VIVO Cannabis Inc. V.PDA

$27 Million raised & shipping to Israel, Australia & German

[1hot-techwoman]

I like what I see :) Cannabis Wheaton Income Corp. has agreed to invest $30 million in ABcann Global Corporation (TSXV: ABCN) SmallCapPower | May 30, 2017: ABcann Global Corporation (TSXV: ABCN) late Monday said it has entered into a binding interim agreement with Cannabis Wheaton Income Corp. (TSXV: CBW), in which Cannabis Wheaton has agreed to invest $30 million in ABcann to fund the construction of 50,000 square feet of cultivation space at ABcanns proposed Kimmett cannabis cultivation facility to be located in Napanee, Ontario. Win Big With Our Small Cap Picks In return, Cannabis Wheaton will receive 50% of the proceeds (net of certain costs) of future wholesale or retail sales completed by ABcann with respect to cannabis produced in the Expansion Production Area. The cannabis streaming agreement is Cannabis Wheatons first with a publicly-traded producer with a sales licence, and its sixth licence overall. Related: For Our Complete Coverage Of Canadian Marijuana Stocks Click Here ABcann Global Corp. began trading on the Toronto Venture exchange on May 4, 2017. ABcann was one of the first companies to obtain a production license under the marijuana for medical purposes regulations, which it received on March 21, 2014. It also obtained a sales licence on December 31, 2015. Over the past few months, ABcann Global has raised nearly $27 million to fund its expansion, and has seen a 30% patient sales increase each month since June 2016. The Company has exported to Israel and Australia and has applied to begin exporting to Germany. That being said, streaming financing has been considered, in the past, a financing option of last resort. With interest in marijuana stocks cooling of late, questions are bound to arise of whether or not there were other financing options available to ABcann. Half of the agreed upon $30 million will be given once ABcann raises a total of $150 million, or on March 31, 2018.