VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 14, 2017) - Cannabis Wheaton Income Corp. (TSX VENTURE:CBW)
("Cannabis Wheaton", "CW", or the "Company") is very pleased to announce that it has appointed
advisory board member and cannabis industry leading expert Michael Lickver to the position of Executive Vice President of
Strategy.
Mike is currently a corporate and commercial associate at Bennett Jones LLP where he is a key member and helped build the
firm's Cannabis Group, the leading cannabis-focused legal advisory business in the country. Mike has played a key role in a
variety of domestic and international corporate and commercial cannabis-focused transactions. He speaks regularly at conferences
across North America on topics related to the cannabis industry, is a frequent author on cannabis issues and is currently the
Canadian Editor of the International Cannabis Law Journal.
Mike is also on the board of advisors of Stoic Advisory Inc., a consulting firm focused on providing corporate finance
expertise to clients in the global cannabis industry as well as the board of directors of Summit Leaders, a not-for-profit
organization that aims to help Canadian youth engage in entrepreneurship. In addition to his work as pro bono counsel to Cannabis
Canada and Canadians for Fair Access to Medical Marijuana, Mike is an Adjunct Professor at Western Law School where he teaches
"Medical Marijuana: Law & Practice", a law school course which he co-designed and the first of its kind in Canada. Mike earned
Law (J.D.) and MBA degrees from the University of Western Ontario and the Richard Ivey School of Business.
As EVP of Strategy, Mike will be responsible for developing, communicating and executing Cannabis Wheaton's corporate strategy
initiatives.
Chuck Rifici noted, "Mike has been instrumental in building the largest cannabis legal practice in Canada and brings a diverse
background of legal, strategic and financial experience to Cannabis Wheaton. Having known and worked with Mike for several years,
it is clear to me that through both his legal career and previous experience in the entertainment industry, he brings a unique
skill set to Cannabis Wheaton and is positioned to provide some of the best insight available in our industry. We are thrilled to
have Mike join Cannabis Wheaton and look forward to adding his always thoughtful and creative touch to the team."
Mike stated, "The opportunity to utilize the knowledge and relationships that I have built in the cannabis space to directly
drive the strategy and growth of Cannabis Wheaton was one that I could not overlook.
I feel privileged to be working alongside Chuck Rifici, Hugo Alves and the other talented members of Cannabis Wheaton with the
vision of building a cannabis company that brings to bear financially creative solutions and works to build value for its
partners and shareholders. Joining the Cannabis Wheaton team is an exciting challenge and I look forward to continuing my career
in this unique and budding industry.
I feel privileged for having the opportunity to have started my professional career at Bennett Jones. I am also grateful for
everything the firm and all of its exceptional lawyers and staff have provided for me over the years as they are lessons and
experiences I will carry forward to the next chapter of my career. Many of my colleagues and clients have become my closest
friends and I want to thank them for all of their support and guidance. I'm looking forward to the future and the new challenges
that lie ahead."
Mike will commence his new role with Cannabis Wheaton after a short period of transition from Bennett Jones in order to ensure
an orderly succession of his legal practice and ongoing client matters to the other senior members of Bennett Jones' Cannabis
Group.
UPDATE ON FINANCING
The Company is pleased to report that investor interest in the special warrant and convertible debenture units being sold
under the best-efforts private placement announced June 6th led by Mackie Research Capital Corporation has resulted in
orders exceeding the fundraising and over-allotment maximum offering size of $57.5 million.
The Company anticipates closing on an oversubscribed offering in accordance with previously announced timing.
ON BEHALF OF THE BOARD
Chuck Rifici, Chairman & CEO
About Cannabis Wheaton Income Corp. (TSX VENTURE:CBW)
Backed by a team of industry experts, Cannabis Wheaton is the first cannabis streaming company in the world. Our streams will
include production from across Canada coming from our partners comprised of licensed producers of cannabis (LP) and LP
applicants. Cannabis Wheaton's mandate is to facilitate real growth for our streaming partners by providing them with financial
support and sharing our collective industry experience.
Stay Connected
For more information about Cannabis Wheaton and our management team, please visit: http://www.cannabiswheaton.com, or follow us on Twitter @CannabisWheaton. Call: 1-604 687
7130 Email: Mario@skanderbegcapital.com http://www.skanderbegcapital.com.
Forward-Looking Information
This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities law.
Forward-looking information is frequently characterized by words such as "plan", "continue", "expect", "project", "intend",
"believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or information that certain
events or conditions "may" or "will" occur. This information is only a prediction. Various assumptions were used in drawing the
conclusions or making the projections contained in the forward-looking information throughout this news release. Forward-looking
information includes, but is not limited to: receipt of regulatory approvals of the private placement, inability to complete the
private placement on the proposed terms or at all, the ability to generate revenue through the streaming agreements, the ability
to consummate transactions which are currently in discussions, requirements to obtain additional financing, timeliness of
government approvals for granting of permits and licences, including licences to cultivate cannabis, completion of the
facilities, where applicable, actual operating performance of the facilities, regulatory or political change, competition and
other risks affecting the Company in particular and the medical cannabis industry generally. Forward-looking information is based
on the opinions and estimates of management at the date the information is made, and is subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from those projected in the
forward-looking information. The Company is under no obligation, and expressly disclaims any intention or obligation, to update
or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as
expressly required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.