Westleaf Inc. WSLFF

Westleaf is a Canadian cannabis company focused on cannabis brands, extraction and production of derivatives, wholly owned retail, as well as cannabis cultivation. The Company’s extraction and processing facility, The Plant, will produce high quality and consistent cannabis derivatives and consumables, both for Westleaf’s in-house brands as well as white label products. Westleaf’s retail concept, Prairie Records, leverages the instinctual tie between recreational cannabis and music.

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Westleaf Inc. > Is this legal?

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Comment by Mainstreeton Jan 03, 2020 11:07am

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RE:RE:Is this legal?

I'd think it would be different for a public company. As a director, they'd have a fiduciary duty to the shareholders, and this would seem to not be in the best interest of the company.

To apply for the licence the Director would have had to put together a retail proposal, so the intentions would either have been to open up a competing store personally, or to try to sell the licence for profit. To me, the company either doesn't know (unlikely, since everything is posted is public and right in front of their faces), or doesn't care. If I were a shareholder I'd be calling foul.

This company is certainly unique which is why it has continued to intrigue me, but I'm glad I continuously had self restraint as I've been tempted at multiple levels. Continual red flags.

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