Mr. Chuck Rifici of Cannabis Wheaton reports
CANNABIS WHEATON PROVIDES INITIAL ADVANCE OF $5,000,000 TO BELEAVE
Further to the news release dated Oct. 5, 2017,
Cannabis Wheaton Income Corp. has provided to Beleave Inc. an initial advance of $5-million in non-dilutive debt financing by way of an instrument evidencing a debt obligation repayable in product equivalents. As previously announced, the proceeds of the DOPE note will be used by Beleave to finance the construction of an expansion facility, to be situated adjacent to Beleave's current facility outside of Hamilton, Ont.
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 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.
About Beleave Inc.
Beleave is a biotech company, and Beleave's wholly owned subsidiary Beleave Kannabis Corp. (formerly First Access Medical Inc.) is a licensed producer pursuant to the ACMPR (Access to Cannabis for Medical Purposes Regulations). Beleave's purpose-built facility is located near Hamilton, Ont.
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