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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

 
https://auxly.com/

 
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CBWTF News: Auxly Announces Receipt of Dealer's Licence for Dosecann Facility 08/09/2018 10:47:11 AM
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PostSubject
#2134  Sticky Note NEWS: Auxly Announces Completion of Inverell S.A. Acquisition europa7 01/09/19 11:43:40 AM
#1967  Sticky Note Auxly Announces Cultivation and Retail Expansion Into Newfoundland Diogenes of Sinope 10/22/18 09:08:59 AM
#2153   Auxly to Recieve 200 Million Grams/Per/Annum from FSD WeedWarrior 01/23/19 09:05:39 AM
#2152   “Auxly is emerging as a large player in europa7 01/21/19 12:02:56 PM
#2151   Be patient here ,this stock will make huge huckfi3n 01/21/19 03:30:12 AM
#2150   Do you think this will take effect this greendragon420 01/20/19 11:09:47 PM
#2149   I didn’t get the notification that my sell greendragon420 01/15/19 10:09:53 PM
#2148   Why Dg23 01/15/19 09:37:18 PM
#2147   Auxly just tripled in value. PocketKK 01/15/19 08:26:42 AM
#2146   https://www.microcapdaily.com/comeback-time-for-auxly-cannabis-group-inc-otcmkts Tenseevol 01/13/19 04:48:29 PM
#2145   I have to agree - close to 600M The Rooster 01/10/19 07:21:27 PM
#2144   Yep thats why the pps is a stick Sunblazers 01/10/19 07:17:53 PM
#2143   Excellent, thanks!! The Rooster 01/10/19 07:02:25 PM
#2142   That’s correct. Diogenes of Sinope 01/10/19 06:54:58 PM
#2141   https://investorplace.com/2019/01/strongest-marijuana-stocks-to-buck-short-term- The Rooster 01/10/19 06:48:37 PM
#2140   Auxly Cannabis Group ($CBWTF) The Rooster 01/10/19 06:48:22 PM
#2139   I'm seeing 585M on TD and Merrill Lynch... The Rooster 01/10/19 06:46:23 PM
#2138   Anyone have updated info on the SS here... The Rooster 01/10/19 06:46:15 PM
#2137   Auxly Uruguay Distribution Partnership Moves Toward Commercialization https://plus.google.com/+WeedW WeedWarrior 01/10/19 07:40:15 AM
#2136   New Danish Cannabis Export Regulations Very Positive for WeedWarrior 01/10/19 07:39:05 AM
#2135   NEWS: Horizons Adds New Cannabis Stocks to Its ETFs europa7 01/09/19 11:47:30 AM
#2134   NEWS: Auxly Announces Completion of Inverell S.A. Acquisition europa7 01/09/19 11:43:40 AM
#2133   Business View Magazine Interview with CEO Chuck Rifici https://plus.google.com/+WeedWarrior/posts/Ng WeedWarrior 01/09/19 12:07:36 AM
#2132   CEO Chuck Rifici is Preparing for the Inevitable https://plus.google.com/+WeedWarrior/posts/A6Xb6C4G WeedWarrior 01/09/19 12:03:26 AM
#2131   U.S. Federal Cannabis Prohibition Will Be Ending Soon https://www.potnetwork.com/news/democrats-cont WeedWarrior 01/08/19 06:37:39 AM
#2129   Capacity Expansion and Partnerships Took Focus for Auxly europa7 01/02/19 11:50:14 AM
#2128   $2 by the end of the first quarter. PocketKK 01/02/19 11:22:14 AM
#2127   Auxly just awarded another processor Lic through Doescan Aquisition Marillionaire 12/31/18 08:53:35 AM
#2126   Management is gone . A Canadian means nothing Brucebannerr 12/29/18 09:17:04 PM
#2125   Watch how this one works.... management working hard skidoo31 12/26/18 07:59:27 AM
#2124   Probably a Pharma trading group thinking they can PocketKK 12/24/18 01:51:38 PM
#2123   Lol great analysis. Tax selling is more to TheGreatGreenRush 12/24/18 01:33:48 PM
#2122   We can only hope so Trade4today 12/24/18 12:41:34 PM
#2121   Keep going higher you POS and let me greendragon420 12/24/18 12:09:16 PM
#2120   Something is cooking up Dg23 12/24/18 11:29:15 AM
#2119   Big sell order at EOD Not Trade4today 12/21/18 04:16:17 PM
#2118   Why? Surfonium 12/21/18 04:07:04 PM
#2117   Shes a goner Monday Trade4today 12/21/18 04:02:07 PM
#2116   Ouch! vinovista 12/21/18 12:48:25 PM
#2115   Fantastic!!! PocketKK 12/21/18 12:42:29 PM
#2114   Analyzing Auxly Cannabis' Financial Projections europa7 12/21/18 11:29:27 AM
#2113   Beginning in January 2019, Auxly will receive the PocketKK 12/21/18 04:36:17 AM
#2112   lol, to funny DirteeHarree 12/20/18 04:57:59 PM
#2111   Gimme some in the 30’s, flip em like greendragon420 12/19/18 09:44:19 PM
#2110   WOW NEW 52 WEEK LOW YEAHAAA! Demidog 12/19/18 03:16:28 PM
#2109   Huh? This doesn’t even make sense? greendragon420 12/18/18 10:24:01 PM
#2108   Ahhh nahhh. States Act didn’t pass, banks in greendragon420 12/18/18 10:21:17 PM
#2107   Still holding to your assessment of above a buck? MaximusMax 12/18/18 03:43:31 PM
#2106   This company is a joke. Just a month jto12345 12/18/18 02:25:58 PM
#2105   lmao DirteeHarree 12/17/18 05:19:04 PM
#2104   Should finish next week above a dollar, at greendragon420 12/16/18 09:03:41 AM
#2103   Weed Stock: Aphria Inc Skyrockets Despite Class Action Lawsuit europa7 12/14/18 04:02:33 PM
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