Cannabis Wheaton Income Corp. and Sundial Sign Definitive Agreement for $7,000,000 in Debt Financing

Toronto, Ontario, CANADA


VANCOUVER, British Columbia, March 01, 2018 (GLOBE NEWSWIRE) -- Cannabis Wheaton Income Corp. (TSX-V:CBW) ("Cannabis Wheaton" or the "Company") is pleased to announce that it has entered into a definitive agreement whereby the Company has provided Sundial Growers Inc. ("Sundial"), an Alberta-based Licensed Producer, with $7,000,000 in non-dilutive debt financing by way of an instrument evidencing a debt obligation repayable by either the payment of a buy back amount or the delivery of cannabis product (the "Note"). The proceeds of the Note will be used by Sundial to add to its current funding for the construction of a new 545,000 square foot state of the art cultivation facility to be located in the Town of Olds, Alberta.