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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 a 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 develops 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. The OUEST brand is represented by Grandpa's Stash and Jelly Cake flower offerings. The CITOYEN brand is represented by the King Louis and Clementine Punch flower offerings. Its Silk Road is a hashish blend which is made from the finest quality plant material.


CSE:WIB - Post by User

Bullboard Posts
Comment by bignumptyon Dec 13, 2016 8:24am
71 Views
Post# 25590369

RE:insider selling

RE:insider sellingAbsolutely - he did forgo cash - but let's not sugar coat it : From the 2015 MD&A -The management fee credit of ($66,000) in 2015 is as a result of Mr. Ziger, a Director and CEO, electing to forgo the 2015 salary portion of his compensation in light of the failure of THCD to complete the facilities and obtain a Health Canada licence by October 31, 2015.

As well, he did receive $77,233 in share based compensation for 2015.

But despite these facts, my post was not intended to do anything but to point out that an insider had made a sale.  For most people this is an indication that the seller feels that 2 cents is a fair price for his shares.  Nothing more nothing less.  
Bullboard Posts