Bring on that sweet $3.00 target for Auxly :) $$$$Cannabis Wheaton has a 132 per cent upside, Mackie Research says /June 5, 2018/ by Nick Waddell After completing a new $115 million financing round, Cannabis Wheaton Income Corp. (TSXV:CBW) is now sitting on a huge pile of cash, says analyst Greg McLeish of Mackie Research, who on Tuesday maintained his Buy recommendation and price target of $3.00. May was a busy month for Cannabis Wheaton, which closed on the acquisition of late-stage Licensed Dealer Dosecann Inc., announced an exclusive license for Denver-based Dixie Brands product branding and IP in Canada and closed on a $115 bought deal led by BMO Markets. The financing, to be used for capital expenditures and capacity expansion, brings the companys pro-forma cash position up to $315 million, according to McLeish, who says that CBW is well-positioned for growth in both the medical and recreational cannabis markets. CBWs model allows it to access cannabis production from growing collection of diverse partners, enhancing its position to participate in anticipated provincial distribution channels, says McLeish in an update to clients. Through existing agreements, the company has locked up more than 100,000 kilograms of funded production, positioning it as one of the leading suppliers for both medical and recreational cannabis.