Cannabis Wheaton Announces the Launch of C420 in Las Vegas, Nevada
VANCOUVER, BC –(Marketwired – October 02, 2017) – Cannabis Wheaton Income Corp. ( TSX VENTURE : CBW ) (“Cannabis Wheaton”, “CW”, or the “Company“) is excited to announce the launch of its inaugural C420 community event taking place on November 16, 2017 in Las Vegas, Nevada during the annual Marijuana Business Conference (MJBizCon).
Borrowing from and following in the footsteps of the C100 Association, a non-profit, member-driven association of Canadian thought leaders in the San Francisco Bay Area committed to supporting and accelerating the innovation economy in Canada, the purpose of C420 is to bring together exceptional Canadian entrepreneurs operating in the cannabis space to share ideas, opportunities and best practices to foster a true community approach to the industry. As Cannabis Wheaton’s mission is to create growth through diversity, C420 will provide a forum for a wide variety of Canadian cannabis entrepreneurs to network and collaborate in the heart of the largest cannabis conference in North America.
Ian Rapsey, Chief Creative Officer of Cannabis Wheaton stated, “Fostering and nourishing deep collaborative relationships in the Canadian cannabis community is paramount to building a strong foundation for the industry. It is our goal that what C100 is to Canadian technology entrepreneurs, C420 will be to Canadian cannabis entrepreneurs.”
Mike Lickver, Executive Vice President of Cannabis Wheaton commented, “I always look forward to producing events filled with great people sharing great ideas. Hosting the C420 in Vegas is a way for our team to capitalize on an environment that already brings so many Canadian entrepreneurs together during the pre-eminent conference of the year. We anticipate an exciting and entertaining evening shared by Canadian cannabis leaders that will become the first of many annual C420 events to come.”
Cannabis Wheaton’s C420 event will be launched in collaboration with several industry friends who will be announced closer to launch.
For more information on attending the inaugural C420 event in Las Vegas, Nevada please contact [email protected]
ON BEHALF OF THE BOARD
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.
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: [email protected] http://www.skanderbegcapital.com.
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.
VANCOUVER, BC–(Marketwired – October 02, 2017) – Cannabis Wheaton Income Corp. (TSX VENTURE: CBW) ("Cannabis Wheaton", "CW", or the "Company") is excited…
Cannabis Wheaton poised to expand with CA$100 million stock-purchase deal
Published May 24, 2018
Cannabis Wheaton Income is on the hunt for new marijuana investment opportunities as the company prepares to close on a stock-purchase deal valued at 100 million Canadian dollars ($78 million).
Under the bought-deal transaction, a syndicate of underwriters will purchase 71.5 million Cannabis Wheaton shares for CA$1.04 per share, according to a company news release.
Underwriters have the option to buy an additional 15% of the shares under the same terms for up to 30 days after the closing of the offering.
If the option is exercised entirely, gross proceeds to Cannabis Wheaton are expected to reach CA$115 million.
Cannabis Wheaton couldn’t immediately be reached for comment.
In its release, the company said it expects to invest the capital into “domestic and international operations and capacity expansion,” as well as “potential new investment opportunities and for general working capital purposes.”
Earlier this month, the company entered an exclusive licensing deal with Denver-based Dixie Brands to use Dixie’s intellectual property – including proprietary formulations, trademarks and product branding tied to more than 100 cannabinoid-infused products in Canada and Mexico.
The 10-year deal includes an option to renew for an additional five years.
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Cannabis Wheaton is on the hunt for new investment opportunities as the firm prepares to close on a $100 million in Canadian dollars stock-purchase deal. Under the bought-deal transaction, a syndicate of underwriters will purchase 71.5 million Cannabis Wheaton shares for CA$1.04 per share.