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Bullboard - Stock Discussion Forum 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... see more

CSE:WIB - Post Discussion

West Island Brands Inc > HOLY SCHITTT, Financials out on Sedar
View:
Post by KozmoT on Jun 01, 2021 11:52am

HOLY SCHITTT, Financials out on Sedar

and this miserable crew is in for a world of trouble. I literally can't believe what I'm reading but will digest some more, suffice it to say I think a lot of lawyers are gonna be involved in this crew's future. Wow.  I knew it would be bad but this is unreal ....

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00026674
Comment by AccountabilityM on Jun 01, 2021 12:04pm
Ironically, a control F (Find function) did not evidence Hemmingford in any capacity.  Also a net loss of $8.5 mm - primarily from writedowns of Royalmax, 93802601 Quebec Inc, share based compensation and depreciation.   Let's hope for a turnaround year as the sales strategy starts to exhaust the $2.1 mm inventory in progress.  Let's hope there's no more blame on ...more  
Comment by BoZiger on Jun 01, 2021 12:51pm
LOL these guys got a mill left in the bank but somehow managed to pay director fees of 300k still? They should be insolvent soon I would imagine. No mention of Hemmingford. Wheres all the sales from the game changing magical mist as well? They plowed 7 Mill into a company an auditor determined was worth 2 Mill. LOL Way to go Boris - to the mMMMMMMOOOOOOOOONNNNNN.
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