Mr. Chuck Rifici reports

CANNABIS WHEATON ANNOUNCES CLOSING OF $50.2 MILLION OFFERING

Cannabis Wheaton Income Corp. has closed its previously disclosed private placement of special warrants and convertible debenture units for aggregate gross proceeds of $50,252,203. The company raised $30-million through the issuance of 30,000 convertible debenture units at a price of $1,000 per convertible debenture unit and $20,252,203 through the issuance of 20,252,203 special warrants at a price of $1 per special warrant. The net proceeds of the offering will be used primarily to finance the company's streaming partners and for general corporate and working capital purposes.

Mackie Research Capital Corp. acted as lead agent and sole bookrunner in the offering and received a cash commission of $3,419,549 together with 3,419,549 broker warrants. The terms of the offering are further described in the company's news release dated June 6, 2017.

All securities issued in the offering are subject to a statutory four-month hold period, subject to the earlier filing of a (final) short-form prospectus with the relevant Canadian securities qualifying such securities for resale, as applicable. There is no assurance that a qualifying prospectus will be filed or that a receipt therefor will be obtained prior to the expiry of the statutory four-month hold period. The offering remains subject to customary postclosing filings with the TSX Venture Exchange. A second tranche of the offering is expected to close in July, 2017.

About Cannabis Wheaton Income Corp.

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

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