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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 > Are we missing something ?
View:
Post by Gription on Jul 20, 2021 10:40am

Are we missing something ?

This company grows and sells a tiny amount of cannabis at a loss . The entire Hemmingford venture has been written off . All that remains is the outstanding loan to relatives for construction that never happened . Apparently they sell some sort of air freshener , but who knows . The CFO sold all his holdings . This company has no prospects whatsoever .
Comment by KozmoT on Jul 20, 2021 10:59am
I'm guessing that, unless the relatives pay back the missing $3 MILLION (!!!) then the part thats missing is the reason they gave a bunch of options to a Criminal Defense Lawyer.
Comment by AccountabilityM on Jul 21, 2021 10:36am
No denying there are some 'questionable' use of finances, boneheaded acuisitions (Tricome, Yunify), leading of shareholders with Hemingford progress, and heavy reliance on 'Covid' as a scapegoat over the past years.  The Matica Twitter feed, if you don't get blocked for questioning Boris on updates, has some encouraging news with Ouest and Citoyen.  Maybe Boris ...more  
Comment by Noscams on Jul 21, 2021 5:23pm
encouraging news ? You must be kidding . Sounds like another story so Boris can sell some shares . How did all his other " encouraging " plans make put . Tell us about any that ever had a positive cash .
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