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Auxly Cannabis Group Inc. (CBWTF)

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("Acquisition Agreement”) to acquire all of the outstanding securities of Dosecann Inc. (“Dosecann”). Dosecann is a late-stage “Licensed Dealer” applicant pursuant to the Narcotic Control Regulations with a purpose-built 42,000 square foot facility located in Charlottetown, Prince Edward Island.   

Pursuant to the Acquisition Agreement, Cannabis Wheaton will acquire all of the outstanding securities of Dosecann (the “Dosecann Securities”) by way of a “three-cornered amalgamation” (the “Acquisition”). Upon the completion of the Acquisition, Dosecann will become a wholly-owned subsidiary of Cannabis Wheaton.

As consideration for the Dosecann Securities, the Company will pay the holders of the Dosecann Securities an aggregate of up to $38,000,000, payable in common shares of Cannabis Wheaton (the “Consideration Shares”), subject to the satisfaction of certain post-closing time and performance-based milestones. As part of the Acquisition, all outstanding convertible securities of Dosecann will either be converted into Dosecann common shares and exchanged for Consideration Shares on the closing of the Acquisition (the “Closing”), or will otherwise be exchanged for convertible securities of Cannabis Wheaton based on the exchange ratio used in the Acquisition. 

The Dosecann principals, who collectively hold approximately 66.96% of the outstanding common shares of Dosecann, have agreed to enter into lock-up agreements in favour of Cannabis Wheaton restricting their ability to transfer their Consideration Shares (the “Locked-up Securities”) until the date that is 18 months following the Closing, provided that: (i) one-half of the Locked-Up Securities shall cease to be subject to the lock-up on the date that is 6 months following the Closing; and (ii) the remaining Locked-Up Securities shall cease to be subject to the lock-up in equal tranches on the 12th and 18th month anniversaries of the Closing.

The Acquisition is subject to a number of conditions, including the receipt of all required shareholder and regulatory approvals and the satisfaction or waiver of all conditions of closing under the Acquisition Agreement. The Transaction is expected to close on or about April 30, 2018.

ON BEHALF OF THE BOARD

"Chuck RificiChairman & CEO

About Cannabis Wheaton (TSX-V:CBW)

Cannabis Wheaton is a collective of entrepreneurs with a passion for the cannabis industry past, present and future. Our mandate is to facilitate growth for our partners by providing them with financial support and sharing our collective industry experience. Our partners all have different visions, voices and brandvalues, and all share a common goal—to build a world-class industry based on ethics, diversity, quality and innovation.

About Dosecann

Dosecann Inc. is a PEI-based Licensed Dealer applicant currently completing the buildout of a 42,000 square foot GMP compliant facility. Within the purpose-built facility, Dosecann intends to accommodate product development, extraction, formulation, filling and packaging. Dosecann is developing a suite of cannabis products across a variety of delivery methods for both the medical and adult use markets.

Investor Relations:
For more information about investing in Cannabis Wheaton, please visit: http://www.wheatonincome.com or contact our Investor Relations Team: 
Email: IR@wheatonincome.com
1-833-695-2414

Stay Connected: 
Follow up on Twitter @WheatonIncome

Media Enquiries (only): 
For media enquiries or to set up an interview please contact:
Sarah Bain, VP External Affairs 
Email: sarah@cannabiswheaton.com 
Phone: 613.230.5869

 
https://www.facebook.com/wheatonincome/


https://twitter.com/@WheatonIncome



 
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CBWTF News: PURA Shares Gain on Distribution Deal with Mr. Checkout for Cannabis-Infused Sports Drink 04/27/2018 10:26:38 AM
CBWTF News: Cannabis Wheaton Income Corp. Announces New Joint Venture with Peter Quiring 02/20/2018 09:45:00 AM
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#1505  Sticky Note Cannabis legalization in Canada officially law as bill undeffiniert 06/21/18 12:20:40 PM
#1492  Sticky Note Cannabis will be legal on October 17, Trudeau says undeffiniert 06/20/18 04:52:35 PM
#1364  Sticky Note Nice new website https://auxly.com Crisco 06/10/18 09:13:33 AM
#1309  Sticky Note Cannabis_Wheaton_Announces_Exclusive_License_for_Dixie_Brands_Cannabinoid-Infused_Products....:-} captainscotty 05/29/18 02:54:18 PM
#879  Sticky Note Those warrants are publicly traded under cbw.tx. on Meannod 02/07/18 09:44:49 PM
#1653   A red day today? JohnCM 07/20/18 12:36:47 PM
#1652   That is what market makers are for. Mindgame 07/20/18 11:34:54 AM
#1648   Question John, even if insiders start out the greendragon420 07/19/18 01:46:01 PM
#1645   What charts are you looking at? JohnCM 07/18/18 10:10:48 AM
#1640   Even Canopy is 26.5 Aurora almost in the 5$ Auscann motorcityAce 07/18/18 07:00:47 AM
#1639   Tell me about it JohnCM 07/18/18 01:15:33 AM
#1638   Why not? I mean there are alot motorcityAce 07/17/18 11:34:16 PM
#1636   You do realize Tripp's ousting on the board greendragon420 07/17/18 07:49:14 PM
#1635   Do you even know who Tripp Keber is bro? greendragon420 07/17/18 07:38:23 PM
#1634   There aren’t links for that kind of information. greendragon420 07/17/18 03:33:17 PM
#1633   No way. IanWhitfield 07/17/18 02:03:16 PM
#1632   Two words for everyone. Isaac Dietrich. greendragon420 07/17/18 12:33:22 PM
#1631   I am guessing that I am the one Mindgame 07/17/18 12:25:26 PM
#1630   Getting free shares would be almost like getting greendragon420 07/17/18 12:20:42 PM
#1629   I would not touch Auxly if you gave JohnCM 07/17/18 11:55:20 AM
#1628   Sector bottomed out today. Time to go back greendragon420 07/17/18 11:25:18 AM
#1627   correct! but I would be a buyer at this JohnCM 07/17/18 11:17:02 AM
#1626   I’m out of this for now. there is longanisa 07/17/18 10:28:54 AM
#1625   This crap keeps getting lower every day wile Brooklyn75 07/17/18 10:28:49 AM
#1624   Pull it. That was before the increase in JohnCM 07/17/18 02:27:40 AM
#1623   I will be jumping in tomorrow with both feet!!!!!!!!!! Mindgame 07/16/18 07:27:46 PM
#1622   Well isn't that funny, months back you were MaximusMax 07/16/18 04:06:40 PM
#1621   Uhmmmm , let me think. It is at JohnCM 07/16/18 02:04:18 PM
#1620   Why not??? What's keeping you out of Kilmal 07/16/18 01:55:58 PM
#1619   Auxly is not in my cross-hairs, at any price. JohnCM 07/16/18 12:05:57 PM
#1618   Looks like you might be able to get greendragon420 07/16/18 11:12:47 AM
#1617   Something out of nothing? JohnCM 07/15/18 02:26:53 PM
#1615   Auxly Investee CannTx Recieved Cultivation/Oil Production Licenses Yesterday https://lnkd.in/dwKEZSH WeedWarrior 07/14/18 07:49:08 PM
#1614   KRAFT! JohnCM 07/14/18 01:17:54 PM
#1613   I think the end is near. Touch 0.70 JohnCM 07/14/18 01:14:32 PM
#1612   Auxly Cannabis Company is dormant at this time. TESLIN 07/14/18 11:17:38 AM
#1611   Since my shares ended up being free I Meannod 07/14/18 07:48:58 AM
#1610   Si Meannod 07/14/18 07:41:33 AM
#1608   Or get out. Auxly sucks. JohnCM 07/14/18 03:57:53 AM
#1607   Buy 1/3rd now. JohnCM 07/14/18 03:56:45 AM
#1606   This what happens when you dilute the crap JohnCM 07/14/18 03:28:54 AM
#1605   Sure ... JohnCM 07/14/18 03:27:42 AM
#1604   Might be time to average down. Townie 07/13/18 11:57:58 PM
#1603   Auxly it is getting ugly. JohnCM 07/13/18 06:39:11 PM
#1602   Oh never mind I didn’t look back far greendragon420 07/12/18 08:48:58 PM
#1601   Do I have a “good time to load greendragon420 07/12/18 08:46:21 PM
#1600   Probably just still some of the .02 shares greendragon420 07/12/18 08:45:11 PM
#1599   Yeah is high time little Chucky stops dicking Sunblazers 07/12/18 04:30:20 PM
#1598   Ahhh, I see the wee people are posting Nukemtiltheyglow 07/12/18 04:01:17 PM
#1597   600 million of them! JohnCM 07/12/18 02:06:08 PM
#1596   Buckwheats, buckwheats for everyone! greendragon420 07/12/18 12:50:20 PM
#1595   Good buckwheats tho!! JohnCM 07/12/18 09:57:48 AM
#1594   Fauxly aka IHOF. International house of flops. greendragon420 07/12/18 04:04:22 AM
#1593   Auxly as bad as IHOB JohnCM 07/11/18 10:12:26 PM
#1592   Yep all the quick money plays have now Sunblazers 07/11/18 06:52:03 PM
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