VANCOUVER, BC--(Marketwired - May 19, 2017) - Cannabis Wheaton Income Corp. (TSX VENTURE: CBW)("Cannabis Wheaton", "CW", or the "Company") is pleased to appoint Kevin Furet to the position of Chief Cultivation and Genetics Officer. Kevin will begin his duties at Cannabis Wheaton effective September 1, 2017 in order to comply with certain pre-existing contractual obligations.
Until May 2017, Kevin served as the Master Grower for Canopy Growth Corporation and brings more than 17 years of production technique, plant breeding and strain development experience to his new role with Cannabis Wheaton. At Canopy Growth Corporation Kevin oversaw cultivation for Tweed, Tweed Farms and Mettrum. While with Tweed, Kevin also served as their first Master Breeder, where he led a team of researchers in the creation of their cannabis breeding facility, the first of its kind in Canada and the foundation for Tweed's Canadian-bred genetics. Prior to this, Kevin founded several successful operations, including Indoor Garden Solutions.
Kevin is an important addition to Cannabis Wheaton's management team, which is comprised of industry first-movers and leaders, with a depth of knowledge in all areas of the cannabis industry from construction of world-class facilities, best in class cultivation practices and associated new technologies, retail distribution, branding identity creation, capital markets and regulatory expertise, all of whom are dedicated to creating value for CW's streaming partners and the cannabis industry as a whole.
In his role at Cannabis Wheaton, Kevin will be working with the Company's partners to provide solutions for optimizing top quality growth and yields as well as consulting on the daily issues that affect licensed producers, including bringing his expertise on breeding and genetics.
Kevin Furet stated, "I've always believed that this industry values quality and innovation, and I've had the opportunity to work alongside the best breeders and growers, who like me are devoted to the art and the science of our industry. I've dedicated my career to ensuring that Canadians have access to safe, high quality cannabis. This represents an opportunity for me to share my knowledge right across Cannabis Wheaton's national platform."
Chuck Rifici, CEO of CW noted, "We couldn't be more pleased that Kevin shared our vision and that we are able to include a Master Grower of Kevin's caliber as part of our turnkey platform solution for our partners. Kevin's award-winning growing techniques and breeding methods will provide an excellent sounding board for consultation and implementation of new ideas alongside our diverse set of partners. The help and support and new ideas that come from the best people working together will no doubt ensure that CW and its partners continue to be synonymous with leading edge and top-tier production in the industry."
ON BEHALF OF THE BOARD
Chairman & CEO
About Cannabis Wheaton Income Corp. (TSX VENTURE: CBW)
Backed by a team of industry experts, Cannabis Wheaton is the first cannabis streaming company in the world. Our streams will include production from across Canada coming from our partners comprised of licensed producers of cannabis (LP) and LP applicants. Cannabis Wheaton's mandate is to facilitate real growth for our streaming partners by providing them with financial support and sharing our collective industry experience.
For more information about Cannabis Wheaton and our management team, please visit: http://www.cannabiswheaton.com, or follow us on Twitter @CannabisWheaton. Call: 1-604 687 7130 Email: Mario@skanderbegcapital.com http://www.skanderbegcapital.com.
This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities law. Forward-looking information is frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or information that certain events or conditions "may" or "will" occur. This information is only a prediction. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking information throughout this news release. Forward-looking information includes, but is not limited to: the ability to generate revenue through the streaming agreements, requirements to obtain additional financing, timeliness of government approvals for granting of permits and licences, including licences to cultivate cannabis, completion of the facilities, where applicable, actual operating performance of the facilities, regulatory or political change, competition and other risks affecting the Company in particular and the medical cannabis industry generally. Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
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