~~610~~370,~~523~~000 inbased ~~interest~~on ~~expense~~OTC’s ~~and~~closing ~~$593,699~~trade inprice ~~debt~~on ~~discount~~the ~~costs~~date of the agreement.

~~Net~~On ~~Loss~~August 1, 2019, the Company issued 50,000 common shares to the Chief Agricultural Operations Manager of the Company in exchange for consulting services. The shares were valued at $74,000 based on OTC’s closing trade price on the date of the agreement.

WeOn ~~incurred~~August ~~net~~1, ~~losses~~2019, ofthe ~~$7,728,245~~Company ~~and~~issued $1200,~~843,894~~000 ~~for~~common shares to the ~~years~~Chief ~~ended~~Project ~~July~~Manager ~~31,~~of ~~2020~~the ~~and~~Company ~~2019,~~in ~~respectively~~exchange for consulting services. ~~These~~The ~~losses~~shares were ~~the~~valued ~~result~~at of$296,000 ~~the~~based ~~revenues~~on ~~and~~OTC’s ~~expenses~~closing ~~described~~trade ~~above~~price on the date of the agreement.

15On ~~Table~~August 1, 2019, the Company issued 25,000 common shares to the Assistant Agricultural Operations Manager of ~~Contents~~the Company in exchange for consulting services. The shares were valued at $37,000 based on OTC’s closing trade price on the date of the agreement.

~~Our~~On ~~auditors~~August ~~have~~1, ~~issued a going concern opinion as at July 31~~2019, ~~2020. This means that there is substantial doubt that we can continue as an on-going business for~~ the ~~next~~Company ~~twelve~~issued ~~months~~250,000 ~~unless~~common weshares ~~obtain additional capital~~ to ~~pay~~a ~~our~~non-related ~~bills.~~party ~~This~~in isexchange ~~because~~for weconsulting ~~have generated minimal revenue~~services. ~~There~~The isshares nowere ~~assurance~~valued weat ~~will~~$370,000 ~~ever~~based ~~generate~~on ~~significant~~OTC’s ~~revenue.~~closing ~~The~~trade ~~following~~price ~~table~~on ~~provides~~the ~~selected~~date ~~financial~~of ~~data about our company for~~ the ~~years ended July 31, 2020 and 2019~~agreement.

~~Balance~~15 ~~Sheet~~Table ~~Data:~~of Contents

	2020			2019
Cash	$	40,538		$	3,253
Deposits	$	-		$	100,000
Inventory	$	-		$	306,50
Fixed assets, net	$	4,727,464		$	145,138
Total assets	$	4,768,002		$	554,841
Total liabilities	$	9,200,522		$	1,194,836
Shareholders’ deficit	$	(4,432,520	)	$	(639,995	)

On August 1, 2019, the Company issued 50,000 common shares to Triton Funds LLC in exchange for consulting services. The shares were valued at $74,000 based on OTC’s closing trade price on the date of the agreement.

~~Liquidity~~On ~~and~~April ~~Capital~~20, ~~Resources~~2020, the Company issued 50,000 common shares to an Independent Director of the Company in exchange for consulting services. The shares were valued at $100,000 based on OTC’s closing trade price on the date of the agreement.

~~Our~~On ~~cash~~April ~~balance~~20, at2020, ~~July~~the 31Company issued 125,000 ~~2020~~common ~~was~~shares ~~$40,538~~to ~~(2019~~the -Senior ~~$3,253)~~Vice ~~with~~President ~~current~~of ~~liabilities~~Corporate Development of ~~$4,582,390~~the ~~(2019~~Company -in exchange for consulting services. The shares were valued at $1250,~~194,836)~~000 based on OTC’s closing trade price on the date of the agreement.

~~Our~~On ~~current~~April ~~cash~~20, ~~balance~~2020, ~~will~~the beCompany ~~unable~~issued to125,000 ~~sustain~~common ~~operations~~shares ~~for~~to ~~the~~a ~~next~~Senior ~~twelve~~Vice ~~months.~~President Weof ~~will~~Business beDevelopment ~~forced~~– toAgriculture ~~raise~~Division ~~additional~~of ~~funds~~the byCompany ~~issuing~~in ~~new~~exchange ~~debt~~for orconsulting ~~equity securities or otherwise~~services. IfThe weshares ~~fail~~were tovalued ~~raise~~at ~~sufficient~~$250,000 ~~capital~~based ~~when~~on ~~needed,~~OTC’s weclosing ~~will~~trade ~~not~~price beon ~~able~~the todate ~~complete~~of ~~our~~the ~~business plan~~agreement.

AsOn of July 3114, 2020, ~~our~~the ~~current~~Company ~~assets~~issued ~~were $40~~200,~~538,~~000 ~~comprised~~common ofshares ~~cash.~~to ~~This~~the isChief aOperating ~~decrease~~Officer inof ~~current~~the ~~assets~~Company ~~from~~in ~~$309,703~~exchange asfor ~~of July 31, 2019~~services. ~~Our~~The ~~working~~shares ~~capital~~were ~~deficit~~valued asat ~~of July 31, 2020 was~~ $4399,~~541,852,~~360 ~~compared~~based toon aOTC’s ~~working~~closing ~~capital~~trade ~~deficit~~price ofon ~~$885,133~~the asdate of ~~July~~the ~~31, 2019~~agreement.

~~Working~~On ~~Capital~~July 14, 2020, the Company issued 50,000 common shares to the Chief Financial Officer of the Company in exchange for services. The shares were valued at $63,500 based on OTC’s closing trade price on the date of the agreement.

	July 31, 2020 $			July 31, 2019 $
Current Assets		40,538			309,703
Current Liabilities		4,582,390			1,194,836
Working Capital (Deficit)		(4,541,852	)		(885,133	)

On July 14, 2020, the Company issued 125,000 common shares to the Senior Vice President of Corporate Development of the Company in exchange for consulting services. The shares were valued at $250,000 based on OTC’s closing trade price on the date of the agreement.

~~During~~On ~~the year ended~~ July 3114, 2020, wethe ~~used~~Company $2issued 125,~~381,837~~000 common shares to a Senior Vice President of ~~cash~~Business Development – Agriculture Division of the Company in exchange for ~~operating~~consulting ~~activities~~services. ~~compared~~The toshares ~~generating~~were valued at $~~556~~250,~~178~~000 ~~for~~based ~~the~~on ~~year~~OTC’s ~~ended~~closing ~~July~~trade ~~31,~~price ~~2019~~on the date of the agreement.

~~During~~On ~~the year ended~~ July 3114, 2020, wethe ~~used~~Company ~~$218~~issued in the aggregate 60,~~586~~000 ofcommon ~~cash~~shares to two independent consultants in exchange for ~~investing~~services. ~~activities~~The ~~compared~~shares towere valued at $~~245~~48,~~138~~300 ~~for~~in the ~~year~~aggregate, ~~ended~~based ~~July~~on ~~31,~~OTC’s ~~2019~~closing trade price on the date of their respective agreements.

~~During~~In issuing these shares, the ~~year~~Company ~~ended~~relied ~~July~~on ~~31,~~the ~~2020,~~exemptions weafforded ~~generated~~by $Section 4(a)(2~~,637,708~~) of ~~cash~~the ~~from~~Securities ~~financing~~Act ~~activities~~of ~~compared~~1933, toas ~~$801~~amended,~~437~~ ~~for~~and/or ~~the~~Rule ~~year~~506 ~~ended~~of ~~July~~Regulation ~~31,~~D ~~2019~~promulgated thereunder.

~~Cash~~On ~~Flows~~April 20, 2020, the Company issued 166,667 common shares to Triton Funds LP upon conversion of $50,000 debt. The shares were valued pursuant to the conversion terms of the convertible promissory note.

	Year Ended July 31, 2020 $			Year Ended July 31, 2019 $
Net cash used in operating activities		(2,381,837	)		(556,178	)
Net cash used in investing activities		(218,586	)		(245,138	)
Net cash provided by financing activities		2,637,708			801,437
Net change in cash		37,285			3,121

On May 8, 2020, the Company issued 214,286 common shares to Triton Funds LP upon conversion of $60,000 of debt. The shares were valued pursuant to the conversion terms of the convertible promissory note.

~~Our~~On ~~current~~May ~~cash~~23, ~~balance~~2020, ~~will be unable to sustain operations for~~ the ~~next~~Company ~~twelve~~issued ~~months.~~178,571 Wecommon ~~will~~shares ~~be forced~~ to ~~raise~~Triton ~~additional~~Funds ~~funds~~LP byupon ~~issuing~~conversion ~~new~~of ~~debt or equity securities or otherwise. We have received approximately~~ $~~300~~50,000 ~~since~~of ~~August~~debt. 1,The ~~2020,~~shares ~~from~~were ~~related~~valued ~~parties.~~pursuant ~~If we fail~~ to ~~raise~~the ~~sufficient~~conversion ~~capital~~terms ~~when~~of ~~needed,~~the weconvertible ~~will~~promissory ~~not be able to complete our business plan~~note.

16On ~~Table~~June 8, 2020, the Company issued 153,846 common shares to Triton Funds LP upon conversion of ~~Contents~~$40,000 of debt. The shares were valued pursuant to the conversion terms of the convertible promissory note.

~~The~~On ~~future~~June of23, ~~our~~2020, the Company isissued ~~dependent~~200,000 ~~upon~~common ~~its~~shares ~~ability~~ to ~~obtain~~Triton ~~financing~~Funds ~~and~~LP upon ~~future~~conversion ~~profitable~~of ~~operations~~$50,000 ~~from~~of debt. The shares were valued pursuant to the ~~development~~conversion terms of ~~acquisitions~~the convertible promissory note.

WeOn ~~estimate~~July ~~that~~22, ~~our~~2020, ~~expenses over~~ the ~~next~~Company 12issued ~~months~~321,576 ~~will~~common beshares ~~approximately~~to ~~$2,600,000,~~Triton ~~comprised~~Funds ofLP ~~$2,400,000~~upon inconversion ~~operating~~of ~~expenses and~~ $~~200~~78,~~000~~786 inof ~~investing activities~~debt. ~~These~~The ~~estimates~~shares ~~may~~were ~~change~~valued ~~significantly~~pursuant ~~depending~~to on the ~~performance~~conversion terms of ~~our products in~~ the ~~marketplace~~convertible ~~and~~promissory ~~our ability to raise capital from shareholders or other sources~~note.

We16 ~~intend~~Table ~~to meet our cash requirements for the next 12 months through a combination~~ of debt financing and equity financing by way of private placements. We currently do not have any arrangements in place to complete any private placement financings and there is no assurance that we will be successful in completing any private placement financings on terms that will be acceptable to us. We may not raise sufficient funds to fully carry out our business plan.Contents

~~Effective~~In ~~December~~issuing ~~19,~~these ~~2019,~~shares ~~we entered into a securities purchase agreement dated as of December 19, 2019 (~~the ~~“SPA”)~~Company ~~with~~relied ~~Triton~~on ~~Funds, LP, an accredited investor (~~the ~~“Buyer”),~~exemptions ~~pursuant~~afforded toby ~~which~~Section ~~the Company issued and sold to the Buyer~~ 3(i) a ~~convertible promissory note~~ )(~~the “Note”~~9) inof the ~~aggregate~~Securities ~~principal~~Act ~~amount~~ of ~~up to $750~~1933,~~000,~~ ~~due~~as ~~June 30~~amended, ~~2020,~~as ~~bearing~~well ~~interest~~as atSection ~~a rate of ten percent~~ 4(~~10%) per annum and convertible into shares of the Company’s common stock at~~ a ~~conversion price of $2.50 per share and (ii~~) ~~a common stock purchase warrant~~ (~~the “Warrant”), exercisable for two (~~2) ~~years, to purchase up to 250,000 shares~~ of the ~~Company’s~~Securities ~~common~~Act ~~stock at an exercise price~~ of ~~$3.00 per share~~1933, ~~for~~as ~~an aggregate purchase price of $600,000~~amended. The Note can be prepaid at any time by paying 110% of the then outstanding principal, interest, default interest (if any), and any other amounts then due under the Note. The Note is initially convertible at a price per share equal to $2.50 (the “Fixed Conversion Price”); provided, however, that during the continuance of an event of default under the Note, the conversion price shall be equal to 75% of the lowest trading price of the Company’s common stock during the 30 trading days prior to conversion.

OnOther ~~December~~Stockholder 31, 2019, Triton paid an initial purchase price of $100,000 at the initial closing. The Company received net proceeds of $85,000 after paying fees of $15,000. On February 20, 2020, Triton paid the purchase price balance of $500,000. During the year ended July 31, 2020, the Company made a cash payment of $250,000 on the debt and Triton converted $328,786 of the debt into 1,234,946 shares of common stock pursuant to the terms of the agreement. Matters

Concurrently therewith, we entered into a registration rights agreement with the Buyer, pursuant to which we agreed to file a registration statement with the SEC for the registration of the secondary offering and resale of the shares issuable upon conversion of the Note and exercise of the Warrant and to have the registration statement declared effective by the SEC at the earliest possible dateNone. ~~The registration was declared effective by the SEC on February 11, 2020. The Buyer paid the purchase balance, and the Note and Warrant fully vested, on February 20, 2020.~~

OnItem March 31, 2020, we and Triton entered into a Modification Agreement, pursuant to which (i) we paid $250,000 of the principal amount of the Note, bringing the principal balance of the Note to $500,000, (ii) the maturity date of the Note was extended to August 20, 2020, (iii) the conversion price of the Note was established as 75% of the lowest trading price of our common stock during the 30 trading days prior to conversion, and (iv) the minimum volume weighted price requirement of the Note was deleted6. OnSelected ~~August~~Financial ~~19,~~Data ~~2020, the Company paid the remaining principal and accrued and unpaid interest in the aggregate of $200,000 and as of that date the note balance is $-0-.~~

OnNot ~~April~~applicable 30, 2020, we received loan proceeds in the amount of $444,850 under the Paycheck Protection Program (“PPP”). The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), provides for loans to ~~qualifying~~smaller ~~businesses~~reporting ~~for amounts up to 2~~companies.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable after eight weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the eight-week period. The unforgiven portion of the PPP loan is payable over two years at an interest rate of 1%, with a deferral of payments for the first six months. We intend to use the proceeds for purposes consistent with the PPP. While we currently believe that our use of the loan proceeds will meet the conditions for forgiveness of the loan, we cannot assure you that we will not take actions that could cause us to be ineligible for forgiveness of the loan, in whole or in part.

WeItem ~~may~~7. ~~rely~~Management’s onDiscussion ~~equity~~and ~~sales~~Analysis of ~~our~~Financial ~~common~~Condition ~~stock~~and inResults ~~order to fund our business operations. Issuances~~ of additional shares will result in dilution to our existing stockholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our planned business activities.Operations

~~Since~~Forward ~~August~~Looking ~~1, 2020, the Company has entered into the following agreements to address the cash needs of the Company:~~Statements

The ~~Company~~following ~~entered~~is ~~into~~management’s andiscussion ~~Equity~~and ~~Financing~~analysis ~~Agreement~~of ~~(the~~certain ~~“Financing~~significant ~~Agreement”)~~factors ~~dated~~that ashave ofaffected ~~September~~our ~~13,~~financial ~~2020~~position ~~with~~and ~~GHS~~operating ~~Investments,~~results ~~LLC~~during ~~(“GHS”)~~the ~~for~~periods anincluded ~~equity~~in ~~line.~~the ~~Although~~accompanying weconsolidated ~~are~~financial ~~not~~statements, ~~required~~as towell ~~sell~~as ~~shares~~information ~~under~~relating to the ~~Financing~~plans ~~Agreement,~~of ~~the~~our ~~Financing~~current ~~Agreement~~management. ~~gives~~This usreport ~~the~~includes ~~option~~forward-looking tostatements. ~~sell~~Generally, tothe ~~GHS~~words up“believes,” to“anticipates,” ~~$25~~“may,~~000~~” “will,~~000~~” ~~worth~~“should,” of“expect,” ~~our~~“intend,” ~~common stock~~“estimate,” ~~in increments~~“continue,” ~~over~~and ~~the~~similar ~~period~~expressions ~~ending~~or on the ~~earlier~~negative ofthereof ~~(i)~~or ~~the~~comparable ~~date~~terminology ~~GHS~~are ~~has~~intended ~~purchased~~to anidentify ~~aggregate~~forward-looking ofstatements. ~~$25,000,000~~Such ofstatements ~~our~~are ~~common~~subject ~~stock pursuant~~ to ~~the~~certain ~~Financing~~risks ~~Agreement~~and uncertainties, orincluding ~~(ii)~~ the ~~date~~matters ~~that~~set ~~the~~forth ~~registration~~in ~~statement~~this ~~for~~report ~~the~~or ~~registration~~other ofreports ~~the~~or ~~secondary~~documents ~~offering~~we ~~and~~file ~~resale~~with of the ~~shares~~Securities toand beExchange ~~acquired~~Commission byfrom ~~GHS~~time ~~pursuant~~ to ~~the~~time, ~~Financing~~which ~~Agreement~~could iscause noactual ~~longer~~results inor ~~effect~~outcomes ~~(the~~to ~~“Open~~differ ~~Period”).~~materially ~~Concurrently~~from ~~with~~those ~~the~~projected. ~~execution~~Undue ofreliance ~~the~~should ~~Financing~~not ~~Agreement,~~be ~~the~~placed ~~Company~~on ~~issued~~these toforward-looking ~~GHS~~statements ~~150,857~~which ~~restricted~~speak ~~shares~~only as of ~~its~~the ~~Common~~date ~~stock (“Commitment Shares”) to offset transaction costs~~hereof. ~~The~~We ~~Commitment~~undertake ~~Shares~~no ~~are~~obligation ~~deemed~~to ~~earned~~update ~~upon~~these ~~the~~forward-looking ~~execution of the Financing Agreement~~statements.

17The ~~Table~~independent ofauditors’ ~~Contents~~report on our financial statements for the years ended July 31, 2021 and 2020 includes a “going concern” explanatory paragraph that describes substantial doubt about our ability to continue as a going concern. Management’s plans in regard to the factors prompting the explanatory paragraph are discussed below and also in Note 1 to the consolidated financial statements filed herein.

WeWhile ~~will sell shares of~~ our ~~common~~financial ~~stock~~statements toare ~~GHS~~presented ~~at a price equal to 100% of the lowest closing price of our common stock during the ten (10) consecutive trading day period ending~~ on the ~~date~~basis onthat ~~which~~ we ~~deliver~~are a ~~put~~going ~~notice to GHS (the “Market Price”)~~concern, ~~and~~which wecontemplates ~~will be obligated to simultaneously deliver~~ the ~~number~~realization of ~~shares~~assets ~~equal~~and ~~to120% of~~ the ~~put~~satisfaction ~~notice~~of ~~amount~~liabilities ~~based~~in on the ~~Market~~normal ~~Price.~~course Inof ~~addition,~~business ~~the~~over ~~Financing~~a ~~Agreement~~reasonable ~~(i)~~length ~~imposes an ownership limitation on GHS~~ of ~~4.99% (i.e.~~time, ~~GHS~~our ~~has~~auditors nohave ~~obligation~~raised toa ~~purchase~~substantial ~~shares~~doubt ifabout ~~it beneficially owns more than 4.99% of~~ our ~~common~~ability ~~stock),~~to ~~(ii)~~continue ~~requires~~as a ~~minimum~~going ~~of ten (10) trading days between put notices, and (iii) prohibits any single Put Amount from exceeding $500,000~~concern.

~~Concurrently~~Results ~~therewith, we entered into a registration rights agreement with GHS, pursuant to which we agreed to file a registration statement with the SEC for the registration~~ of the secondary offering and resale of the shares to be acquired by GHS pursuant to the Financing Agreement and the 150,857 Commitment Shares and to have the registration statement declared effective by the SEC at the earliest possible date. The registration statement was declared effective by the SEC on September 21, 2020.Operations

On September 18, 2020 (the “Effective Date”), the Company entered into a Placement Agent and Advisory Services Agreement (the “Placement Agreement”) with Boustead Securities, LLC (“BSL”), an investment banking firm that advises clients on mergers and acquisitions, capital raises, and restructuring assignments in a wide array of industries and circumstances.Revenues

~~The~~We ~~initial~~are ~~term~~currently ofin ~~this~~the ~~Agreement~~product ~~shall~~growing beand ~~exclusive~~production ~~for~~stages ~~six~~and ~~(6)~~anticipate ~~months~~producing ~~from~~revenue during the ~~Company’s~~fiscal ~~delivery~~year ofending anJuly ~~offering~~31, ~~memorandum to BSL (the “Initial Term”)~~2022. ~~After~~We ~~the~~have ~~Initial~~recognized ~~Term, the term~~ of ~~the~~$40,954 ~~Placement~~and ~~Agreement~~$162,374 ~~will~~in ~~automatically~~revenue ~~be extended~~ for ~~additional~~the ~~successive~~years ~~one~~ended ~~(1)~~July ~~year~~31, ~~periods~~2021, ~~unless~~and ~~either~~2020, ~~party~~from ~~provides~~license ~~written~~fees ~~notice~~pursuant to ~~the~~a ~~other~~license ~~party~~agreement offor ~~its~~the ~~intent~~right ~~not~~ to souse ~~extend~~ the ~~term~~premises at ~~least~~the ~~thirty~~Potrero ~~(30)~~Ranch ~~days~~Property ~~before~~for ~~the~~temporary ~~expiration~~storage of ~~the~~construction ~~then current term~~equipment. ~~Under~~The ~~the terms of the Placement Agreement, the~~ Company ~~has~~plans ~~agreed~~ to ~~issue~~continue to ~~BSL~~seek another ~~advisory~~additional ~~fee~~similar oflicense ~~two~~agreements ~~hundred~~or ~~fifty~~sub-leases ~~thousand (250,000) common stock shares with an issuance date~~ of ~~the~~our ~~Effective Date~~properties.

~~Critical Accounting Policies~~Expenses

~~Use~~Operating expenses for the year ended July 31, 2021, increased to $7,439,012 compared to $6,685,397 for the year ended July 31, 2020. These expenses consisted of ~~Estimates~~consulting fees, business development costs, research and development costs, inventory impairment, supplies, wages and general operating expenses incurred in connection with the day to day operation of our business and the preparation and filing of our periodic reports as follows:

~~The~~17 ~~preparation~~Table of the financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Our Company regularly evaluates estimates and assumptions related to deferred income tax asset valuation allowances. Our Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by our Company may differ materially and adversely from our Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.Contents

Cash and Cash Equivalents

	Year Ended
	July 31, 2021		July 31, 2020		Change
Expenses:
Consulting Fees	$	519,804	$	534,480	$	(14,676	)
Supplies		281,910		1,150,674		(868,764	)
Payroll and subcontractors		113,493		970,809		(857,316	)
Stock based compensation		4,748,058		3,024,160		1,723,898
General and Administrative		625,141		620,748		4,392
Research and development costs		803,002		-		803,002
Inventory impairment expense		172,400		306,450		(134,050	)
Depreciation		175,204		78,076		97,128
Total	$	7,439,012	$	6,685,397	$	(753,614	)

~~The~~This ~~Company~~increase ~~considers~~for ~~all~~the ~~highly~~year ~~liquid~~ended ~~instruments~~July ~~with~~31, ~~maturity~~2021, ofis ~~three~~primarily ~~months~~due orto ~~less~~increases atin ~~the~~stock-based ~~time~~compensation ofexpense, ~~issuance~~research and ~~trust~~development ~~funds~~costs, inventory impairment expense and depreciation partially offset by decreases in consulting fees, payroll and subcontractor expenses and supplies, compared to bethe ~~cash~~year ~~equivalents~~ended July 31, 2020.

~~Inventory~~Stock compensation expense for the year ended July 31, 2021, was the result of the following issuances:

~~Inventory~~· isOn ~~carried~~September 2, 2020, the Company issued 500,000 common shares to SRAX, Inc. (“SRAX”), in exchange for the one-year right to use the SRAX Sequire platform, pursuant to a Platform Account Contract dated August 4, 2020. The shares were valued at $355,550 based on OTC’s closing trade price on the ~~lower~~date of ~~cost~~the oragreement, ~~net~~and ~~realizable~~are ~~value~~included in stock-based compensation expense for the year ended July 31, 2021, On September 13, 2020, and concurrently with the ~~cost~~execution ~~being~~of ~~determined~~the onFinancing aAgreement, ~~first-in~~the Company issued to GHS Investments, ~~first-out~~LLC, 150,857 restricted shares of its Common stock (~~FIFO~~the “Commitment Shares”) ~~basis~~to offset transaction costs. The ~~Company~~shares ~~periodically~~were ~~reviews~~valued ~~physical~~at ~~inventory~~$155,383 based on OTC’s closing trade price on the date of the agreement and ~~will~~were ~~record~~recorded as a ~~reserve~~prepaid ~~for~~expense. ~~excess~~As a result of the Company not selling any shares to GHS, and~~/or~~ ~~obsolete~~may ~~inventory~~not ifoccur ~~necessary.~~in ~~During~~the future, the Company recognized $155,383 as stock- based compensation expense for the year ended July 31, 2021. · On September 21, 2020, ~~inventory~~the Company issued 250,000 shares of common stock to the CEO of the Company in exchange for consulting services, pursuant to his agreement dated August 1, 2019. The shares were valued at $~~306~~370,~~450~~000 ~~was~~based ~~fully~~on ~~impaired~~OTC’s ~~due~~closing trade price on the date of the agreement. · On September 21, 2020, the Company issued 100,000 shares of common stock to ~~unfavorable~~the ~~weather~~Chief ~~conditions~~Project Manager of the Company in exchange for consulting services, pursuant to his consulting agreement dated August 1, 2019. InThe shares were valued at $148,000 based on OTC’s closing trade price on the ~~early~~date ~~growing~~of ~~stages~~the agreement. · On September 21, 2020, the ~~plants~~Company issued 100,000 shares of common stock to the Chief Science Officer of the Company pursuant to his employment agreement dated August 1, 2020. The shares were ~~severely~~valued ~~damaged~~at by$87,250 abased ~~sand~~on ~~storm~~OTC’s ~~and~~closing ~~could~~trade ~~not~~price beon ~~salvaged~~the date of the agreement.

Impairment of Long-Lived Assets

	·	On September 21, 2020, the Company issued 25,000 common shares to the Assistant Agricultural Operations Manager of the Company in exchange for consulting services, pursuant to her consulting agreement dated August 1, 2019. The shares were valued at $37,000 based on OTC’s closing trade price on the date of the agreement.

	·	On September 21, 2020 and under the terms of the Placement Agreement dated September 18, 2020, with Boustead Securities LLC (“BSL”), the Company issued to BSL an advisory fee of 250,000 shares of common stock . The shares were valued at $187,500 based on OTC’s closing trade price on the date of the agreement.

~~The~~18 ~~Company~~Table ~~evaluates the recoverability~~ of its fixed assets and other assets in accordance with ASC 360-10- 15, Impairment or Disposal of Long-Lived Assets. Impairment of long-lived assets is recognized when the net book value of such assets exceeds their expected cash flows, in which case the assets are written down to fair value, which is determined based on discounted future cash flows or appraised values.Contents

· On September 21, 2020, the Company issued 50,000 shares to the Company’s CFO, pursuant to his consulting agreement dated February 13, 2020. The shares were valued at $60,750 based on OTC’s closing trade price on the date of the agreement. · On September 21, 2020, the Company issued 50,000 shares of common stock to a consultant for advice on real estate acquisitions, pursuant to his consulting agreement. The shares were valued at $58,500 based on OTC’s closing trade price on the date of the agreement. · On September 21, 2020, the Company issued 125,000 shares of common stock to a consultant for advisory services to the Board of Directors of the Company, pursuant to his consulting agreement. The shares were valued at $113,750 based on OTC’s closing trade price on the date of the agreement. · On September 21, 2020, the Company issued 125,000 shares of common stock to a consultant for advisory services to the Board of Directors of the Company, pursuant to his consulting agreement. The shares were valued at $113,750 based on OTC’s closing trade price on the date of the agreement. · On September 21, 2020, the Company issued 100,000 shares of common stock to a consultant for services, pursuant to his agreement dated February 1, 2020. The shares were valued at $187,000 based on OTC’s closing trade price on the date of the agreement. · On September 21, 2020, the Company issued 125,000 shares of common stock to a shareholder for advisory services to the Company, pursuant to his consulting agreement dated August 1, 2019. The shares were valued at $185,000 based on OTC’s closing trade price on the date of the agreement. · · On November 15, 2020, the Company issued 125,000 shares of common stock to a consultant for services to the Company, pursuant to his consulting agreement dated August 18, ~~Table~~2020. The shares were valued at $75,000 based on OTC’s closing trade price on the issuance date, pursuant to the agreement. On September 21, 2020, the Company issued 200,000 shares of ~~Contents~~common stock pursuant to a consulting agreement dated July 1, 2020. The value of the shares of $92,000 was recorded against stock payable. · On November 15, 2020, the Company issued 100,000 shares of common stock to a pursuant to a consulting agreement dated November 15, 2019, for services performed as COO of the Company. The shares were valued at $200,000 based on OTC’s closing trade price on the effective date of the agreement. · On December 1, 2020, the Company issued 50,000 shares of common stock to a consultant for services, pursuant to her agreement dated December 1, 2020. The shares were valued at $34,000 based on OTC’s closing trade price on the date of the agreement. · On January 15, 2021, the Company issued 100,000 shares of common stock to a consultant for services, pursuant to her agreement dated January 15, 2021. The shares were valued at $75,000 based on OTC’s closing trade price on the date of the agreement. On February 17, 2021, the Company issued 125,000 shares of restricted common stock to a consultant, pursuant to a consultant agreement dated February 1, 2021, for services performed. The shares were valued at $113,750 based on OTC’s closing trade price on the effective date of the agreement. On February 17, 2021, the Company issued 200,000 shares of restricted common stock to a consultant, pursuant to a consultant agreement dated August 1, 2019, for services performed. The shares were valued at $296,000 based on OTC’s closing trade price on the effective date of the agreement

~~Related~~19 ~~Party~~Table ~~Transactions~~of Contents

On March 10, 2021, the Company recorded the issuance in the aggregate of 200,000 shares of restricted common stock to two consultants, pursuant to a consultant agreement dated March 10, 2021, for services performed. The shares were valued at $206,000 based on OTC’s closing trade price on the effective date of the agreement. On March 11, 2021, the Company ~~follows~~recorded ~~ASC~~the ~~850~~issuance in the aggregate of 60,000 ~~Related~~shares ~~Party~~of ~~Disclosures~~restricted common stock pursuant to an Asset Purchase Agreement between the Company and Castillo. The shares were valued at $150,000 based on OTC’s closing trade price on the effective date of the agreement. On March 15, 2021, the Company recorded the issuance of 260,000 shares of restricted common stock pursuant to a consultant agreement dated March 15, 2021, for services performed. The shares were valued at $338,000 based on OTC’s closing trade price on the ~~identification~~effective date of the agreement. On June 8, 2021, the Company issued 75,000 shares of restricted common stock pursuant to a consulting agreement dated May 1, 2021, for services. The shares were valued at $97,500 based on OTC’s closing trade price on the date of the agreement. On June 8, 2021, the Company issued 125,000 shares of common stock to the CEO of the Company in exchange for consulting services, pursuant to his agreement dated August 1, 2019. The shares were valued at $185,000 based on OTC’s closing trade price on the date of the agreement. On June 8, 2021, the Company issued 100,000 shares of restricted common stock to a consultant, pursuant to a consulting agreement dated November 15, 2019, for services performed as COO of the Company. The shares were valued at $200,000 based on OTC’s closing trade price on the effective date of the agreement. On June 8, 2021, the Company issued 100,000 shares of common stock to the Chief Science Officer of the Company pursuant to his employment agreement dated August 1, 2020. The shares were valued at $87,250 based on OTC’s closing trade price on the date of the agreement. On June 8, 2021, the Company issued 50,000 shares of common stock to a non-related ~~parties~~party ~~and~~consultant ~~disclosure~~in exchange for consulting services pursuant to a February 1, 2021 agreement. The shares were valued at $44,500 based on OTC’s closing trade price on the date of the agreement. On June 8, 2021, the Company issued 12,500 shares of common stock to a non-related party ~~transactions~~consultant in exchange for consulting services pursuant to a March 1, 2021 agreement. InThe ~~accordance~~shares ~~with~~were ~~ASC~~valued ~~850~~at $15,125 based on OTC’s closing trade price on the date of the agreement. On June 8, 2021, the Company issued 100,000 shares of common stock to a non-related party consultant in exchange for consulting services pursuant to a March 15, 2021 agreement. The shares were valued at $130,000 based on OTC’s ~~financial~~closing ~~statements~~trade ~~include~~price ~~disclosures~~on the date of ~~material~~the agreement. On June 8, 2021, the Company issued 100,000 shares of common stock to a non-related party ~~transactions~~consultant in exchange for consulting services pursuant to a March 15, ~~other~~2021 ~~than~~agreement. ~~compensation~~The ~~arrangements~~shares were valued at $130,000 ~~expense~~based ~~allowances~~on OTC’s closing trade price on the date of the agreement. On June 8, ~~and~~2021, ~~other~~the ~~similar~~Company ~~items~~issued 100,000 shares of common stock to a non-related party consultant in exchange for consulting services pursuant to a March 15, 2021 agreement. The shares were valued at $130,000 based on OTC’s closing trade price on the ~~ordinary~~date ~~course~~of the agreement. On June 8, 2021, the Company issued 50,000 shares of ~~business~~common stock to a non-related party consultant in exchange for consulting services pursuant to a March 15, as2021 ~~well~~agreement. asThe ~~transactions~~shares ~~that~~were ~~are~~valued ~~eliminated~~at $65,000 based on OTC’s closing trade price on the date of the agreement. On June 8, 2021, the Company issued 25,000 shares of common stock to a non-related party consultant in exchange for consulting services pursuant to a March 15, 2021 agreement. The shares were valued at $32,500 based on OTC’s closing trade price on the ~~preparation~~date of ~~financial~~the ~~statements~~agreement.

~~Income~~20 ~~Taxes~~Table of Contents

~~The~~On June 8, 2021, the Company ~~accounts~~issued ~~for~~12,500 ~~income~~shares ~~taxes~~of ~~using~~common ~~the~~stock ~~asset~~to ~~and~~a ~~liability~~non-related ~~method~~party consultant in ~~accordance~~exchange ~~with~~for ~~ASC~~consulting ~~740~~services pursuant to a March 1, ~~“Income~~2021 ~~Taxes”~~agreement. The ~~asset~~shares ~~and~~were ~~liability~~valued ~~method~~at ~~provides~~$15,125 ~~that~~based ~~deferred~~on ~~tax~~OTC’s ~~assets~~closing ~~and~~trade ~~liabilities~~price ~~are~~on ~~recognized~~the ~~for~~date of the ~~expected~~agreement. ~~future~~On ~~tax~~June ~~consequences~~8, 2021, the Company issued 100,000 shares of ~~temporary~~restricted ~~differences~~common ~~between~~stock ~~the~~to ~~financial~~a ~~reporting~~consultant, ~~and~~pursuant ~~tax~~to ~~bases~~a ofconsulting ~~assets~~agreement ~~and~~dated ~~liabilities~~November 15, ~~and~~2019 for ~~operating~~services ~~loss~~performed ~~and~~as ~~tax~~COO ~~credit~~of ~~carry-forwards~~the Company. ~~Deferred~~The ~~tax~~shares ~~assets~~were ~~and~~valued ~~liabilities~~at ~~are~~$200,000 ~~measured~~based ~~using~~on ~~the~~OTC’s ~~currently~~closing ~~enacted~~trade ~~tax~~price ~~rates~~on ~~and~~the ~~laws~~effective ~~that~~date ~~will~~of bethe inagreement. ~~effect~~On ~~when~~June 8, 2021, the ~~differences~~Company ~~are~~issued ~~expected~~50,000 toshares ~~reverse.~~of ~~The~~restricted ~~Company~~common ~~records~~stock to a ~~valuation~~consultant, ~~allowance~~pursuant to ~~reduce~~a ~~deferred~~consulting ~~tax~~agreement ~~assets~~dated toDecember 1, 2020, for services performed as Corporate Communications Officer of the ~~amount~~Company. ~~that~~The isshares ~~believed~~were ~~more~~valued ~~likely~~at ~~than~~$34,000 ~~not~~based toon beOTC’s ~~realized~~closing trade price on the effective date of the agreement.

~~Foreign~~For ~~Currency~~the ~~Translation~~year ended July 31, 2020, the Company issued 1,685,000 shares of common stock. The Company recorded stock-based compensation expense of $3,024,160 for the year ended July 31, 2020, for those transactions.

~~The~~Other ~~Company’s~~income functional and reporting currency is the U.S. dollar. Transactions in foreign currencies are translated into the currency of measurement at the exchange rates in effect on the transaction date. Monetary balance sheet items expressed in foreign currencies are translated into U.S. dollars at the exchange rates in effect at the balance sheet date. The resulting exchange gains and losses are recognized in the statement of operations.(expenses)

~~Financial~~We ~~Instruments~~incurred a total of $993,285 in interest expense for the year ended July 31, 2021, due to debt financing, compared to $1,204,222 during the year ended July 31, 2020. For the year ended July 31, 2021, costs included interest expense of $975,426 and ~~Fair~~$17,859 ~~Value~~in ~~Measures~~debt discount amortization. For the year ending July 31, 2020, costs included $610,523 in interest expense and $593,699 in debt discount amortization.

~~ASC~~Net 820, “Fair Value Measurements and Disclosures”, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:Loss

~~Level~~We 1incurred net losses of $8,391,343 and $7,728,245 for the years ended July 31, 2021 and 20, respectively. These losses were the result of the revenues and expenses described above.

~~Level~~Our 1auditors ~~applies~~have toissued ~~assets~~a orgoing ~~liabilities~~concern ~~for~~opinion ~~which~~as at July 31, 2021. This means that there ~~are~~is ~~quoted~~substantial ~~prices~~doubt inthat ~~active~~we ~~markets~~can continue as an on-going business for ~~identical~~the ~~assets~~next ortwelve ~~liabilities~~months unless we obtain additional capital to pay our bills. This is because we have generated minimal revenue. There is no assurance we will ever generate significant revenue.

~~Level~~Liquidity 2and Capital Resources

~~Level~~Our 2cash ~~applies~~balance toat ~~assets~~July or31, ~~liabilities~~2021 ~~for~~was ~~which~~$507,512 ~~there~~compared ~~are~~to ~~inputs~~$40,538 ~~other than quoted prices that are observable for the asset or liability such~~ as ~~quoted~~of ~~prices~~July ~~for~~31, ~~similar~~2020, ~~assets~~with orcurrent liabilities inof ~~active~~$8,322,776 ~~markets;~~and ~~quoted~~$4,582,390 ~~prices~~as ~~for~~of ~~identical~~July ~~assets~~31, or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from2021, orand ~~corroborated by~~2020, ~~observable market data~~respectively.

~~Level~~Our 3current cash balance will be unable to sustain operations for the next twelve months. We will be forced to raise additional funds by issuing new debt or equity securities or otherwise. If we fail to raise sufficient capital when needed, we will not be able to complete our business plan.

~~Level~~As 3of ~~applies~~July to31, ~~assets~~2021, orour ~~liabilities~~current ~~for~~assets ~~which~~were ~~there~~$507,512, ~~are~~comprised ~~unobservable~~of ~~inputs~~cash. toOur ~~the~~working ~~valuation~~capital ~~methodology~~deficit ~~that~~as ~~are~~of ~~significant~~July to31, ~~the~~2021 ~~measurement~~was of$7,815,264 ~~the~~compared ~~fair~~to ~~value~~$4,541,852 as of ~~the~~July ~~assets~~31, ~~or liabilities~~2020.

~~The~~Working Company’s financial instruments consist principally of cash, accounts payable and accrued liabilities, loans payable, and amounts due to related parties. Pursuant to ASC 820, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.Capital

19 Table of Contents

	July 31, 2021 $			July 31, 2020 $

Current Assets		507,512			40,538
Current Liabilities		8,322,776			4,582,390
Working Capital (Deficit)		(7,815,264	)		(4,541,852	)

~~Stock-based~~21 ~~Compensation~~Table of Contents

~~The~~During ~~Company~~the ~~records~~year ~~stock-based~~ended ~~compensation~~July ~~in accordance with ASC 718~~31, ~~“Compensation – Stock Compensation” and ASC 505~~2021, ~~“Equity~~we ~~Based~~used ~~Payments to Non-Employees”~~$2,976,006 ~~using~~of ~~the~~cash ~~fair value method. All transactions in which goods or services are the consideration received~~ for ~~the~~operating ~~issuance~~activities ofcompared ~~equity~~to ~~instruments~~$2,381,837 ~~are accounted~~ for ~~based on~~ the ~~fair~~year ~~value~~ended ofJuly ~~the consideration received or the fair value of the equity instrument issued~~31, ~~whichever is more reliably measurable~~2020.

~~Loss~~During ~~Per~~the ~~Share~~year ended July 31, 2021, we used $376,729 of cash for investing activities compared to $218,586 for the year ended July 31, 2020.

~~The~~During ~~Company~~the ~~computes~~year ~~earnings~~ended ~~(loss)~~July ~~per~~31, ~~share~~2021, inwe ~~accordance~~generated ~~with ASC 260~~$3,818,709 ~~“Earnings per Share”. ASC 260 requires presentation~~ of ~~both~~cash ~~basic~~from ~~and~~financing ~~diluted~~activities ~~earnings~~compared ~~per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing earnings (loss) available~~ to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS$2,637,708 ~~the average stock price~~ for the ~~period~~year isended used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As of July 31, 2020~~, and 2019, the Company does not have any potentially dilutive shares~~.

~~Comprehensive~~Cash ~~Loss~~Flows

ASC 220, “Comprehensive Income”, establishes standards for the reporting and display of comprehensive loss and its components in the financial statements.

	Year Ended July 31, 2021 $			Year Ended July 31, 2020 $

Net cash used in operating activities		(2,976,006	)		(2,381,837	)
Net cash used in investing activities		(376,729	)		(218,586	)
Net cash provided by financing activities		3,818,709			2,637,708
Net increase in cash		466,974			37,285

~~Recent~~Our ~~Accounting~~current ~~Pronouncements~~cash balance will be unable to sustain operations for the next twelve months. We will be forced to raise additional funds by issuing new debt or equity securities or otherwise. If we fail to raise sufficient capital when needed, we will not be able to complete our business plan.

The ~~Company~~future ~~has~~of ~~implemented~~our ~~all~~Company ~~new~~is ~~accounting~~dependent ~~pronouncements~~upon ~~that~~its ~~are~~ability into ~~effect.~~obtain ~~These~~financing ~~pronouncements~~and ~~did~~upon ~~not~~future ~~have~~profitable ~~any~~operations ~~material~~from ~~impact on~~ the ~~financial~~development statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of ~~operations~~acquisitions.

~~Off-Balance~~We ~~Sheet~~estimate ~~Arrangements~~that our expenses over the next 12 months will be approximately $2,600,000, comprised of $2,400,000 in operating expenses and $200,000 in investing activities. These estimates may change significantly depending on the performance of our products in the marketplace and our ability to raise capital from shareholders or other sources.

We intend to meet our cash requirements for the next 12 months through a combination of debt financing and equity financing by way of private placements. We currently do not have any ~~off-balance sheet~~ arrangements ~~that~~in ~~have~~place orto ~~are~~complete ~~reasonably~~any ~~likely~~private toplacement ~~have~~financings aand ~~current~~there oris ~~future~~no ~~effect~~assurance onthat ~~our~~we ~~financial~~will ~~condition,~~be ~~changes~~successful in ~~financial~~completing ~~condition,~~any ~~revenues~~private orplacement ~~expenses,~~financings ~~results~~on ofterms ~~operations,~~that ~~liquidity,~~will ~~capital~~be ~~expenditures~~acceptable orto ~~capital~~us. ~~resources~~We ~~that~~may isnot ~~material~~raise sufficient funds to ~~investors~~fully carry out our business plan.

20Effective ~~Table~~December 19, 2019, we entered into a securities purchase agreement dated as of ~~Contents~~December 19, 2019 (the “SPA”) with Triton Funds, LP, an accredited investor (the “Buyer”), pursuant to which the Company issued and sold to the Buyer (i) a convertible promissory note (the “Note”) in the aggregate principal amount of up to $750,000, due June 30, 2020, bearing interest at a rate of ten percent (10%) per annum and convertible into shares of the Company’s common stock at a conversion price of $2.50 per share and (ii) a common stock purchase warrant (the “Warrant”), exercisable for two (2) years, to purchase up to 250,000 shares of the Company’s common stock at an exercise price of $3.00 per share, for an aggregate purchase price of $600,000. The Note can be prepaid at any time by paying 110% of the then outstanding principal, interest, default interest (if any), and any other amounts then due under the Note. The Note is initially convertible at a price per share equal to $2.50 (the “Fixed Conversion Price”); provided, however, that during the continuance of an event of default under the Note, the conversion price shall be equal to 75% of the lowest trading price of the Company’s common stock during the 30 trading days prior to conversion.

~~Item~~22 8.Table ~~Financial~~of ~~Statements and Supplementary Data~~Contents

~~GREEN~~On ~~HYGIENICS~~December ~~HOLDINGS~~31, ~~INC~~2019, Triton paid an initial purchase price of $100,000 at the initial closing. The Company received net proceeds of $85,000 after paying fees of $15,000. On February 20, 2020, Triton paid the purchase price balance of $500,000. During the year ended July 31, 2020, the Company made a cash payment of $250,000 on the debt and Triton converted $328,786 of the debt into 1,234,946 shares of common stock pursuant to the terms of the agreement.

~~Financial~~Concurrently ~~Statements~~therewith, we entered into a registration rights agreement with the Buyer, pursuant to which we agreed to file a registration statement with the SEC for the registration of the secondary offering and resale of the shares issuable upon conversion of the Note and exercise of the Warrant and to have the registration statement declared effective by the SEC at the earliest possible date. The registration was declared effective by the SEC on February 11, 2020. The Buyer paid the purchase balance, and the Note and Warrant fully vested, on February 20, 2020.

~~July~~On March 31, 2020, we and Triton entered into a Modification Agreement, pursuant to which (i) we paid $250,000 of the principal amount of the Note, bringing the principal balance of the Note to $500,000, (ii) the maturity date of the Note was extended to August 20, 2020, (iii) the conversion price of the Note was established as 75% of the lowest trading price of our common stock during the 30 trading days prior to conversion, and (iv) the minimum volume weighted price requirement of the Note was deleted. On August 19, 2020, the Company paid the remaining principal and accrued and unpaid interest in the aggregate of $200,000 and as of that date the note balance is $-0-.

~~(Expressed~~On April 30, 2020, we received loan proceeds in Uthe amount of $444,850 under the Paycheck Protection Program (“PPP”).S. ~~dollars~~The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable after eight weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the eight-week period. The unforgiven portion of the PPP loan is payable over two years at an interest rate of 1%, with a deferral of payments for the first six months. We intend to use the proceeds for purposes consistent with the PPP. While we currently believe that our use of the loan proceeds will meet the conditions for forgiveness of the loan, we cannot assure you that we will not take actions that could cause us to be ineligible for forgiveness of the loan, in whole or in part.

	Index
Report of Independent Registered Public Accounting Firm	F-2
Consolidated Balance Sheets	F-3
Consolidated Statements of Operations	F-4
Consolidated Statements of Stockholders’ Deficit	F-6
Consolidated Statements of Cash Flows	F-5
Notes to the Consolidated Financial Statements	F-7

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

~~F-1~~The ~~Table~~Company entered into an Equity Financing Agreement (the “Financing Agreement”) dated as of ~~Contents~~September 13, 2020 with GHS Investments, LLC (“GHS”) for an equity line. Although we are not required to sell shares under the Financing Agreement, the Financing Agreement gives us the option to sell to GHS up to $25,000,000 worth of our common stock, in increments, over the period ending on the earlier of (i) the date GHS has purchased an aggregate of $25,000,000 of our common stock pursuant to the Financing Agreement, or (ii) the date that the registration statement for the registration of the secondary offering and resale of the shares to be acquired by GHS pursuant to the Financing Agreement is no longer in effect (the “Open Period”). Concurrently with the execution of the Financing Agreement, the Company issued to GHS 150,857 restricted shares of its Common stock (“Commitment Shares”) to offset transaction costs. The Commitment Shares are deemed earned upon the execution of the Financing Agreement.

~~REPORT~~We OFwill ~~INDEPENDENT~~sell ~~REGISTERED~~shares ~~PUBLIC~~of ~~ACCOUNTING~~our ~~FIRM~~common stock to GHS at a price equal to 100% of the lowest closing price of our common stock during the ten (10) consecutive trading day period ending on the date on which we deliver a put notice to GHS (the “Market Price”), and we will be obligated to simultaneously deliver the number of shares equal to120% of the put notice amount based on the Market Price. In addition, the Financing Agreement (i) imposes an ownership limitation on GHS of 4.99% (i.e., GHS has no obligation to purchase shares if it beneficially owns more than 4.99% of our common stock), (ii) requires a minimum of ten (10) trading days between put notices, and (iii) prohibits any single Put Amount from exceeding $500,000.

ToConcurrently therewith, we entered into a registration rights agreement with GHS, pursuant to which we agreed to file a registration statement with the ~~Board~~SEC for the registration of ~~Directors~~the secondary offering and resale of the shares to be acquired by GHS pursuant to the Financing Agreement and the 150,857 Commitment Shares and to have the registration statement declared effective by the SEC at the earliest possible date. The registration statement was declared effective by the SEC on September 21, 2020. We have not sold any shares of common stock to GHS.

~~Stockholders~~23 Table of ~~Green Hygienics Holdings Inc.~~Contents

~~Opinion~~On onSeptember 18, 2020 (the ~~Financial~~“Effective ~~Statements~~Date”), the Company entered into a Placement Agent and Advisory Services Agreement (the “Placement Agreement”) with Boustead Securities, LLC (“BSL”), an investment banking firm that advises clients on mergers and acquisitions, capital raises, and restructuring assignments in a wide array of industries and circumstances.

WeThe ~~have~~initial ~~audited~~term ~~the~~of ~~accompanying~~this ~~consolidated~~Agreement ~~balance~~shall ~~sheet~~be ofexclusive ~~Green~~for ~~Hygienics~~six ~~Holdings~~(6) ~~Inc.~~months (from the Company)’s asdelivery of ~~July~~an ~~31,~~offering ~~2020~~memorandum ~~and~~to ~~2019~~BSL ~~and~~ (the ~~related~~“Initial ~~consolidated~~Term”). ~~statements~~After ofthe ~~operations~~Initial Term, ~~stockholders’~~the ~~deficit,~~term ~~and~~of ~~cash~~the ~~flows~~Placement ~~each~~Agreement ~~year~~will automatically be extended for ~~the~~additional ~~two-~~successive one (1) year ~~period~~periods ~~ending~~unless ~~July~~either ~~31,~~party ~~2020,~~provides ~~and~~written notice to the ~~related~~other ~~notes~~party ~~(collectively~~of ~~referred~~its intent not to asso extend the ~~financial~~term ~~statements).~~at Inleast ~~our~~thirty ~~opinion,~~(30) ~~the~~days ~~financial~~before ~~statements~~the ~~present~~expiration ~~fairly,~~of inthe ~~all~~then ~~material~~current ~~respects,~~term. Under the ~~financial~~terms ~~position~~ of the ~~Company~~Placement asAgreement, ofthe ~~July~~Company ~~31,~~has ~~2020~~agreed ~~and~~to ~~2019,~~issue ~~and~~to ~~the~~BSL ~~results~~an ofadvisory ~~its~~fee ~~operations~~of ~~and~~two ~~its~~hundred ~~cash~~fifty ~~flows~~thousand (250,000) incommon ~~conformity~~stock shares with ~~accounting~~an ~~principles~~issuance ~~generally~~date ~~accepted~~of in the ~~United~~Effective ~~States of America~~Date.

~~Basis~~Critical ~~for~~Accounting ~~Opinion~~Policies

~~These~~Use ~~financial statements are the responsibility~~ of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.Estimates

WeThe ~~conducted~~preparation ~~our~~of ~~audits~~the financial statements in ~~accordance~~conformity with ~~the~~U.S. ~~standards~~generally ofaccepted ~~the~~accounting ~~PCAOB.~~principles ~~Those~~requires ~~standards~~management ~~require~~to make estimates and assumptions that weaffect ~~plan~~the reported amounts of assets and ~~perform~~liabilities ~~the~~and ~~audits~~disclosure toof ~~obtain~~contingent ~~reasonable~~assets ~~assurance~~and ~~about~~liabilities ~~whether~~at the date of the financial statements ~~are~~and ~~free~~the ofreported ~~material~~amounts ~~misstatement,~~of ~~whether~~revenues ~~due~~and toexpenses ~~error~~during orthe ~~fraud~~reporting period. ~~The~~Our Company isregularly ~~not~~evaluates ~~required~~estimates toand ~~have,~~assumptions ~~nor~~related ~~were~~to wedeferred ~~engaged~~income totax ~~perform,~~asset anvaluation ~~audit~~allowances. ofOur Company bases its ~~internal~~estimates ~~control~~and ~~over~~assumptions ~~financial~~on ~~reporting.~~current Asfacts, ~~part~~historical ofexperience ~~our~~and ~~audits,~~various weother ~~are~~factors ~~required~~that it believes to ~~obtain~~be anreasonable ~~understanding~~under ofthe ~~internal~~circumstances, ~~control~~the ~~over~~results ~~financial~~of ~~reporting,~~which ~~but~~form ~~not~~the basis for making judgments about the ~~purpose~~carrying values of ~~expressing~~assets anand ~~opinion~~liabilities onand the ~~effectiveness~~accrual of ~~the~~costs and expenses that are not readily apparent from other sources. The actual results experienced by our Company may differ materially and adversely from our Company’s ~~internal~~estimates. ~~control~~To ~~over~~the ~~financial~~extent ~~reporting.~~there ~~Accordingly~~are material differences between the estimates and the actual results, wefuture ~~express~~results noof ~~such~~operations ~~opinion~~will be affected.

~~Our~~Cash ~~audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud,~~ and ~~performing~~Cash procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.Equivalents

~~Going~~The ~~Concern~~Company considers all highly liquid instruments with maturity of three months or less at the time of issuance and trust funds to be cash equivalents.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company suffered a net loss from operations and has a net capital deficiency, which raises substantial doubt about its ability to continue as a going concern. Management’s plans regarding those matters are also described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.Inventory

Inventory is carried at the lower of cost or net realizable value, with the cost being determined on a first-in, first-out (FIFO) basis. The Company periodically reviews physical inventory and will record a reserve for excess and/s/or ~~M&K~~obsolete ~~CPAS~~inventory if necessary. During the years ended July 31, ~~PLLC~~2021, and 2020, inventory of $953,402 and $306,450, respectively, was fully impaired due to the research and development nature of the current inventory for the year ended July 31, 2021, and unfavorable weather conditions for the year ended July 31, 2020. In the early growing stages, the plants were severely damaged by a sand storm and could not be salvaged.

WeImpairment ~~have~~of ~~served~~Long-Lived ~~as the Company’s auditor since 2019.~~Assets

~~Houston~~The Company evaluates the recoverability of its fixed assets and other assets in accordance with ASC 360-10- 15, TXImpairment or Disposal of Long-Lived Assets. Impairment of long-lived assets is recognized when the net book value of such assets exceeds their expected cash flows, in which case the assets are written down to fair value, which is determined based on discounted future cash flows or appraised values.

~~October~~Related ~~29,~~Party ~~2020~~Transactions

~~F-2~~The ~~Table~~Company follows ASC 850, Related Party Disclosures, for the identification of ~~Contents~~related parties and disclosure of related party transactions. In accordance with ASC 850, the Company’s financial statements include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business, as well as transactions that are eliminated in the preparation of financial statements.

~~GREEN~~24 ~~HYGIENICS~~Table ~~HOLDINGS~~of ~~INC.~~Contents

~~Consolidated~~Income ~~Balance Sheets~~Taxes

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

	July 31, 2020			July 31, 2019
	$			$
ASSETS
Current Assets
Cash		40,538			767
Trust funds		-			2,486
Inventory		-			306,450
Total Current Assets		40,538			309,703
Deposits		-			100,000
Fixed Assets (Note 3), net		4,727,464			145,138
Total Assets		4,768,002			554,841
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities
Accounts payable and accrued liabilities		1,019,027			201,178
Accounts payable – related parties		302,144			57,500
Accrued interest payable		158,416			-
Deferred revenue		15,973			-
Defaulted loan payable (Note 4(a))		24,989			155,250
SBA loan payable (Note 4(b))		444,850			-
Discounted convertible note payable (Note 4(c))		171,213			-
Current portion of long-term debt		40,472			-
Due to related parties (Note 8)		2,405,306			780,398
Total Current Liabilities		4,582,390			1,194,836
Long Term Liabilities
Agreement payable (less current portion) (Note 5)		108,132			-
Mortgage payable (Note 6)		2,750,000			-
Second mortgage payable (Note 7)		1,760,000			-
Total Long-Term Liabilities		4,618,132			-
Total Current and Long-Term Liabilities		9,200,522			1,194,836
Nature of operations and continuance of business (Notes 1 and 2)
Commitments (Note 10) Income taxes (Note 12)
Subsequent events (Note 13)
Stockholder’s Deficit
Common stock, 375,000,000 shares authorized, $0.001 par value
39,577,781 and 36,657,835 shares issued and outstanding respectively		39,578			36,658
Stock payable		192,000			-
Additional paid-in capital		45,830,289			42,089,489
Deficit		(50,494,387	)		(42,766,142	)
Total Stockholder’s Deficit		(4,432,520	)		(639,995	)
Total Liabilities and Stockholder’s Deficit		4,768,002			554,841

Foreign Currency Translation

(The ~~accompanying~~Company’s ~~notes~~functional and reporting currency is the U.S. dollar. Transactions in foreign currencies are antranslated ~~integral~~into ~~part~~the currency of ~~these~~measurement ~~consolidated~~at ~~financial~~the ~~statements)~~exchange rates in effect on the transaction date. Monetary balance sheet items expressed in foreign currencies are translated into U.S. dollars at the exchange rates in effect at the balance sheet date. The resulting exchange gains and losses are recognized in the statement of operations.

~~F-3~~Financial ~~Table~~Instruments ofand ~~Contents~~Fair Value Measures

~~GREEN~~ASC ~~HYGIENICS~~820, ~~HOLDINGS~~“Fair ~~INC~~Value Measurements and Disclosures”, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:

~~Consolidated~~Level ~~Statements of Operations~~1

~~(Expressed~~Level 1 applies to assets or liabilities for which there are quoted prices in ~~U.S.~~active ~~dollars)~~markets for identical assets or liabilities.

	Year Ended July 31, 2020			Year Ended July 31, 2019
Rental Revenue		161,374			-
Expenses
Consulting and business development		3,558,640			1,747,208
Supplies		1,150,674			-
Payroll and subcontractor expenses		970,809			-
General and administrative		1,005,274			71,303
Total Expenses		6,685,397			1,818,511
Loss Before Other Expenses		(6,524,023	)		(1,818,511	)
Other Expenses
Interest expense		(1,204,222	)		(25,383	)
Net Loss		(7,728,245	)		(1,843,894	)
Net Loss Per Share, Basic and Diluted		(0.20	)		(0.05	)
Weighted Average Shares Outstanding		37,773,491			35,203,862

Level 2

~~(The~~Level ~~accompanying~~2 ~~notes~~applies to assets or liabilities for which there are aninputs ~~integral~~other ~~part~~than ofquoted ~~these~~prices ~~consolidated~~that ~~financial~~are ~~statements~~observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

~~F-4~~Level ~~Table of Contents~~3

~~GREEN~~Level ~~HYGIENICS~~3 ~~HOLDINGS~~applies ~~INC~~to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

~~Consolidated~~The ~~Statements~~Company’s financial instruments consist principally of ~~Cash~~cash, ~~Flows~~accounts payable and accrued liabilities, loans payable, and amounts due to related parties. Pursuant to ASC 820, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.

~~(Expressed~~Stock-based ~~in U.S. dollars)~~Compensation

	Year Ended July 31, 2020			Year Ended July 31, 2019
	$			$
Operating Activities
Net loss		(7,728,245	)		(1,843,894	)
Imputed interest		154,074			22,009
Inventory impairment		306,450			-
Depreciation expense		78,076			-
Amortization of discounts		593,699			-
Share based compensation		3,024,160			1,522,500
Changes in operating assets and liabilities:
Prepaid expenses		-			460
Accrued interest payable		157,906			510
Accounts payable and accrued liabilities		771,426			306,450
Accounts payable – related parties		244,644			51,687
Deferred revenue		15,973			-
Net Cash Used In Operating Activities		(2,381,837	)		(556,178	)
Investing Activities
Deposit on acquisition of property		-			(100,000	)
Cash paid for purchase of fixed assets		(218,586	)		(145,138	)
Net Cash Provided by (Used in) Investing Activities		(218,586	)		(245,138	)
Financing Activities
Proceeds from Defaulted Note Payable		-			155,250
Principle payments on Defaulted Loan Payable		(130,261	)		-
Proceeds from Discounted Note Payable		585,000
Payments on Discounted Note Payable		(250,000	)		-
Proceeds from Note Payable		397,638
Proceeds from SBA Loan Payable		444,850			-
Principle payments on Agreement Payable		(34,427	)		-
Advances from related parties		1,624,908			646,187
Net Cash Provided by Financing Activities		2,637,708			801,437
Increase in Cash		37,285			3,121
Cash and trust funds, Beginning of Year		3,253			132
Cash and trust funds, End of Year		40,538			3,253
Supplemental Disclosures:
Interest paid		341,845			–
Non-Cash Transactions
Equipment financed through debt		183,031			-
Land acquired through debt		4,112,362			-
Deposit on acquisition of property		100,000			-
Shares issued for stock payable		1,100,000
Shares issued for conversion of debt		328,786			-
Equipment purchased on accounts payable		46,423			-
Discount on warrants		428,700			-

The Company records stock-based compensation in accordance with ASC 718, “Compensation – Stock Compensation” and ASC 505, “Equity Based Payments to Non-Employees”, using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.

~~(The~~25 ~~accompanying~~Table ~~notes are an integral part~~ of ~~these consolidated financial statements)~~Contents

~~F-5~~Loss ~~Table~~Per ~~of Contents~~Share

~~GREEN~~The ~~HYGIENICS~~Company ~~HOLDINGS~~computes ~~INC~~earnings (loss) per share in accordance with ASC 260, “Earnings per Share”. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As of July 31, 2021, and 2020, the Company does not have any potentially dilutive shares.

~~Consolidated~~Comprehensive ~~Statements of Stockholders’ Deficit~~Loss

~~(Expressed~~ASC 220, “Comprehensive Income”, establishes standards for the reporting and display of comprehensive loss and its components in ~~U.S.~~the ~~dollars)~~ financial statements.

	Common Stock				Additional Paid-In		Stock		Accumulated			Total Stockholders’
	Shares		Amount		Capital		Payable		Deficit			Equity
			$		$				$			$
Balance, July 31, 2018		34,707,835		34,708		40,544,980		-		(40,922,248	)		(342,560	)
Imputed interest						22,009							22,009
Shares issued for services		1,950,000		1,950		1,522,500							1,522,500
Net loss										(1,843,894	)		(1,843,894	)
Balance, July 31, 2019		36,657,835		36,658		42,089,489		-		(42,766,142	)		(639,995	)
Imputed interest						154,074							154,074
Discount on warrants						428,700							428,700
Shares issued and to be issued for services		1,685,000		1,685		2,830,475		192,000					3,024,160
Shares issued for debt conversion		1,234,946		1,235		327,551							328,786
Net loss										(7,728,245	)		(7,728,245	)
Balance, July 31, 2020		39,577,781		39,578		45,830,289		192,000		(50,494,387	)		(4,432,520	)

Recent Accounting Pronouncements

(The ~~accompanying~~Company ~~notes~~has implemented all new accounting pronouncements that are anin ~~integral~~effect. ~~part~~These ofpronouncements ~~these~~did ~~consolidated~~not have any material impact on the financial statements) unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

FOff-6Balance ~~Table~~Sheet ~~of Contents~~Arrangements

~~GREEN~~We ~~HYGIENICS~~do ~~HOLDINGS~~not ~~INC~~have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

~~Notes~~26 toTable ~~the~~of ~~Consolidated Financial Statements~~Contents

~~Years~~Item ~~Ended~~8. ~~July~~Financial ~~31,~~Statements ~~2020~~ and ~~2019~~Supplementary Data

~~(Expressed~~GREEN inHYGIENICS ~~U.S.~~HOLDINGS ~~dollars)~~INC.

1.Financial ~~Nature of Operations and Continuance of Business~~Statements

Green Hygienics Holdings Inc. (the “Company”) was incorporated in the State of Nevada on June 12, 2008 as Silver Bay Resources, Inc. On June 30, 2010, the name was changed to Takedown Entertainment Inc. On July 2431, ~~2012, the Company changed its name to Green Hygienics Holdings Inc.~~2021

~~The Company is an innovative, full-scope, science-driven, premium hemp cultivation and branding enterprise focused on the cultivation and processing of industrial hemp for cannabidiol~~ (~~“CBD”).~~Expressed ~~The~~in ~~Hemp Farming Act of 2018 removed hemp from Schedule I controlled substances (defined as cannabis with less than 0~~U.3%S. ~~THC~~dollars) ~~making it an ordinary agricultural commodity.~~

The Company’s business model includes generating revenues from the sale of hemp and premium-grade CBD products; creating trusted global consumer brands; developing valuable IP; and growing the Company rapidly through strategic acquisitions. With direct regard to acquisitions, the Company acts as a business accelerator and a vertical integrator focusing to support rapid growth and development of companies with extraordinary potential.

	Index

Report of Independent Registered Public Accounting Firm	F-2
Consolidated Balance Sheets	F-3
Consolidated Statements of Operations	F-4
Consolidated Statements of Stockholders’ Deficit	F-6
Consolidated Statements of Cash Flows	F-5
Notes to the Consolidated Financial Statements	F-7

~~Going~~F-1 ~~Concern~~Table of Contents

~~These~~REPORT ~~consolidated~~OF ~~financial~~INDEPENDENT ~~statements~~REGISTERED ~~have~~PUBLIC ~~been~~ACCOUNTING prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has generated revenues of $161,374 since 2013. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. As of July 31, 2020, the Company has a working capital deficiency of $4,541,852 and has an accumulated deficit of $50,494,387 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.FIRM

~~F-7~~To ~~Table~~the Board of ~~Contents~~Directors andStockholders of Green Hygienics Holdings, Inc.

2.Opinion ~~Significant~~on ~~Accounting~~the ~~Policies~~Financial Statements

We have audited the accompanying consolidated balance sheets of Green Hygienics Holdings, Inc. (athe Company) ~~Basis~~as of ~~Presentation~~July 31, 2021 and 2020, and the related consolidated statements of operations, stockholders’ deficit, and cash flows for each of the years in the two-year period ended July 31, 2021 and 2020, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of July 31, 2021 and 2020, and the results of its operations and its cash flows for each of the years in the two-year period ended July 31, 2021, in conformity with accounting principles generally accepted in the United States of America.

~~These~~Going ~~financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in U.S. dollars.~~Concern

~~(b)~~The ~~Principles~~accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company suffered a net loss from operations and has a net capital deficiency, which raises substantial doubt about its ability to continue as a going concern. Management's plans regarding those matters are also described in Note 2. The consolidated financial statements do not include any adjustments that might result from the outcome of ~~Consolidation~~this uncertainty.

~~These~~Basis ~~financial~~for statements include the accounts of the Company and its subsidiaries. Subsidiaries are all entities (including structured entities) which the Company controls. For accounting purposes, control is established by an investor when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. All inter-company balances and transactions are eliminated.Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (cUnited States) ~~Use~~(PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of ~~Estimates~~the Securities and Exchange Commission and the PCAOB.

~~The~~We ~~preparation~~conducted ofour ~~financial~~audits ~~statements~~ in accordance with ~~accounting~~the ~~principles~~standards ~~generally~~of ~~accepted in~~ the ~~United~~PCAOB. ~~States~~Those ~~requires~~standards ~~management~~require tothat ~~make~~we ~~estimates~~plan and ~~assumptions~~perform ~~that affect~~ the ~~reported~~audit ~~amounts~~to ofobtain ~~assets~~reasonable ~~and~~assurance ~~liabilities~~about atwhether the ~~date of the~~ financial statements ~~and~~are ~~the~~free ~~reported amounts~~ of ~~revenue~~material ~~and~~misstatement, ~~expenses~~whether indue ~~the reporting period. The Company regularly evaluates estimates and assumptions related~~ to ~~deferred~~error ~~income~~or ~~tax asset valuation allowances~~fraud. The Company ~~bases~~is ~~its~~not ~~estimates~~required ~~and~~to ~~assumptions on current facts~~have, ~~historical~~nor ~~experience~~were ~~and~~we ~~various~~engaged ~~other factors that it believes~~ to ~~be reasonable under the circumstances~~perform, ~~the~~an ~~results~~audit of ~~which~~its ~~form~~internal ~~the~~control ~~basis~~over ~~for~~financial ~~making~~reporting. ~~judgments~~As ~~about~~part ~~the~~of ~~carrying~~our ~~values~~audits, ofwe ~~assets~~are ~~and~~required ~~liabilities~~to ~~and~~obtain ~~the~~an ~~accrual~~understanding of ~~costs~~internal ~~and~~control ~~expenses~~over ~~that~~financial ~~are~~reporting, but not ~~readily~~for ~~apparent~~the ~~from~~purpose ~~other~~of ~~sources.~~expressing ~~The~~an ~~actual~~opinion ~~results~~on ~~experienced by~~ the ~~Company~~effectiveness ~~may~~of ~~differ materially and adversely from~~ the Company’s ~~estimates.~~internal Tocontrol ~~the~~over ~~extent~~financial ~~there~~reporting. ~~are material differences between the estimates and the actual results~~Accordingly, ~~future~~we ~~results~~express ofno ~~operations~~such ~~will be affected~~opinion.

~~(d)~~Our ~~Cash~~audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and ~~Cash~~performing ~~Equivalents~~procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

~~The~~Critical ~~Company~~Audit ~~considers all highly liquid instruments with maturity of three months or less at the time of issuance and trust funds to be cash equivalents.~~Matters

The critical audit matters communicated below are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (e1) ~~Inventory~~relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate.

~~Inventory~~As isdiscussed ~~carried at the lower of cost or net realizable value, with the cost being determined on a first-~~in, ~~first-out~~Note ~~(FIFO)~~2 basis. The Company periodically reviews physical inventory and will record a reserve for excess and/or obsolete inventory if necessary. In July 2020, the Company planted its first large scale hemp crops for cultivation. The planting covers approximately 120 acres of land and three greenhouses. During the fourth quarter of 2020, the Company purchased additional seeds and nutrients to ~~plant in its greenhouses to be later transferred into~~ the ~~fields.~~financial ~~The company determined to recognize these costs as expenses and not record as inventory as of the year ended July 31~~statements, ~~2020 due to our unfavorable outcome from our initial planting. These costs included approximately $105,000 for seeds and nutrients and $195,000 on labor to prepare~~ the ~~field and plant seeds. The~~ Company ~~anticipates harvesting and selling these crops by the end of 2020. The Company~~ had ~~previously planted~~ a ~~smaller~~going ~~crop~~concern ~~during the year ended July 31, 2019, During the year ended July 31, 2020, the 2019 crop with an inventory value of $306,450 was fully impaired~~ due to ~~unfavorable~~a ~~weather~~continual ~~conditions.~~net ~~In the early growing stages~~loss, ~~the~~stockholders’ ~~plants~~deficiency ~~were severely damaged by a sand storm~~ and ~~could~~cash ~~not~~used bein ~~salvaged~~operations.

~~(f)~~Auditing ~~Impairment~~management’s evaluation of ~~Long-Lived~~a ~~Assets~~going concern can be a significant judgment given the fact that the Company uses management estimates on future revenues and expenses which are not able to be substantiated.

~~The~~To ~~Company~~evaluate ~~evaluates~~ the ~~recoverability~~appropriateness of ~~its~~the ~~fixed~~going ~~assets and other assets in accordance with ASC 360-10-15~~concern, ~~Impairment~~we orexamined ~~Disposal~~and ofevaluate ~~Long-Lived~~the ~~Assets.~~financial ~~Impairment~~information ofthat ~~long-lived~~was ~~assets is recognized when~~ the ~~net~~initial ~~book~~cause ~~value~~along ofwith ~~such~~management’s ~~assets~~plans ~~exceeds~~to ~~their~~mitigate ~~expected cash flows, in which case~~ the ~~assets~~going ~~are~~concern ~~written~~and ~~down~~management’s todisclosure ~~fair value, which is determined based~~ on ~~discounted~~going ~~future cash flows or appraised values~~concern.

~~(g)~~/s/ ~~Related~~M&K ~~Party~~CPAS, ~~Transactions~~PLLC We have served as the Company’s auditor since 2012. Houston, TX November 18, 2021

~~The~~F-2 ~~Company~~Table ~~follows ASC 850, Related Party Disclosures, for the identification~~ of related parties and disclosure of related party transactions. In accordance with ASC 850, the Company’s financial statements include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business, as well as transactions that are eliminated in the preparation of financial statements.Contents

GREEN HYGIENICS HOLDINGS INC. Consolidated Balance Sheets (h)Expressed ~~Income~~in ~~Taxes~~U.S. dollars)

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

	Year ended July 31,
	2021			2020
ASSETS
Current Assets
Cash	$	507,512		$	40,538
Total Current Assets		507,512			40,538

Fixed Assets, net (Note 4)		5,522,326			4,727,464
Intangible assets		25,000			-
Total Assets	$	6,054,838		$	4,768,002

LIABILITIES AND STOCKHOLDERS’ DEFICIT

Current Liabilities
Accounts payable and accrued liabilities	$	1,053,975		$	1,019,027
Accounts payable related parties (Note 7)		523,791			302,144
Accrued interest payable		58,953			158,416
Deferred revenue		-			15,973
Current portion of long-term debt (Note 5)		3,557,594			510,311
Convertible note payable (Note 6)		-			171,213
Due to related parties (Note 7)		3,128,463			2,405,306
Total Current Liabilities		8,322,776			4,582,390

Long Term Liabilities
Notes payable (less current portion) (Note 5)		65,591			108,132
Mortgage payable (Note 5)		2,750,000			2,750,000
Second mortgage payable (Note 5)		1,760,000			1,760,000
Total Long-Term Liabilities		4,575,591			4,618,132

Total Current and Long-Term Liabilities		12,898,367			9,200,522

Nature of operations and continuance of business (Notes 1 and 2)
Commitments (Note 9)
Subsequent events (Note 13)

Stockholders’ Deficit
Common stock, 375,000,000 shares authorized, $0.001 par value
44,126,138 and 39,577,781 shares issued and outstanding respectively		44,126			39,578
Stock payable		812,000			192,000
Additional paid-in capital		51,186,075			45,830,289
Deficit		(58,885,730	)		(50,494,387	)
Total Stockholders’ Deficit		(6,843,529	)		(4,432,520	)

Total Liabilities and Stockholders’ Deficit	$	6,054,838		$	4,768,002

~~F-8~~(The ~~Table~~accompanying notes are an integral part of ~~Contents~~these consolidated financial statements)

2.F-3 ~~Significant~~Table ~~Accounting~~of ~~Policies (continued)~~Contents

GREEN HYGIENICS HOLDINGS INC. Consolidated Statements of Operations (i)Expressed ~~Foreign~~in ~~Currency~~U.S. ~~Translation~~dollars)

The Company’s functional and reporting currency is the U.S. dollar. Transactions in foreign currencies are translated into the currency of measurement at the exchange rates in effect on the transaction date. Monetary balance sheet items expressed in foreign currencies are translated into U.S. dollars at the exchange rates in effect at the balance sheet date. The resulting exchange gains and losses are recognized in the statement of operations.

	Year Ended July 31,
	2021			2020

Rental Revenue	$	40,954		$	161,374

Operating Expenses
Consulting and business development		519,804			534,480
Supplies		281,910			1,150,674
Payroll and subcontractor expenses		113,493			970,809
Stock-based compensation		4,748,058			3,024,160
General and administrative		1,775,747			1,005,274
Total Operating Expenses		7,439,012			6,685,397

Loss Before Other Expenses		(7,398,058	)		(6,524,023	)

Other Expenses
Interest expense		(993,285	)		(1,204,222	)

Net Loss	$	(8,391,343	)	$	(7,728,245	)

Net Loss Per Share, Basic and Diluted	$	(0.20	)	$	(0.20	)

Weighted Average Shares Outstanding		42,416,542			37,773,491

(j)The ~~Financial~~accompanying ~~Instruments~~notes ~~and~~are ~~Fair~~an ~~Value~~integral ~~Measures~~part of these consolidated financial statements)

~~ASC~~F-4 ~~820,~~Table ~~“Fair Value Measurements and Disclosures”, requires an entity to maximize the use~~ of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:Contents

~~Level~~GREEN 1HYGIENICS HOLDINGS, INC. Consolidated Statements of Stockholders' Deficit For the Years Ended July 31, 2021 and 2020

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

	Common Stock							Additional Paid-in		Accumulated			Total Stockholders'
	Shares		Amount		Stock Payable			Capital		Deficit			Deficit

Balance at July 31, 2019		36,657,835	$	36,658	$	-		$	42,089,489	$	(42,766,142	)	$	(639,995	)

Common stock issued and to be issued for services		1,685,000		1,685		192,000			2,830,475		-			3,024,160

Common stock issued for debt conversion		1,234,946		1,235		-			327,551		-			328,786

Imputed interest		-		-		-			154,074		-			154,074

Discount on warrants		-		-		-			428,700		-			428,700

Net loss		-		-		-			-		(7,728,245	)		(7,728,245	)
Balance July 31, 2020		39,577,781		39,578		192,000			45,830,289		(50,494,387	)		(4,432,520	)

Common stock issued for services		4,298,357		4,298		(92,000	)		4,835,760		-			4,748,058

Imputed interest		-		-		-			261,976		-			261,976

Common stock issued for acquisition of
fixed assets		190,000		190		-			188,510		-			188,700

Common stock issued for Asset Purchase Agreement		60,000		60		-			69,540		-			69,600

Common stock payable to be issued		-		-		712,000			-		-			712,000

Net loss		-		-		-			-		(8,391,343	)		(8,391,343	)
Balance at July 31, 2021		44,126,138	$	44,126	$	812,000		$	51,186,075	$	(58,885,730	)	$	(6,843,529	)

~~Level~~(The 2accompanying notes are an integral part of these consolidated financial statements)

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or modelF-~~derived~~5 ~~valuations~~Table inof ~~which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.~~Contents

~~Level~~GREEN 3HYGIENICS HOLDINGS INC. Consolidated Statements of Cash Flows (Expressed in U.S. dollars)

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

	Year Ended July 31,
	2021			2020
Operating Activities
Net loss	$	(8,391,343	)	$	(7,728,245	)
Imputed interest		261,976			154,074
Inventory impairment		172,400			306,450
Research and development costs		803,002			-
Depreciation expense		175,204			78,076
Share based compensation		4,748,058			3,024,160
Amortization of discount on note payable		17,125			593,699
Non-cash interest		715			-
Loss on acquisition of fixed assets		1,500			-
Changes in operating assets and liabilities:
Inventory		(743,402	)		-
Accrued interest payable		(99,463	)		157,906
Accounts payable and accrued liabilities		(127,452	)		771,426
Accounts payable - related party		221,647			244,644
Deferred revenue		(15,973	)		15,973
Net Cash Used In Operating Activities		(2,976,006	)		(2,381,837	)

Investing Activities
Cash paid for purchase of fixed assets		(376,729	)		(218,586	)
Net Cash Used In Investing Activities		(376,729	)		(218,586	)

Financing Activities
Payments on Convertible Note Payable		(171,213	)		-
Proceeds from notes payable		1,503,060			397,638
Proceeds from stock sales		712,000			-
Proceeds from discounted notes payable		-			585,000
Proceeds from SBA Loan Payable		-			444,850
Payments to related parties		(499,204	)		-
Payments on notes payable		(24,989	)		-
Payments on discounted notes payable		-			(250,000	)
Principal Payments on Agreements payable		(36,591	)		(34,427	)
Principal Payments on Defaulted Loan Payable		-			(130,261	)
Advances from related parties		2,336,646			1,624,908
Net Cash Provided by Financing Activities		3,818,709			2,637,708

Increase in cash		466,974			37,285
Cash, Beginning of Period		40,538			3,253
Cash, End of Period	$	507,512		$	40,538

Supplemental Disclosures:
Interest paid	$	749,677		$	341,845
Income taxes paid	$	-		$	-

Non-Cash Transactions
Shares issued for stock payable		92,000			1,100,000
Shares issued for vehicles		188,700			-
Trademarks purchased on related party payable		25,000			-
Non-cash repayment of related party payable		1,140,000			-
Reclass from long term debt to short term		23,075			-
Assets financed through debt		568,537			-
Shares issued for Castillo assets		69,600			-
Equipment financed through debt		-			183,031
Land acquired through debt		-			4,112,362
Deposit on acquisition of property		-			100,000
Equipment purchased on accounts payable		-			46,423
Shares issued for conversion of debt		-			328,786
Discount on warrants		-			428,700

(The ~~Company’s~~accompanying ~~financial~~notes ~~instruments~~are ~~consist~~an ~~principally~~integral ofpart ~~cash, accounts payable and accrued liabilities, loans payable, and amounts due to related parties. Pursuant to ASC 820, the fair value~~ of ~~cash~~these isconsolidated ~~determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other~~ financial ~~instruments~~statements) ~~approximate their current fair values because of their nature and respective maturity dates or durations.~~

~~(k) Stock~~F-~~based~~6 ~~Compensation~~Table of Contents

~~The~~GREEN ~~Company~~HYGIENICS ~~records~~HOLDINGS ~~stock-based compensation in accordance with ASC 718, “Compensation – Stock Compensation” and ASC 505, “Equity Based Payments to Non-Employees”, using the fair value method~~INC. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.

~~(l)~~Notes ~~Revenue~~to ~~and~~the ~~Deferred~~Consolidated ~~Revenue~~Financial Statements

Pursuant to ASC 606, Revenue from contracts with customers. As of the date of this report, the Company has not recognized any revenue related to the hemp production business. The only revenue recognized to date is the land use rental income from San Diego Gas and Electric Company in the amount of $161,374. The term of the rental agreement is in effect until December 2020 with a monthly payment of $17,600. As of July 31, ~~2020, the Company has recorded deferred revenue of $15,973, representing a portion of the payment received in July 2020, that pertains to August 2020 rental income.~~2021

(m)Expressed ~~Leases~~in U.S. dollars)

Pursuant to ASC 842, transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing transactions. As of the date of this report, the Company has no material transactions to report.(Unaudited)

~~F-9~~1. ~~Table~~Nature of ~~Contents~~Operations and Continuance of Business

2.Green ~~Significant~~Hygienics ~~Accounting~~Holdings ~~Policies~~Inc. (~~continued~~the “Company”) was incorporated in the State of Nevada on June 12, 2008 as Silver Bay Resources, Inc. On June 30, 2010, the name was changed to Takedown Entertainment Inc. On July 24, 2012, the Company changed its name to Green Hygienics Holdings Inc.

The Company is an innovative, full-scope, science-driven, premium hemp cultivation and branding enterprise focused on the cultivation and processing of industrial hemp for cannabidiol (n“CBD”). ~~Loss~~The ~~Per~~Hemp ~~Share~~Farming Act of 2018 removed hemp from Schedule I controlled substances (defined as cannabis with less than 0.3% THC), making it an ordinary agricultural commodity.

The Company’s ~~computes~~business ~~earnings~~model ~~(loss)~~includes ~~per~~generating ~~share~~revenues infrom ~~accordance~~the ~~with~~sale ~~ASC 260, “Earnings per Share”. ASC 260 requires presentation~~ of ~~both~~hemp ~~basic~~ and ~~diluted~~premium-grade ~~earnings~~CBD ~~per~~products, ~~share~~creating ~~(“EPS”)~~trusted onglobal ~~the~~consumer ~~face~~brands, ofdeveloping ~~the~~valuable ~~income~~Intellectual ~~statement.~~Property, ~~Basic~~and ~~EPS~~growing ~~is computed by dividing earnings (loss) available to common shareholders (numerator) by~~ the ~~weighted~~Company ~~average~~rapidly ~~number~~through ofstrategic ~~shares outstanding (denominator) during the period~~acquisitions. ~~Diluted~~With ~~EPS~~direct ~~gives~~regard ~~effect~~ to ~~all~~acquisitions, ~~dilutive potential common shares outstanding during~~ the ~~period~~Company ~~using~~acts ~~the~~as ~~treasury~~a ~~stock~~business ~~method~~accelerator and ~~convertible~~a ~~preferred~~vertical ~~stock~~integrator ~~using~~focusing ~~the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed~~ to besupport ~~purchased~~rapid ~~from~~growth ~~the~~and ~~exercise~~development of ~~stock~~companies ~~options~~with orextraordinary ~~warrants. Diluted EPS excludes all dilutive~~ potential ~~shares if their effect is anti-dilutive~~. ~~As of July 31, 2020, the Company does not have any potentially dilutive shares.~~

A novel strain of coronavirus (o“COVID-19”) ~~Comprehensive~~continues ~~Loss~~to spread and severely impact the economy of the United States and other countries around the world. Federal, state, and local governmental policies and initiatives designed to reduce the transmission of COVID-19 have resulted in, among other things, matters related to our ability to increase sales to existing and new customers, continue to perform on existing contracts, develop and deploy new technologies, expand our marketing capabilities and sales organization, the adoption of work-from-home or shelter-in-place policies. and to generate sufficient cash flow to operate our business and meet our obligations. The COVID-19 impact on the Company’s operations is consistent with the overall industry and publicly issued statements from competitors, partners, and vendors.

~~ASC~~More ~~220~~generally, ~~“Comprehensive~~the ~~Income”~~COVID-19 pandemic has and is expected to continue to adversely affect economies and financial markets globally, ~~establishes~~leading ~~standards~~to a continued economic downturn, which is expected to decrease spending generally and could adversely affect demand for our products. It is not possible at this time to estimate the ~~reporting~~full ~~and~~impact ~~display~~that ofCOVID-19 ~~comprehensive~~will ~~loss~~have ~~and~~on ~~its~~our ~~components~~business, inas the ~~financial~~impact ~~statements~~will depend on future developments which are highly uncertain and cannot be predicted.

~~(p)~~The ~~Recent~~extent ~~Accounting~~to ~~Pronouncements~~which our businesses may be affected by the COVID-19 pandemic will largely depend on both current and future developments, including its duration, spread, and treatment, including vaccines in various stages of development and federal approval, and related work and travel advisories and restrictions, all of which are highly uncertain and cannot be reasonably predicted at this time.

~~In July 2018, the FASB issued ASU No~~2. ~~2018-10,~~Going ~~Codification~~Concern ~~Improvements to Topic 842, Leases. The amendments in ASU 2018-10 provide additional clarification~~ and implementation guidance on certain aspects of the previously issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”) and have the same effective and transition requirements as ASU 2016-02. Upon the effective date, ASU 2018-10 will supersede the current lease guidance in ASC Topic 840, Leases. Under the new guidance, lessees will be required to recognize for all leases, with the exception of short-term leases, a lease liability, which is a lesseeManagement’s obligation to make lease payments arising from a lease, measured on a discounted basis. Concurrently, lessees will be required to recognize a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. ASU 2018-10 is effective for private companies and emerging growth public companies for interim and annual reporting periods beginning after December 15, 2019, with early adoption permitted. The guidance is required to be applied using a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative periods presented in the financial statements. During the year ended July 31, 2020 the Company assessed the impact this guidance had on its financial statements and concluded that at present ASU No. 2018-10 has no impact on its financial statements.Plans

3.Going ~~Fixed Assets~~Concern

~~Fixed~~These consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets ~~are~~and ~~recorded~~discharge atits ~~cost~~liabilities ~~reduced~~in bythe ~~accumulated~~normal ~~depreciation~~course of business. ~~Depreciation~~The ~~expense~~continuation of the Company as a going concern is ~~recognized~~dependent ~~over~~upon the ~~assets’~~continued ~~estimated~~financial ~~useful~~support ~~lives~~from ~~using~~its shareholders, the ~~straight-line~~ability ~~method.~~of ~~Estimated~~the ~~useful~~Company ~~lives~~to ~~are~~obtain ~~periodically~~necessary ~~reviewed~~equity ~~and,~~financing ~~when~~to ~~appropriate~~continue operations, ~~changes~~and ~~are~~the ~~made~~attainment ~~prospectively~~of profitable operations. ~~When~~As ~~certain~~of ~~events~~July or31, ~~changes~~2021, inthe ~~operating~~Company ~~conditions~~has ~~occur~~a working capital deficiency of $7,825,264, ~~asset~~and ~~lives~~has ~~may~~incurred belosses ~~adjusted~~of $8,391,343 and $7,728,245 for the years ended July 31, 2021 and 2020, respectively, and has an ~~impairment~~accumulated ~~assessment~~deficit ~~may~~of be$58,885,730 ~~performed~~since oninception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of ~~the~~recorded ~~carrying~~asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

~~Fixed~~F-7 ~~assets~~Table ~~consist~~ of ~~the following:~~Contents

	Useful Life	Balance at July 31, 2019 $		Additions $		Accumulated Depreciation $			Balance at July 31, 2020 $
Production equipment	5 years		46,379		313,530		(63,728	)		296,181
Furniture and office equipment	5 years		8,102		-		(1,623	)		6,479
Buildings and improvements	15 years		90,657		134,510		(12,725	)		212,442
Land			-		4,212,362		-			4,212,362
			145,138		4,660,402		(78,076	)		4,727,464

Management’s Plans

~~Fixed~~As ~~asset~~discussed ~~costs~~in ~~are~~Note ~~being~~1, ~~depreciated~~the ~~using~~Company ~~the~~business ~~straight-line~~model ~~method~~includes ~~based~~generating onrevenues from the ~~useful~~sale ~~life~~ of ~~the~~hemp ~~asset.~~and ~~Depreciation~~premium-grade ~~expense~~CBD ~~for~~products, ~~the~~creating ~~year~~trusted ~~ended~~global ~~was~~consumer ~~July 31~~brands, ~~2020,~~developing ~~was~~valuable ~~$78~~Intellectual Property,~~076~~ and ~~there~~growing ~~was no depreciation expense for~~ the ~~year~~Company ~~ended~~rapidly ~~July~~through ~~31,~~strategic ~~2019,~~acquisitions. ~~due~~Recent toevents ~~the~~in ~~immateriality as~~ the ~~assets~~execution ~~were~~of ~~acquired~~this ~~near~~plan ~~year end.~~include:

· On ~~August~~February 2624, ~~2019~~2021, ~~the~~TruLife ~~Company~~Labs ~~completed~~LLC ~~the~~(“TLL”) ~~acquisition~~and ofTruLife ~~the~~Biotech ~~824-acre~~LLC ~~Potrero~~(“TLB”) ~~Ranch~~were ~~Property~~formed ~~near~~and ~~San~~Articles ~~Diego,~~of ~~California~~Organization ~~for~~with athe ~~total~~State ~~purchase~~of ~~price~~California ofwere ~~$4,510,000~~filed. The ~~property~~Company ~~includes~~is ~~over~~the ~~400,000~~sole ~~square~~member ~~feet~~ of ~~outside~~TLL ~~buildings~~and ~~which~~TLB ~~are~~and ~~currently being converted to greenhouses~~Mr. ~~The~~Loudoun ~~Company~~ is ~~utilizing~~ the ~~land~~Manager ~~and~~of ~~buildings for industrial hemp for CBD cultivation~~both. · On ~~August~~March 232, ~~2019~~2021, the Company entered into an ~~agreement~~Asset ~~payable~~Purchase ~~with~~Agreement (the ~~Vendor~~“Primordia ofAPA”) ~~the~~with ~~Property~~Primordia, ~~for~~LLC $2(“Primordia”),~~750,000~~ ~~for~~ a ~~portion~~Nevada oflimited ~~the~~liability ~~purchase~~company ~~price.~~(see ~~The~~Note ~~terms~~12). of· ~~the~~On ~~agreement~~March ~~are~~15, ~~monthly~~2021, ~~payments~~the ofCompany ~~interest~~entered ~~only~~into atan ~~the~~Asset ~~rate~~Purchase ofAgreement 6%(the ~~per~~“Castillo ~~annum.~~APA”) ~~The~~with ~~debt~~Castillo isSeed ~~secured~~L.L.C. by(“Castillo”), a ~~Promissory~~Puerto ~~Note~~Rico ~~secured~~limited byliability acompany ~~Deed~~(see ofNote ~~Trust~~12). on· ~~real~~On ~~property~~April ~~commonly~~14, ~~known~~2021, asthe ~~Round~~Company ~~Potrero~~entered ~~Road,~~into ~~Potrero,~~an ~~California.~~Asset ~~The~~Purchase ~~maturity~~Agreement ~~date~~(the of“Admay ~~the~~APA”) ~~debt~~with isAdmay, ~~August~~Inc 23(“Admay”), ~~2024.~~a Wyoming company.

~~F-10~~On ~~Table~~February 15, 2021, the Company engaged (the “Engagement Agreement”), Trimark Capital Partners (“Trimark”), a Grand Cayman company to provide agent services for the sale and issuance of ~~Contents~~up to $100 million in a series of bonds. Any proceeds will be used to acquire real estate assets and advance the company’s business development plans.

~~On August 23, 2019, the Company entered into an agreement payable for $1,760,000 with monthly payments of interest only at the rate of 15% per annum~~3. ~~The~~Significant ~~debt~~Accounting is secured by a Promissory Note secured by a second charge on the Deed of Trust on real property commonly known as Round Potrero Road, Potrero, California. The maturity date of the debt is August 15, 2024. Policies

4.(a) ~~Loans~~Basis ~~Payable~~of Presentation

~~(a)~~These Asfinancial ofstatements ~~July~~and ~~31, 2020, the Company owes $24,989 (2019 - $155,250) plus accrued interest of $931 (2019 - $510) to a non-~~related ~~party,~~notes ~~which~~are ~~bears~~presented ~~interest at the rate of 10% per annum, is unsecured and was due and payable on or before December 19, 2019. This loan payable is~~ in ~~default,~~accordance ~~and~~with ~~the~~accounting ~~Company~~principles isgenerally ~~currently~~accepted in ~~negotiations to extend~~ the ~~maturity~~United ~~date.~~States ~~(b) As of July 31, 2020, the Company owes $444,850 under the Paycheck Protection Program (“PPP”). The PPP, established as part of the Coronavirus Aid, Relief~~ and Economic Security Act (“CARES Act”), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are ~~forgivable~~expressed ~~after~~in ~~eight weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels~~U. ~~The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the eight-week period~~S. ~~The unforgiven portion of the PPP loan is payable over two years at an interest rate of 1%, with a deferral of payments for the first six months~~dollars. ~~The~~Certain ~~Company~~amounts ~~intends~~from ~~to use~~ the proceeds for purposes consistent with the PPP. While the Company currently believes that its use of the loan proceeds will meet the conditions for forgiveness of the loan, we cannot assure you that we will not take actions that could cause the Company to be ineligible for forgiveness of the loan, in whole or in part. (c) As of July 31, 2020, ~~the~~annual ~~Company~~report ~~owes~~have ~~$171,213~~been inreclassified ~~principal and $28,787 on accrued and unpaid interest (2019 - $-0-)~~ to aconform non-related party. On December 19, 2019, the Company entered into an securities purchase agreement, which was amended on January 8, 2020 (collectively, the “SPA”) with Triton Funds, LP, an accredited investor (“Triton”), pursuant to ~~which~~ the ~~Company~~presentation ~~issued~~used ~~and sold to Triton (i) a discounted convertible promissory note (the “Note”)~~ in the ~~aggregate~~current ~~principal amount of up to $750,000, due June 30, 2020, bearing interest at a rate of ten percent (10%) per annum and convertible into shares of the Company’s common stock at a conversion price of $2~~period.50 per share and (ii) a common stock purchase warrant (the “Warrant”), exercisable for two (2) years, to purchase up to 250,000 shares of the Company’s common stock at an exercise price of $3.00 per share, for an aggregate purchase price of $600,000. If not exercised, the Warrant will expire at 5:00 pm EST on December 31, 2021. The Note can be prepaid at any time by paying 110% of the then outstanding principal, interest, default interest (if any), and any other amounts then due under the Note. The Note is initially convertible at a price per share equal to $2.50 (the “Fixed Conversion Price”); provided, however, that during the continuance of an event of default under the Note, the conversion price shall be equal to 75% of the lowest trading price of the Company’s common stock during the 30 trading days prior to conversion.

On December 31, 2019, Triton paid an initial purchase price of $100,000 at the initial closing. The Company received net proceeds of $85,000 after paying fees of $15,000. On February 20, 2020, Triton paid the purchase price balance of $500,000. The original issue discount on the Note is a total of $150,000. On March 31, 2020, the Company and Triton entered into a Modification Agreement, pursuant to which (ib) ~~the~~Principles ~~Company paid $250,000~~ of the principal amount of the Note, bringing the principal balance of the Note on that date to $500,000, (ii) the maturity date of the Note was extended to August 20, 2020, (iii) the conversion price of the Note was established as 75% of the lowest trading price of our common stock during the 30 trading days prior to conversion, and (iv) the minimum volume weighted price requirement of the Note was deleted. During the year ended July 31, 2020, in addition to the $250,000 paid on March 31, 2020, Triton converted $328,786 of the debt into 1,234,946 shares of common stock pursuant to the terms of the Modification Agreement. During the year ended July 31, 2020, the Company recorded amortization expense of note discounts of $164,999. On August 19, 2020, the Company paid the remaining principal and accrued and unpaid interest in the aggregate of $200,000 and as of that date the note balance is $-0-.Consolidation

~~The~~These ~~Warrant~~financial ~~was~~statements ~~valued~~include ~~using~~the aaccounts ~~Black~~of ~~Scholes~~the ~~model~~Company ~~which~~and ~~created~~its asubsidiaries. ~~discount~~Subsidiaries ofare all entities (including structured entities) which the ~~full~~Company ~~value~~controls. ofFor ~~cash~~accounting ~~received~~purposes, ~~bringing~~control ~~the~~is ~~full~~established ~~discount~~by onan ~~the~~investor ~~note~~when toit ~~$428~~is exposed to,~~700,~~ ~~which~~or ishas rights to, bevariable ~~amortized~~returns ~~over~~from ~~the~~its ~~term~~involvement ofwith the ~~Note.~~entity ~~During~~and has the ~~year~~ability ~~ended~~to ~~July~~affect ~~31,~~those ~~2020,~~returns ~~$428,700~~through ofits power over the ~~discount~~entity. ~~was~~All ~~amortized~~inter-company balances and transactions are eliminated.

5.(c) ~~Agreement~~Use ~~Payable~~of Estimates

AsThe preparation of ~~July~~financial ~~31,~~statements ~~2020,~~in ~~the~~accordance ~~Company~~with ~~owes~~accounting ~~$148,604~~principles ~~(2019~~generally -accepted ~~$nil)~~in tothe aUnited ~~non-related~~States ~~party~~requires management to make estimates and ~~requires~~assumptions ~~monthly~~that ~~payments~~affect the reported amounts of ~~$4,290~~assets ~~including~~and ~~interest~~liabilities at the ~~rate~~date of ~~5.66%~~the ~~per~~financial ~~annum~~statements ~~for~~and athe ~~period~~reported amounts of 48revenue ~~months~~and ~~commencing~~expenses ~~November~~in 1,the ~~2019~~reporting period. The ~~loan~~Company isregularly ~~secured~~evaluates byestimates aand ~~collateral~~assumptions ~~charge~~related onto ~~production~~deferred ~~equipment~~income tax asset valuation allowances. OfThe ~~the~~Company ~~amount~~bases ~~owed,~~its ~~$40,472~~estimates isand ~~included~~assumptions inon current ~~liabilities~~facts, historical experience and ~~$108~~various other factors that it believes to be reasonable under the circumstances,~~132~~ isthe ~~included~~results inof ~~long-term~~which form the basis for making judgments about the carrying values of assets and liabilities onand the ~~consolidated~~accrual ~~balance~~of ~~sheet~~costs ~~resented~~and ~~herein~~expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

6.F-8 ~~Mortgage~~Table ~~Payable~~of Contents

~~As of July 31, 2020, the Company owes $2,750,000~~ (~~2019 - $nil~~d) ~~plus~~Cash accrued interest payable of $41,250 (2019 - $nil) to a non-related party, with monthly payments of interest only at the rate of 6% per annum. The debt is secured by a Promissory Note secured by a Deed of Trust on real property commonly known as Round Potrero Road, Potrero, California. The maturity date of the debt is August 23, 2024, and isCash ~~included in long-term liabilities on the consolidated balance sheet resented herein.~~Equivalents

~~F-11~~The ~~Table~~Company considers all highly liquid instruments with maturity of ~~Contents~~three months or less at the time of issuance and trust funds to be cash equivalents.

7.(e) ~~Second Mortgage Payable~~Inventory

AsInventory is carried at the lower of ~~July~~cost ~~31,~~or ~~2020~~net realizable value, with the ~~Company~~cost ~~owes~~being ~~$1,760,000~~determined ~~(2019~~on a first-in, ~~$nil~~first-out (FIFO) ~~plus~~basis. ~~accrued~~The ~~interest~~Company ~~payable~~periodically ofreviews ~~$66,000~~physical ~~(2019~~inventory -and ~~$nil)~~will torecord a ~~non-related~~reserve ~~party,~~for ~~with~~excess ~~monthly~~and/or ~~payments~~obsolete ofinventory ~~interest~~if ~~only~~necessary. atIn July 2020, the ~~rate~~Company ofplanted ~~15%~~its ~~per~~first ~~annum~~large scale hemp crops for cultivation. The ~~debt~~planting iscovers ~~secured~~approximately by120 aacres ~~Promissory~~of ~~Note~~land. ~~secured~~During bythe ayear ~~second~~ended ~~charge~~July on31, 2021, the ~~Deed~~Company ofpurchased ~~Trust~~additional onseeds ~~real~~and ~~property~~nutrients ~~commonly~~to ~~known~~plant asand ~~Round~~to ~~Potrero~~be ~~Road~~later transferred into the fields. These costs included approximately $79,000 ~~Potrero~~for seeds and nutrients and $654,000 ~~California~~on labor to prepare the fields, plant seeds, and to begin harvesting. The ~~maturity~~Company ~~date~~has determined to record these costs as expenses due to the research and development nature of the ~~debt~~current isinventory ~~August~~for 15the year ended July 31, ~~2024~~2021. Additionally, included in research and developments was the ~~debt~~inventory isof ~~included~~$69,600 inacquired ~~long-term~~from ~~liabilities~~Castillo onand the ~~consolidated~~Company ~~balance~~recorded ~~sheet~~inventory ~~resented~~impairment ~~herein~~of $172,400 related to the hemp cigarettes acquired in the Admay transaction.

8.(f) ~~Related~~Intangible ~~Party Transactions~~Assets

~~Controlling~~During ~~Shareholder~~the year ended July 31, 2021, the Company acquired trademarks of $25,000 for the American Hemp and Diablo trademarks (see Note 2). In accordance with ASC 350, “Intangibles—Goodwill and Other,” goodwill and other intangible assets with indefinite lives are no longer subject to amortization but are tested for impairment annually or whenever events or changes in circumstances indicate that the asset might be impaired.

~~As of July 31, 2020, Alita Capital, Inc., together with its affiliates~~ (~~collectively, “Alita”~~g), isRelated ~~the~~Party controlling shareholder of the Company’s common stock, as Alita owns approximately 52.5% of our issued and outstanding common stock, Accordingly, Alita has the ability to exercise significant control over our affairs, including the election of directors and most actions requiring the approval of shareholders, including the approval of any potential merger or sale of all or substantially all assets or segments of the Company, or the Company itself. Alita is controlled by Mr. Ron Loudoun, the Company’s CEO.Transactions

~~Alita~~The isCompany ~~subject~~follows toASC ~~certain~~850, ~~restrictions~~Related ~~under~~Party ~~federal~~Disclosures, ~~securities~~for ~~laws~~the onidentification ~~sales~~ of ~~its~~related ~~shares~~parties asand andisclosure ~~affiliate. Should Alita sell or otherwise dispose~~ of ~~all~~related orparty atransactions. ~~portion~~In ofaccordance ~~its~~with ~~position~~ASC in850, the Company,’s afinancial ~~change~~statements ininclude ~~ownership~~disclosures ~~and control~~ of ~~the~~material ~~Company~~related ~~could~~party ~~occur.~~transactions, Aother ~~change~~than incompensation ~~ownership~~arrangements, asexpense ~~defined by Internal Revenue Code Section 382~~allowances, ~~could~~and ~~reduce~~other ~~the~~similar ~~availability~~items ofin the ~~Company’s~~ordinary ~~net~~course ~~operating~~of ~~losses (“NOLs”) for federal and state income tax purposes. Furthermore~~business, aas ~~change~~well ofas ~~control~~transactions ~~could~~that ~~trigger~~are ~~the~~eliminated ~~change of control provisions~~ in athe ~~number~~preparation of ~~our~~financial ~~material agreements~~statements.

~~As of July 31, 2020, the Company owes $2,348,482~~ (~~July 31, 2019 - $696,074~~h) toIncome ~~Alita. The debt includes funds advanced to the Company and amounts paid directly to vendors, is non-interest bearing, unsecured, and due on demand.~~Taxes

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

(ai) AsForeign ofCurrency July 31, 2020, the Company owes $56,824 (July 31, 2019 - $56,824) to a company controlled by the CEO of the Company. The debt bears interest at 5% per annum, is unsecured, and is due on demand. As of July 31, 2020, accrued interest of $17,689 (July 31, 2019 - $14,825) has been included in amounts due to related parties.Translation

~~(b)~~The AsCompany’s offunctional ~~July~~and ~~31,~~reporting ~~2020,~~currency is the ~~Company~~U.S. ~~incurred~~dollar. ~~and~~Transactions ~~owes~~in ~~$90,000~~foreign ~~(July~~currencies ~~31,~~are ~~2019~~translated -into ~~$nil)~~the tocurrency of measurement at the ~~CEO~~exchange ofrates in effect on the ~~Company~~transaction ~~for~~date. ~~accrued~~Monetary ~~consulting~~balance ~~fees~~sheet items expressed in foreign currencies are translated into U.S. ~~The~~dollars ~~debt~~at isthe ~~non-interest~~exchange ~~bearing,~~rates ~~unsecured,~~in ~~and~~effect ~~due~~at onthe ~~demand~~balance sheet date. The resulting exchange gains and islosses ~~included~~are recognized in ~~related~~the ~~party~~statement ~~accounts~~of ~~payable~~operations.

(cj) AsFinancial ofInstruments ~~July 31, 2020, the Company incurred $30,000 (2019- $nil) in consulting fees to the CTO~~ and asFair ofValue July 31, 2020 owes $15,000 (July 31, 2019 - $nil) to the CTO of the Company for accrued and unpaid consulting fees. The debt is non-interest bearing, unsecured, and due on demand and is included in related party accounts payable.Measures

~~(d) During the year ended July 31, 2020, the Company incurred $4,250 (2019~~ F-9 ~~$nil)~~Table ~~in consulting fees to the CFO~~ of ~~the Company. The amount was paid and there is no balance due the CFO.~~Contents

~~(e)~~Level As of July 31, 2020, the Company owes $35,000 (July 31, 2019 - $27,500) to a former director of the Company for accrued consulting fees. The debt is non-interest bearing, unsecured, and due on demand and is included in related party accounts payable.1

~~(f)~~Level As1 ofapplies ~~July 31, 2020, the Company owes $67,500 (July 31, 2019 - $15,000)~~ to ~~the~~assets ~~former~~or ~~CEO~~liabilities ~~of a subsidiary of the Company~~ for ~~consulting~~which ~~fees.~~there ~~The~~are ~~debt~~quoted isprices ~~non-interest~~in ~~bearing,~~active ~~unsecured,~~markets ~~and~~for ~~due~~identical onassets ~~demand~~or ~~and is included in related party accounts payable~~liabilities.

~~(g)~~Level As of July 31, 2020, the Company owes $67,500 (July 31, 2019 - $15,000) to the former President of a subsidiary of the Company for consulting fees. The debt is non-interest bearing, unsecured, and due on demand and is included in related party accounts payable.2

~~(h)~~Level As2 ofapplies ~~July~~to ~~31,~~assets ~~2020,~~or ~~the~~liabilities ~~Company~~for ~~owes~~which ~~$27,144~~there ~~(July~~are ~~31,~~inputs ~~2019~~other -than ~~$nil)~~quoted toprices ~~the~~that ~~former~~are ~~Chief~~observable ~~Agricultural~~for ~~Operations~~the ~~Manager~~asset ofor ~~the~~liability ~~Company~~such as quoted prices for ~~consulting~~similar ~~fees.~~assets ~~The~~or ~~debt~~liabilities isin ~~non-interest~~active ~~bearing~~markets, ~~unsecured,~~quoted ~~and~~prices ~~due~~for onidentical ~~demand~~assets ~~and~~or isliabilities ~~included~~in markets with insufficient volume or infrequent transactions (less active markets), or model-derived valuations in ~~related~~which ~~party~~significant ~~accounts~~inputs ~~payable~~are observable or can be derived principally from, or corroborated by, observable market data.

~~(i)~~Level ~~Imputed interest of $154,074 for the year ended July 31, 2020 and $22,009 for the year ended July 31, 2019 has been recorded for the above related party debts.~~3

9.Level ~~Common~~3 ~~Stock~~applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

~~Share~~The ~~Issuances~~Company’s financial instruments consist principally of cash, accounts payable and accrued liabilities, loans payable, and amounts due to related parties. Pursuant to ASC 820, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.

(ak) ~~On August 1, 2019, the Company issued 250,000 common shares to the CEO of the Company in exchange for services. The shares were valued at $370,000~~ Stock-based ~~on OTC’s closing trade price on the date of the agreement.~~Compensation

~~(b)~~The OnCompany ~~August~~records 1,stock-based ~~2019~~compensation in accordance with ASC 718, ~~the~~“Compensation ~~Company~~– ~~issued~~Stock 50Compensation” and ASC 505,~~000~~ ~~common~~“Equity ~~shares~~Based Payments to ~~the~~Non-Employees”, ~~Chief~~using ~~Agricultural~~the ~~Operations~~fair ~~Manager~~value ofmethod. ~~the~~All ~~Company~~transactions in ~~exchange~~which ~~for~~goods ~~consulting~~or services. ~~The~~are ~~shares~~the ~~were~~consideration ~~valued~~received atfor ~~$74,000~~the issuance of equity instruments are accounted for based on ~~OTC’s~~the ~~closing~~fair ~~trade~~value ~~price~~of onthe consideration received or the ~~date~~fair value of the ~~agreement~~equity instrument issued, whichever is more reliably measurable.

~~F-12~~(l) ~~Table~~Revenue ofand ~~Contents~~Deferred Revenue

In May 2014, the Financial Accounting Standards Board (c“FASB”) Onissued ~~August~~ASU 12014-09, ~~2019,~~Revenue ~~the~~from ~~Company~~Contracts ~~issued~~with ~~200,000~~Customers ~~common~~(Topic ~~shares~~606) towhich amended the ~~Chief~~existing ~~Project~~accounting ~~Manager~~standards for revenue recognition. ASU 2014-09 establishes principles for recognizing revenue upon the transfer of promised goods or services to customers, in an amount that reflects the ~~Company~~expected consideration received in exchange for ~~consulting~~those goods or services. ~~The~~As ~~shares~~of ~~were~~the ~~valued~~date atof ~~$296~~this report,~~000~~ ~~based~~the onCompany ~~OTC’s~~has ~~closing~~not ~~trade~~recognized ~~price~~any onrevenue ~~the~~related ~~date~~to of the ~~agreement~~hemp production business.

~~(d)~~For Onthe ~~August~~year 1ended July 31, ~~2019~~2021, ~~the~~revenue ~~Company~~recognized ~~issued~~of 25$40,~~000~~954 ~~common~~is ~~shares~~related to the ~~Assistant~~land ~~Agricultural~~use ~~Operations~~rental ~~Manager~~income offrom ~~the~~San Diego Gas and Electric Company in(“SDGE”). ~~exchange~~SDGE ~~for~~vacated ~~consulting~~the ~~services~~property in October 2020. ~~The~~As ~~shares~~of ~~were~~July ~~valued~~31, at2020, the Company recorded deferred revenue of $3715,~~000~~973, ~~based~~representing ona ~~OTC’s~~portion ~~closing~~of ~~trade~~the ~~price~~payment onreceived in July 2020, that pertains to August 2020 rental income and accordingly has been recognized and is included in the ~~date~~revenue offor the ~~agreement~~year ended July 31, 2021.

(em) On August 1, 2019, the Company issued 250,000 common shares to a non-related party in exchange for consulting services. The shares were valued at $370,000 based on OTC’s closing trade price on the date of the agreement.Leases

~~(f)~~The OnCompany ~~August~~evaluates 1,lease ~~2019,~~assets ~~the~~and ~~Company~~lease ~~issued 50~~liabilities,~~000~~ ~~common~~(if ~~shares~~any), pursuant to ~~Triton~~ASC ~~Funds~~842, ~~LLC~~by inrecognizing ~~exchange~~lease ~~for~~assets ~~consulting~~and ~~services.~~lease ~~The~~liabilities ~~shares~~on ~~were~~the ~~valued~~balance atsheet ~~$74,000~~and ~~based~~disclosing onkey ~~OTC’s~~information ~~closing~~about ~~trade~~leasing ~~price~~transactions. onAs of the date of this report, the ~~agreement~~Company has no material transactions to report.

(gn) OnLoss ~~April~~Per 20, 2020, the Company issued 50,000 common shares to an Independent Director of the Company in exchange for consulting services. The shares were valued at $100,000 based on OTC’s closing trade price on the date of the agreement. Share

The Company computes earnings (hloss) Onper ~~April~~share ~~20,~~in ~~2020~~accordance with ASC 260, “Earnings per Share”. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the ~~Company~~face ~~issued~~of ~~125,000~~the ~~common~~income ~~shares~~statement. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the ~~Senior~~weighted ~~Vice~~average ~~President~~number of ~~Corporate~~shares ~~Development~~outstanding of(denominator) during the ~~Company~~period. inDiluted ~~exchange~~EPS ~~for~~gives ~~consulting~~effect ~~services.~~to ~~The~~all dilutive potential common shares ~~were~~outstanding ~~valued~~during atthe ~~$250,000~~period ~~based~~using onthe ~~OTC’s~~treasury ~~closing~~stock ~~trade~~method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price onfor the ~~date~~period is used in determining the number of shares assumed to be purchased from the ~~agreement~~exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As of July 31, 2021, the Company does not have any potentially dilutive shares.

~~(i)~~F-10 OnTable ~~April 20, 2020, the Company issued 125,000 common shares to a Senior Vice President~~ of ~~Business Development – Agriculture Division of the Company in exchange for consulting services. The shares were valued at $250,000 based on OTC’s closing trade price on the date of the agreement.~~Contents

(jo) OnComprehensive April 20, 2020, the Company issued 166,667 common shares to Triton Funds LP upon conversion of $50,000 of debt. The shares were valued pursuant to the conversion terms of the convertible promissory note (see note 4(c)).Loss

~~(k)~~ASC ~~On May 8~~220, ~~2020,~~“Comprehensive ~~the Company issued 214~~Income”,~~286~~ ~~common~~establishes ~~shares~~standards tofor ~~Triton~~the ~~Funds~~reporting LPand ~~upon~~display ~~conversion~~ of ~~$60,000~~comprehensive ofloss ~~debt.~~and ~~The~~its ~~shares~~components ~~were~~in ~~valued pursuant to~~ the ~~conversion~~financial ~~terms of the convertible promissory note (see note 4(c))~~statements.

(lp) OnRecent ~~May~~Accounting 23, 2020, the Company issued 178,571 common shares to Triton Funds LP upon conversion of $50,000 of debt. The shares were valued pursuant to the conversion terms of the convertible promissory note (see note 4(c)).Pronouncements

In July 2018, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842, Leases. The amendments in ASU 2018-10 provide additional clarification and implementation guidance on certain aspects of the previously issued ASU No. 2016-02, Leases (mTopic 842) On(“ASU ~~June~~2016-02”) 8and have the same effective and transition requirements as ASU 2016-02. Upon the effective date, ~~2020~~ASU 2018-10 will supersede the current lease guidance in ASC Topic 840, Leases. Under the ~~Company~~new ~~issued~~guidance, ~~153~~lessees will be required to recognize for all leases,~~846~~ ~~common~~with ~~shares~~the exception of short-term leases, a lease liability, which is a lessee’s obligation to ~~Triton~~make ~~Funds~~lease LPpayments ~~upon~~arising ~~conversion~~from a lease, measured on a discounted basis. Concurrently, lessees will be required to recognize a right-of-use ~~$40~~asset,~~000~~ which is an asset that represents the lessee’s right to use, or control the use of, ~~debt~~a specified asset for the lease term. ~~The~~ASU ~~shares~~2018-10 ~~were~~is ~~valued~~effective ~~pursuant~~for private companies and emerging growth public companies for interim and annual reporting periods beginning after December 15, 2019, with early adoption permitted. The guidance is required to ~~the~~be ~~conversion~~applied ~~terms~~using a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the ~~convertible~~earliest ~~promissory~~comparative ~~note~~periods ~~(see~~presented ~~note~~in ~~4(c))~~the financial statements. During the year ended July 31, 2021, the Company assessed the impact this guidance had on its financial statements and concluded that at present ASU No. 2018-10 has no impact on its financial statements.

~~(n) On June 23, 2020, the Company issued 200,000 common shares to Triton Funds LP upon conversion of $50,000 of debt~~4. ~~The~~Fixed ~~shares were valued pursuant to the conversion terms of the convertible promissory note (see note 4(c)).~~Assets

~~(o)~~Fixed Onassets ~~July~~are ~~14,~~recorded ~~2020,~~at ~~the~~cost ~~Company~~reduced ~~issued~~by ~~200,000~~accumulated ~~common~~depreciation. ~~shares~~Depreciation toexpense is recognized over the ~~Chief~~assets’ ~~Operating~~estimated ~~Officer~~useful oflives using the ~~Company~~straight-line inmethod. ~~exchange~~Estimated ~~for~~useful ~~services~~lives are periodically reviewed and, when appropriate, changes are made prospectively. ~~The~~When ~~shares~~certain ~~were~~events ~~valued~~or atchanges ~~$399~~in operating conditions occur,~~360~~ ~~based~~asset onlives ~~OTC’s~~may ~~closing~~be ~~trade~~adjusted ~~price~~and an impairment assessment may be performed on the ~~date~~recoverability of the ~~agreement~~carrying amounts. The Company has determined to record all of the assets acquired in the Primordia APA as an asset cluster and has classified $431,137 as fixed assets.

~~(p)~~Fixed Onassets ~~July~~consist ~~14, 2020, the Company issued 50,000 common shares to the Chief Financial Officer~~ of the ~~Company in exchange for services. The shares were valued at $63,500 based on OTC’s closing trade price on the date of the agreement.~~following:

(q) On July 14, 2020, the Company issued 125,000 common shares to the Senior Vice President of Corporate Development of the Company in exchange for consulting services. The shares were valued at $250,000 based on OTC’s closing trade price on the date of the agreement.

	Useful Life	Balance at July 31, 2020		Additions		Accumulated Depreciation			Balance at July 31, 2021

Production equipment	5 years	$	359,909	$	708,265	$	(213,275	)	$	854,899
Furniture and office equipment	5 years		8,102		-		(3,243	)		4,859
Buildings and improvements	15 years		225,167		261,802		(36,763	)		450,206
Land			4,212,362		-		-			4,212,362
		$	4,805,540	$	970,067	$	(253,281	)	$	5,522,326

~~(r)~~The Onbalance as of July 1431, 2020, in the ~~Company~~above ~~issued~~table ~~125,000~~is ~~common~~the ~~shares~~costs toof athe ~~Senior~~fixed ~~Vice~~assets. ~~President~~As of ~~Business~~July ~~Development~~31, –2020, ~~Agriculture~~accumulated ~~Division~~depreciation ofwas ~~the~~$78,076 ~~Company~~and inthe ~~exchange~~net ~~for~~fixed ~~consulting~~asset ~~services.~~balance ~~The~~as ~~shares~~of ~~were~~July ~~valued~~31, at2020 was $~~250~~4,~~000~~727,464. ~~based~~Fixed onasset ~~OTC’s~~costs ~~closing~~are ~~trade~~being ~~price~~depreciated using the straight-line method based on the ~~date~~useful life of the ~~agreement~~asset. Depreciation expenses was $175,204 and $78,076 for the years ended July 31, 2021, and 2020, respectively.

~~(s)~~F-11 OnTable July 14, 2020, the Company issued in the aggregate 60,000 common shares to two independent consultants in exchange for services. The shares were valued at $48,300 in the aggregate, based on OTC’s closing trade price on the date of ~~their respective agreements.~~Contents

~~(t) On July 22, 2020, the Company issued 321,576 common shares to Triton Funds LP upon conversion of $78,786 of debt~~5. ~~The~~Loans ~~shares were valued pursuant to the conversion terms of the convertible promissory note (see note 4(c)).~~Payable

~~Stock~~The ~~Payable~~Company has the following notes payable outstanding as of July 31, 2021 and, 2020:

On November 15, 2019, the Company agreed to issue 100,000 common shares to an Independent Director of the Company, William Creekmur, in exchange for consulting services. The shares were valued based on OTC’s closing trade price on the date of the agreement. The Company issued 50,000 of the shares on April 20, 2020. The remaining 50,000 shares valued at $100,000 have not been issued and are included in Stock payable as of July 31, 2020.

	July 31, 2021		July 31, 2020
Promissory Note payable, interest at 10%, matured December 19, 2019, in default at July 31, 2020	$	-0-	$	24,989
Secured Promissory Note payable, interest at 15%, matures August 15, 2024.		1,760,000		1,760,000
Secured Promissory Note payable, interest at 6%, matures August 23, 2024		2,750,000		2,750,000
Promissory Note, interest at 5.66%, matures October 1, 2023		112,013		148,604
Paycheck Protection Program loan		444,850		444,850
Secured Promissory Note payable, interest at 15%, matures June 15, 2022, net of discount of $8,563		2,660,185	-0-
Promissory Note, interest at 4.75%, matures March 2, 2022		406,137	-0-
Sub- total notes payable, net of discount		8,133,185		5,128,443
Less long-term portion		4,575,591		4,618,132
Current portion of notes payable	$	3,557,594	$	510,311

On ~~July~~June 118, ~~2020~~2019, the Company ~~agreed~~entered tointo ~~issue~~a ~~200,000~~Promissory ~~common~~Note ~~shares~~with toa anface ~~Advisor~~value toof ~~the~~$155,250, ~~Company~~with ina ~~exchange~~non-related ~~for~~third ~~consulting services~~party. The ~~shares~~note ~~were~~was ~~valued~~initially atdue ~~$92~~July 19,~~000~~ ~~based~~2019, onhowever ~~OTC’s~~the ~~closing~~parties ~~trade~~agreed ~~price~~to onextend the ~~date~~note for six months pursuant to the terms of the ~~agreement~~note. The extension also carried a 10% interest rate.

FOn August 15, 2019, the Company entered into a Secured Promissory Note with a face value of $1,760,000, with a non-13related ~~Table~~party. The note requires monthly payments of ~~Contents~~interest only at the rate of 15% per annum. The note is secured by a second charge on the Deed of Trust on real property commonly known as Round Potrero Road, Potrero, California. The maturity date of the debt is August 15, 2024.

10On August 23, 2019, the Company entered into a Secured Promissory Note with a face value of $2,750,000, with a non-related party. ~~Commitments/Contingencies~~The note requires monthly payments of interest only at the rate of 6% per annum. The note is secured by a Deed of Trust on real property commonly known as Round Potrero Road, Potrero, California. The maturity date of the debt is August 23, 2024.

~~(a)~~ On September 112, ~~2018~~2019, the Company entered into a ~~consulting~~Promissory ~~agreement~~Note with ~~the CTO, Jeff Palumbo, whereby the Company agreed to pay~~ a ~~consulting~~face ~~fee~~value of $2183,~~500~~031 ~~per~~with ~~month for~~ a ~~period~~non-related ofparty ~~two~~for ~~years~~the ~~commencing~~purchase ~~August~~of ~~1, 2018~~equipment. The ~~agreement~~note ~~can~~requires bemonthly ~~extended~~payments toof ~~four~~$4,290 ~~years~~including ~~upon~~interest ~~mutual~~at ~~agreement.~~the ~~Upon~~rate ~~completion~~ of a5.66% ~~minimum~~per ~~$1,000,000~~annum ~~financing,~~for ~~the~~a ~~Company~~period ~~will~~of ~~increase~~48 ~~this~~months ~~payment~~commencing toNovember $51,~~000~~ ~~per month~~2019. ~~Upon~~The ~~completion~~loan ofis secured by a ~~minimum~~collateral ~~$5,000,000~~charge ~~financing~~on orproduction ~~profitable~~equipment. ~~operations,~~Of the ~~Company~~amount ~~will~~owed, ~~increase~~$46,422 ~~this~~is ~~payment~~included toin ancurrent ~~amount~~liabilities ~~mutually~~and ~~agreed~~$65,591 ~~upon~~is ~~that~~included ~~reflects~~in ~~the~~long-term ~~market~~liabilities ~~rate~~on ~~for~~the ~~services~~consolidated ~~provided~~balance bysheet ~~the~~presented ~~CTO~~herein.

~~(b)~~ On ~~August~~April 130, ~~2019,~~2020 the Company ~~entered~~received ~~into~~loan aproceeds ~~consulting~~in ~~agreement~~the ~~with~~amount of $444,850 under the ~~CEO~~Paycheck Protection Program (“PPP”). The PPP, established as part of the ~~Company~~Coronavirus Aid, ~~Ron~~Relief ~~Loudoun,~~and ~~whereby~~Economic Security Act (the ~~Company~~“CARES ~~agreed~~Act”), provides for loans to ~~pay~~qualifying abusinesses ~~consulting~~for ~~fee~~amounts ofup ~~$7,500~~to ~~per~~2.5 ~~month~~times ~~for~~of athe ~~period~~average monthly payroll expenses of ~~three~~the ~~years~~qualifying business. The loans and ~~pursuant~~accrued tointerest ~~which,~~are forgivable after eight weeks as long as the ~~Company~~borrower ~~issued~~uses the ~~CEO~~loan ~~250~~proceeds for eligible purposes,~~000~~ ~~shares~~including ofpayroll, ~~common~~benefits, ~~stock~~rent and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if the ~~Company~~borrower terminates employees or reduces salaries during the eight-week period. ~~Additionally,~~The unforgiven portion of the ~~Company~~PPP ~~agreed~~loan tois ~~issue~~payable over two years at an ~~additional~~interest ~~250~~rate of 1%,~~000~~ ~~shares~~with a deferral of ~~common~~payments ~~stock~~for ~~per~~the ~~year~~first six months. The Company believes it has used the proceeds for purposes consistent with the ~~remaining~~PPP, ~~two~~however, ~~years~~we cannot assure you that the Company will be eligible for forgiveness of the ~~agreement~~loan, in whole or in part.

~~(c)~~ On ~~August~~December 115, ~~2019~~2020, the Company entered into a ~~consulting~~Secured ~~agreement~~Promissory Note with ~~the~~a ~~Chief~~face ~~Project~~value ~~Manager~~of $2,668,748, ~~Greg~~with ~~Stinson~~the same lender of the August 23, ~~whereby~~2019, Secured Promissory Note. The principal balance of the ~~Company~~note ~~agreed~~included an initial debt discount of $25,688, that will be amortized to ~~pay~~interest aexpense ~~signing~~over ~~bonus~~the term of the note. For the year ended July 31, 2021, the Company recorded $1517,~~000~~125 ~~and~~of ainterest ~~consulting~~expense. ~~fee~~As of July 31, 2021, there remains $78,~~500~~563 of unamortized debt discount. The note requires monthly payments of interest only at the rate of 15% per ~~month~~annum. ~~for~~The note is secured by a ~~period~~third Deed of ~~five~~Trust ~~years~~on real property commonly known as Round Potrero Road, Potrero, California. ~~Pursuant~~The tomaturity date of the ~~agreement~~debt is June 15, ~~the~~2022. ~~Company~~A ~~also~~portion ~~issued~~of the ~~Consultant~~face ~~200~~value of this note was used to repay $1,140,000 ~~shares~~ of ~~common~~related ~~stock~~party ofamounts ~~the~~due ~~Company~~(see Note 7).

(d) On August 1, 2019, the Company entered into a consulting agreement with the Assistant Agricultural Operations Manager, Carol Snyder, whereby the Company agreed to pay a signing bonus of $4,000 and a consulting fee of $2,000 per month for a period of year. At the end of the sixF-~~month~~12 ~~period,~~Table ~~the Company may evaluate the performance with regards to an extension~~ of ~~the agreement. Pursuant to the agreement, the Company also issued the Consultant 25,000 shares of common stock of the Company.~~Contents

~~(e)~~ On ~~November~~March 152, ~~2019~~2021, the Company ~~agreed~~entered tointo ~~issue~~a ~~100,000~~Promissory ~~common~~Note ~~shares~~with toa anface ~~Independent~~value ~~Director~~ of ~~the Company~~$406,137 ~~William~~related ~~Creekmur,~~to inthe ~~exchange~~Asset ~~for~~Purchase ~~consulting~~Agreement ~~services~~with Primordia. The ~~shares~~note ~~were~~carries ~~valued~~an ~~based~~interest onrate ~~OTC’s closing trade price on the date~~ of ~~the agreement~~4.75% ~~The~~per ~~Company~~annum ~~issued~~and ~~50,000~~matures ofwith ~~the~~a ~~shares~~balloon ona ~~April~~payment ~~20,~~of ~~2020.~~principal ~~The~~and ~~remaining~~all ~~50,000~~accrued ~~shares valued at $100,000 have not been issued~~ and ~~are~~unpaid ~~included~~interest inon ~~Stock~~March ~~payable as of July 31~~2, ~~2020~~2022.

~~(f)~~Maturity ~~On February 13, 2020, the Company entered into a six-month (the “Initial Term”) consulting agreement with the CFO~~ of ~~the~~loans Company, Todd Mueller, whereby the Company agreed to pay a consulting fee of 100,000 shares, 50,000 shares would be delivered upon the execution of the agreement (certificated on July 14, 2020) and 50,000 delivered in six months based on the continuation of the agreement. Following the Initial Term, the Company and the Consultant may extend the Term for up to 5 years on similar terms and conditions by further agreement in writing to that effect. The Company may terminate this Agreement for any reason prior to the expiry of this Agreement with 30-day notice and full vesting of stock or stock options for the period of engagement. The Consultant may end this Agreement with 30 days written notice prior to the end of the term.payable:

(g) On July 1, 2020, the Company agreed to issue 200,000 common shares to an Advisor to the Company in exchange for consulting services. The shares were valued at $92,000 based on OTC’s closing trade price on the date of the agreement.

	Amount
For the year ending July 31, 2022	$	3,557,594
For the year ending July 31, 2023		49,084
For the year ending July 31, 2024		16,507
For the year ending July 31, 2025		4,510,000
Total	$	8,133,185

~~There~~6. isConvertible ~~currently~~Note ~~no pending or threatened litigation.~~Payable

11On December 19, 2019, the Company entered into an securities purchase agreement, which was amended on January 8, 2020 (collectively, the “SPA”) with Triton Funds, LP, an accredited investor (“Triton”), pursuant to which the Company issued and sold to Triton (i) a discounted convertible promissory note (the “Note”) in the aggregate principal amount of up to $750,000, due June 30, 2020, bearing interest at a rate of ten percent (10%) per annum and convertible into shares of the Company’s common stock at a conversion price of $2.50 ~~Sales~~per ~~concentration~~share and (ii) a common stock purchase warrant (the “Warrant”), exercisable for two (2) years, to purchase up to 250,000 shares of the Company’s common stock at an exercise price of $3.00 per share, subject to adjustment, for an aggregate purchase price of $600,000. If not exercised, the Warrant will expire at 5:00 pm EST on December 31, 2021. The Note can be prepaid at any time by paying 110% of the then outstanding principal, interest, default interest (if any), and any other amounts then due under the Note. The Note is initially convertible at a price per share equal to $2.50 (the “Fixed Conversion Price”); provided, however, that during the continuance of an event of default under the Note, the conversion price shall be equal to 75% of the lowest trading price of the Company’s common stock during the 30 trading days prior to conversion.

~~For~~On December 31, 2019, Triton paid an initial purchase price of $100,000 at the ~~year~~initial ~~ended~~closing. ~~July~~The 31Company received net proceeds of $85,000 after paying fees of $15,000. On February 20, 2020, ~~100%~~Triton paid the purchase price balance of ~~our~~$500,000. ~~revenue~~The isoriginal ~~from~~issue discount on the ~~land~~Note ~~use~~is ~~rental~~a ~~income~~total ~~from~~of ~~San~~$150,000. ~~Diego~~On ~~Gas~~March 31, 2020, the Company and ~~Electric~~Triton entered into a Modification Agreement, pursuant to which (i) the Company inpaid $250,000 of the principal amount of the Note, bringing the principal balance of the Note on that date to $~~161~~500,~~374.~~000, ~~The~~(ii) ~~term~~the maturity date of the ~~rental~~Note ~~agreement~~was isextended into ~~effect~~August ~~until~~20, ~~December~~2020, (iii) the conversion price of the Note was established as 75% of the lowest trading price of our common stock during the 30 trading days prior to conversion, and (iv) the minimum volume weighted price requirement of the Note was deleted. As of July 31, 2020, ~~with~~the aprincipal ~~monthly~~balance ~~payment~~of the Note was $171,213. On August 19, 2020, the Company paid the remaining principal and accrued and unpaid interest in the aggregate of $17200,~~600~~000 and as of that date the note balance is $-0-.

127. ~~Income~~Related ~~Taxes~~Party Transactions

~~The~~Controlling ~~Company has net operating losses carried forward of $12,965,998 available to offset taxable income in future years which commence expiring in fiscal 2028.~~Shareholder

~~The~~As ~~Company~~of isJuly ~~subject~~31, to2021, ~~United~~Alita ~~States~~Capital, ~~federal~~Inc., ~~and~~together ~~state~~with ~~income~~its ~~taxes~~affiliates at(collectively, an“Alita”), ~~approximate~~is ~~rate~~the controlling shareholder of ~~26.42%~~the ~~(2019~~Company’s –common 26stock, as Alita owns approximately 50.422%). ~~The~~of ~~reconciliation~~our ofissued and outstanding common stock, accordingly, Alita has the ~~provision~~ability ~~for~~to ~~income~~exercise ~~taxes~~significant atcontrol over our affairs, including the ~~United~~election ~~States~~of ~~federal~~directors ~~statutory~~and ~~rate~~most ~~compared~~actions torequiring the approval of shareholders, including the approval of any potential merger or sale of all or substantially all assets or segments of the Company’s, ~~income~~or ~~tax~~the ~~expense~~Company asitself. ~~reported~~Alita is ascontrolled ~~follows:~~by Mr. Ron Loudoun, the Company’s Chief Executive Officer.

	2020			2019
Income tax recovery at statutory rate	$	(1,622,931	)	$	(387,218	)
Change in enacted tax rates		-			-
Change in valuation allowance		1,622,931			387,218
Provision for income taxes	$	–		$	–

Alita is subject to certain restrictions under federal securities laws on sales of its shares as an affiliate. Should Alita sell or otherwise dispose of all or a portion of its position in the Company, a change in ownership and control of the Company could occur. A change in ownership, as defined by Internal Revenue Code Section 382, could reduce the availability of the Company’s net operating losses (“NOLs”) for federal and state income tax purposes. Furthermore, a change of control could trigger the change of control provisions in a number of our material agreements.

~~F-14~~During ~~Table~~the ofyear ~~Contents~~ended July 31, 2021, Alita made advances to the Company (including direct payments to vendors) and received reimbursements from the Company as follows:

The significant components of deferred income tax assets and liabilities as at July 31, 2020 and 2019 are as follows:

Balance July 31, 2020	$	2,405,306
Advances and interest charged		2,361,646
Reimbursements		(1,638,489	)
Balance July 31, 2021	$	3,128,463

	2020			2019
Net operating losses carried forward	$	2,722,859			1,099,928
Valuation allowance		(2,722,859	)		(1,099,928	)
Net deferred income tax asset		–			–

F-13

Table of Contents

The ~~2017~~above ~~Act~~balances ~~reduces~~as ~~the~~of ~~corporate~~July ~~tax rate from 34% to 21% for tax years beginning after December~~ 31, ~~2017.~~2021, ~~For~~and ~~net operating losses arising after December 31~~2020, ~~2017,~~are ~~the~~presented ~~2017~~in ~~Act~~due ~~limits~~to arelated ~~taxpayer’s~~parties ~~ability~~on tothe ~~utilize~~consolidated ~~net~~balance ~~operating~~sheets ~~losses~~presented ~~carryforwards~~herein. toImputed ~~80%~~interest of ~~taxable income. In addition~~$261,976 ~~net~~and ~~operating losses arising after 2017 can be carried forward indefinitely~~$154,074 ~~but~~for ~~carryback~~the ~~is generally prohibited. Net operating losses generated in tax~~ years ~~beginning~~ended ~~before~~July ~~January~~31, 12021, ~~2018~~and ~~will~~2020, ~~not~~respectively, behas ~~subject~~been torecorded for the ~~taxable~~above ~~income~~related ~~limitation.~~party ~~The~~debts ~~2017~~with ~~Act would generally eliminate~~ the ~~carryback~~offset ofto ~~all~~additional ~~net~~paid ~~operating losses arising~~ in ~~a tax year ending after 2017 and instead would permit all such net operating losses to be carried forward indefinitely~~capital.

~~13.~~Management ~~Subsequent~~Fees ~~Events~~and accounts payable – related parties

~~Effective~~For ~~August 1, 2020 (~~the ~~“Effective~~years ~~Date”),~~ended ~~the~~July ~~Company entered into an employment agreement (the “Agreement”) with Dr. Levan Darjania~~31, PhD as the Company’s Chief Science Officer. Dr. Darjania is a seasoned and accomplished research and development (“R&D”) professional and program manager with over 26-years’ experience in biotechnology2021, ~~pharmaceutical drug development (both industry~~ and ~~academia) and proven track record of success in developing and directing in-house and collaborative R&D programs~~2020, ~~and forward-thinking strategic planning capabilities. Pursuant to~~ the ~~Agreement the~~ Company ~~has~~recorded ~~agreed~~expenses to ~~compensate~~its ~~Dr.~~officers ~~Darjania an annual base salary of $250,000,~~ and ~~the~~former ~~issuance~~officers ofin ~~200,000 shares of common stock, of which 100,000 vested on~~ the ~~Effective~~following ~~Date and 100,000 vest six (6) months from the Effective Date.~~amounts:

On September 2, 2020, the Company issued 500,000 common shares to SRAX, Inc. (“SRAX”), in exchange for the right to use the SRAX Sequire platform.

	July 31, 2021		July 31, 2020
CEO, parent	$	90,000	$	90,000
Chief Technology Officer		30,000		30,000
Chief Financial Officer		-		4,250
Chief Operating Officer		150,000		22,500
Former CEO, subsidiary		-		75,000
Former President, subsidiary		-		75,000
Former Director		-		7.500
	$	270,000	$	304,250

~~The~~For ~~Company entered into an Equity Financing Agreement (~~the ~~“Financing~~year ~~Agreement”)~~ended ~~dated~~July ~~as of September 13~~31, ~~2020 with GHS Investments~~2021, ~~LLC (“GHS”) for an equity line. Although~~ the ~~Company~~activity is not required to sell shares under the Financing Agreement, the Financing Agreement gives the Company the option to sell to GHS up to $25,000,000 worth of our common stock, in increments, over the period ending on the earlier of (i) the date GHS has purchased an aggregate of $25,000,000 of the Company’s common stock pursuant to the Financing Agreement, or (ii) the date that the registration statement for ~~the~~expenses ~~registration~~recognized ~~of the secondary offering~~ and ~~resale~~payments ~~of the shares~~ to beofficers ~~acquired~~and byformer ~~GHS~~officers ~~pursuant~~as to the Financing Agreement is no longer in effect (the “Open Period”). Concurrently with the execution of the Financing Agreement, the Company issued to GHS 150,857 restricted shares of its Common stock (“Commitment Shares”) to offset transaction costs. The Commitment Shares are deemed earned upon the execution of the Financing Agreement.follows:

The Company will sell shares of its common stock to GHS at a price equal to 100% of the lowest closing price of the Company’s common stock during the ten (10) consecutive trading day period ending on the date on which it delivers a put notice to GHS (the “Market Price”), and the Company will be obligated to simultaneously deliver the number of shares equal to120% of the put notice amount based on the Market Price. In addition, the Financing Agreement (i) imposes an ownership limitation on GHS of 4.99% (i.e., GHS has no obligation to purchase shares if it beneficially owns more than 4.99% of our common stock), (ii) requires a minimum of ten (10) trading days between put notices, and (iii) prohibits any single Put Amount from exceeding $500,000.

	Balance at July 31, 2020		Additions		Payments		Balance at July 31, 2021
CEO, parent	$	90,000	$	90,000	$	-	$	180,000
Chief Technology Officer		15,000		30,000		52,500		(7,500	)
Chief Operating Officer		-		161,179		47,500		113,679
Chief Project Manager		-		162,468		122,000		40.468
Former CEO, subsidiary		67,500		-		-		67,500
Former President, subsidiary		67,500		-		-		67,500
Former Chief Agricultural Officer, subsidiary		27,144		-		-		27,144
Former Director		35,000		-		-		35,000
	$	302,144	$	443,647	$	222,000	$	523,791

FAll of the above amounts are non-15interest ~~Table~~bearing, ofunsecured ~~Contents~~and due on demand, and are presented in accounts payable related parties on the consolidated balance sheets presented herein.

Concurrently therewith, the Company entered into a registration rights agreement with GHS, pursuant to which the Company agreed to file a registration statement with the SEC for the registration of the secondary offering and resale of the shares to be acquired by GHS pursuant to the Financing Agreement and the 150,857 Commitment Shares and to have the registration statement declared effective by the SEC at the earliest possible date. The registration statement was declared effective by the SEC on September 21, 2020.Other

On September 1821, 2020, (the ~~“Effective~~Company ~~Date”)~~issued 50,000 ~~the~~shares ~~Company~~of ~~entered~~common ~~into~~stock ain ~~Placement~~the ~~Agent~~aggregate ~~and~~to ~~Advisory~~two ~~Services~~relatives ~~Agreement~~of our Chief Project Manager (the “~~Placement Agreement~~CPM”) ~~with~~in ~~Boustead~~exchange ~~Securities~~for production equipment, ~~LLC~~pursuant ~~(“BSL”)~~to a Stock Purchase Agreement dated September 3, 2020, with an ~~investment~~effective ~~banking~~date ~~firm~~of ~~that~~January ~~advises~~31, ~~clients~~2020. onThe ~~mergers~~shares ~~and~~were ~~acquisitions,~~valued ~~capital~~at ~~raises~~$51,500 ~~and~~based ~~restructuring~~on ~~assignments~~OTC’s inclosing trade price on the date of the agreement (see Note 8). The Company recognized a ~~wide~~loss ~~array~~of $1,500 on the acquisition of ~~industries~~these ~~and~~fixed ~~circumstances~~assets.

~~The~~F-14 ~~initial~~Table ~~term~~ of this Agreement shall be exclusive for six (6) months from the Company’s delivery of an offering memorandum to BSL (the “Initial Term”). After the Initial Term, the term of the Placement Agreement will automatically be extended for additional successive one (1) year periods unless either party provides written notice to the other party of its intent not to so extend the term at least thirty (30) days before the expiration of the then current term. Under the terms of the Placement Agreement, the Company has agreed to issue to BSL an advisory fee of two hundred fifty thousand (250,000) common stock shares with an issuance date of the Effective Date.Contents

On8. ~~September 23, 2020, the Company issued 250,000 shares of common stock to the Company~~Stockholders’s ~~CEO, pursuant to his agreement dated August 1, 2019 (see Note 10(b)).~~Equity

OnCommon ~~September 23, 2020, the Company issued 200,000 shares of common stock pursuant to a consulting agreement dated July 1, 2020 (see Note 10(g)).~~Stock

OnAs ~~September~~of 23July 31, ~~2020~~2021, the Company ~~issued~~has 50375,000,000 shares toof ~~the~~$0.001 ~~Company’s~~par ~~CFO,~~value ~~pursuant~~common tostock ~~his~~authorized ~~consulting~~and ~~agreement~~there ~~dated~~are ~~February 13~~44,126,138 ~~2020~~shares ~~(see~~of ~~Note~~common ~~10(f))~~stock issued and outstanding.

OnFor ~~September~~the 23year ended July 31, ~~2020~~2021, the Company issued ~~140,000~~the ~~shares~~following ~~of common stock to an independent third party in exchange for production equipment.~~shares:

On September 232, 2020, the Company issued 50500,000 common shares ofto ~~common~~SRAX, ~~stock~~Inc. (“SRAX”), in exchange for the ~~aggregate~~right to ~~two~~use ~~independent~~the ~~third~~SRAX ~~parties~~Sequire platform, pursuant to a Platform Account Contract dated August 4, 2020. The shares were valued at $355,550 based on OTC’s closing trade price on the date of the agreement. The term of the contract was for one year, and accordingly, the Company has included the $355,550 in ~~exchange~~stock-based compensation expense for ~~production~~the ~~equipment~~year ended July 31, 2021.

On September 2313, 2020, and concurrently with the execution of the Financing Agreement, the Company issued into ~~the~~GHS ~~aggregate~~Investments, ~~750~~LLC,~~000~~ 150,857 restricted shares of ~~common~~its Common stock (the “Commitment Shares”) to ~~eight~~offset transaction costs (8see Note 9 (o)). ~~consultants~~The shares were valued at $155,383 based on OTC’s closing trade price on the date of the agreement and were initially recorded as a prepaid expense. As a result of the Company not selling any shares to GHS, and may not occur in the future, the Company recognized $155,383 as stock-based compensation expense for ~~services~~the year ended July 31, 2021.

~~F-16~~On ~~Table~~September 21, 2020, the Company issued 250,000 shares of ~~Contents~~common stock to the CEO of the Company in exchange for consulting services, pursuant to his agreement dated August 1, 2019 (see Note 9 (b)). The shares were valued at $370,000 based on OTC’s closing trade price on the date of the agreement.

On September 21, 2020, the Company issued 100,000 shares of common stock to the Company’s CPM in exchange for consulting services, pursuant to his consulting agreement dated August 1, 2019 (see Note 9 (c)). The shares were valued at $148,000 based on OTC’s closing trade price on the date of the agreement.

On September 21, 2020, the Company issued 100,000 shares of common stock to the Chief Science Officer of the Company pursuant to his employment agreement dated August 1, 2020 (see Note 9 (l)). The shares were valued at $87,250 based on OTC’s closing trade price on the date of the agreement.

On September 21, 2020, the Company issued 25,000 common shares to the Assistant Agricultural Operations Manager of the Company in exchange for consulting services, pursuant to her consulting agreement dated August 1, 2019 (see Note 9 (e)). The shares were valued at $37,000 based on OTC’s closing trade price on the date of the agreement.

On September 21, 2020, the Company issued 200,000 shares of common stock pursuant to a consulting agreement dated July 1, 2020. The value of the shares of $92,000 was recorded against stock payable.

On September 21, 2020 and under the terms of the Placement Agreement dated September 18, 2020, with Boustead Securities LLC (“BSL”), the Company issued to BSL an advisory fee of two hundred fifty thousand (250,000) shares of common stock (see Note 9 (p)). The shares were valued at $187,500 based on OTC’s closing trade price on the date of the agreement.

On September 21, 2020, the Company issued 50,000 shares to the Company’s CFO, pursuant to his consulting agreement dated February 13, 2020 (see Note 9 (i)). The shares were valued at $60,750 based on OTC’s closing trade price on the date of the agreement.

On September 21, 2020, the Company issued 50,000 shares of common stock to a consultant for advice on real estate acquisitions, pursuant to his consulting agreement (see Note 9 (n)). The shares were valued at $58,500 based on OTC’s closing trade price on the date of the agreement.

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On September 21, 2020, the Company issued 125,000 shares of common stock to a consultant for advisory services to the Board of Directors of the Company, pursuant to his consulting agreement (see Note 9 (j)). The shares were valued at $113,750 based on OTC’s closing trade price on the date of the agreement.

On September 21, 2020, the Company issued 125,000 shares of common stock to a consultant for advisory services to the Board of Directors of the Company, pursuant to his consulting agreement (see Note 9 (k)). The shares were valued at $113,750 based on OTC’s closing trade price on the date of the agreement.

On September 21, 2020, the Company issued 100,000 shares of common stock to a consultant for services, pursuant to his agreement dated February 1, 2020 (see Note 9 (h)). The shares were valued at $187,000 based on OTC’s closing trade price on the date of the agreement.

On September 21, 2020, the Company issued 125,000 shares of common stock to a shareholder for advisory services to the Company, pursuant to his consulting agreement August 1, 2019 (see Note 9 (d)). The shares were valued at $185,000 based on OTC’s closing trade price on the date of the agreement.

On September 21, 2020, the Company issued 50,000 shares of common stock in the aggregate to two relatives of our CPM in exchange for production equipment, pursuant to a Stock Purchase Agreement dated September 3, 2020, with an effective date of January 31, 2020. The shares were valued at $51,500 based on OTC’s closing trade price on the date of the agreement.

On September 29, 2020, the Company issued 140,000 shares of common stock to a non-related third party for the purchase of farm vehicles, pursuant to a Stock Purchase Agreement dated July 27, 2020, and effective June 1, 2020. The shares were valued at $137,200 based on OTC’s closing trade price on the effective date of the agreement.

On November 15, 2020, the Company issued 100,000 shares of restricted common stock to a consultant, pursuant to a consulting agreement dated November 15, 2019, for services performed as COO of the Company (see Note 9 (g)). The shares were valued at $200,000 based on OTC’s closing trade price on the effective date of the agreement.

On November 15,2020, the Company issued 125,000 shares of restricted common stock to a consultant, pursuant to a consulting agreement dated August 18, 2020 (see Note 9 (m)). The shares were valued at $75,000 based on OTC’s closing trade price on the issuance date, pursuant to the agreement.

On December 1, 2020, the Company issued 50,000 shares of restricted common stock to a consultant, pursuant to a consulting agreement dated December 1, 2020, for services performed as Corporate Communications Officer of the Company (see Note 9 (q)). The shares were valued at $34,000 based on OTC’s closing trade price on the effective date of the agreement.

On January 15, 2021, the Company issued 100,000 shares of restricted common stock to a consultant, pursuant to a consulting agreement dated January 15, 2021, for services performed (see Note 9 (r)). The shares were valued at $75,000 based on OTC’s closing trade price on the effective date of the agreement.

On February 17, 2021, the Company issued 125,000 shares of restricted common stock to a consultant, pursuant to a consultant agreement dated February 1, 2021, for services performed (see Note 9 (s)). The shares were valued at $113,750 based on OTC’s closing trade price on the effective date of the agreement.

On February 17, 2021, the Company issued 200,000 shares of restricted common stock to a consultant, pursuant to a consultant agreement dated August 1, 2019, for services performed (see Note 9 (c)). The shares were valued at $296,000 based on OTC’s closing trade price on the effective date of the agreement.

On March 11, 2021, the Company recorded the issuance in the aggregate of 60,000 shares of restricted common stock pursuant to an Asset Purchase Agreement between the Company and Castillo (see Note 11) for the purchase of certain assets. The shares were valued at $69,600 based on OTC’s closing trade price on the effective date of the agreement and the Company recorded inventory of $69,400.

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On March 15, 2021, the Company recorded the issuance of 260,000 shares of restricted common stock pursuant to a consultant agreement dated March 15, 2021, for services performed (see Note 9 (x)). The shares were valued at $338,000 based on OTC’s closing trade price on the effective date of the agreement.

On June 8, 2021, the Company issued 75,000 shares of restricted common stock pursuant to a consulting agreement dated May 1, 2021, for services (see Note 9 (ac)). The shares were valued at $97,500 based on OTC’s closing trade price on the date of the agreement.

On June 8, 2021, the Company issued 125,000 shares of common stock to the CEO of the Company in exchange for consulting services, pursuant to his agreement dated August 1, 2019 (see Note 9 (b)). The shares were valued at $185,000 based on OTC’s closing trade price on the date of the agreement.

On June 8, 2021, the Company issued 100,000 shares of restricted common stock to a consultant, pursuant to a consulting agreement dated November 15, 2019 (see Note 9 (g), for services performed as COO of the Company. The shares were valued at $200,000 based on OTC’s closing trade price on the effective date of the agreement.

On June 8, 2021, the Company issued 100,000 shares of common stock to the Chief Science Officer of the Company pursuant to his employment agreement dated August 1, 2020 (see Note 9 (l)). The shares were valued at $87,250 based on OTC’s closing trade price on the date of the agreement.

On June 8, 2021, the Company issued 50,000 shares of common stock to a non-related party consultant in exchange for consulting services pursuant to a February 1, 2021 agreement (see Note 9 (u)). The shares were valued at $44,500 based on OTC’s closing trade price on the date of the agreement.

On June 8, 2021, the Company issued 12,500 shares of common stock to a non-related party consultant in exchange for consulting services pursuant to a March 1, 2021 agreement (see Note 9 (v)). The shares were valued at $15,125 based on OTC’s closing trade price on the date of the agreement.

On June 8, 2021, the Company issued 100,000 shares of common stock to a non-related party consultant in exchange for consulting services pursuant to a March 15, 2021 agreement (see Note 9 (ab)). The shares were valued at $130,000 based on OTC’s closing trade price on the date of the agreement.

On June 8, 2021, the Company issued 100,000 shares of common stock to a non-related party consultant in exchange for consulting services pursuant to a March 15, 2021 agreement (see Note 9 (y)). The shares were valued at $130,000 based on OTC’s closing trade price on the date of the agreement.

On June 8, 2021, the Company issued 100,000 shares of common stock to a non-related party consultant in exchange for consulting services pursuant to a March 15, 2021 agreement (see Note 9 (z)). The shares were valued at $130,000 based on OTC’s closing trade price on the date of the agreement.

On June 8, 2021, the Company issued 50,000 shares of common stock to a non-related party consultant in exchange for consulting services pursuant to a March 15, 2021 agreement (see Note 9 (aa)). The shares were valued at $65,000 based on OTC’s closing trade price on the date of the agreement.

On June 8, 2021, the Company issued 25,000 shares of common stock to a non-related party consultant in exchange for consulting services pursuant to a March 15, 2021 agreement. The shares were valued at $32,500 based on OTC’s closing trade price on the date of the agreement.

On June 8, 2021, the Company issued 100,000 shares of restricted common stock to a consultant, pursuant to a consulting agreement dated November 15, 2019 (see Note 9 (g)), for services performed as COO of the Company. The shares were valued at $200,000 based on OTC’s closing trade price on the effective date of the agreement.

On June 8, 2021, the Company issued 50,000 shares of restricted common stock to a consultant, pursuant to a consulting agreement dated December 1, 2020 (see Note 9 (q)), for services performed as Corporate Communications Officer of the Company. The shares were valued at $34,000 based on OTC’s closing trade price on the effective date of the agreement.

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Common Stock to be issued

On November 15, 2019, the Company agreed to issue 100,000 common shares to a former Independent Director of the Company, William Creekmur, in exchange for consulting services. The shares were valued based on OTC’s closing trade price on the date of the agreement. The Company issued 50,000 of the shares on April 20, 2020. The remaining 50,000 shares valued at $100,000 have not been issued and are included in Stock payable as of July31, 2021, and 2020.

During the year ended July 31, 2021, the Company sold 356,000 shares of common stock at $2.00 per share for proceeds of $712,000. The shares were not issued as of July 31, 2021 and $712,000 is included in Stock payable as of July 31, 2021. The Company also issued warrants to purchase 356,000 shares of common stock at an exercise price of $3.00 per share, with an expiration date on the second anniversary of the date of issuance.

Warrants

In July 2021, in conjunction with sale of common stock to be issued, the Company issued warrants (the “Warrants”) to purchase 356,000 shares of common stock. The Warrants have an exercise price of $3,00 per share and an expiration date on the second- year anniversary of their issuance. A summary of the Company’s warrant activity and related information for the eyer ended July 31, 2021 is as follows:

	Number of Warrants		Weighted average exercise price
Outstanding beginning of year		-	$	-
Granted		356,000	$	3.00
Outstanding and exercisable, end of year		356,000	$	3.00

9. Commitments/Contingencies

	(a)	On September 1, 2018, the Company entered into a consulting agreement with the CTO, Jeff Palumbo, whereby the Company agreed to pay a consulting fee of $2,500 per month for a period of two years commencing August 1, 2018. The agreement can be extended to four years upon mutual agreement. Upon completion of a minimum $1,000,000 financing, the Company will increase this payment to $5,000 per month. Upon completion of a minimum $5,000,000 financing or profitable operations, the Company will increase this payment to an amount mutually agreed upon that reflects the market rate for services provided by the CTO.

	(b)	On August 1, 2019, the Company entered into a consulting agreement with the CEO of the Company, Ron Loudoun, whereby the Company agreed to pay a consulting fee of $7,500 per month for a period of three years and pursuant to which, the Company agreed to issue the CEO 250,000 shares of common stock of the Company annually. The Company recorded expenses of $90,000 for the years ended July 31, 2021 and 2020, respectively. Pursuant to the agreement, during the year ended July 31, 2021, the Company issued 375,000 shares of restricted common stock.

	(c)	On August 1, 2019, the Company entered into a consulting agreement with the Chief Project Manager, Greg Stinson, whereby the Company agreed to pay a signing bonus of $15,000 and a consulting fee of $7,500 per month for a period of five years. Pursuant to the agreement, the Company also agreed to annually issue to the Consultant 200,000 shares of common stock of the Company. Pursuant to the agreement, during the year ended July 31, 2021, the Company issued 300,000 shares of restricted common stock.

	(d)	On August 1, 2019, the Company entered into a consulting agreement with a shareholder. Pursuant to the agreement, the consultant will provide general advisory services, strategic planning advice and support. The Company agreed to issue to the consultant 125,000 shares of restricted common stock of the Company on the one- year anniversary of the agreement. The shares were issued September 21, 2020.

	(e)	On August 1, 2019, the Company entered into a consulting agreement with the Assistant Agricultural Operations Manager, Carol Snyder, whereby the Company agreed to pay a signing bonus of $4,000 and a consulting fee of $2,000 per month for a period of year. At the end of the six-month period, the Company may evaluate the performance with regards to an extension of the agreement. Pursuant to the agreement, the Company is to issue the Consultant 25,000 shares of common stock of the Company. Pursuant to the agreement, during the year ended July 31, 2021, the Company issued 25,000 shares of restricted common stock.

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	(f)	On November 15, 2019, the Company agreed to issue 100,000 common shares to a former Independent Director of the Company, William Creekmur, in exchange for consulting services. The shares were valued based on OTC’s closing trade price on the date of the agreement. The Company issued 50,000 of the shares on April 20, 2020. The remaining 50,000 shares valued at $100,000 have not been issued and are included in Stock payable as of July31, 2021, and 2020.

	(g)	On November 15, 2019, the Company entered into a consulting agreement with Kyle MacKinnon. Pursuant to the agreement, the consultant is to fulfill the role of Chief Operating Officer (the “COO”) of the Company. The Company agreed to compensate the consultant $7,500 per month and issue 200,000 shares of restricted common stock annually. Each year, the first 100,000 shares are to be issued on the effective date and subsequent anniversary dates and an additional 100,000 shares are to be issued six (6) months thereafter. Pursuant to the agreement. during the year ended July 31, 2021, the Company issued 300,000 shares of restricted common stock.

	(h)	On February 1, 2020, the Company entered onto a consulting agreement with David Racz as an advisor to the Board of Directors of the Company. Pursuant to the agreement, the consultant is to provide among other matters, strategic planning and general advisory services. The Consultant is to be issued 100,000 shares of restricted common stock, of which 50,000 were due on the effective date. On September 21, 2020, the Company issued 100,000 shares of restricted common stock and recorded stock compensation expense of $187,000 for the year ended July 31, 2021, based on the market price of the common stock on the date of the agreement.

	(i)	On February 13, 2020, the Company entered into a six-month consulting agreement with the CFO of the Company, Todd Mueller, whereby the Company agreed to pay a consulting fee of 100,000 shares, 50,000 shares would be delivered upon the execution of the agreement (certificated on July 14, 2020) and 50,000 delivered in six months based on the continuation of the agreement. Following the initial term, the Company and the consultant may extend the term for up to 5 years on similar terms and conditions by further agreement in writing to that effect. The Company may terminate this agreement for any reason prior to the expiry of this agreement with 30-day notice and full vesting of stock or stock options for the period of engagement. The consultant may end this agreement with 30 days written notice prior to the end of the term. On September 21, 2020, the Company issued 50,000 shares of restricted common stock.

	(j)	On July 23, 2020, the Company entered onto a consulting agreement with Joseph D. Kowal as an advisor to the Board of Directors of the Company. Pursuant to the agreement, the consultant is to provide among other matters, general advisory services, strategic planning and financial planning services. The consultant is to receive a monthly fee of $6,000 and to be issued 500,000 shares of restricted common stock. The shares are to be issued in quarterly installments of 125,000 beginning on the effective date and every 90 days thereafter. The initial 125,000 shares were issued on September 21, 2020. Pursuant to the terms of the agreement, the Company terminated the agreement on October 21, 2020. As of the termination date, there are no additional shares due to the Consultant.

	(k)	On July 23, 2020, the Company entered onto a consulting agreement with Ralph Olson as an advisor to the Board of Directors of the Company. Pursuant to the agreement, the consultant is to provide among other matters, general advisory services, strategic planning and financial planning services. The consultant is to receive a monthly fee of $6,000 and to be issued 500,000 shares of restricted common stock. The shares are to be issued in quarterly installments of 125,000 beginning on the effective date and every 90 days thereafter. The initial 125,000 shares were issued on September 21, 2020. Pursuant to the terms of the agreement, the Company terminated the agreement on October 21, 2020. As of the termination date, there are no additional shares due to the consultant.

	(l)	Effective August 1, 2020, the Company entered into an employment agreement with Dr. Levan Darjania, PhD as the Company’s Chief Science Officer. Dr. Darjania is a seasoned and accomplished research and development (“R&D”) professional and program manager with over 26-years’ experience in biotechnology, pharmaceutical drug development (both industry and academia) and proven track record of success in developing and directing in-house and collaborative research and development programs, and forward-thinking strategic planning capabilities. Pursuant to the agreement the Company has agreed to compensate Dr. Darjania an annual base salary of $250,000, and the issuance of 200,000 shares of common stock, of which 100,000 vested on the effective date and 100,000 vested six (6) months from the effective date. Pursuant to the agreement, during the year ended July 31, 2021, the Company issued 200,000 shares of restricted common stock.

	(m)	On August 18, 2020, the Company entered into a one-year consulting agreement with a non-related third party. Pursuant to the terms of the agreement; the consultant will provide assistance in the Company’s public reporting responsibilities and other matters as may be requested by the Board of Directors of the Company. The Company has agreed to compensate the consultant $5,000 per month and after ninety (90) days issue the consultant $75,000 of restricted common stock, based on the market price of the common stock on that date. On November 15, 2020, the Company issued 125,000 shares of restricted common stock to the consultant, based on the price of $0.60 per share.

	(n)	On September 1, 2020, the Company entered into a one- year consulting agreement with a consultant to provide advice on real-estate acquisitions. On September 21, 2020, pursuant to the terms of the agreement, the Company issued 50,000 shares of restricted common stock to the consultant.

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	(o)	On September 13, 2020, the Company entered into an Equity Financing Agreement (the “Financing Agreement”) with GHS Investments, LLC (“GHS”) for an equity line. Although the Company is not required to sell shares under the Financing Agreement, the Financing Agreement gives the Company the option to sell to GHS up to $25,000,000 worth of our common stock, in increments, over the period ending on the earlier of (i) the date GHS has purchased an aggregate of $25,000,000 of the Company’s common stock pursuant to the Financing Agreement, or (ii) the date that the registration statement for the registration of the secondary offering and resale of the shares to be acquired by GHS pursuant to the Financing Agreement is no longer in effect (the “Open Period”). Concurrently with the execution of the Financing Agreement, on September 13, 2020, the Company issued to GHS 150,857 restricted shares of its Common stock (“Commitment Shares”) to offset transaction costs. The Commitment Shares are deemed earned upon the execution of the Financing Agreement. The Company valued the shares at $155,383, based on OTC’s closing trade price on the date of the agreement. The Company has not sold and does not plan to sell any shares of common stock to GHS and therefore has recorded $155,383 as stock-based compensation for the year ended July 31, 2021.

		The Company will sell shares of its common stock to GHS at a price equal to 100% of the lowest closing price of the Company’s common stock during the ten (10) consecutive trading day period ending on the date on which it delivers a put notice to GHS (the “Market Price”), and the Company will be obligated to simultaneously deliver the number of shares equal to120% of the put notice amount based on the Market Price. In addition, the Financing Agreement (i) imposes an ownership limitation on GHS of 4.99% (i.e., GHS has no obligation to purchase shares if it beneficially owns more than 4.99% of our common stock), (ii) requires a minimum of ten (10) trading days between put notices, and (iii) prohibits any single Put Amount from exceeding $500,000.

		Concurrently therewith, the Company entered into a registration rights agreement with GHS, pursuant to which the Company agreed to file a registration statement with the SEC for the registration of the secondary offering and resale of the shares to be acquired by GHS pursuant to the Financing Agreement and the 150,857 Commitment Shares and to have the registration statement declared effective by the SEC at the earliest possible date. The registration statement was declared effective by the SEC on September 21, 2020.

	(p)	On September 18, 2020, the Company entered into a Placement Agent and Advisory Services Agreement (the “Placement Agreement”) with Boustead Securities, LLC (“BSL”), an investment banking firm that advises clients on mergers and acquisitions, capital raises, and restructuring assignments in a wide array of industries and circumstances.

		The initial term of this agreement shall be exclusive for six (6) months from the Company’s delivery of an offering memorandum to BSL. After the initial term, the term of the Placement Agreement will automatically be extended for additional successive one (1) year periods unless either party provides written notice to the other party of its intent not to so extend the term at least thirty (30) days before the expiration of the then current term. Under the terms of the Placement Agreement, the Company issued to BSL an advisory fee of two hundred fifty thousand (250,000) shares of restricted common stock on September 21, 2020. The Company valued the shares at $187,500, based on OTC’s closing trade price on the date of the agreement and recorded the amount as stock-based compensation for the year ended July 31, 2021.

	(q)	On December 1, 2020, the Company entered onto a consulting agreement with Heidi Thomassen. Pursuant to the agreement, the consultant is to fulfill the role of Chief Communications Officer (the “CCO”) of the Company. The Company agreed to compensate the consultant $5,000 per month and issue 100,000 shares of restricted common stock annually. Each year, the first 50,000 shares are to be issued on the effective date and subsequent anniversary dates and an additional 50,000 shares are to be issued six (6) months thereafter. The Company issued the initial 50,000 shares of restricted common stock on the effective date.

	(r)	On January 15, 2021, the Company entered into a consulting agreement with a non-related third party (the “Consultant”). Pursuant to the terms of the agreement; the Consultant, among other matters, will provide services to the Company related to reviewing, analyzing and assessing the Company’s financial requirements. The Company has agreed to compensate the Consultant 200,000 shares of restricted common stock. The first 100,000 shares were issued on the effective date and the remaining 100,000 shares are to be issued at the beginning of the third month from the effective date. The Company issued 100,000 during the year ended July 31, 2021.

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	(s)	On February 1, 2021, the Company entered into a consulting agreement with Ralph Olson as an advisor to the Board of Directors of the Company. Pursuant to the agreement, the consultant is to provide among other matters, general advisory services, strategic planning and support. The consultant is to receive a monthly fee of $6,000 and to be issued 125,000 shares of restricted common stock. The shares were issued during the year ended July 31, 2021.

	(t)	On February 1, 2021, the Company entered into a six- month consulting agreement with Daniel Claycamp as an advisor to the Board of Directors of the Company. Pursuant to the agreement, the consultant is to provide among other matters, general advisory services, strategic planning and support. The consultant is to be issued 100,000 shares of restricted common stock, of which 50,000 shares were due upon the signing of the agreement and 50,000 shares to be issued on the six- month anniversary of the agreement. During the year ended July 31, 2021, the Company issued the initial 50,000 shares as stock compensation expense of $44,500 for the year ended July 31, 2021, based on the market price of the common stock on the date of the agreement.

	(u)	On February 1, 2021, the Company entered into a six- month consulting agreement with Jason Smithson as an advisor to the Board of Directors of the Company. Pursuant to the agreement, the consultant is to provide among other matters, general advisory services, strategic planning and support. The consultant is to be issued 25,000 shares of restricted common stock. During the year ended July 31, 2021, the Company issued the 25,000 shares as stock compensation expense of $32,500 for the year ended July 31, 2021, based on the market price of the common stock on the date of the agreement.

	(v)	On March 1, 2021, the Company entered into a consulting agreement with Scott Skyler. Pursuant to the agreement, the consultant is to fulfill the role of Project Manager, Processing Division of the Company. The Company agreed to compensate the consultant $75 per hour and issue 25,000 shares of restricted common stock annually. Each year, the first 12,500 shares are to be issued on the effective date and subsequent anniversary dates and an additional 12,500 shares are to be issued six (6) months thereafter. During the year ended July 31, 2021, the Company issued 12,500 shares as stock compensation expense of $15,125 for the year ended July 31, 2021, based on the market price of the common stock on the date of the agreement.

	(w)	On March 10, 2021, the Company entered into a consulting agreement with a non-related third party (the “Consultant”). Pursuant to the terms of the agreement; the Consultant, among other matters, will provide services to the Company related to reviewing, analyzing and assessing the Company’s financial requirements. The Company has agreed to compensate the Consultant or its designees, 200,000 shares of restricted common stock. During the year ended July 31, 2021, the Company issued 200,000 shares as stock compensation expense of $206,000 for the year ended July 31, 2021, based on the market price of the common stock on the date of the agreement.

	(x)	On March 15, 2021, the Company entered into a consulting agreement with Ron Frank as an advisor to the Board of Directors of the Company. Pursuant to the agreement, the consultant is to provide among other matters, general advisory services, strategic planning and support. The consultant is to be issued 260,000 shares of restricted common stock. During the year ended July 31, 2021, the Company issued 260,000 shares as stock compensation expense of $338,000 for the year ended July 31, 2021, based on the market price of the common stock on the date of the agreement.

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	(y)	On March 15, 2021, the Company entered into a consulting agreement with Dylan Piccolo as an advisor to the Board of Directors of the Company. Pursuant to the agreement, the consultant is to provide among other matters, general advisory services, strategic planning and support. The consultant is to be issued 100,000 shares of restricted common stock. During the year ended July 31, 2021, the Company issued 100,000 shares as stock compensation expense of $130,000 for the year ended July 31, 2021, based on the market price of the common stock on the date of the agreement.

	(z)	On March 15, 2021, the Company entered into a consulting agreement with David Mapley as an advisor to the Board of Directors of the Company. Pursuant to the agreement, the consultant is to provide among other matters, general advisory services, strategic planning and support. The consultant is to be issued 100,000 shares of restricted common stock. The consultant is to be issued 100,000 shares of restricted common stock. During the year ended July 31, 2021, the Company issued 100,000 shares as stock compensation expense of $130,000 for the year ended July 31, 2021, based on the market price of the common stock on the date of the agreement.

	(aa)	On March 15, 2021, the Company entered into a consulting agreement with Biome Sciences, Inc as a Scientific Advisory Board Member of the Company. Pursuant to the agreement, the consultant is to provide among other matters, general advisory services, strategic planning and support. The consultant is to be issued 100,000 shares of restricted common stock, of which 50,000 shares are to be issued on the date of the agreement and 50,000 shares are to be issued on the six- month anniversary of the agreement. During the year ended July 31, 2021, the Company issued 50,000 shares as stock compensation expense of $65,000 for the year ended July 31, 2021, based on the market price of the common stock on the date of the agreement.

	(ab)	On March 15, 2021, the Company entered into a consulting agreement with Matthew Schwaigert. Pursuant to the agreement, the consultant is to fulfill the role of Director of Cultivation of the Company. The Company agreed to compensate the consultant $7,500 per month and issue 100,000 shares of restricted common stock upon the execution of the agreement and 100,000 shares of restricted common stock on the six-month anniversary of the agreement. During the year ended July 31, 2021, the Company issued 100,000 shares as stock compensation expense of $130,000 for the year ended July 31, 2021, based on the market price of the common stock on the date of the agreement.

	(ac)	On May 1, 2021, the Company entered into a consulting agreement with Patrick Kolenik as an advisor to the Board of Directors of the Company. Pursuant to the agreement, the consultant is to provide among other matters, general advisory services, strategic planning and support. During the year ended July 31, 2021, the Company issued 75,000 shares as stock compensation expense of $97,500 for the year ended July 31, 2021, based on the market price of the common stock on the date of the agreement.

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There is currently no pending or threatened litigation.

10. Sales concentration

For the year ended July 31, 2021, 100% of our revenue of $40,954 is from the land use rental income from SDGE (see Note 2). SDGE vacated the property in October 2020.

11. Asset Purchase Agreements

Primordia Asset Purchase Agreement

On March 2, 2021, the Company entered into an Asset Purchase Agreement (the “Primordia APA”) with Primordia, LLC (“Primordia”), a Nevada limited liability company. Pursuant to the Primordia APA, the Company acquired from Primordia certain assets for the purchase price of $431,137. The Company paid Primordia $25,000 and issued a $406,137 Promissory Note (the “Note”). The Note matures March 2, 2022, and carries a per annum interest rate of 4.75%.

Consideration given:

Cash	$	25,000
Promissory note		406,137
Total consideration	$	431,137

Assets acquired:
Asset cluster	$	431,137
Total assets acquired	$	431,137

The Company did not buy an employee base or a significant process. The company had acquired intangible assets and inventory but determined the inventory was defective and there was no value with any associated intangibles so as a result the full value represents the fixed assets acquired that are called the asset cluster. The asset cluster is being amortized over a five year period straight line based upon the asset type and weighted average estimated useful life. There are no sales or costs included in the consolidated statement of operations for the year ended July 31, 2021.

Castillo Asset Purchase Agreement

On March 15, 2021, the Company entered into an Asset Purchase Agreement (the “Castillo APA”) with Castillo Seed L.L.C. (“Castillo”), a Puerto Rico limited liability company. Pursuant to the Castillo APA, the Company acquired from Castillo certain assets per the Castillo APA in exchange for 60,000 shares of restricted common stock.

Consideration given:
60,000 shares of common stock values at $1.16 per share	$	69,400
Assets acquired:
Inventory	$	69,400

This is an asset purchase that consisted of inventory only. As of July 31, 2021, management has determined that the inventory is impaired and has included $69,400 in inventory impairment expense for the year ended July 31 2021. There are no sales or costs included in the consolidated statement of operations for the year ended July 31, 2021.

Admay Asset Purchase Agreement

On April 14, 2021, the Company entered into an Asset Purchase Agreement (the “Admay APA”) with Admay, Inc (“Admay”), a Wyoming company. Pursuant to the Admay APA, the Company can acquire from Admay certain assets per the APA in exchange for up to $2,822,000 (the “Purchase Price”). The Purchase Price will be a combination of cash and restricted shares of common stock of the Company. On April 15, 2021, the APA was consummated and the Company paid $10,000 and agreed to pay $162,400 for the inventory purchase (the “Initial Purchase”). Additionally, the Company agreed to pay $25,000 to a third- party for the trademarks of the brands American Hemp and Diablo (related to hemp cigarettes only). The $25,000 was paid by a related party and is included in Due to related party on the consolidated balance sheets presented herein. The Company is not obligated to buy any additional inventory. As of July 31, 2021, the Company had paid $3,000 of the Initial Purchase.

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Consideration given:
Cash to Admay	$	10,000
Payable to related party		25,000
Commitment payable to Admay		162,400
Total consideration	$	197,400

Assets Acquired:
Inventory	$	172,400
Intangible assets (trademarks)		25,000
Total assets acquired	$	197,400

This purchase did not include a significant process, customer base or employees and was considered an asset purchase for the brand names and actual cigarettes that were impaired due to the lack of sales and aging product. Intangible assets are recorded at estimated fair value, as determined by management based on available information. The brand has an indefinite life and will not be amortized. As of July 31, 2021, management determined that the inventory was impaired and has included $172,400 in inventory impairment expense for the year ended July 31 2021. There are no sales or costs included in the consolidated statement of operations for the year ended July 31, 2021.

12. Income Taxes

The Company has net operating losses carried forward of $21,357,341 available to offset taxable income in future years which commence expiring in fiscal 2028.

The Company is subject to United States federal and state income taxes at an approximate rate of 21%. The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows:

	July 31, 2021			July 31, 2020
Income tax recovery at statutory rate	$	(1,762,182	)	$	(1,622,931	)
Change in enacted tax rates		-			-
Change in valuation allowance		1,762,182			1,622,931
Provision for income taxes	$	-		$	-

The significant components of deferred income tax assets and liabilities as of July 31, 2021, and 2020, are as follows:

	July 31, 2021			July 31, 2020
Net operating losses carryforward	$	4,485,041		$	2,722,859
Valuation allowances		(4,485,041	)		(2,722,859	)
Net deferred income tax asset	$	-		$	-

The 2017 Act reduces the corporate tax rate from 34% to 21% for tax years beginning after December 31, 2017. For net operating losses arising after December 31, 2017, the 2017 Act limits a taxpayer’s ability to utilize net operating losses carryforwards to 80% of taxable income. In addition, net operating losses arising after 2017 can be carried forward indefinitely, but carryback is generally prohibited. Net operating losses generated in tax years beginning before January 1, 2018 will not be subject to the taxable income limitation. The 2017 Act would generally eliminate the carryback of all net operating losses arising in a tax year ending after 2017 and instead would permit all such net operating losses to be carried forward indefinitely.

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13. Subsequent Events

On August 20, 2021, Green Hygienics Properties, LLC (“GHP”) executed a Purchase and Sale Agreement (the “PSA”) to acquire 95,625+- acres, located in Lincoln County, North Carolina (the “Lincoln Property”). The Company is the sole member of GHP, and Mr. Loudoun, the Company’s CEO is the Manager of GHP. The property located just outside of Charlotte, North Carolina, includes approximately 170,000 square feet of industrial buildings. The Company plans to utilize the Lincoln Property to launch its industrial hemp manufacturing division, with a goal to produce hemp derived food grade products and fiber for textiles. North Carolina leads the nation in total value of textile manufacturing and exports with over $2 billion in textile exports in 2019. Pursuant to the PSA, the closing for the purchase of the Lincoln Property is to occur on or before November 30, 2021, subject to due diligence, for a cash payment of $2,400,000, of which $25,000 has been put into an escrow account.

On September 22, 2021, the Company announced the offering of a green bond exclusively in Europe (the “Offering”) in the principal amount of US$100 million. The Offering is issued for a five-year term with a yield of 7.25%, is not convertible, does not include warrants and is expected to close on or about Nov 30, 2021, subject to the satisfaction of certain customary closing conditions.

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Item 9. Changes in and Disagreements with Accountants on Financial Disclosure

None.

Item 9A. Controls and Procedures

Management’s Report on Disclosure Controls and Procedures

Management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)). The Company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. Under the supervision and with the participation of management, including the Chief Executive Officer and Chief Financial Officer, the Company conducted an evaluation of the effectiveness of the Company’s internal control over financial reporting as of July 31, 2020 using the criteria established in “Internal Control - Integrated Framework” issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”).

A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis. In its assessment of the effectiveness of internal control over financial reporting as of July 31, ~~2020~~2021, the Company determined that there were control deficiencies that constituted material weaknesses, as described below.

We do not have an Audit Committee – While not being legally obligated to have an audit committee, it is the management’s view that such a committee, including a financial expert member, is an utmost important entity level control over the Company’s financial statement. Currently, the Board of Directors acts in the capacity of the Audit Committee and does not include a member that is considered to be independent of management to provide the necessary oversight over management’s activities.

2. We did not maintain appropriate cash controls – As of July 31, ~~2020~~2021, the Company has not maintained sufficient internal controls over financial reporting for the cash process, including failure to segregate cash handling and accounting functions, and did not require dual signature on the Company’s bank accounts.

3. We did not implement appropriate information technology controls – As at July 31, ~~2019~~2021, the Company retains copies of all financial data and material agreements; however, there is no formal procedure or evidence of normal backup of the Company’s data or off-site storage of data in the event of theft, misplacement, or loss due to unmitigated factors.

The Company has no formal control process related to the identification and approval of related party transactions.

Accordingly, the Company concluded that these control deficiencies resulted in a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis by the Company’s internal controls.

As a result of the material weaknesses described above, management has concluded that the Company did not maintain effective internal control over financial reporting as of July 31, ~~2020~~2021 based on criteria established in Internal Control—Integrated Framework issued by COSO.

Changes in Internal Control over Financial Reporting

There has been no change in our internal control over financial reporting identified in connection with our evaluation we conducted of the effectiveness of our internal control over financial reporting as of July 31, ~~2020~~2021, that occurred during our fourth fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

This annual report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to temporary rules of the SEC that permit the Company to provide only management’s report in this annual report.

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PART III

Item 10. Directors, Executive Officers and Control Persons

The names, ages and titles of our executive officers and director are as follows:

Name	Age	Position
Ronald Loudoun	5758	Chief Executive Officer, President and director, June 1, 2017
Todd Mueller	5960	Chief Financial Officer, February 15, 2020
Jeff Palumbo	3940	Chief Technology Officer, August 30, 2019
Kyle MacKinnon	4041	Chief Operating Officer, November 15, 2019
Jerry Halamuda	7071	Senior Vice President, Agriculture Division, November 15, 2019
John Gildea	4849	Senior Vice President, Corporate Development, November 15, 2019

Ronald Loudoun

President Chief Executive Officer and director

Mr. Loudoun has served as our President, Chief Executive Officer, Chief Financial Officer and director since June 1, 2017. Mr. Loudoun is a successful business strategist with more than 25 years of experience as a real estate agent and in business administration. For the seven years prior to this, Mr. Loudoun was a founder and director of Archer Cleantech Inc., a renewable energy project company based in Canada and pursuing projects abroad. The responsibilities included sourcing and identifying renewable project opportunities and negotiating related land leases and advancing the associated business development. Prior to this time, Mr. Loudoun was a licensed realtor historically and was involved in commercial property sales and development. In addition, from December 5, 2017 through January 30, 2018, for a period of fifty-five days, Mr. Loudoun served as an officer and director of Verde Science, Inc. Mr. Loudoun graduated with a Diploma of Administrative Management from BCIT in 1983 with an elective in Real Estate. He possesses an excellent background in new business development, multi-site operations, performance/quality improvement, administration and long-term planning. He has maintained a longstanding interest in both communicating the need for and sourcing new methods for conscious minded development and growth. Recognized as an astute and persuasive negotiator, Mr. Loudoun has a reputation for honesty and integrity and has the ability to successfully balance the risks of continual change and innovation through disciplined implementation. Capitalizing on his exceptional leadership qualities, out of the box thinking and real estate development expertise, Ron continues to develop innovative ideas that add significant value to any organization in which he is involved.

Todd Mueller

Chief Financial Officer

Mr. Mueller has served as our Chief Financial Officer since February 15, 2020. Prior to joining the Company, Mr. Mueller served as a fractional executive officer for his clientele for the past 16 years. During that time as a fractional executive officer, he accepted the Chief Financial Officer position with LifeMed Alaska, a medevac company held by two independent hospital systems from 2013 to 2015. LifeMed was previously a client of Mr. Mueller’s services. Prior to providing fractional services, Todd was Chief Financial Officer for USA Capital, LLC, a privately held equipment leasing company from 1998 to 2003. Mr. Mueller was the Corporate Controller for Asset Investors Corporation, a NYSE publicly held real estate investment trust from 1990 to 1997 and Director of Finance for Skyworld Airlines, a NASDAQ publicly held charter airline and travel club from 1987 to 1989. He worked for two nationally and internationally ranked CPA firms auditing both private and publicly held companies upon graduating from Wartburg College and earned a BA in Accounting and Business Management in 1983.

~~Jeff~~28 ~~Palumbo~~Table of Contents

~~Chief~~Jeff ~~Technology Officer~~Palumbo

~~Mr. Palumbo has served as our~~ Chief Technology Officer since August 30, 2018. Mr. Palumbo is an active entrepreneur with knowledge of technology and a passion for philanthropy which has led to his success in creating multiple platforms that empower publishers and merchants and engage consumers. For the past 20 years, he has extensive experience starting companies in the areas of entertainment, live streaming, augmented reality, virtual reality, development and Internet marketing. Mr. Palumbo is the founder of Y!RM/AMAZE, a celebrity fan engagement platform that leverages live streaming and augmented reality technologies to connect celebrities and fans together while also raising money for worthy causes. He has also developed platforms for several Fortune 1000 companies and continues to provide them with technology guidance. Mr. Palumbo is a mentor at a Top 10 U.S. technology incubator and another Virginia start-up community where he advises early-stage companies.

22Mr. ~~Table~~Palumbo has served as our Chief Technology Officer since August 30, 2018. Mr. Palumbo is an active entrepreneur with knowledge of ~~Contents~~technology and a passion for philanthropy which has led to his success in creating multiple platforms that empower publishers and merchants and engage consumers. For the past 20 years, he has extensive experience starting companies in the areas of entertainment, live streaming, augmented reality, virtual reality, development and Internet marketing. Mr. Palumbo is the founder of Y!RM/AMAZE, a celebrity fan engagement platform that leverages live streaming and augmented reality technologies to connect celebrities and fans together while also raising money for worthy causes. He has also developed platforms for several Fortune 1000 companies and continues to provide them with technology guidance. Mr. Palumbo is a mentor at a Top 10 U.S. technology incubator and another Virginia start-up community where he advises early-stage companies.

Kyle MacKinnon

Chief Operating Officer

Mr. MacKinnon has served as our Chief Operating Officer since November 15, 2019. Bringing to the table a multi-faceted and in-depth understanding of the CBD Industry, including vast knowledge of cannabis processing, Kyle will assist the company in all facets of day to day business operations. Previously, as the Business Development Manager for Advanced Extraction, a leader in CO2 Supercritical Fluid extraction systems, Kyle built relationships with some of the largest Cannabis companies in the world and helped to guide the company through rapid growth and regulatory challenges in the technology and processing sectors of the Cannabis industry. Mr. MacKinnon has been a licensed realtor in Toronto and has managed a personal real estate portfolio with holdings in multiple Countries. He has also owned his own import business, Danbury Imports. Kyle is a graduate of St. Mary’s University in Halifax, Nova Scotia, Canada. He graduated with a Bachelor of Commerce Degree and was the recipient of the Entrepreneur of the Year Award.

Jerry Halamuda

Senior Vice President, Agriculture Division

Mr. Halamuda has served as our Senior Vice President, Agriculture Division, since November 15, 2019. Over his extensive career in the agri/horticulture space, Mr. Halamuda has founded, managed and operated multiple successful companies. The most prominent of these businesses was Color Spot Nurseries, which he founded and acted as CEO, COO and president over a span of 37 years. Color Spot operated over 6,000 acres in multiple states, including 20 million feet of greenhouses, and employed a staff of over 5,000, all of which led to a business with an annual turnover in excess of $300 million. Halamuda brings a wealth of industry and management experience; his knowledge and expertise at scaling businesses will be a key component as he leads the growth of GRYN’s Agriculture Division.

John Gildea

Senior Vice President, Corporate Development

Mr. Gildea has served as our Senior Vice President, Corporate Development, since November 15, 2019. Mr. Gildea has more than 20 years of experience in the public and private markets. His expertise includes structuring, negotiating and effecting private and public financings and mergers and acquisitions, as well as marketing, public and investor relations. Through the course of his career, Gildea established a trusted and extensive network of equity and capital partners, with whom he has maintained successful and proven relationships over the years, resulting in multiple uplistings to higher exchanges and capital raises.

Director Qualifications

We considered Mr. Loudoun’s prior experience as a successful business strategist and in real estate, including his prior experience with Archer Cleantech, Inc., other renewable project opportunities, as well as experience with other start-up businesses and real estate development as important factors in concluding that he was qualified to serve as one of our directors.

~~Term~~29 Table of ~~Office~~ Contents

~~Our~~Term ~~directors are appointed to hold office until the next annual meeting~~ of ~~our~~Office stockholders or until a successor is qualified and elected, or until he resigns or is removed in accordance with the provisions of the State of Nevada Statutes. Our officers are appointed by our Board of Directors and hold office until removed by the Board.

~~Family~~Our ~~Relationships~~directors are appointed to hold office until the next annual meeting of our stockholders or until a successor is qualified and elected, or until he resigns or is removed in accordance with the provisions of the State of Nevada Statutes. Our officers are appointed by our Board of Directors and hold office until removed by the Board.

~~None~~Family Relationships

~~Involvement in Certain Legal Proceedings~~None

NoInvolvement ~~director, executive officer, significant employee or control person of the Company has been involved~~ in ~~any~~Certain ~~legal~~Legal ~~proceeding listed in Item 401(f) of Regulation S-K in the past 10 years.~~Proceedings

23No ~~Table~~director, executive officer, significant employee or control person of ~~Contents~~the Company has been involved in any legal proceeding listed in Item 401(f) of Regulation S-K in the past 10 years.

Advisory ~~Board~~Boards

The Company has established anscientific, ~~advisory~~financial ~~board to advise~~ and ~~assist~~general ~~our~~advisory ~~management~~boards, ineach ~~pursuing~~comprised ~~the~~of ~~Company’s~~experienced ~~strategy~~industry tospecific ~~advance in the hemp industry~~individuals. ~~The~~They ~~advisory~~are ~~board~~posted ~~consists~~on of the ~~following~~corporate ~~individuals~~website: https://www.greenhygienics.com/about-us/leadership/

~~Bipin~~Significant ~~Patel~~Employees ~~BSc MSc PhD MBA~~

~~Dr.~~We ~~Patel~~have isno asignificant ~~biotech~~employees ~~pharma~~other ~~entrepreneur~~than ~~with~~our ~~over~~officers 20and/or ~~years~~directors. ofOur ~~experience~~officers and adirectors ~~track~~have ~~record~~not ~~for~~been ~~building~~the ~~value~~subject ~~across~~of ~~early-stage~~any ~~drug~~order, ~~discovery~~judgment, ~~development~~or ~~and~~decree ~~commercialization.~~of ~~Based~~any incourt ~~Cambridge,~~of ~~U.K.~~competent jurisdiction, ~~and~~or ~~highly~~any ~~regarded~~regulatory ~~for~~agency ~~his~~permanently ~~work~~or intemporarily ~~international~~enjoining, ~~pharmaceutical business development~~barring, ~~Dr.~~suspending ~~Patel~~or ~~has~~otherwise ~~established~~limiting anthem ~~extensive~~from ~~global~~acting ~~big-pharma~~as ~~network~~an ~~across~~investment ~~the U.S.~~advisor, ~~Europe~~underwriter, ~~Japan~~broker ~~and~~or ~~China.~~dealer ~~He specializes~~ in ~~surfacing~~the ~~and~~securities ~~shaping opportunities~~industry, ~~securing~~or ~~finance,~~as ~~and~~an ~~driving~~affiliated ~~assets~~person, todirector ~~conclusion.~~or Heemployee ~~has~~of ~~held~~an ~~senior~~investment ~~roles including CEO~~company, ~~CSO~~bank, ~~COO,~~savings ~~strategic council~~ and ~~board~~loan ~~of directors~~association, ~~and~~or ~~has~~insurance ~~driven~~company ~~various~~or ~~initiatives~~from ~~such~~engaging asin ~~drug~~or ~~discovery,~~continuing ~~preclinical~~any ~~and~~conduct ~~clinical~~or ~~development~~practice in ~~numerous~~connection ~~fields~~with ~~within~~any ~~the~~such ~~biotech~~activity ~~industry.~~or ~~Dr.~~in ~~Patel~~connection ~~has a strong business and commercial acumen~~ with anthe ~~aptitude~~purchase ~~for~~or ~~deal~~sale ~~making~~of ~~and~~any ~~partnering~~securities.

~~Edwin~~Our ~~Stoughton~~officers and directors have not been convicted in any criminal proceeding (excluding traffic violations) nor are they subject of any currently pending criminal proceeding.

~~Mr.~~We ~~Stoughton~~conduct ~~has~~our abusiness ~~40-year~~through ~~history~~agreements ofwith ~~proven~~consultants ~~success in sales, marketing, construction management, development~~ and ~~consulting~~arms-length tothird ~~management groups~~parties. HeWe ispay aour ~~skilled~~consultants ~~executive~~usual ~~with extensive direct experience in team building, constructive conflict resolution,~~ and ~~consensus~~customary ~~management,~~rates ~~which~~received ~~helped~~by ~~him~~other ~~build~~third ~~highly~~parties ~~successful~~for ~~construction~~performing ~~and~~similar ~~development~~consulting ~~companies~~services. ~~Stoughton is currently the vice president and a current principal of Demcon Concrete Contractors Inc.~~

~~David~~Code ~~Racz~~of Ethics

~~Mr.~~Our ~~Racz~~board ~~has~~of ~~held~~directors ~~global,~~adopted ~~senior-level~~our ~~positions~~code ~~with distinguished pharmaceutical companies including Pfizer, GlaxoSmithKline and Novartis. Mr. Racz began his pharmaceutical career at Pfizer Pharmaceuticals where he became Vice President~~ of ~~Sales~~ethical ~~and~~conduct ~~Human~~that ~~Resources.~~applies ~~Mr. Racz managed the largest expansion in Pfizer’s sale force in history. Shortly thereafter, SmithKlineBeecham recruited Mr. Racz~~ to ~~manage~~all ~~over~~of ~~4,000~~our employees ~~in 20 countries throughout Asia, Latin America, Australia~~ and ~~South Africa in Sales~~directors, ~~Marketing~~including ~~and~~our ~~Research~~principal ~~and~~executive ~~Development. Mr. Racz was also a key member of the team responsible for orchestrating the unparalleled transcontinental merger of SmithKline and Beecham. In 2002~~officer, ~~Mr.~~principal ~~Racz~~financial ~~was recruited by Novartis Pharmaceuticals as Senior Vice President North America. In this capacity~~officer, heprincipal ~~delivered~~accounting ~~strategy~~officer ~~and~~or ~~resource allocation for an $8 billion health care company and oversaw 14~~controller,~~000~~ ~~global employees in Pharmaceutical Operations, Global Oncology, Manufacturing~~ and ~~R&D.~~persons ~~Mr.~~performing ~~Racz~~similar ~~was Senior Vice President for Mona Vie Inc~~functions. ~~(“Mona~~We ~~Vie”),~~believe the ~~fastest~~adoption ~~growing private company in the food and beverage industry incorporated in 2003 with annual sales in excess~~ of ~~$942~~our ~~million~~Code ~~and growth~~ of ~~over~~Ethical ~~100%~~Conduct ~~per~~is ~~quarter~~consistent ~~for~~with athe ~~three-year~~requirements ~~period. In addition, Mr. Racz has served on various boards~~ of ~~both private and public companies, in~~ the ~~pharmaceutical,~~Sarbanes-Oxley ~~consumer~~Act ~~brands and CBD space. His primary areas~~ of ~~expertise reside in aligning business strategy with operational strategy, management systems, as well as merger and acquisition related activities~~2002. Mr. Racz also served as a Medical Service Corp Officer in United States Army, achieving the rank of Major and was awarded numerous times for service and merit. He earned his BS from Wayne State University and his MS from Troy University.

24Our ~~Table~~Code of ~~Contents~~Ethical Conduct is designed to deter wrongdoing and to promote:

~~Significant~~– ~~Employees~~Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships; – Full, fair, accurate, timely and understandable disclosure in reports and documents that we file or submit to the Securities & Exchange Commission and in other public communications made by us; – Compliance with applicable governmental laws, rules and regulations; – The prompt internal reporting to an appropriate person or persons identified in the code of violations of our Code of Ethical Conduct; and – Accountability for adherence to the Code.

We30 ~~have~~Table ~~no significant employees other than our officers and/or directors. Our officers and directors have not been the subject~~ of any order, judgment, or decree of any court of competent jurisdiction, or any regulatory agency permanently or temporarily enjoining, barring, suspending or otherwise limiting them from acting as an investment advisor, underwriter, broker or dealer in the securities industry, or as an affiliated person, director or employee of an investment company, bank, savings and loan association, or insurance company or from engaging in or continuing any conduct or practice in connection with any such activity or in connection with the purchase or sale of any securities.Contents

~~Our~~Director ~~officers and directors have not been convicted in any criminal proceeding (excluding traffic violations) nor are they subject of any currently pending criminal proceeding.~~Independence

WeNone ~~conduct~~of the members of our ~~business~~Board ~~through~~of ~~agreements~~Directors qualifies as an independent director in accordance with ~~consultants~~the published listing requirements of the NASDAQ Global Market. The NASDAQ independence definition includes a series of objective tests, such as that the director is not, and ~~arms-length~~has ~~third~~not ~~parties~~been for at least three years, one of our employees and that neither the director, nor any of his family members has engaged in various types of business dealings with us. WeIn ~~pay~~addition, our ~~consultants~~Board ~~usual~~has not made a subjective determination as to each director that no relationships exist which, in the opinion of our Board, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director, though such subjective determination is required by the NASDAQ rules. Had our Board of Directors made these determinations, our Board would have reviewed and ~~customary~~discussed ~~rates~~information ~~received~~provided by ~~other~~the ~~third~~directors ~~parties~~and ~~for~~us ~~performing~~with ~~similar~~regard ~~consulting~~to ~~services~~each director’s business and personal activities and relationships as they may relate to us and our management.

~~Code~~In performing the functions of ~~Ethics~~the audit committee, our board oversees our accounting and financial reporting process. In this function, our board performs several functions. Our board, among other duties, evaluates and assesses the qualifications of the Company’s independent auditors; determines whether to retain or terminate the existing independent auditors; meets with the independent auditors and financial management of the Company to review the scope of the proposed audit and audit procedures on an annual basis; reviews and approves the retention of independent auditors for any non-audit services; reviews the independence of the independent auditors; reviews with the independent auditors and with the Company’s financial accounting personnel the adequacy and effectiveness of accounting and financial controls and considers recommendations for improvement of such controls; reviews the financial statements to be included in our annual and quarterly reports filed with the Securities and Exchange Commission; and discusses with the Company’s management and the independent auditors the results of the annual audit and the results of our quarterly financial statements.

Our board ofas ~~directors~~a ~~adopted~~whole ~~our~~will ~~code~~consider ofexecutive ~~ethical~~officer ~~conduct~~compensation, ~~that~~and ~~applies~~our toentire ~~all~~board ofparticipates ~~our~~in ~~employees~~the ~~and~~consideration ~~directors,~~of ~~including~~director ~~our~~compensation. ~~principal~~Our ~~executive~~board ~~officer,~~as ~~principal~~a ~~financial~~whole ~~officer,~~oversees ~~principal~~our ~~accounting~~compensation ~~officer~~policies, orplans ~~controller~~and programs, reviews and ~~persons~~approves ~~performing~~corporate ~~similar~~performance ~~functions.~~goals Weand ~~believe~~objectives relevant to the ~~adoption~~compensation of our ~~Code~~executive ofofficers, ~~Ethical~~if ~~Conduct~~any, isand ~~consistent~~administers ~~with~~our ~~the~~equity ~~requirements~~incentive ofand ~~the~~stock ~~Sarbanes-Oxley~~option ~~Act~~plans, ofif ~~2002~~any.

Each of our directors participates in the consideration of director nominees. In addition to nominees recommended by directors, our board will consider nominees recommended by shareholders if submitted in writing to our secretary. Our ~~Code~~board believes that any candidate for director, whether recommended by shareholders or by the board, should be considered on the basis of ~~Ethical~~all ~~Conduct~~factors relevant to our needs and the credentials of the candidate at the time the candidate is ~~designed~~proposed. toSuch ~~deter~~factors ~~wrongdoing~~include relevant business and toindustry ~~promote:~~experience and demonstrated character and judgment.

–Compliance ~~Honest~~with ~~and~~Section ~~ethical~~16(a) ~~conduct, including the ethical handling~~ of actual or apparent conflicts of interest between personal and professional relationships; – Full, fair, accurate, timely and understandable disclosure in reports and documents that we file or submit to the Securities & Exchange ~~Commission~~Act and in other public communications made by us; – Compliance with applicable governmental laws, rules and regulations; – The prompt internal reporting to an appropriate person or persons identified in the code of ~~violations of our Code of Ethical Conduct; and – Accountability for adherence to the Code.~~1934

~~Director~~Section ~~Independence~~16(a) of the Securities Exchange Act of 1934 requires the Company’s directors and executive officers, persons who beneficially own more than 10% of a registered class of the Company’s equity securities, and certain other persons to file reports of ownership and changes in ownership on Forms 3, 4 and 5 with the SEC, and to furnish the Company with copies of the forms. Based solely on its review of the forms it received, or written representations from reporting persons, the Company believes that all of its directors, executive officers and greater than 10% beneficial owners complied with all such filing requirements during the fiscal year ended July 31, 2021.

~~None~~Item ~~of the members of our Board of Directors qualifies as an independent director in accordance with the published listing requirements of the NASDAQ Global Market~~11. ~~The~~Executive NASDAQ independence definition includes a series of objective tests, such as that the director is not, and has not been for at least three years, one of our employees and that neither the director, nor any of his family members has engaged in various types of business dealings with us. In addition, our Board has not made a subjective determination as to each director that no relationships exist which, in the opinion of our Board, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director, though such subjective determination is required by the NASDAQ rules. Had our Board of Directors made these determinations, our Board would have reviewed and discussed information provided by the directors and us with regard to each director’s business and personal activities and relationships as they may relate to us and our management.Compensation

InManagement ~~performing~~Compensation the functions of the audit committee, our board oversees our accounting and financial reporting process. In this function, our board performs several functions. Our board, among other duties, evaluates and assesses the qualifications of the Company’s independent auditors; determines whether to retain or terminate the existing independent auditors; meets with the independent auditors and financial management of the Company to review the scope of the proposed audit and audit procedures on an annual basis; reviews and approves the retention of independent auditors for any non-audit services; reviews the independence of the independent auditors; reviews with the independent auditors and with the Company’s financial accounting personnel the adequacy and effectiveness of accounting and financial controls and considers recommendations for improvement of such controls; reviews the financial statements to be included in our annual and quarterly reports filed with the Securities and Exchange Commission; and discusses with the Company’s management and the independent auditors the results of the annual audit and the results of our quarterly financial statements.

~~Our~~The ~~board~~table asbelow asummarizes ~~whole~~all ~~will~~compensation ~~consider~~awarded ~~executive~~to, ~~officer~~earned ~~compensation~~by, ~~and~~or ~~our~~paid ~~entire~~to ~~board participates in the consideration of director compensation. Our board as a whole oversees~~ our ~~compensation~~executive ~~policies,~~officers ~~plans~~for ~~and~~all ~~programs,~~services ~~reviews~~rendered ~~and~~in ~~approves~~all ~~corporate~~capacities ~~performance~~to ~~goals~~us ~~and~~for ~~objectives relevant to~~ the ~~compensation~~past oftwo ~~our~~years ~~executive~~ending ~~officers,~~July ~~if any~~31, ~~and administers our equity incentive and stock option plans, if any.~~2021:

~~Each~~31 ofTable ~~our directors participates in the consideration~~ of director nominees. In addition to nominees recommended by directors, our board will consider nominees recommended by shareholders if submitted in writing to our secretary. Our board believes that any candidate for director, whether recommended by shareholders or by the board, should be considered on the basis of all factors relevant to our needs and the credentials of the candidate at the time the candidate is proposed. Such factors include relevant business and industry experience and demonstrated character and judgment.Contents

25 Table of Contents

		Annual Compensation							Long Term Compensation
Name	Title	Year	Salary ($)		Bonus		Other Annual Compensation		Restricted Stock Awarded		Options/* SARs (#)		LTIP payouts ($)		All Other Compensation

Ron Loudoun	CEO	2021	$	0	$	0	$	90,000	$	0	$	0	$	0	$	555,000
		2020	$	0	$	0	$	90,000	$	0	$	0	$	0	$	370,000

Todd Mueller	CFO	2021	$	0	$	0	$	0	$	0	$	0	$	0	$	60,750
		2020	$	0	$	0	$	4,250	$	0	$	0	$	0	$	60,750

~~Compliance~~Employment ~~with Section 16(a) of the Securities Exchange Act of 1934~~Agreements

~~Section~~We ~~16(a)~~have ofno ~~the~~employment ~~Securities~~agreement ~~Exchange~~with ~~Act~~Ronald ofLoudoun. ~~1934~~However, ~~requires~~on ~~the~~August ~~Company’s~~1, ~~directors~~2019, we entered into a consulting agreement with Mr. Loudoun to serve as President and ~~executive~~Chief ~~officers,~~Executive ~~persons~~Officer. ~~who~~The ~~beneficially~~agreement ~~own~~was ~~more~~for ~~than~~an ~~10%~~initial ofsix amonth ~~registered~~term, ~~class~~to ofbe ~~the~~re-evaluated ~~Company’s~~after ~~equity~~six ~~securities~~months, and ~~certain~~provides ~~other~~for ~~persons~~(i) toan ~~file~~annual ~~reports~~allocation of ~~ownership~~250,000 options (priced at $0.50 per share with a term of three years) or common shares, and ~~changes~~(ii) ina ~~ownership~~monthly onbase ~~Forms~~fee 3of $7,500 4per ~~and~~month 5during ~~with~~the term of the ~~SEC~~agreement, ~~and~~subject to ~~furnish~~adjustment on a quarterly basis by the Company ~~with~~and ~~copies~~Mr. Loudoun. Mr. Loudoun is eligible to receive annual bonuses, in cash or in common shares, at the discretion of the ~~forms~~board of directors. ~~Based~~The ~~solely~~agreement onalso ~~its~~provides ~~review~~for reimbursement for all reasonable travel and other out-of-pocket expenses incurred in connection with his services. The $7,500 per month is included in the ~~forms~~Other itAnnual ~~received~~Compensation in the above table, orDuring ~~written~~the ~~representations~~years ~~from~~ended ~~reporting~~July ~~persons~~31, 2021, and 2020, the Company ~~believes~~issued ~~that~~375,000 ~~all~~and of250,000 ~~its~~shares, ~~directors~~respectively, ~~executive~~which ~~officers~~were valued at $1.48 per share $555,000 and ~~greater~~$370,000, ~~than~~respectively, ~~10%~~based ~~beneficial~~on ~~owners~~the ~~complied~~market ~~with~~price ~~all~~of ~~such~~the ~~filing~~common ~~requirements~~stock ~~during~~on the ~~fiscal~~date ~~year~~of ~~ended~~the ~~July~~agreement ~~31,~~and ~~2020~~are included in the All Other Compensation in the above table.

~~Item~~We 11have no employment agreement with Todd Mueller. ~~Executive~~However, on February 13, 2020, the Company entered into a six-month (the “Initial Term”) consulting agreement with the CFO of the Company, Todd Mueller, whereby the Company agreed to pay a consulting fee of 100,000 shares, 50,000 shares would be delivered upon the execution of the agreement (certificated on July 14, 2020) and 50,000 delivered in six months based on the continuation of the agreement. Following the Initial Term, the Company and the Consultant may extend the Term for up to 5 years on similar terms and conditions by further agreement in writing to that effect. The Company may terminate this Agreement for any reason prior to the expiry of this Agreement with 30-day notice and full vesting of stock or stock options for the period of engagement. The Consultant may end this Agreement with 30 days written notice prior to the end of the term. Future allocations of shares will be determined by the compensation committee of the board of directors or, if none, the entire board of directors. In addition, Mr. Mueller is eligible to receive bonuses of at the discretion of the compensation committee of the board of directors or, if none, the entire board of directors. The agreement also provides for reimbursement for all reasonable travel and other out-of-pocket expenses incidental to his services, provided, however, that the Company has the right to pre-approve any expense that may reasonably be expected to exceed $1,000. The Company paid Mr. Mueller $4,250 during the year ended July 31, 2020 and is included in Other Annual Compensation in the above table. During the years ended July 31, 2021, and 2020, the Company issued 50,000 shares of common stock in each year and valued the at $60,750 based on OTC’s closing trade price on the date of the agreement and are included in the All Other Compensation in the above table.

~~Management~~There ~~Compensation~~are no annuity, pension or retirement benefits proposed to be paid to the officer or director or employees in the event of retirement at normal retirement date pursuant to any presently existing plan provided or contributed to by the company or any of its subsidiaries, if any.

The table below summarizes all compensation awarded to, earned by, or paid to our executive officers for all services rendered in all capacities to us for the past two years ending July 31, 2020:

		Annual Compensation							Long Term Compensation
Name	Title	Year	Salary ($)		Bonus		Other Annual Compensation		Restricted Stock Awarded		Options/* SARs (#)		LTIP payouts ($)		All Other Compensation
Ron Loudoun	CEO	2020	$	0	$	0	$	90,000	$	0	$	0	$	0	$	370,000
		2019	$	0	$	0	$	30,000	$	0	$	0	$	0	$	0
Todd Mueller	CFO	2020	$	0	$	0	$	4,250	$	0	$	0	$	0	$	63,500

Employment Agreements

We have no employment agreement with Ronald Loudoun. However, on August 1, 2019, we entered into a consulting agreement with Mr. Loudoun to serve as President and Chief Executive Officer. The agreement is for an initial six month term, to be re-evaluated after six months, and provides for (i) an annual allocation of 250,000 options (priced at $0.50 per share with a term of three years) or common shares, and (ii) a monthly base fee of $7,500 per month during the term of the agreement, subject to adjustment on a quarterly basis by the Company and Mr. Loudoun. Mr. Loudoun is eligible to receive annual bonuses, in cash or in common shares, at the discretion of the board of directors. The agreement also provides for reimbursement for all reasonable travel and other out-of-pocket expenses incurred in connection with his services. The $7,500 per month is included in the Other Annual Compensation in the above table, The Company issued 250,000 shares which were valued at $1.48 per share ($370,000) based on the market price of the common stock on the date of the agreement and are included in the All Other Compensation in the above table.

We have no employment agreement with Todd Mueller. However, on February 13, 2020, the Company entered into a six-month (the “Initial Term”) consulting agreement with the CFO of the Company, Todd Mueller, whereby the Company agreed to pay a consulting fee of 100,000 shares, 50,000 shares would be delivered upon the execution of the agreement (certificated on July 14, 2020) and 50,000 delivered in six months based on the continuation of the agreement. Following the Initial Term, the Company and the Consultant may extend the Term for up to 5 years on similar terms and conditions by further agreement in writing to that effect. The Company may terminate this Agreement for any reason prior to the expiry of this Agreement with 30-day notice and full vesting of stock or stock options for the period of engagement. The Consultant may end this Agreement with 30 days written notice prior to the end of the term. Future allocations of shares will be determined by the compensation committee of the board of directors or, if none, the entire board of directors. In addition, Mr. Mueller is eligible to receive bonuses of at the discretion of the compensation committee of the board of directors or, if none, the entire board of directors. The agreement also provides for reimbursement for all reasonable travel and other out-of-pocket expenses incidental to his services, provided, however, that the Company has the right to pre-approve any expense that may reasonably be expected to exceed $1,000. The Company paid Mr. Mueller $4,250 during the year ended July 31, 2020 and is included in Other Annual Compensation in the above table. The Company valued the 50,000 shares of common stock at $63,500 based on OTC’s closing trade price on the date of the agreement and are included in the All Other Compensation in the above table.

There are no annuity, pension or retirement benefits proposed to be paid to the officer or director or employees in the event of retirement at normal retirement date pursuant to any presently existing plan provided or contributed to by the company or any of its subsidiaries, if any.

26 Table of Contents

Item 12. Security Ownership of Certain Beneficial Owners and Management

The following table sets forth information as of ~~October~~November 2910, ~~2020~~2021 as to each person or group who is known to us to be the beneficial owner of more than 5% of our outstanding voting securities and as to the security and percentage ownership of each of our executive officers and directors and of all of our officers and directors as a group. As of ~~October~~November 2910, ~~2020~~2021, we had 4144,~~918~~126,~~638~~138 shares of common stock outstanding.

Table of Contents

Beneficial ownership is determined under the rules of the Securities and Exchange Commission and generally includes voting or investment power over securities. Except in cases where community property laws apply or as indicated in the footnotes to this table, we believe that each stockholder identified in the table possesses sole voting and investment power over all shares of common stock shown as beneficially owned by the stockholder.

Shares of common stock subject to options or warrants that are currently exercisable or exercisable within 60 days of the date of this prospectus are considered outstanding and beneficially owned by the person holding the options for the purpose of computing the percentage ownership of that person but are not treated as outstanding for the purpose of computing the percentage ownership of any other person.

Title of Class	Name and Address of Beneficial Owner (1)	Number OfSharesBeneficiallyOwned		PercentageOwned
	Officers and Directors:
Common Stock	Ron Loudoun (2)		22,~~012~~177,320	50.17	~~52.51~~	%
Common Stock	Todd Mueller		100,000	*
Common Stock	Jeff Palumbo		500,000	1.13	~~1.19~~	%
Common Stock	Kyle MacKinnon		~~200~~500,000	*	1.13	%
Common Stock	Jerry Halamuda		250,000	*
Common Stock	John Gildea		~~250,000~~0	*
	All directors and officers as a group (6 persons)		2324,~~312~~487,~~320~~220		55.6249	%

*	Less than 1%.

(1)	Unless otherwise noted, the address is c/o Green Hygienics Holdings Inc., 13795 Blaisdell Place, Suite 202, Poway, California 92064.
(2)	Includes 22,~~012~~137,320 shares held by Alita Capital, Inc., of which Mr. Loudoun is the controlling shareholder.

Item 13. Certain Relationships and Related Transactions

With the exception of Ron Loudoun, none of our other directors, or officers, any proposed nominee for election as a director, any person who beneficially owns, directly or indirectly, shares carrying more than 10% of the voting rights attached to all of our outstanding shares, any promoter, or any relative or spouse of any of the foregoing persons has any material interest, direct or indirect, in any transaction since our incorporation or in any presently proposed transaction which, in either case, has or will materially affect us other than the transactions described below.

~~Our~~33 ~~management~~Table is involved in other business activities and may in the future be involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between our business and their other business interests. In the event that a conflict of interest arises at a meeting of our directors, a director who has such a conflict will disclose his interest in a proposed transaction and will abstain from voting for or against the approval of such transaction.Contents

27Our ~~Table~~management is involved in other business activities and may in the future be involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between our business and their other business interests. In the event that a conflict of ~~Contents~~interest arises at a meeting of our directors, a director who has such a conflict will disclose his interest in a proposed transaction and will abstain from voting for or against the approval of such transaction.

Item 14. Principal Accounting Fees and Services

The aggregate fees billed for the most recently completed fiscal years ended July 31, ~~2020~~2021, and ~~2019~~2020, for professional services rendered by the principal accountant for the audit of our annual financial statements and review of the financial statements included in our quarterly reports on Form 10-Q and services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for these fiscal periods were as follows:

	Year Ended
	July 31, 2020		July 31, 2019
	July 31, 2021		July 31, 2020
Audit Fees – M&K	$	~~19.350~~31,000	$	619,~~759~~350
Audit Related Fees		-		~~3,400~~-
Tax Fees		-		-
All Other Fees		-		-
Total	$	1931,~~350~~000	$	1019,~~159~~350

Our board of directors pre-approves all services provided by our independent auditors. All of the above services and fees were reviewed and approved by the board of directors either before or after the respective services were rendered.

Our board of directors has considered the nature and amount of fees billed by our independent auditors and believes that the provision of services for activities unrelated to the audit is compatible with maintaining our independent auditors’ independence.

~~Item~~34 ~~15.~~Table ~~Exhibits~~of Contents

Exhibit No.		Description
2.1		Definitive Agreement dated April 29, 2019 by and among between Coastal Labs, LLC and Green Hygienics Holdings Inc., incorporated by reference to our Registration Statement on Form S-1 filed on January 31, 2020 (File No. 333-236212).
3.1		Articles of Incorporation of Silver Bay Resources, Inc. (now known as Green Hygienics Holdings Inc.), incorporated by reference to our Registration Statement on Form S-1 filed on September 17, 2008 (File No. 333-153510).
3.2		Certificate of Amendment of Silver Bay Resources, Inc. (now known as Green Hygienics Holdings Inc.), incorporated by reference to our Current Report on Form 8-K filed on July 1, 2010 (File No. 333-153510).
3.3		Articles of Merger dated June 1, 2012 between of Green Hygienics Holdings Inc. and Takedown Entertainment, Inc., incorporated by reference to our Current Report on Form 8-K filed on June 7, 2012.
3.4		Certificate of Change Pursuant to NRS 78.209, incorporated by reference to our Current Report on Form 8-K filed on June 7, 2012.
3.5		Certificate of Amendment of Green Hygienics Holdings Inc., incorporated by reference to our Current Report on Form 8-K filed on February 21, 2013.
3.6		Certificate of Amendment of Green Hygienics Holdings Inc., incorporated by reference to our Registration Statement on Form S-1 filed on September 14, 2020 (File No. 333-248790).
3.7		Bylaws, incorporated by reference to our Registration Statement on Form S-1 filed on September 17, 2008 (File No. 333-153510).
4.1		10% Convertible Promissory Note dated December 19, 2019, incorporated by reference to our Current Report on Form 8-K filed on January 15, 2020.
4.2		Common Stock Purchase Warrant dated December 19, 2019, incorporated by reference to our Current Report on Form 8-K filed on January 15, 2020.
10.1		Securities Purchase Agreement by and between Green Hygienics Holdings, Inc. and Triton Funds LP dated as of December 19, 2019, incorporated by reference to our Current Report on Form 8-K filed on January 15, 2020.
10.2		Registration Rights Agreement by and between Green Hygienics Holdings, Inc. and Triton Funds LP dated as of December 19, 2019, incorporated by reference to our Current Report on Form 8-K filed on January 15, 2020.
10.3		Amending Agreement by and between Green Hygienics Holdings, Inc. and Triton Funds LP dated as of January 8, 2020, incorporated by reference to our Current Report on Form 8-K filed on January 15, 2020.
10.4		Standard Offer, Agreement and Escrow Instructions for Purchase of Real Estate dated March 11, 2019 by and between Alita Capital, Inc. or Assignee, and Kreutzkamp Trust, incorporated by reference to our Current Report on Form 8-K filed on August 29, 2019.
10.5		Promissory Note Secured by Deed of Trust dated August 23, 2019, incorporated by reference to our Current Report on Form 8-K filed on January 31, 2020.
10.6		Secured Promissory Note dated August 15, 2019, incorporated by reference to our Current Report on Form 8-K filed on January 31, 2020.
10.7		Standard Offer, Agreement and Escrow Instructions for Purchase of Real Estate dated October 18, 2019 by and between Green Hygienics Holdings, Inc. or Assignee, and Dos Molson LLC and Pat Reid, incorporated by reference to our Current Report on Form 8-K filed on October 25, 2019.
10.8		Consulting Agreement dated August 1, 2019 between Ronald Loudoun and Green Hygienics Holdings Inc., incorporated by reference to our Current Report on Form 8-K filed on January 31, 2020.
10.9		2011 Stock Plan, incorporated by reference to our Current Report on Form 8-K filed on September 8, 2011.
10.10		Consulting Agreement dated February 15, 2020 between Todd Mueller and Green Hygienics Holdings Inc., incorporated by reference to our Form 10-Q filed on June 15, 2020.
10.11		Equity Financing Agreement by and between Green Hygienics Holdings, Inc. and GHS Investments, LLC, dated September 13, 2020, incorporated by reference to our Registration Statement on Form S-1 filed on September 14, 2020 (File No. 333-248790).
10.12		Registration Rights Agreement by and between Green Hygienics Holdings, Inc. and GHS Investments, LLC, dated September 13, 2020, incorporated by reference to our Registration Statement on Form S-1 filed on September 14, 2020 (File No. 333-248790).
14		Code of Ethics of Takedown Entertainment, Inc. (now known as Green Hygienics Holdings Inc.), incorporated by reference to our Annual Report on Form 10-K filed on October 27, 2011.

Item 15. Exhibits

31.1		Sec. 302 Certification of Chief Executive Officer
Exhibit No.		Description
31.2		Sec. 302 Certification of Chief Financial Officer
2.1		Definitive Agreement dated April 29, 2019 by and among between Coastal Labs, LLC and Green Hygienics Holdings Inc. (1)
32.1		Sec. 906 Certification of Chief Executive Officer
3.1		Articles of Incorporation of Silver Bay Resources, Inc. (now known as Green Hygienics Holdings Inc.), incorporated by reference to our Registration Statement on Form S-1 filed on September 17, 2008 (File No. 333-153510).
101.INS		XBRL Instance Document
3.2		Certificate of Amendment of Silver Bay Resources, Inc. (now known as Green Hygienics Holdings Inc.), incorporated by reference to our Current Report on Form 8-K filed on July 1, 2010 (File No. 333-153510).
101.SCH		XBRL Taxonomy Extension Schema Document
3.3		Articles of Merger dated June 1, 2012 between of Green Hygienics Holdings Inc. and Takedown Entertainment, Inc., incorporated by reference to our Current Report on Form 8-K filed on June 7, 2012.
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
3.4		Certificate of Change Pursuant to NRS 78.209, incorporated by reference to our Current Report on Form 8-K filed on June 7, 2012.
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document
3.5		Certificate of Amendment of Green Hygienics Holdings Inc., incorporated by reference to our Current Report on Form 8-K filed on February 21, 2013.
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
3.6		Certificate of Amendment of Green Hygienics Holdings Inc., incorporated by reference to our Registration Statement on Form S-1 filed on September 14, 2020.
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document
3.7		Bylaws, incorporated by reference to our Registration Statement on Form S-1 filed on September 17, 2008 (File No. 333-153510).
4.1		10% Convertible Promissory Note dated December 19, 2019, incorporated by reference to our Current Report on Form 8-K filed on January 15, 2020.
4.2		Common Stock Purchase Warrant dated December 19, 2019, incorporated by reference to our Current Report on Form 8-K filed on January 15, 2020.
10.1		Securities Purchase Agreement by and between Green Hygienics Holdings, Inc. and Triton Funds LP dated as of December 19, 2019, incorporated by reference to our Current Report on Form 8-K filed on January 15, 2020.
10.2		Registration Rights Agreement by and between Green Hygienics Holdings, Inc. and Triton Funds LP dated as of December 19, 2019, incorporated by reference to our Current Report on Form 8-K filed on January 15, 2020.
10.3		Amending Agreement by and between Green Hygienics Holdings, Inc. and Triton Funds LP dated as of January 8, 2020, incorporated by reference to our Current Report on Form 8-K filed on January 15, 2020.
10.4		Standard Offer, Agreement and Escrow Instructions for Purchase of Real Estate dated March 11, 2019 by and between Alita Capital, Inc. or Assignee, and Kreutzkamp Trust, incorporated by reference to our Current Report on Form 8-K filed on August 29, 2019.
10.5		Promissory Note Secured by Deed of Trust dated August 23, 2019, incorporated by reference to our Current Report on Form 8-K filed on January 31, 2020.
10.6		Secured Promissory Note dated August 15, 2019, incorporated by reference to our Current Report on Form 8-K filed on January 31, 2020.
10.7		Standard Offer, Agreement and Escrow Instructions for Purchase of Real Estate dated October 18, 2019 by and between Green Hygienics Holdings, Inc. or Assignee, and Dos Molson LLC and Pat Reid, incorporated by reference to our Current Report on Form 8-K filed on October 25, 2019.
10.8		Consulting Agreement dated August 1, 2019 between Ronald Loudoun and Green Hygienics Holdings Inc., incorporated by reference to our Current Report on Form 8-K filed on January 31, 2020.
10.9		2011 Stock Plan, incorporated by reference to our Current Report on Form 8-K filed on September 8, 2011.
10.10		Consulting Agreement dated February 15, 2020 between Todd Mueller and Green Hygienics Holdings Inc., incorporated by reference to our Form 10-Q filed on June 15, 2020.
10.11		Equity Financing Agreement by and between Green Hygienics Holdings, Inc. and GHS Investments, LLC, dated September 13, 2020, incorporated by reference to our Registration Statement on Form S-1 filed on September 14, 2020.
10.12		Registration Rights Agreement by and between Green Hygienics Holdings, Inc. and GHS Investments, LLC, dated September 13, 2020, incorporated by reference to our Registration Statement on Form S-1 filed on September 14, 2020.
14		Code of Ethics of Takedown Entertainment, Inc. (now known as Green Hygienics Holdings Inc.), incorporated by reference to our Annual Report on Form 10-K filed on October 27, 2011.

28 Table of Contents

31.1		Sec. 302 Certification of Chief Executive Officer
32.1		Sec. 906 Certification of Chief Executive Officer
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

~~SIGNATURES~~35 Table of Contents

~~In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.~~SIGNATURES

	GREEN HYGIENICS HOLDINGS INC.
	(Registrant)
Dated: October 29, 2020	/s/ Ron Loudoun
	Ron Loudoun
	President, Chief Executive Officer, Secretary, Treasurer and Director
	(Principal Executive Officer)

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

	GREEN HYGIENICS HOLDINGS INC.
	(Registrant)

Dated: November 18, 2021	/s/ Ron Loudoun
	Ron Loudoun
	President, Chief Executive Officer, Secretary, Treasurer and Director
	(Principal Executive Officer)

Dated: October 29, 2020	/s/ Ron Loudoun
	Ron Loudoun
	President, Chief Executive Officer, Secretary, Treasurer and Director
	(Principal Executive Officer)

Dated: October 29, 2020	/s/ Todd Mueller
Dated: November 18, 2021	/s/ Ron Loudoun
	Todd Mueller
	Ron Loudoun
	Chief Financial Officer
	President, Chief Executive Officer, Secretary, Treasurer and Director
	(Principal Financial Officer and Principal Accounting Officer)
	(Principal Executive Officer)

Dated: November 18, 2021	/s/ Todd Mueller
	Todd Mueller
	Chief Financial Officer
	(Principal Financial Officer and Principal Accounting Officer)

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