Mr. Boris Ziger reports

WEST ISLAND BRANDS INC. ANNOUNCES CHANGE OF AUDITOR

West Island Brands Inc.'s board of directors has approved a change of the company's auditor. McGovern Hurley LLP has been replaced effective Aug. 18, 2023. The audit committee and the board of directors have appointed Zeifmans LLP as the successor auditor, effective Aug. 18, 2023, until the close of the next annual general meeting of the company.

The company has sent a notice of change of auditor to the former auditor and to the successor auditor and has received a letter from each, addressed to the securities commissions in each of British Columbia and Ontario, stating that they agree with the information contained in the notice. The notice, the letter from the former auditor and the letter from the successor auditor have been reviewed by the company's audit committee and its board of directors and are available on SEDAR+.

There is a reportable event with respect to unresolved issues, as such terms are defined in National Instrument 51-102, Continuous Disclosure Obligations (Part 4.11), related to the audit of the company's 2022 financial statements that relates to an external investigation and report commissioned by the previous incumbent board of directors. This report was obtained as part of continuing disputes between certain incumbent board members and senior management of the company, including the company's chief executive officer. Those incumbent board members ultimately resigned. The findings and unresolved matters identified in the investigation report relate to alleged unauthorized transactions with related parties that were not approved by the board of directors of the company and other internal control issues.

About West Island Brands Inc.

West Island is a multifaceted, innovative company in the Quebec cannabis space. Its subsidiary, RoyalMax Biotechnology Canada Inc., is a Health Canada licence holder based in Dorval, Que., with a standard cultivation licence and standard processing, medical sales and sales licences.

We seek Safe Harbor.