VANCOUVER, British Columbia, Dec. 01, 2017 (GLOBE NEWSWIRE) — Cannabis Wheaton Income Corp. (d/b/a Wheaton Income) (TSX.V:CBW) (“Wheaton Income” or the “Company“) announces that it has granted 6,045,000 options to purchase common shares of the Company (the “Options”) to certain directors, officers, consultants, advisors and employees pursuant to the Company’s stock option plan (the “Plan”). Of these Options: (i) 3,000,000 Options will vest immediately; (ii) 3,000,000 Options will vest in equal portions over the following three years; and (iii) 45,000 Options will vest in equal portions over the following four years with the first vesting date being the one year anniversary of the date of the grant. All of the Options are exercisable at a price of $1.00 per common share. The Options have a term of 10 years and are subject in all respects to the terms of the Plan and the requirements of the TSX Venture Exchange.
ON BEHALF OF THE BOARD
“Chuck Rifici” Chairman & CEO
About Wheaton Income. (TSX.V:CBW)
Wheaton Income 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 brand values, and all share a common goal—to build a world-class industry based on ethics, diversity, quality and innovation.
Stay Connected:
For more information about Cannabis Wheaton and our management team, please visit: http://www.wheatonincome.com, or follow us on Twitter @WheatonIncome. Call: 1.604.687.7130 Email: [email protected] (http://www.skanderbegcapital.com).
Media Contact:
Sarah Bain, VP External Affairs
Email: [email protected]
Phone: 613.230.5869
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release