VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 23, 2017) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO UNITED STATES
Cannabis Wheaton Income Corp. (TSX VENTURE:CBW) ("Cannabis Wheaton" or the
"Company") is pleased to announce that the Company and Mackie Research Capital Corporation acting as lead agent
and sole bookrunner have agreed to revise the size of the previously announced best efforts private placement of Special Warrants
and Convertible Debenture Units, from up to $50,000,000 to up to $60,000,000 plus a 15% over-allotment option.
The terms of the offering are more particularly described in the Company's June 6, 2017
press release.
The offering is expected to close on or about June 28, 2017, subject to a number of customary closing conditions, including
TSX Venture Exchange approval, negotiation of definitive documentation, completing of satisfactory due diligence and the absence
of a material adverse change.
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 offering, inability to complete the offering
on the proposed terms or at all, delays in obtaining or inability to obtain required government or other regulatory approvals,
the ability to generate revenue through the streaming agreements, 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.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons
absent registration or an applicable exemption from the registration requirements. This news release will not constitute an offer
to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any State in which such offer,
solicitation or sale would be unlawful.