The table below provides an update summary of Cannabis Wheaton Income Corp’s partners, estimated future production to CW at fully capacity and CW’s equity ownership, as of May 19, 2017:
|Stream Name||Province||Licensing Stage||Production for CW (Kg)||%1|
|2368523 Ontario Limited(Curative Cannabis)||ON||Pre-Affirmation||15,000||46%|
|Beleave Inc.||ON||Cultivation License||15,000||49%2|
|Broken Coast Cannabis Ltd.||BC||Sales License||15,000||10%, 49%2|
|Cannabco Pharmaceutical Corp.||ON||Pre-Affirmation||5,300||15.30%|
|Cannahort Agriculture Ltd.||NS||Pre-Affirmation||10,400||18.20%|
|CannTx Life Sciences Inc.||ON||Affirmation Letter||1,980||16%|
|Evergreen Medicinal Supply Inc.||BC||Cultivation License||6,600||6.60%|
|Great White North Growers Inc.||QC||Affirmation Letter||8,300||17.60%|
|Green Relief Inc.||ON||Sales License||115,500||24.45%|
|Harvest One Cannabis Inc.||BC/SK||Cultivation License||18,000||49%2|
|Lotus Ventures Inc.||BC||Pre-Affirmation||6,000||15.60%|
|PlanC BioPharm Inc.||BC||Affirmation Letter||7,000||49%|
|Sundial Growers Inc.||AB||Affirmation Letter||5,500||18.35%|
1 These are estimates based on current funding commitments and assume that CW has provided the streaming partner with the aggregate contribution amount set out in each streaming agreement. Some agreements have floating valuations which can impact ownership percentages at time of funding. 2 Represents equity in a new applicant.
“Early-Stage” indicates that the streaming partner’s application is currently being reviewed internally by such streaming partner to determine whether it will amend its current application for resubmission pursuant to the ACMPR, acquire an existing LP or enter into a joint venture with an existing LP whereby such existing LP will use the streaming partner’s current facility and related application materials to submit an LP application pursuant to the ACMPR.
“Pre-Affirmation” indicates that the LP applicant has yet to successfully proceed past the “Review” stage of the licensing processing. Once an LP applicant completes the “Review” stage of the licensing process, Health Canada will issue an “Affirmation Letter” which requires among other things, the LP applicant to provide an affirmative response to Health Canada that all necessary security features are present, installed and operational at the proposed facility. Upon providing an affirmation response to Health Canada, a Pre-Licensing Inspection will be scheduled for the proposed facility.
Source: Cannabis Wheaton Income Corp