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West Island Brands Inc C.WIB

Alternate Symbol(s):  WIBFF

West Island Brands Inc. is a Canada-based multi-faceted cannabis company. The Company operates through its subsidiary, RoyalMax Biotechnology Canada Inc., which is a Health Canada license holder with cultivation license, processing, medical sales and sales licenses. The Company works with Yunify Natural Technologies, a Quebec-based health and personal care research and innovation company that develop products for West Island, including topicals and ionic mists. The Company and Yunify have developed a spray mist that captures cannabis smoke odors through Yunify’s Natural Ions Encapsulation technology; cannabis odors are trapped, and they are neutralized. Its brands include OUEST, CITOYEN and Silk Road. OUEST brand is represented by Grandpa's Stash and Jelly Cake flower offerings. CITOYEN brand is represented by the King Louis and Clementine Punch flower offerings. Its Silk Road is a hashish blends.


CSE:WIB - Post by User

Post by KozmoTon Sep 15, 2023 11:48am
188 Views
Post# 35638374

Not the first time they've changed auditors which makes one

Not the first time they've changed auditors which makes onewonder what the previous auditors discovered.  If a stockhouse poster can discover missing $3 million (++++) from financial statements I imagine auditors would find much more.  And maybe even some board members with a shred of morals?  Boris is in hot water  From the same NR...   

"There is a reportable event with respect to unresolved issues, as such terms are defined in National Instrument 51-102 - Continuous Disclosure Obligations (Part 4.11), related to the audit of the Company's 2022 Financial Statements which relate to an external investigation and report commissioned by the previous incumbent board of directors. This report was obtained as part of ongoing disputes between certain incumbent Board members, and senior management of the Company including the Company's CEO. Those incumbent Board members ultimately resigned. The findings and unresolved matters identified in the investigation report relate to alleged unauthorized transactions with related parties that were not approved by the board of directors of the Company, and other internal control issues.
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