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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

Post by KozmoTon May 17, 2022 1:57pm
266 Views
Post# 34689788

Never mind the share consolidation that puts the value of

Never mind the share consolidation that puts the value ofthis garbage company at 1 cent pre-split, and never mind the missing $3M "loan" to relatives, how on earth is even over a nickel NOW?  Here's a cut n paste from the recent financial statements:

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."

Better yet, how has the OSC not shut these guys down with a Cease Trade Order until they can account for what is going on?
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