Cannabis Wheaton Continues Its Coast To Coast Expansion

The cannabis industry has gone global and Canada has been capitalizing on this emerging multi-billion-dollar opportunity.

Investors have recognized and have invested in Canada’s opportunity and the country has attracted more than $1 billion in new capital in the last year.

One company that is looking to capitalize on this opportunity is Cannabis Wheaton (CBW: TSV Venture) (KWFLF: OTCQB). The company introduced a streaming financing model to the cannabis industry and has attracted several leading firms to its investment portfolio.

Cannabis Wheaton’s streaming partners include 15 companies in six provinces across Canada. Of these companies, 3 have sales licenses (ABcann, Broken Coast, and Green Relief) and 4 have cultivation licenses, and 3 have affirmation letters.

Finalizes Agreement with ABcann

Today, Cannabis Wheaton Income Corp. (CBW.V) (KWFLF) and ABcann Global Corporation (ABCN.V) (ABCCF) signed a definitive subscription agreement where Cannabis Wheaton agreed to purchase $15 million worth of ABcann common stock at $2.25 a share.

The investment is the first part of a larger phased investment by Cannabis Wheaton to fund the development of ABcann’s proposed cannabis cultivation facility in Napanee, Ontario known as the Kimmett facility.

ABcann received its production license back in March 2014 and it received its sales licenses in December 2015. The company’s flagship facility utilizes proprietary growing technology to produce high-yielding plants that are consistent from harvest to harvest. ABcann cultivates cannabis in controlled environmental chambers which optimizes every variable to achieve the consistency that is needed for a standardized product. The company can control environmental and nutrient demands for specific cannabis

Completes a $50+ Million Financing

In late June, Cannabis Wheaton raised $50.2 million in aggregate gross proceeds and closed its private placement of special warrants and convertible debenture units. The company plans to use the net proceeds to finance its streaming partners and for general corporate and working capital purposes.

Cannabis Wheaton sold 30,000 convertible debenture units for $30 million and the remainder came from the sale of 20,252,203 special warrants.

Mackie Research Capital Corporation acted as the sole broker and received $3.4+ million in cash commissions and 3,419,549 broker warrants.

Continues to Expand and Advance its Portfolio

Shortly before Cannabis Wheaton closed its financing agreement, the company announced that its partner, Curative Cannabis applied to become a licensed producer with its proposed facility in Chatham-Kent, Ontario. Curative’s facility has been designed by Cascadia AC and is expected to have an initial footprint of 21,000 sq. ft.

The facility has significant room for expansion since Curative owns an option to purchase the neighboring 33.09 acres. This option provides the option to expand the facility up to 800,000 sq. ft.

Earlier in June, Cannabis Wheaton’s partner, Sundial Growers was granted a cultivation license for its Alberta facility. Sundial is the company’s seventh licensed producer partner and has 1 of 3 licenses in Alberta.

Stay up to date with Cannabis Wheaton by Joining Technical420…

Important Investor Disclosures

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Source: Technical 420

Cannabis Wheaton Continues Its Coast To Coast Expansion

This article is printed in collaboration with Scutify, the place you could find real-time markets and inventory commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or go to Scutify.com.The cannabis business has gone world and Canada has been capitalizing on this rising multi-billion-dollar alternative.Investors have acknowledged and have invested in Canada’s alternative and the nation has attracted greater than $1 billion in new capital within the final 12 months.One firm that’s wanting to capitalize on this chance is Cannabis Wheaton (CBW: TSV Venture) (KWFLF: OTCQB). The firm launched a streaming financing mannequin to the cannabis business and has attracted a number of main companies to its funding portfolio.Cannabis Wheaton’s streaming companions embody 15 corporations in six provinces throughout Canada. Of these corporations, three have gross sales licenses (ABcann, Broken Coast, and Green Relief) and four have cultivation licenses, and three have affirmation letters.Finalizes Agreement with ABcannToday, Cannabis Wheaton Income Corp. (CBW.V) (KWFLF) and ABcann Global Corporation (ABCN.V) (ABCCF) signed a definitive subscription settlement the place Cannabis Wheaton agreed to buy $15 million price of ABcann frequent inventory at $2.25 a share.The funding is the primary half of a bigger phased funding by Cannabis Wheaton to fund the event of ABcann’s proposed cannabis cultivation facility in Napanee, Ontario often known as the Kimmett facility.ABcann obtained its manufacturing license again in March 2014 and it obtained its gross sales licenses in December 2015. The firm’s flagship facility makes use of proprietary rising expertise to produce high-yielding vegetation which might be constant from harvest to harvest. ABcann cultivates cannabis in managed environmental chambers which optimizes each variable to obtain the consistency that’s wanted for a standardized product. The firm can management environmental and nutrient calls for for particular cannabisCompletes a $50+ Million FinancingIn late June, Cannabis Wheaton raised $50.2 million in mixture gross proceeds and closed its personal placement of particular warrants and convertible debenture models. The firm plans to use the online proceeds to finance its streaming companions and for basic company and dealing capital functions.Cannabis Wheaton offered 30,000 convertible debenture models for $30 million and the rest got here from the sale of 20,252,203 particular warrants.Mackie Research Capital Corporation acted as the only real dealer and obtained $three.four+ million in money commissions and three,419,549 dealer warrants.Continues to Expand and Advance its PortfolioShortly earlier than Cannabis Wheaton closed its financing settlement, the corporate introduced that its companion, Curative Cannabis utilized to turn out to be a licensed producer with its proposed facility in Chatham-Kent, Ontario. Curative’s facility has been designed by Cascadia AC and is predicted to have an preliminary footprint of 21,000 sq. ft.The facility has vital room for enlargement since Curative owns an choice to buy the neighboring 33.09 acres. This choice offers the choice to develop the power up to 800,000 sq. ft.Earlier in June, Cannabis Wheaton’s companion, Sundial Growers was granted a cultivation license for its Alberta facility. Sundial is the corporate’s seventh licensed producer companion and has 1 of three licenses in Alberta.Stay up to date with Cannabis Wheaton by Joining Technical420…Important Investor DisclosuresPaid affiliate.This report was authored by and is property of Technical420. All data and information relied upon in drafting this report is publicly accessible. The writer believes and considers its sources to be dependable, however doesn’t assure the accuracy or completeness of any data contained on this report. Any and all data, information, analyses and opinions are supplied for informational functions solely and isn’t supposed, in any method, as funding recommendation. Any projections or different data generated by Technical420 concerning the probability of assorted funding outcomes are hypothetical in nature, don’t mirror precise funding outcomes, and will not be ensures of future outcomes. None of the fabric contained on this report is meant as an answer or provide to promote or buy a selected inventory or some other funding. This report will not be directed to, or supposed for distribution or use by, any particular person or entity that could be a citizen, resident or situated in any municipality, state, nation or different jurisdiction the place the distribution, publication, availability, or use of this report is opposite to any governing legislation or regulation. The securities mentioned on this report might not be eligible for buy and/or sale in sure jurisdictions or by explicit people. It is necessary that you just examine any and all governing legal guidelines and/or rules that could be relevant in your jurisdiction. Investing in securities of issuers organized outdoors of the United States, together with ADRs, entail sure dangers. The securities of non-United States issuers might not be registered with, nor be topic to the reporting necessities of the United States Securities and Exchange Commission. Please contact a Financial Advisor for skilled recommendation concerning any and all securities investments. This report is meant for informational functions solelyThis article was written by Mark Maulden for https://technical420.com/cannabis-article/cannabis-wheaton-continues-its-coast-coast-expansion on .This article printed in collaboration with Scutify, the most effective app for merchants and buyers. Download the Scutify iOS App, the Scutify Android App or go to Scutify.com.

Source: The Herb News