What investors might need to know from Financial StatementsPage 1 ...
"As stated in Note 1, these events or conditions, along with other matters as set forth in Note 1, indicate that material uncertainties exist that cast significant doubt on the Company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter"
Page 4 ...
"Cash and cash equivalents ... $203,845
"Accounts payable and accrued liabilities ... $1,123,892"
"Investment in Yunify Natural Technologies ... $ 1 "
Page 5 ...
Gross revenue ... $2,753,218
Cost of sales ... $4,953,950 LOL !!!!!!!!!
Page 10 ...
"The Company’s ability to continue as a going concern is uncertain and is dependent upon the success of its ability to grow and sell marijuana and maintaining continued support from its shareholders and creditors." and now ... Page 16 (June 2021 FS) ... "As of December 31, 2021, the Company had suspended growing activities and had nil plants .." The company has never once since that time put out a NR disclosing that rather material information.
Page 28 ... (Trichome Treats)
"During the year ended December 31, 2020, management wrote down the full balance of intellectual property to $nil, given the Company halted its development of edible cannabis infused products and, therefore, such intellectual property provided negligible value to the Company"
Note the blatant misinformation in their recent NR's ..."The Company continues to work with Yunify Natural Technologies, a Quebec based health and personal care research and innovation company to develop proprietary products for West Island including topicals and ionic mists. Through its acquisition of Trichome Treats, an award winning chocolatier, the Company intends on introducing edibles into the West Island product mix." ... both Yunify and Trichome have been written off by the company IN THEIR OWN FINANCIAL STATEMENTS!!!
THEY STOPPED GROWING CANNABIS OVER 10 MONTHS AGO AND "FORGOT" TO INFORM THEIR INVESTORS!!!!!!!!!!! They wrote off both Yunify and Trichome ages ago but are actually still to this day telling investors they are both still going concerns!?!? How the F*CK is this even legal?
And you wonder why they are losing $2 for every $1 of whatever schitte it is they are selling?