Announcement • Apr 30
West Island Brands Inc. announced that it has received CAD 0.2 million in funding On April 29, 2024, West Island Brands Inc., closed the transaction. Announcement • Dec 06
West Island Brands Inc. announced that it expects to receive CAD 0.2 million in funding West Island Brands Inc. announced a non-brokered private placement of up to 2,051,282 units at a price of CAD 0.0975 per unit for the aggregate gross proceeds of CAD 200,000 on December 5, 2023. Each Unit will be comprised of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant will entitle the holder to purchase one Common Share for a period of 24 months from the closing date at an exercise price of CAD 0.13 per warrant. Prior to completion of the Private Placement, each subscriber to the Private Placement will receive a copy of the FFCTO and the Partial Revocation Order, and will be required to provide a signed and dated acknowledgement to the Company that all of the Company's securities, including the securities issued in the Private Placement, will remain subject to the FFCTO until such order is fully revoked, and that the granting of the Partial Revocation Order by the OSC does not guarantee the issuance of a full revocation order in the future. The transaction is subject to the approval of the Canadian Securities Exchange. Announcement • Jan 28
West Island Brands Inc. Announces CFO Changes West Island Brands Inc. announced the appointment of Ms. Veronique Laberge, CPA as the new CFO of West Island Brands. Ms. Laberge initially joined the company as a special consultant. As Chartered Professional Accountant and Auditor with over 17 years of experience in professional practice Ms. Laberge is a welcome member of the Company management team. Mr. Gurcharn Deol steps down as Interim CFO effective January 26, 2023, but remains a member of the board of Directors. Announcement • Dec 08
West Island Brands Inc. Announces Executive Changes West Island Brands Inc. provided a corporate update on recent activities. The Company welcomes the appointment of a new director to board, Mr. Mathieu Couillard. Mr. Couillard joined Haywood Securities in 2016 and served as Managing Director of investment banking, leading the Special Situations team. Prior to joining Haywood Mr. Couillard was part of the Risk Management Solutions group specializing in the sales and structuring of derivative products at National Bank of Canada in Toronto. From 2006 to 2014, Mr. Couillard was part of National Bank's investment banking group in Montreal. Mr. Couillard is a Fellow of the Society of Actuaries. Furthermore, the company also announced that Mr. Rawn Lakhan has been elected as new the New Chairman of the Board of Directors. Boris Ziger has stepped down as Chairman but continues as company CEO. Reported Earnings • Dec 01
Third quarter 2022 earnings released: CA$0.034 loss per share (vs CA$0.14 loss in 3Q 2021) Third quarter 2022 results: CA$0.034 loss per share (improved from CA$0.14 loss in 3Q 2021). Revenue: CA$1.29m (up 114% from 3Q 2021). Net loss: CA$518.1k (loss narrowed 64% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 54% per year, which means it is performing significantly worse than earnings. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Evangelia Kostakis was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 31
Second quarter 2022 earnings released: CA$0.027 loss per share (vs CA$0.026 loss in 2Q 2021) Second quarter 2022 results: CA$0.027 loss per share (down from CA$0.026 loss in 2Q 2021). Revenue: CA$1.26m (up 174% from 2Q 2021). Net loss: CA$409.2k (loss widened 48% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings. Announcement • Jul 21
West Island Brands Inc., Annual General Meeting, Aug 19, 2022 West Island Brands Inc., Annual General Meeting, Aug 19, 2022, at 11:00 Eastern Daylight. Agenda: To consider fix the number of directors of West Island to be elected at the Meeting at Six (6); to consider elect directors of West Island for the ensuing year; to consider and, if thought fit, approve the continuation of the stock option plan, as more particularly set out in the section of the information circular entitled "Continuation of the Stock Option Plan"; to consider appoint UHY McGovern Hurley LLP, Chartered Accountants, as West Island's auditor for the ensuing year and authorize the directors to determine the remuneration to be paid to the auditor; and to consider other matters. Announcement • Jun 14
West Island Brands Inc., Annual General Meeting, Aug 19, 2022 West Island Brands Inc., Annual General Meeting, Aug 19, 2022. Reported Earnings • May 28
First quarter 2022 earnings released: CA$0.033 loss per share (vs CA$0.037 loss in 1Q 2021) First quarter 2022 results: CA$0.033 loss per share. Revenue: CA$1.26m (up 112% from 1Q 2021). Net loss: CA$425.9k (loss widened 8.3% from 1Q 2021). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Meissam Panah was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 02
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.14 loss per share (down from CA$0.021 loss in 3Q 2020). Revenue: CA$602.0k (up CA$539.0k from 3Q 2020). Net loss: CA$1.45m (loss widened CA$1.23m from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. Announcement • May 15
Matica Enterprises Inc. Introduces New Cannabis Brand Matica Enterprises Inc. and Matica subsidiary, West Island Culture Inc. introduce newest cannabis brand to the market CITOYENTM. CITOYENTM is a more accessible brand of quality cannabis to come out of Montreal's West Island, The People's Flower. All CITOYENTM flower products are craft grown, quality cannabis offerings at lower entry prices and with greater volumes in comparison to premium OuestTM products. There are currently two product families in the CITOYENTM brand. CITOYENTM Gold Star products are high THC craft products. The CITOYENTM Red Star craft products have a mid to high THC range. Both sets of products still offer the strong bag appeal found with the QuestTM brand stemming from focus on rich terpene profiles and attractive visual attributes. The CITOYENTM brand strives to provide a greater number consumers with a taste of what a high quality bud in the legal market should be. Recent Insider Transactions Derivative • Feb 06
CFO & Director exercised options to buy CA$14k worth of stock. On the 1st of February, Gurcharn Deol exercised 500.00k options to receive shares at no cost, then sold around 250.00k of them at CA$0.25 each and kept the remainder. As of today, Gurcharn currently holds no shares directly. Company insiders have collectively bought CA$107k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Jan 12
Matica Enterprises Inc. and RoyalMax Biotechnology Canada Inc. Introduces Canada's Newest Cannabis Brand Matica Enterprises Inc. and Matica subsidiary, RoyalMax Biotechnology Canada Inc. introduces the Company's exciting new cannabis brand OUESTTM to the market. OUESTTM is the first brand to come out of Matica/RoyalMax. All OUESTTM offerings are craft grown, high quality premium cannabis products. High THC and terpene rich, the Company's products strive to provide consumers with the kind of cannabis the market has been demanding. OUESTTM represents the finest that the Company has to offer with an emphasis on aroma, flavour and overall enjoyment, such is the spirit of OUESTTM. 
