ACQUISITION	3 Months Ended
ACQUISITION	Nov. 30, 2021
ACQUISITION
ACQUISITION [Text Block]	3. ACQUISITION On April 1, 2019, the Company acquired 100% of the issued and outstanding shares of Edison Power, a Nevada corporation, in exchange for 6,849,239 common shares of the Company. Edison Power owns a 100% interest in Edison Delaware 2 LLC, a Delaware registered limited liability corporation. On October 15, 2021, a majority of the shareholders of the Company consented in writing to effectuate a spin-off of Edison Power, the Company's wholly-owned subsidiary. The effectuation date of the spin-off is subject to the pending approval of FINRA. Once effectuated, the Spin-Off of EPC would result in the Company's Common stockholders owning one half share of the Common Stock of Edison Power for each one share owned of the Common Stock of the Company. The Spin-Off will result in the issuance of 7,543,428 shares of the Company being issued at a par value of 7,543. Edison Power will remain a wholly-owned subsidiary of the Company until the effectuation date.

Indigenous Roots Corp. 10-Q