West Island Brands Inc (TSE:WIB) has released an update.
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West Island Brands Inc., a diversified Quebec cannabis company, has announced a partial revocation of its Cease Trade Order by the Ontario Securities Commission, allowing for a private placement aimed at raising $200,000 to cover outstanding fees and complete financial statements for 2022. The private placement involves the sale of units, each consisting of a common share and a warrant, which the company intends to use to apply for a full revocation of the FFCTO after meeting its continuous disclosure obligations.
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