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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 > If they were smart they'd leave the country. Think about it.
View:
Post by KozmoT on Jun 01, 2021 3:30pm

If they were smart they'd leave the country. Think about it.

Hemmingford is written off and nobody knows where the missing money is?

Trichrome is written off completely ... no more edibles

Yunify written down to $1 "Fair Value"

Dorval finally starts selling pot and for every $1 they earn they literally lose .. $2 Investors would be better off if they closed and locked the doors and burned the inventory (and to top it off they are having their assses sued off over it)

And that $9,000,000 they had a couple years ago to fund the Hemmingford greenhouses - it seems to have somehow also disappeared ... they are now down to $1 million but that was as of last December and they had $491K in Accounts Payable ... who knows how much, if any is left.
Comment by BoZiger on Jun 01, 2021 3:42pm
I still can't believe they decided in 2020 that Hemmingford was no longer viable but didn't bother to tell investors until mid 2021 LOL. I'm hoping that's a typo in the notes.
Comment by KozmoT on Jun 01, 2021 4:10pm
From their Monthly progress report dated Oct 6th ... "Site preparation at the Hemmingford site has been largely completed." ... HEY BORIS - WHERE ARE THE MISSING FUNDS?!?!??!
Comment by Form8275 on Jun 03, 2021 2:29am
who are the $8k / month "consultants" ?   and what matter do they consult on ?