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12. Discontinued Operations
3 Months Ended
Nov. 30, 2019
Notes  
12. Discontinued Operations

12.          DISCONTINUED OPERATIONS

 

Effective September 1, 2019, the Board of Directors decided to permanently close the MSI division and exit the industrial tools business. The remaining inventory will be liquidated. As of November 30, 2019, the Company has recorded an allowance for obsolete inventory for MSI of $125,000 (August 31, 2019 - $85,000).