Cannabis Wheaton to Raise $100 Million by Selling Units | CashCropToday
0 Shares 236 Views

Cannabis Wheaton to Raise $100 Million by Selling Units

May 23, 2018
236 Views

Cannabis Wheaton Income Corp. (TSX.V:CBW)  announced this week that the company has entered into an agreement BMO Capital and a collection of different funding  groups to offer 71,500,000 units of the company at C$1.40 per Unit, to raise a total of C$100 million. Under the terms of the deal each unit  is worth one common share of Cannabis Wheaton and one-half of one common share purchase warrant.

Cannabis Wheaton income Corp. provides financing to companies involved in the cultivation, processing, and distribution of cannabis in Canada. The company provide the necessary capital to growing companies in order to allow them to expand operations, allowing Cannabis Wheaton to receive a small percentage of equity in return.

The company also provides ancillary services to the industry such as construction management for cultivation and processing facilities, assistance with brand awareness, legal guidance, and provides medicinal cannabis patient growth strategy.

The company plans to use the proceeds from the C$100 million capital raise for disbursement of funds to new partners and to grow the company’s international operations.

You may be interested

Portugal’s Parliament Legalizes Cannabis as a Prescribed Medicine for Patients
Global
30 views
Global
30 views

Portugal’s Parliament Legalizes Cannabis as a Prescribed Medicine for Patients

Editor - June 19, 2018

Last week, Portugal's Parliament voted upon the right for its citizens to receive and gain prescriptions to cannabis-based medicines from their doctor. The move is expected to help…

420 Real Properties Featured Retail Location in San Pedro
Growers
54 views
Growers
54 views

420 Real Properties Featured Retail Location in San Pedro

Editor - June 19, 2018

RETAIL: 1.8K SQFT in San Pedro at $4.50 PSF Have you been searching for your next retail location... Struggling to find the right space with an open…

Marijuana Company of America Launches New CBD Infused Cosmetic Product hempSMART™ Face
Manufacturing
68 views
Manufacturing
68 views

Marijuana Company of America Launches New CBD Infused Cosmetic Product hempSMART™ Face

Editor - June 19, 2018

Marijuana Company of America (OTC: MCOA) announced this morning that the company’s wholly owned subsidiary hempSMART™, Inc. has launched its revolutionary new cosmetic product hempSMART™ Face. Each…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: