Ms. Sarah Bain reports

CANNABIS WHEATON ANNOUNCES $100 MILLION BOUGHT DEAL FINANCING

Cannabis Wheaton Income Corp. has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets, pursuant to which the underwriters have agreed to buy, on a bought deal basis, 71.5 million units of the company at a price of $1.40 per unit, representing aggregate gross proceeds to Cannabis Wheaton of approximately $100-million. Each unit entitles the holder to acquire, for no additional consideration, one common share of Cannabis Wheaton and one-half of one common share purchase warrant of Cannabis Wheaton. Each full warrant will entitle the holder thereof to purchase one common share of the company at a price of $1.85 per common share for a period of 24 months following the closing date.

In addition, Cannabis Wheaton has agreed to grant to the underwriters an option to purchase up to an additional 15 per cent of the units at a price of $1.40 per unit, on the same terms and conditions as the offering, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the offering. If the option is exercised in its entirety, the aggregate gross proceeds of the offering to Cannabis Wheaton will be approximately $115-million.

The company plans to use the net proceeds from the offering for capital expenditures relating to domestic and international operations and capacity expansion, for potential new investment opportunities, and for general working capital purposes.

The units will be offered pursuant to the company's base shelf prospectus dated Feb. 28, 2018. The terms of the offering will be described in a prospectus supplement to be filed with securities regulators in each of the provinces of Canada, except Quebec.

The offering is anticipated to close on or about May 31, 2018, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities.

About Cannabis Wheaton Income Corp.

Cannabis Wheaton is a collective of entrepreneurs with a passion for the cannabis industry past, present and future. The company's mandate is to facilitate growth for its partners by providing them with financial support and sharing its collective industry experience.

We seek Safe Harbor.