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West Island Brands Inc WIBFF


Primary Symbol: C.WIB

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

Comment by bucheroncapitalon Nov 30, 2021 1:27pm
191 Views
Post# 34181081

RE:RE:RE:RE:RE:RE:RE:Financial Statements due out tomorrow, this should be good..

RE:RE:RE:RE:RE:RE:RE:Financial Statements due out tomorrow, this should be good..

If my reading is accurate their real assets are (as of Sept 30 2021 so less right now ) about worth 600K of cash , pr paid expenses and receivables.  They also own 700K worth of land and some inventory let's say it's worth 9 months of sale if the quality is there 1600K the rest is right to use , goodwill, and some equipment let's say 300K so the total of assets where worth (2 months ago )  3200k.  Now the liabilites They account for 2225k that leaves approximately 1000k of net value and a burn rate of 500K per QT (as per numbers on interim statement) and I am not counting the lost they generetate from sales 50% from July to sept 2021. So best case by Christmas they will be left with 500K of assets all kinds with the actual stocks it gives us  a price of 0,0466 $ PS 4 1/2 cents maybe my maths are not accurate but in any event today's  price 0,36$ PS  looks  expensive any comments ? Would like an opinion here !

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