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SUBSEQUENT EVENTS
6 Months Ended
Feb. 28, 2022
SUBSEQUENT EVENTS [Abstract]  
SUBSEQUENT EVENTS NOTE 10 – SUBSEQUENT EVENTS

The Company has evaluated all events subsequent to the balance sheet date as of February 28, 2022 through the date of issuance of these consolidated financial statements and has determined that, except as set forth below, there are no subsequent events that require disclosure.

Real Estate Transactions

 

In March 2022, the Company acquired land for approximately $7.0 million in Medellín, Colombia to open a new warehouse club. Construction has commenced and the club is anticipated to open in the summer of 2023. It will be the second warehouse club in Medellín and the tenth in Colombia.