Mr. Chuck Rifici reports

CANNABIS WHEATON PROVIDES UPDATE ON PRIVATE PLACEMENT AND RELATED MATTERS

Cannabis Wheaton Income Corp. has terminated its previous engagement letter with Eight Capital and Canaccord Genuity Corp., in connection with its previously announced best efforts private placement of special warrants and convertible debenture units. The company and the co-lead agents have mutually agreed to terminate the engagement letter.

Over the preceding week the company has been the subject of multiple inflammatory false or misleading reports, published primarily on-line by persons seeking to discredit the company. Cannabis Wheaton as well as the co-lead agents have been referenced and targeted about various matters, including the ownership of securities in Cannabis Wheaton by employees of the co-lead agents, despite such ownership being disclosed in the company's press release dated May 23, 2017.

Chuck Rifici said: "Since the previously announced private placement, only positive events have occurred within the company's business including the signing of the agreement with Abcann Global Corp. The co-lead agents confirmed that the termination of the engagement letter was not in any way related to due diligence conducted by the co-lead agents or investors' reception of the company's private placement.

"While we are disappointed at the timing of the termination of the engagement letter with the co-lead agents, we are pleased at the enthusiastic response from the syndicate members and other leading firms seeking to take up the agency role in the private placement. We are acting swiftly to finalize an agreement with a new broad syndicate of agents to facilitate an expeditious closing of the proposed private placement.

"Finally, further to the company's press release dated May 31, 2017, we wish to confirm in the strongest possible terms that no law enforcement or other regulatory agencies have contacted the company and that any allegations to the contrary being published on-line are entirely without merit."

About Cannabis Wheaton Income Corp.

Backed by a team of industry experts, Cannabis Wheaton is the first cannabis streaming company in the world. The company's streams will include production from across Canada coming from its partners comprising licensed producers of cannabis (LP) and LP applicants. Cannabis Wheaton's mandate is to facilitate real growth for its streaming partners by providing them with financial support and sharing its collective industry experience.

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