West Island Brands Inc. announced a non-brokered private placement of unit on January 25, 2022. Each unit is comprised of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company for a period of 24 months from the closing date at an exercise price of CAD 0.25 per warrant. All securities purchased under this financing are subject to a four month hold period. Finder's fees of eight per cent cash and 8% broker warrants of the amount, where applicable, are being paid in accordance with the policies of the CSE. Completion of the financing is subject to the acceptance of the CSE.

On the same day, the company issued 1,080,000 units at a price of CAD 0.25 per unit for aggregate gross proceeds of CAD 270,000 in its first tranche.