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Exclusive CFN Media Interview: Cannabis Wheaton Made Great Strides in 2017(January 23, 2018)
SEATTLE, Jan. 23, 2018 (GLOBE NEWSWIRE) -- CFN Media Group ("CannabisFN"), the leading creative agency and media network dedicated to legal cannabis, announces publication of an article and executive interview covering Cannabis Wheaton Income Corp. (TSX-V:CBW), the world’s first cannabis streaming company that provides investors with exposure to a diversified portfolio of licensed producers that are supported by its experienced management team.
In the interview, Executive VP of Strategy discusses the company’s eventful 2017 while looking forward to Canada’s pending legalization of adult-use cannabis. Over the past year, the company entered into several agreements across Canada with federally licensed producers of cannabis (and some late-stage licensed producer applicants) to fund facility construction, expansion, and innovations in exchange for minor equity interests and portions of each producer’s cultivation production.
Growing Network of LPs
Cannabis Wheaton has amassed a network of 15 streaming partners across six provinces, including seven partners that are existing cultivation and sales license holders. By 2019, the company hopes to have at least 1.4 million effective square feet of cultivation coming online.
In addition to these partnerships, the company launched its Wheaton Licensing Program to help aspiring licensed producers go to market. Management aims to cultivate a collective of passionate entrepreneurs and provide them with the financial support and experience necessary to execute on their vision. The acquisition of The KoLab Project (formerly Rock Garden Medicinals) late last year helps further these goals by accelerating the pathway to licensing under the ACMPR.
There are many benefits to this approach to creating shareholder value. In addition to providing diversified equity exposure to licensed producers, the company’s share of production could make it one of the largest distributors in its own right. The large scale could enable the company to access and/or develop premiere cannabis brands around the world that are looking to enter into Canada’s burgeoning fully-legalized market.
Pharmacy Distribution Network
Cannabis Wheaton has also been expanding the distribution network for its partners. In September, the company entered into an exclusive distribution alliance with the corporate owner of a national chain of independent pharmacies to develop and implement medical cannabis distribution and retail sale opportunities at approximately 40 locations nationwide. The 10-year agreement creates a unique opportunity and barrier to entry moving forward.
“We are always monitoring g how the distribution of cannabis is going to play out across the Provinces of Canada and how provincial distribution systems may impact our streaming partners,” said Cannabis Wheaton Executive Vice President Michael Lickver. “Pharmacies exist in virtually every community in Canada, are experienced in handling narcotics and, importantly, bring front-line health professionals to the point of sale.”
Cannabis Wheaton is uniquely positioned to help these pharmacies expand into the medical cannabis business. With 15 streaming partners across six provinces, the company provides a turnkey solution that ensures patients have reasonable access to medical cannabis. Management plans to pursue similar arrangements with other independent pharmacy chains across the country over the coming months and years.
Please follow the link to read the full article and see the interview: http://www.cannabisfn.com/exclusive-cfn-media-interview-cannabis-wheaton-made-great-strides-2017/
About CFN Media
CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.
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